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DVN Overview

-
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
42.759
Open
40.780
VWAP
41.97
Vol
16.69M
Mkt Cap
48.92B
Low
40.745
Amount
700.53M
EV/EBITDA(TTM)
7.71
Total Shares
1.15B
EV
53.20B
EV/OCF(TTM)
8.69
P/S(TTM)
1.51
Devon Energy Corporation is an oil and gas producer in the United States with a diversified multi-basin portfolio headlined by an acreage position in the Delaware Basin. The Company is primarily engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). It owns a portfolio of assets located in the Delaware Basin, Rockies, Eagle Ford and Anadarko Basin. The Delaware Basin operates in southeast New Mexico and across the state line into west Texas. It offers exploration and development opportunities from many geologic reservoirs and play types, including the oil-rich Wolfcamp, Bone Spring, Avalon and Delaware formations. Its Rockies development consists of its Williston Basin and Powder River Basin assets. The Eagle Ford operations are located in Texas' DeWitt and Karnes counties. The Anadarko Basin development is located in western Oklahoma. It has a joint venture with Dow to develop a portion of its Anadarko Basin acreage.
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Events Timeline

(ET)
2026-06-17
16:30:00
Federal Reserve Keeps Rates Unchanged, Markets Close Lower
select
2026-06-17
07:30:00
Western Midstream Partners Launches Second Water Treatment Facility
select

