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DVN Overview

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$
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

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High
49.820
Open
49.100
VWAP
48.68
Vol
18.75M
Mkt Cap
30.13B
Low
47.640
Amount
912.63M
EV/EBITDA(TTM)
5.43
Total Shares
620.00M
EV
38.30B
EV/OCF(TTM)
5.71
P/S(TTM)
1.90
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

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News

Fool
9.5
04-01Fool
Middle East Conflict Drives Up Energy Prices
  • Energy Companies Benefit: The geopolitical conflict in the Middle East has disrupted global energy markets, driving up oil and gas prices, with companies like Diamondback Energy, Devon Energy, and Chevron expected to see sustained benefits and enhanced profitability through 2026.
  • Diamondback Growth Potential: Diamondback Energy anticipates a 9% increase in oil production per share in 2025, followed by another 4% in 2026, and with rising West Texas Intermediate prices, its robust production capabilities are set to drive significant earnings growth.
  • Devon Acquisition Impact: Devon Energy plans to complete its acquisition of Coterra Energy in Q2 2026; although the deal was struck before the dramatic price increases, it is expected to positively influence 2026 performance, enhancing market expectations.
  • Chevron's Stability: Chevron operates across upstream, midstream, and downstream sectors, which may limit its upside during price surges, yet its 3.3% dividend yield and consistent dividend growth make it an attractive choice for long-term investors.
NASDAQ.COM
9.5
04-01NASDAQ.COM
Middle East Conflict Boosts Energy Stocks
  • Oil Price Surge: The geopolitical conflict in the Middle East is expected to drive strong earnings for Diamondback Energy and Devon Energy in 2026, as both companies' production assets remain unaffected, allowing them to fully capitalize on rising energy prices amidst high oil price expectations.
  • Diamondback Production Growth: Diamondback Energy anticipates a 4% increase in oil production per share in 2026, following a 9% rise in 2025, setting the stage for robust earnings, particularly as West Texas Intermediate crude prices continue to rise.
  • Devon Acquisition Impact: Devon Energy's recent agreement to acquire competitor Coterra Energy, expected to close in Q2 2026, was made before the dramatic oil price increases, but the acquisition's positive impact on 2026 earnings may exceed initial expectations.
  • Chevron's Steady Choice: As a diversified energy giant, Chevron operates across upstream, midstream, and downstream sectors, which may limit its upside during oil price surges; however, its 3.3% dividend yield and history of annual increases make it an attractive option for conservative investors, with strong performance anticipated in 2026.
NASDAQ.COM
4.5
04-01NASDAQ.COM
US Stocks Close Higher Amid Optimism Over Middle East Conflict Resolution
  • Market Rally: The S&P 500 rose by 0.72%, the Dow Jones increased by 0.48%, and the Nasdaq 100 climbed by 1.18%, reflecting growing investor optimism regarding a potential resolution to the Middle East conflict, which has bolstered market confidence.
  • Strong Economic Data: The US ADP employment change for March increased by 62,000, surpassing expectations of 40,000, while February retail sales rose by 0.6% month-over-month, indicating robust economic recovery that could influence Federal Reserve policy decisions.
  • Interest Rate Expectations: Despite positive economic indicators, hawkish comments from St. Louis Fed President raised concerns about inflation and employment, leading to a mere 1% chance of a 25 basis point rate hike at the upcoming April FOMC meeting, reflecting cautious market sentiment.
  • Divergent Stock Performances: Target Hospitality surged over 36% after securing a multi-year contract worth over $550 million, while Nike fell more than 15% due to revenue forecasts indicating a decline, highlighting the market's varied outlook on different companies' futures.
NASDAQ.COM
4.5
04-01NASDAQ.COM
US Stocks Rise on Optimism Over Middle East Conflict Resolution
  • Market Rally: The S&P 500 Index rose by 0.97%, the Dow Jones Industrial Average by 0.86%, and the Nasdaq 100 by 1.45%, reflecting growing investor confidence amid optimism that the Middle East conflict may soon conclude, which could stabilize global markets.
  • Strong Economic Data: The US ADP employment change for March increased by 62,000, surpassing expectations of 40,000, while February retail sales rose by 0.6% month-over-month, indicating robust economic recovery that may influence Federal Reserve policy decisions.
  • Interest Rate Outlook: Despite a mere 1% chance of a 25 basis point rate hike at the upcoming FOMC meeting, hawkish comments from St. Louis Fed President raised concerns about inflation and employment risks, potentially affecting investor sentiment and market dynamics.
  • Divergent Stock Performances: Target Hospitality surged by over 37% after securing a multi-year contract worth over $550 million, while Nike fell by more than 13% due to revenue forecasts indicating a decline, highlighting varied market reactions to company-specific news.
