What are DVN stock's financial forecasts?

The key metric to pay attention to as part of DVN stock's financial forecasts isfree cash flow. As per consensus data taken from S&P Capital IQ, Devon Energy's free cash flow is projected to decrease by -11% and -23% to $5,970 million and $4,573 million for FY 2023 and FY 2024, respectively.

Is Devon Energy (DVN) a hold or a buy?

DVN is aHold rather than a Buy, despite its recent share price dip. As energy prices trend downwards, expectations of Devon Energy's future variable dividends will be lower which will drive a further derating of DVN's valuations.

Why have DVN shares dipped recently?

DVN's shares have dipped recently becauseinvestors are concerned about the decline in Devon Energy's future variable dividends as oil prices drop. On the flip side, it is encouraging to see Devon Energy trying its best to maintain a delicate balance between income and growth, as evidenced by recent acquisitions.

What is the average price target for Devon Energy?

The average price target represents an increase of 36.73% from the last closing price of $49.85. Devon Energy currently has an average brokerage recommendation (ABR) of 2.00 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 20 brokerage firms.