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Devon Energy Corporation DVN

Indexes indicate stock being part of an index ,
Insider Buys alert about insiders buying in the last 12 month

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Get access to target analyst prices, predictions, compound annual growth rates and more than four years of historical data.

Insider Decisions

Total buys
0.20
Total sells
5.60
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy 1
Sell 2 1 1
Insider Ownership
0.00%

Capital & Financial Ratios

Market Cap
53,180.00
Revenue
19,676.00
Net Income
3,286.00
Free Cash Flow
1,607.00
Net Debt
10,379.00
Current Ratio
0.72
Debt/Equity
0.27
P/E ratio
11.49
P/S ratio
2.31
P/B ratio
1.09
Past 5Y EPS Growth
(1.04%)
This Y EPS Growth
30.74%
Next Y EPS Growth
(2.28%)
Next 5Y EPS Growth
12.64%
in millions of $

Dividends

Payout Ratio
0.62
Annual Dividend Rate
3.45
Annual Dividend Yield
6.72%
total individual payouts
2028 ‡‡‡‡‡
2027 ‡‡‡‡‡
2026 1.11
2025 0.96
2024 0.66
2023 0.60
2022 0.36
2021 0.45
2020 0.42
2019 0.35
2018 0.30
2017 0.24
2016 0.42
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 875.00 846.00 1,434.00 1,009.00
Receivables 1,573.00 1,972.00 1,792.00 3,162.00
Inventory 249.00 294.00 336.00 356.00
Other 460.00 315.00 444.00 522.00
3,157.00 3,427.00 4,006.00 5,049.00
2023 2024 2025 Q'26
Payables 1,982.00 806.00 790.00 1,626.00
ST’ Debt 483.00 485.00 998.00 1,497.00
Other 484.00 586.00 807.00 1,052.00
2,949.00 3,309.00 4,086.00 7,040.00
in millions of $

Compound Annual Growth

10y 5y 3y
Sales ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Cash Flow ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Earnings ‡‡‡ ‡‡‡ ‡‡‡‡‡
Book Value ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡

Revenue

Mar Jun Sep Dec Year
’26 3,807.00 7,417.00
’25 4,452.00 4,284.00 4,331.00 4,121.00
17,188.00
’24 3,596.00 3,917.00 4,024.00 4,403.00
15,940.00
’23 3,823.00 3,454.00 3,836.00 4,145.00
15,258.00
’22 3,812.00 5,626.00 5,432.00 4,299.00
19,169.00
’21 2,050.00 2,417.00 3,466.00 4,273.00
12,206.00
’20 2,087.00 394.00 1,067.00 1,280.00
4,828.00
in millions of $

Operating Cash Flow

Mar Jun Sep Dec Year
’26 1,655.00 3,674.00
’25 1,942.00 1,545.00 1,690.00 1,534.00
6,711.00
’24 1,738.00 1,535.00 1,663.00 1,664.00
6,600.00
’23 1,677.00 1,405.00 1,725.00 1,737.00
6,544.00
’22 1,837.00 2,678.00 2,104.00 1,911.00
8,530.00
’21 592.00 1,093.00 1,598.00 1,616.00
4,899.00
’20 529.00 150.00 427.00 358.00
1,464.00
in millions of $

Free Cash Flow

Mar Jun Sep Dec Year
’26 628.00 (285.00)
’25 1,133.00 945.00 661.00 603.00
3,342.00
’24 853.00 596.00 (2,906.00) 628.00
(829.00)
’23 673.00 309.00 821.00 820.00
2,623.00
’22 1,325.00 2,014.00 (985.00) 1,090.00
3,444.00
’21 108.00 633.00 1,115.00 1,115.00
2,971.00
’20 129.00 (159.00) 224.00 143.00
337.00
in millions of $

