DVN Price Prediction Next Week
Technical Analysis: Based on the recent price action, DVN has shown a bullish reversal pattern with increasing volume. The stock closed at $34.64 on February 14, 2025, with a positive regular market change of +1.23% .
Price Targets for Next Week (Feb 18-22, 2025):
- Resistance levels: $35.20 (recent high)
- Support levels: $34.43 (recent low)
- Expected trading range: $34.20 - $35.80
Fundamental Factors:
- Devon Energy will release Q4 earnings on February 18, 2025. Analysts expect EPS of $1.00, representing a 29.08% decline year-over-year.
- Piper Sandler recently maintained an "Overweight" rating with a price target of $54, suggesting significant upside potential.
News Sentiment:
- The company's stock has underperformed the broader market over the past year, declining 21.3% while the S&P 500 gained 22.7%.
- Energy sector stocks have been under pressure due to declining oil prices, though DVN has shown resilience in recent trading sessions.
Buy/Sell Recommendation: SELL with a target price of $33.50 for next week based on:
- Technical indicators showing overbought conditions
- Pre-earnings uncertainty
- Historical pattern of post-earnings decline
- Weak energy sector performance
Key Risk Factors:
- Earnings report on February 18 could cause significant price volatility
- Oil price fluctuations
- Overall market sentiment towards energy sector
DVN Similar Chart Price Prediction
The price of DVN is predicted to go up -1.84%, based on the high correlation periods with BRY. The similarity of these two price pattern on the periods is 97.58%.
DVN
BRY
Down: -1.84%Similarity: 97.58%
DVN Revenue Forecast
DVN EPS Forecast
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DVN VS S&P500
Devon enjoys ideally located acreage in core portions of the basins it operates in. Attractive acreage translates to above-average well performance and peer-leading supply costs.
Devon's shareholder-friendly capital allocation plan opens the door for substantial returns to shareholders via a base dividend, variable dividend, and opportunistic buybacks.
By capping growth at 5% annually, Devon avoids the risk of overspending during upcycles, a common fault of many upstream firms.
DVN Analyst's Forecast
John Freeman
Raymond James
Buy
2025-01-23
Price Target
$53 → $54
Upside
+48.15%
Raymond James raised the firm's price target on Devon Energy to $54 from $53 and keeps an Outperform rating on the shares. The fourth quarter was "forgettable" from a stock performance perspective, but has set the Exploration and Production group up nicely going into the New Year, the analyst tells investors in a research note. The firm expects largely in-line results from its coverage, and notes that efficiency gains continued at a pace that almost nobody anticipated, production growth is largely not the goal, and looks like a by-product of these efficiency gains, and says that it expects acquisitions to continue.
Bob Brackett
Bernstein
Hold → Buy
2025-01-15
Price Target
$45
Upside
+17.1%
Neal Dingmann
Truist Securities
Hold
2025-01-13
Price Target
$43 → $42
Upside
+14.22%
