The latest DVN stock forecast consensus sets a 12-month median price target of $60, implying roughly 15% upside from current trading levels, contingent on stable geopolitical conditions and oil supply chains. Devon Energy (DVN) is capturing interest after several key developments, including strong production updates, effective debt management, and visible progress on reducing capital expenditures ahead of its upcoming earnings report. Compared to the Zacks Consensus Estimate of $4.01 billion, the reported revenues represent a surprise of +6.75%. The EPS surprise was +1.2%. Volatility indexes remain elevated, and DVN stock forecast strategies incorporate higher-than-average beta. Traders are advised to brace for sharp swings in response to weekly EIA data releases.