EPS

Mar Jun Sep Dec Year
’26 0.19 2.03
’25 0.77 1.41 1.09 0.90
4.17
’24 0.94 1.34 1.30 0.98
4.56
’23 1.53 1.07 1.42 1.81
5.84
’22 1.48 2.93 2.88 1.83
9.12
’21 0.32 0.38 1.24 2.23
4.19
’20 (4.82) (1.78) (0.25) (0.27)
(7.12)

Target Price Range

High
‡‡‡‡‡
‡‡‡‡
Average
‡‡‡‡‡
‡‡‡‡
Low
‡‡‡‡‡
‡‡‡‡

Recommendation Rating

1.3
1
Buy
2
3
Hold
4
5
Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡ ‡‡‡‡‡ 42.87 42.59 30.39 25.89
Low Price
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 79.40 66.96 55.09 38.88
High Price
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1,800 1,900 2,300 2,200
Employees
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 10.65 8.03 6.93 7.81
Revenue/Emp
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 19,169.00 15,258.00 15,940.00 17,188.00 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Revenue
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 85.41% 80.81% 80.03% 79.25%
Gross Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 7,775.00 4,623.00 3,712.00 3,466.00
EBT
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 40.56% 30.30% 23.29% 20.17% ‡‡‡ ‡‡‡ ‡‡‡
EBT Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 6,037.00 3,782.00 2,942.00 2,681.00 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Net Income
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 2,192.00 2,554.00 3,255.00 3,595.00
Depreciation
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 29.45 23.88 25.22 27.20 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Revenue/Sh
‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ 9.12 5.86 4.58 4.18 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Earnings/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 13.10 10.24 10.44 10.62
Cash Flow/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (7.81) (6.14) (11.75) (5.33) ‡‡‡ ‡‡‡ ‡‡‡
Capex/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 5.29 4.10 (1.31) 5.29
Free CF/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 17.35 19.12 23.27 24.57
Book Value/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 651.00 639.00 632.00 632.00 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Shares
‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡‡‡ 6.35 7.84 7.13 8.74 ‡‡‡‡ ‡‡‡‡ ‡‡‡
PE Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1.97 1.92 1.30 1.35 ‡‡‡ ‡‡‡ ‡‡‡
PS Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 3.35 2.40 1.41 1.49 ‡‡‡ ‡‡‡ ‡‡‡
PB Ratio
‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 2.23 2.27 1.80 1.75 ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
EV/Sales
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 12.43 13.18 (34.65) 9.01
EV/FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 8,530.00 6,544.00 6,600.00 6,711.00 ‡‡‡ ‡‡‡ ‡‡‡
Op' Cash Flow
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (5,086.00) (3,921.00) (7,429.00) (3,369.00) ‡‡‡‡‡ ‡‡‡‡‡
Capex
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 3,444.00 2,623.00 (829.00) 3,342.00
FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 786.00 208.00 118.00 (80.00)
Working Cap'
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 6,440.00 6,155.00 8,883.00 8,389.00
Total Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 4,986.00 5,280.00 8,037.00 6,955.00
Net Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 11,296.00 12,217.00 14,704.00 15,528.00
Sh' Equity
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 26.89% 15.54% 10.52% 8.51%
ROA
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 30.67% 16.51% 10.20% 9.64%
ROIC
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 58.13% 31.87% 21.48% 17.48%
ROE
predictions in italic, sparklines do not include predictions

Analyst Commentary (Summary)

Devon Energy (DVN), the shale wildcatter that dances with oil’s boom-bust symphony, has reinvented itself into a free cash flow machine after surviving the 2020 crash—revenues plummeted 22% to $4.83 billion and net income tanked to a $2.67 billion loss—only to explode 300%+ by 2022 amid post-pandemic demand and geopolitical shocks. Today, with operations honed in the Delaware and Eagle Ford basins under CEO Rick Muncrief’s tech-savvy leadership, DVN boasts lean efficiency: revenue per employee at $6.93 million (double historical norms) despite stabilizing sales around $15-16 billion annually. Margins remain robust—gross near 80%, EBT at 23%—with EPS normalizing to $4.58 in 2024 after 2022 peaks, fueled by disciplined capex and share buybacks.

