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Devon Energy (DVN, Oil & Gas Exploration & Production) Stock Valuation & Fair Value Mixed on our tests

Devon Energy (DVN, Oil & Gas Exploration & Production) trades at a blended P/E of 9.6, about 23% below its historical normal valuation, with a forward growth estimate of 3.6% and a PEG of 2.66. Analysts' one-year estimates have been hit 9% of the time. Priced at its historical normal P/E of 12.4 on the same blended earnings, the 2026-10-02 close of $47.65 corresponds to about $61.60 a share. This is a valuation reference, not a price target.

DATA AS OF 2026-10-05
Blended P/E
9.6
Normal P/E
12.4
PEG
2.66
Fwd growth
3.6%
Div yield
2.4%
RSI (14)
57.1
Neutral
Technical context
  • Price $48.92 at the 2026-10-08 close, 1.7% above the 20-day average ($48.10) and 3.9% above the 50-day ($47.08).
  • RSI (14) at 57.1.
  • 52-week range $30.95 to $51.37: the price is 4.8% below the high and 58.1% above the low.

The Street vs SeerForecast

Wall Street's mean price target for DVN is $60.64 across 28 analysts, 24.0% above the current price. The average analyst rating is Strong Buy. Our SeerForecast read of the same stock, formed without analyst targets: mixed on our tests. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating moved from favorable on our tests (2026-06-03) to mixed on our tests (2026-10-05).

Blended P/E and rating by weekBlended P/E moved from 9.7 to 9.6 between 2026-06-03 and 2026-10-02, against a normal P/E of 12.4, with 1 rating change over 37 recorded weeks.2026-06-03: P/E 9.7, Favorable on our tests, recalculated for the week of 2026-06-032026-06-10: P/E 9.7, Favorable on our tests, recalculated for the week of 2026-06-102026-06-12: P/E 9.7, Favorable on our tests, recalculated for the week of 2026-06-142026-06-16: P/E 9.7, Favorable on our tests, recalculated for the week of 2026-06-162026-06-18: P/E 9.7, Favorable on our tests, recalculated for the week of 2026-06-212026-07-02: P/E 8.7, Favorable on our tests, recalculated for the week of 2026-07-022026-07-06: P/E 8.8, Favorable on our tests, recalculated for the week of 2026-07-062026-07-09: P/E 8.8, Favorable on our tests, recalculated for the week of 2026-07-092026-07-10: P/E 9.3, Favorable on our tests, recalculated for the week of 2026-07-122026-07-13: P/E 9.3, Favorable on our tests, recalculated for the week of 2026-07-132026-07-14: P/E 9.3, Favorable on our tests, recalculated for the week of 2026-07-142026-07-20: P/E 9.8, Favorable on our tests, recalculated for the week of 2026-07-202026-07-22: P/E 9.8, Favorable on our tests, recalculated for the week of 2026-07-222026-07-24: P/E 10.1, Favorable on our tests, recalculated for the week of 2026-07-252026-07-27: P/E 10.1, Favorable on our tests, recalculated for the week of 2026-07-272026-07-31: P/E 9.9, Favorable on our tests, recalculated for the week of 2026-07-312026-07-31: P/E 10.1, Favorable on our tests, recorded live 2026-08-032026-08-07: P/E 9.3, Mixed on our tests, recalculated for the week of 2026-08-072026-08-07: P/E 9.3, Mixed on our tests, recorded live 2026-08-102026-08-14: P/E 9.4, Mixed on our tests, recalculated for the week of 2026-08-142026-08-14: P/E 9.9, Mixed on our tests, recorded live 2026-08-172026-08-21: P/E 10.4, Mixed on our tests, recalculated for the week of 2026-08-212026-08-21: P/E 10.3, Mixed on our tests, recorded live 2026-08-242026-08-27: P/E 10.3, Mixed on our tests, recalculated for the week of 2026-08-272026-08-28: P/E 9.9, Mixed on our tests, recalculated for the week of 2026-08-282026-08-28: P/E 10.0, Mixed on our tests, recalculated for the week of 2026-08-302026-08-28: P/E 10.0, Mixed on our tests, recorded live 2026-08-312026-09-04: P/E 10.1, Mixed on our tests, recalculated for the week of 2026-09-052026-09-04: P/E 10.1, Mixed on our tests, recorded live 2026-09-072026-09-11: P/E 10.5, Mixed on our tests, recalculated for the week of 2026-09-122026-09-11: P/E 10.5, Mixed on our tests, recorded live 2026-09-142026-09-18: P/E 10.0, Mixed on our tests, recalculated for the week of 2026-09-192026-09-18: P/E 10.0, Mixed on our tests, recorded live 2026-09-212026-09-25: P/E 9.6, Mixed on our tests, recalculated for the week of 2026-09-262026-09-25: P/E 9.6, Mixed on our tests, recorded live 2026-09-282026-10-02: P/E 9.6, Mixed on our tests, recalculated for the week of 2026-10-032026-10-02: P/E 9.6, Mixed on our tests, recorded live 2026-10-059.010.011.012.0Jun 3Jul 3Aug 2Sep 2Oct 2Normal P/E 12.4
Favorable on our testsMixed on our tests