News

NASDAQ.COM
6.5
07-04NASDAQ.COM
Analysis of Oil Price Volatility Post Middle East Conflict
  • Oil Price Impact: The geopolitical conflict in the Middle East caused a sharp rise in oil prices, which subsequently fell back to pre-conflict levels, highlighting the high volatility of the oil market, necessitating cautious investor strategies to protect assets.
  • Sustained Energy Demand: Despite the global shift towards cleaner energy, oil and gas remain crucial for the economy, with future demand expected to remain high, particularly as digitalization and economic development accelerate.
  • Financial Stability: ExxonMobil and Chevron have debt-to-equity ratios of 0.19 and 0.25, respectively, indicating strong financial health that allows them to leverage debt to support operations during market downturns, enhancing investor confidence.
  • Dividend Growth Potential: Despite oil price fluctuations, both ExxonMobil and Chevron have increased dividends for decades, with Chevron offering a 4.1% yield and ExxonMobil at 3%, appealing to income-focused investors.
Fool
8.5
07-04Fool
Oil Prices Fall Post-Middle East Conflict, Energy Stocks Remain Attractive
  • Oil Price Volatility: The geopolitical conflict in the Middle East caused a sharp rise in oil prices, but as tensions eased, prices have returned to pre-conflict levels, indicating concerns about industry fundamentals and potential for future increases.
  • Sustained Energy Demand: Despite a global shift towards cleaner energy, the conflict has reaffirmed the critical role of oil and natural gas in the world economy, with expectations for demand to remain steady or slightly higher in the future.
  • Diversification Advantages: ExxonMobil and Chevron, as two of the world's largest energy companies, benefit from integrated operations across production, transportation, and processing, allowing them to maintain stability amid price fluctuations, supported by low debt ratios.
  • Dividend Appeal: Both companies have increased dividends for decades despite oil volatility, with Chevron offering a 4.1% yield, making them attractive to income-focused investors and demonstrating resilience in uncertain markets.
Yahoo Finance
8.5
07-02Yahoo Finance
Devon Energy Successfully Completes Debt Exchange Offers
  • Debt Restructuring Success: Devon Energy announced the final results of its debt exchange offers for Coterra Energy's notes, with participation rates ranging from 65% to nearly 98%, indicating strong investor interest and effectively optimizing the company's capital structure.
  • New Debt Issuance: The new Devon notes will be issued as general unsecured obligations, ranking equally with existing unsecured and unsubordinated debt, enhancing financial flexibility and providing a stronger foundation for future capital operations.
  • Participation Eligibility Restrictions: The debt exchange was limited to eligible institutional buyers in the US and non-US persons, with specific requirements for Canadian holders, ensuring compliance and effectiveness of the transaction.
  • Capital Structure Optimization: By successfully completing the debt exchange, Devon Energy has effectively refinanced a significant portion of Coterra's existing debt, further streamlining its capital structure and laying the groundwork for future growth.
Yahoo Finance
2.0
06-27Yahoo Finance
Devon Energy Sells $52.7 Million WaterBridge Shares
  • Transaction Overview: Devon Energy indirectly sold 1,755,174 Class A shares of WaterBridge Infrastructure for approximately $52.7 million, based on a weighted average purchase price of $30.05 per share as disclosed in SEC Form 4, demonstrating the company's agility in capital management and market responsiveness.
  • Ownership Structure Analysis: The shares sold were entirely held indirectly through Devon Holdco, which continues to own 16 million Class B shares and an equivalent number of convertible units, ensuring that the company's economic interest in WaterBridge remains intact, reflecting confidence in future growth prospects.
  • Operational Outlook: WaterBridge recently raised its full-year guidance for produced water handling volumes to 2.525 million to 2.725 million barrels per day and increased its Adjusted EBITDA outlook to $425 million to $465 million, indicating strong operational momentum amid robust customer demand and a supportive exploration backdrop.
  • Strategic Development Plans: WaterBridge plans to join several Alerian energy indexes and is evaluating a conversion from an LLC to a Texas corporation to broaden its investor base and improve liquidity, showcasing the company's adaptability and forward-thinking in a changing market environment.
NASDAQ.COM
4.5
06-24NASDAQ.COM
U.S. Stocks Close Mixed as Chipmakers Weigh on Market
  • Mixed Market Performance: The S&P 500 index fell by 0.10% and the Nasdaq 100 index dropped by 0.43%, while the Dow Jones Industrial Average rose by 0.35%, indicating a divergence in market sentiment, particularly under pressure from chipmakers.
  • Chip Sector Pressure: Ahead of Micron Technology's earnings report, chipmakers saw declines, reflecting market concerns over AI infrastructure demand, despite Micron's stock rising over 260% this year, highlighting the volatility in tech stocks.
  • Oil Price Impact: WTI crude oil prices sank to a 3.5-month low, leading to a drop in bond yields, with the 10-year Treasury yield falling to 4.40%, benefiting sectors like homebuilders and airlines by enhancing profit outlooks amid lower fuel costs.
  • Decline in New Home Sales: U.S. May new home sales unexpectedly fell by 7.3% to 580,000 units, below the expected 640,000, indicating weakness in the housing market that could affect future economic growth expectations.
NASDAQ.COM
4.5
06-24NASDAQ.COM
US Stocks Rebound as Tech Shares Benefit from AI Demand
  • Market Rebound: The S&P 500 Index rose by 0.72%, the Dow Jones Industrial Average increased by 0.82%, and the Nasdaq 100 Index climbed by 0.50%, indicating a recovery from Tuesday's sharp selloff as investors look to Micron Technology's earnings report to assess AI market performance.
  • Micron Technology Gains: Micron's stock has surged over 260% this year, positioning the company as a major beneficiary of the soaring demand for AI infrastructure, which has attracted significant investor interest and reflects its strong market position.
  • Housing Bill Impact: The passage of the 21st Century Road to Housing Act by Congress has led to gains for homebuilders and building suppliers, with KB Home and Builders Firstsource rising over 16% and 11% respectively, highlighting the positive impact of policy support on the industry.
  • Crude Oil Price Drop: WTI crude oil prices fell more than 4% to a 3.5-month low, lowering inflation expectations and boosting stock markets, particularly benefiting airline and cruise line stocks due to reduced fuel costs, demonstrating the influence of energy market fluctuations on the broader economy.
Wall Street analysts forecast DVN stock price to rise
20 Analyst Rating
Wall Street analysts forecast DVN stock price to rise
18 Buy
2 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
41.00
Averages
45.53
High
55.00
Current: 0.000
sliders
Low
41.00
Averages
45.53
High
55.00
Morgan Stanley
Overweight
downgrade
$66 -> $63
AI Analysis
2026-06-29
Reason
Morgan Stanley
Price Target
$66 -> $63
AI Analysis
2026-06-29
downgrade
Overweight
Reason
Morgan Stanley lowered the firm's price target on Devon Energy to $63 from $66 and keeps an Overweight rating on the shares. Since the U.S. and Iran announced a memorandum of understanding on June 14, oil prices have declined and WTI now sits only slightly above pre-conflict levels, notes the analyst, who refreshed estimates for the latest energy prices.
Goldman Sachs
Neil Mehta
initiated
$54
2026-06-23
Reason
Goldman Sachs
Neil Mehta
Price Target
$54
2026-06-23
initiated
Reason
Goldman Sachs analyst Neil Mehta reinstated coverage of Devon Energy with a Buy rating and $54 price target. The firm is positive on the company's focus on optimizing its Delaware Basin asset, the management's outlook to capture $1.0b in run rate merger synergies by 2027-end, its updated return of capital framework to return up to 70% of free cash flow to shareholders and the stock's compelling valuation, with shares trading at a 15% free cash flow yield relative to large cap peer average of 11%, the analyst tells investors in a research note.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for DVN
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Valuation Metrics