Yet, the balance sheet shows scars and strengths: debt crept to $8.9 billion post-mergers, but equity rebuilt to $14.7 billion, yielding attractive valuations like a 7.13 trailing P/E and 1.41 P/B. Free cash flow, DVN’s “North Star,” swung wildly but eyes a $3.23 billion rebound in 2025 to fund variable dividends and repurchases, promising 20%+ yields on capex.

Analysts see modest upside—3% consensus target, up to 46% on oil spikes—with DVN consolidating mid-cycle as a resilient cash anchor, not a growth rocket. Permian dominance and adaptive culture position it to harvest upcycles, but debt and price volatility loom. Is this steady eddy the next energy winner? Dive into the full analysis for the charts, forecasts, and hidden edges.

Devon Energy Corporation (DVN) Latest News

News by impact score

Fine-tune

18 Aug

3 www.offshore-technology.com, 5:21 AM
WhiteWater and partners approve final investment decision for Solitude Pipeline System, advancing new energy transport infrastructure tied to Devon Energy operations. Pipeline FID adds transport capacity that can support Devon Energy output volumes and regional logistics.

17 Aug

4 , 7:30 AM
Devon Energy reaches final investment decision on Solitude Pipeline System to integrate the Delaware Basin. Final investment decision on Solitude Pipeline System advances Devon Energy's strategic infrastructure in the Delaware Basin.

4 , 7:00 AM
Solitude Pipeline System reaches final investment decision to transport gas from the Permian Basin to the Gulf Coast, supporting Devon Energy Corporation operations. Pipeline FID expands transport capacity from Permian Basin directly benefiting Devon Energy gas production and market reach.

13 Aug

3 , 10:50 AM
Devon Energy Corp. shares declined following an acquisition. Acquisition triggers share price decline with moderate effects on operations and investor views.

3 , 8:10 AM
Devon Energy posts Q2 profit with its stock appearing below fair value. Q2 profit landing and fair value assessment affect DVN financial performance and investor sentiment.

12 Aug

3 , 11:17 PM
Devon Energy (DVN) results put its undervalued narrative back in focus. Earnings results reinforce undervaluation perceptions with moderate effect on market sentiment and performance.

11 Aug

4 transcript www.fool.com, 7:43 PM
Devon Energy Corporation released its Q2 2026 earnings call transcript covering financial results, operational updates, and forward guidance. Q2 2026 earnings call delivers financial metrics and outlook that typically drive notable shifts in DVN valuation and sentiment.

8 Aug

3 transcript www.marketbeat.com, 1:03 AM
Devon Energy Q2 earnings call covered financial results, production updates, capital spending plans and forward guidance for the energy producer. Quarterly earnings highlights supply performance data and outlook that can move near-term sentiment and valuation but rarely trigger lasting strategic change.

6 Aug

3 , 10:00 AM
Devon Energy's Q2 earnings call focused on realized synergies from acquisitions and an ongoing portfolio review aimed at optimizing assets and returns. Q2 earnings call highlights on synergies and portfolio adjustments point to incremental efficiency gains without signaling major strategic overhauls.

5 Aug

4 , 7:02 PM
Devon Energy reported strong Q2 2026 earnings results along with continued progress on synergies. Strong earnings and synergy progress signal major positive shifts in financial performance and investor outlook for Devon Energy.

4 , 1:12 AM
Devon Energy reports revenue surge and executes buybacks to return capital, supporting shareholder value through improved financial metrics and stock support. Revenue surge combined with buybacks signals major capital return and growth that can shift company trajectory and investor sentiment.

3 , 12:59 PM
Devon Energy Q2 earnings beat estimates due to strong oil output and favorable pricing. Earnings beat on higher output and pricing indicates improved financial results with moderate effect on near-term performance.