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekBlended P/EPremium to normal P/ERating
2026-06-03P/E 9.7-22%Favorable on our tests (recalculated)
2026-07-02P/E 8.7-30%Favorable on our tests (recalculated)
2026-08-07P/E 9.3-25%Mixed on our tests (recalculated)
2026-09-12P/E 10.5-16%Mixed on our tests (recalculated)
2026-10-05P/E 9.6-23%Mixed on our tests ← now
Show all 37 weeks
WeekBlended P/EPremium to normal P/ERating
2026-06-03P/E 9.7-22%Favorable on our tests (recalculated)
2026-06-10P/E 9.7-22%Favorable on our tests (recalculated)
2026-06-14P/E 9.7-22%Favorable on our tests (recalculated)
2026-06-16P/E 9.7-22%Favorable on our tests (recalculated)
2026-06-21P/E 9.7-22%Favorable on our tests (recalculated)
2026-07-02P/E 8.7-30%Favorable on our tests (recalculated)
2026-07-06P/E 8.8-29%Favorable on our tests (recalculated)
2026-07-09P/E 8.8-29%Favorable on our tests (recalculated)
2026-07-12P/E 9.3-25%Favorable on our tests (recalculated)
2026-07-13P/E 9.3-25%Favorable on our tests (recalculated)
2026-07-14P/E 9.3-25%Favorable on our tests (recalculated)
2026-07-20P/E 9.8-22%Favorable on our tests (recalculated)
2026-07-22P/E 9.8-22%Favorable on our tests (recalculated)
2026-07-25P/E 10.1-19%Favorable on our tests (recalculated)
2026-07-27P/E 10.1-19%Favorable on our tests (recalculated)
2026-07-31P/E 9.9-21%Favorable on our tests (recalculated)
2026-08-03P/E 10.1-19%Favorable on our tests
2026-08-07P/E 9.3-25%Mixed on our tests (recalculated)
2026-08-10P/E 9.3-25%Mixed on our tests
2026-08-14P/E 9.4-25%Mixed on our tests (recalculated)
2026-08-17P/E 9.9-20%Mixed on our tests
2026-08-21P/E 10.4-17%Mixed on our tests (recalculated)
2026-08-24P/E 10.3-17%Mixed on our tests
2026-08-27P/E 10.3-17%Mixed on our tests (recalculated)
2026-08-28P/E 9.9-20%Mixed on our tests (recalculated)
2026-08-30P/E 10.0-20%Mixed on our tests (recalculated)
2026-08-31P/E 10.0-20%Mixed on our tests
2026-09-05P/E 10.1-19%Mixed on our tests (recalculated)
2026-09-07P/E 10.1-19%Mixed on our tests
2026-09-12P/E 10.5-16%Mixed on our tests (recalculated)
2026-09-14P/E 10.5-16%Mixed on our tests
2026-09-19P/E 10.0-20%Mixed on our tests (recalculated)
2026-09-21P/E 10.0-20%Mixed on our tests
2026-09-26P/E 9.6-23%Mixed on our tests (recalculated)
2026-09-28P/E 9.6-23%Mixed on our tests
2026-10-03P/E 9.6-23%Mixed on our tests (recalculated)
2026-10-05P/E 9.6-23%Mixed on our tests ← now

Frequently asked questions

Is Devon Energy stock overvalued?

At a blended P/E of 9.6 versus its historical normal P/E of 12.4, Devon Energy trades about 23% below its typical valuation, with a PEG of 2.66 on 3.6% forward growth. tickerseer currently rates it mixed on our tests.

What is Devon Energy's fair value and PEG?

Devon Energy trades at a blended P/E of 9.6 against a historical normal P/E of 12.4, a PEG of 2.66, and a forward growth estimate of 3.6%. Priced at its historical normal P/E of 12.4 on the same blended earnings, the 2026-10-02 close of $47.65 corresponds to about $61.60 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Devon Energy changed?

tickerseer's rating moved from favorable on our tests (2026-06-03) to mixed on our tests (2026-10-05).

What is the analyst price target for Devon Energy?

The mean Wall Street price target for Devon Energy is $60.64 across 28 analysts, 24.0% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Oil & Gas Exploration & Production. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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