The current forward P/E ratio for Devon Energy Corp (DVN.N) is 7.65, compared to its 5-year average forward P/E of 8.10. For a more detailed relative valuation and DCF analysis to assess Devon Energy Corp's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
8.10
Current PE
7.65
Overvalued PE
9.45
Undervalued PE
6.76

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
4.66
Current EV/EBITDA
9.57
Overvalued EV/EBITDA
5.88
Undervalued EV/EBITDA
3.43

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
1.85
Current PS
1.61
Overvalued PS
2.30
Undervalued PS
1.41

Financials

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Whales Holding DVN

S
Shapiro Capital Management LLC
Holding
DVN
+21.85%
3M Return
V
Vinva Investment Management Limited
Holding
DVN
+9.50%
3M Return
P
PanAgora Asset Management, Inc.
Holding
DVN
+9.15%
3M Return
T
Thrivent Investment Management, Inc.
Holding
DVN
+8.58%
3M Return
G
Grandfield & Dodd, LLC
Holding
DVN
+6.69%
3M Return
F
Fuller & Thaler Asset Management, Inc.
Holding
DVN
+6.36%
3M Return

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Frequently Asked Questions

What is Devon Energy Corp (DVN) stock price today?

The current price of DVN is 42.41 USD — it has increased 5.08

What is Devon Energy Corp (DVN)'s business?

Devon Energy Corporation is an oil and gas producer in the United States with a diversified multi-basin portfolio headlined by an acreage position in the Delaware Basin. The Company is primarily engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). It owns a portfolio of assets located in the Delaware Basin, Rockies, Eagle Ford and Anadarko Basin. The Delaware Basin operates in southeast New Mexico and across the state line into west Texas. It offers exploration and development opportunities from many geologic reservoirs and play types, including the oil-rich Wolfcamp, Bone Spring, Avalon and Delaware formations. Its Rockies development consists of its Williston Basin and Powder River Basin assets. The Eagle Ford operations are located in Texas' DeWitt and Karnes counties. The Anadarko Basin development is located in western Oklahoma. It has a joint venture with Dow to develop a portion of its Anadarko Basin acreage.

What is the price predicton of DVN Stock?

Wall Street analysts forecast DVN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DVN is45.53 USD with a low forecast of 41.00 USD and a high forecast of 55.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Devon Energy Corp (DVN)'s revenue for the last quarter?

Devon Energy Corp revenue for the last quarter amounts to 4.51B USD, decreased -0.92

What is Devon Energy Corp (DVN)'s earnings per share (EPS) for the last quarter?

Devon Energy Corp. EPS for the last quarter amounts to 0.19 USD, decreased -75.32

How many employees does Devon Energy Corp (DVN). have?

Devon Energy Corp (DVN) has 2200 emplpoyees as of July 07 2026.

What is Devon Energy Corp (DVN) market cap?

Today DVN has the market capitalization of 48.92B USD.