3 app.moby.co, 8:30 AM
Devon Energy Corporation held its Q2 2026 earnings call covering financial results, operations and forward outlook. Quarterly earnings call supplies updated financial metrics and guidance that can shift near-term investor sentiment.

4 Aug

4 , 10:08 PM
Devon Energy reported $1.9 billion Q2 profit after completing merger with Coterra. Coterra merger combined with $1.9 billion quarterly profit signals major strategic expansion and earnings surge for Devon Energy.

3 , 5:17 PM
Devon Energy reports strong Q2 CY2026 results. Strong quarterly results point to improved financial performance.

3 , 12:32 PM
HXMX’s AI matches expert geoscientists in Williston Basin case study with Devon Energy. AI validation in geoscience supports potential efficiency gains for Devon operations in Williston Basin.

3 Aug

3 , 2:38 PM
Devon Energy stock breaks out powerfully amid a week of major energy sector earnings reports. Stock breakout signals short-term momentum that may lift sentiment without altering core operations or long-term trajectory.

15 Jul

3 , 5:10 AM
Truist analysts flag Devon Energy’s next earnings report as a potential turning point that could shift company trajectory and investor sentiment. Analyst note on upcoming earnings signals moderate potential to influence near-term stock movement and sentiment.

10 Jul

3 , 11:16 AM
Devon Energy earnings expectations upgraded with positive estimate revisions that point to stronger financial outlook and potential shareholder gains. Upgraded earnings estimates improve projected financial results and may lift market valuation of Devon Energy.

9 Jul

3 , 4:15 PM
Devon Energy (DVN) shares may be 31% undervalued based on valuation tied to Coterra notes exchange. Note exchange highlights potential mispricing that could influence near-term sentiment but leaves core operations unchanged.

26 Jun

3 , 11:07 AM
Comparison pits Devon Energy against Diamondback Energy to identify the stronger exploration and production investment. Direct peer comparison may sway short-term investor allocation between the two E&P names.

25 Jun

3 Simply Wall St., 4:08 AM
Toms Capital acquires top five stake in Devon Energy, introducing fresh activist pressure on the oil and gas producer. Activist stake often triggers operational reviews and strategy adjustments in energy producers.

23 Jun

4 Insider Monkey, 4:35 AM
Activist investor acquires major stake in Devon Energy (DVN). Activist stakes frequently trigger strategic shifts, cost initiatives or asset reviews that move share price and operations.

18 Jun

3 , 12:49 PM
Devon Energy's multi-basin assets are assessed for their ability to deliver sustained production growth over multiple years through operational scale and resource base. Devon's multi-basin holdings could moderately shape long-term output trajectory and investor views without signaling immediate major shifts.

17 Jun

4 , 11:15 PM
Devon Energy details 2026 production targets after completing its merger with Coterra. Merger-driven production guidance signals major operational scaling that will reshape output forecasts and valuation.

15 Jun

3 , 10:26 AM
Devon Energy outperformed its industry peers over the past year, prompting questions on whether to buy or hold the stock. Outperformance over the past year may moderately influence investor sentiment and short-term stock performance.

10 Jun

4 Simply Wall St., 5:06 AM
Devon Energy explores merger with Coterra and exit from Marcellus operations, potentially altering its investment narrative. Merger talks and Marcellus exit constitute major strategic moves likely to reshape company trajectory.

3 Insider Monkey, 10:08 PM
Devon Energy targets 70% shareholder returns as shares advance 5.7%. High return target signals notable but not transformative financial strategy shift.

9 Jun

4 Oilprice.com, 11:46 PM
Devon Energy Corporation targets $1 billion synergies after Coterra merger. Coterra merger with $1 billion targeted synergies represents major strategic move that can significantly boost Devon's financial performance and positioning.

3 GlobeNewswire, 4:55 PM
Devon Energy released an updated 2026 outlook with revised production targets, capital spending plans and financial projections. Updated 2026 guidance revises production and spending expectations that may shift near-term investor views without fundamentally changing company trajectory.