Fool
8.5
04-01Fool
Investment Protection Strategies Amid Persian Gulf Conflict
  • Oil and Gas Stock Opportunities: Amid the ongoing conflict in the Persian Gulf, companies like Devon Energy and Diamondback Energy, focused on U.S. oil production, present attractive investment options due to rising oil prices, especially considering pre-conflict price levels, making them ideal for risk management.
  • Refining Sector Benefits: With the 3-2-1 crack spread soaring from $20 at the start of the year to $54, refining companies like Valero Energy and PBF Energy are set to benefit from this trend, provided that demand for transportation products does not suffer due to high prices.
  • LNG Supply Gap: The International Energy Agency notes that 34% of global crude oil trade and 20% of LNG trade pass through the Strait of Hormuz, with companies like Woodside Energy and Cheniere Energy positioned to fill the supply gap created by the blockade, particularly for Asian markets.
  • Shipping and Fertilizer Sector Outlook: Flex LNG is poised to benefit from increased LNG shipping demand, while CF Industries, as a U.S.-focused fertilizer producer, will leverage its manufacturing facilities in the West and U.S. gas supply to fill the global fertilizer flow gap.
NASDAQ.COM
7.5
04-01NASDAQ.COM
Oil and Gas Sector Benefits from Supply Chain Disruptions
  • Supply Chain Impact: Ongoing conflicts in the Persian Gulf are likely to benefit oil, LNG, refining, shipping, and fertilizer companies, particularly U.S. producers and exporters, who are expected to outperform due to supply chain shifts.
  • Widening Crack Spread: The 3-2-1 crack spread has surged from under $20 at the start of the year to over $54, which is advantageous for refiners like Valero Energy and PBF Energy, who are likely to continue outperforming the market in a high-price environment.
  • LNG Supply Gap Filling: Companies like Woodside Energy, Cheniere Energy, and Equinor are positioned to fill the LNG supply gap created by the Strait blockade, with Cheniere expanding its export capacity expected to ramp up production imminently.
  • Fertilizer Producers Benefit: Approximately one-third of global seaborne fertilizer flows through the Strait of Hormuz, and U.S.-focused CF Industries will benefit from its manufacturing facilities in the West and access to domestic gas supplies, enhancing its market competitiveness.
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
Citi
Buy
maintain
$44 -> $60
AI Analysis
2026-03-29
New
Reason
Citi
Price Target
$44 -> $60
AI Analysis
2026-03-29
New
maintain
Buy
Reason
Citi raised the firm's price target on Devon Energy to $60 from $44 and keeps a Buy rating on the shares. Citi updated models in the oil exploration and production group to reflect its higher oil price forecasts.
Morgan Stanley
Overweight
maintain
$46 -> $59
2026-03-27
Reason
Morgan Stanley
Price Target
$46 -> $59
2026-03-27
maintain
Overweight
Reason
Morgan Stanley raised the firm's price target on Devon Energy to $59 from $46 and keeps an Overweight rating on the shares. Oil, LNG and refining margins have hit their highest levels since 2022 and even with de-escalation in Iran, it is becoming less likely that these markets can revert to their prior regime anytime soon, the analyst tells investors. The firm updated its price deck, increasing its 2026 WTI benchmark by 44%, NGLs by 40%, and cracks by 35%, while noting that its EBITDA estimates across its North America energy coverage are rising by about 40% for 2026 and 23% in 2027 on average.
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 8.04, compared to its 5-year average forward P/E of 8.05. 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
8.05
Current PE
8.04
Overvalued PE
9.34
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
4.43
Current EV/EBITDA
4.98
Overvalued EV/EBITDA
5.00
Undervalued EV/EBITDA
3.87

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
1.87
Current PS
1.41
Overvalued PS
2.32
Undervalued PS
1.43

Financials

AI Analysis
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Whales Holding DVN

E
EnCap Investments L.P.
Holding
DVN
+29.43%
3M Return
P
Peconic Partners LLC
Holding
DVN
+18.24%
3M Return
A
Aventail Capital Group, LP
Holding
DVN
+13.70%
3M Return
F
Fuller & Thaler Asset Management, Inc.
Holding
DVN
+13.36%
3M Return
P
Pacer Advisors, Inc.
Holding
DVN
+8.40%
3M Return
P
Pacific Heights Asset Management, LLC
Holding
DVN
+5.85%
3M Return

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Frequently Asked Questions

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

The current price of DVN is 48.59 USD — it has decreased -3.44

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 3.94B USD, decreased -12.26

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 0.90 USD, decreased -8.16

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

Devon Energy Corp (DVN) has 2200 emplpoyees as of April 02 2026.

What is Devon Energy Corp (DVN) market cap?

Today DVN has the market capitalization of 30.13B USD.