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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

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High
46.990
Open
46.410
VWAP
46.64
Vol
16.32M
Mkt Cap
53.88B
Low
46.200
Amount
761.04M
EV/EBITDA(TTM)
8.58
Total Shares
1.15B
EV
59.24B
EV/OCF(TTM)
9.67
P/S(TTM)
1.71
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.
Show More

Events Timeline

(ET)
2026-05-08
07:40:00
Company Approves $8 Billion Share Repurchase Plan
select
2026-05-08
07:40:00
Dividend Payable on June 30, 2026
select
2026-05-05 (ET)
2026-05-05
16:20:00
Devon Energy Expects Q2 2026 Production of 851,000 to 868,000 Boe per Day
select
2026-05-05
16:20:00
Devon Energy Exceeds Guidance, Achieves $1 Billion Optimization Target Ahead of Schedule
select
2026-05-04 (ET)
2026-05-04
17:10:00
Devon Energy and Coterra Energy Merger Approved by Shareholders
select

News

Fool
7.5
04:06 AMFool
Middle East Conflict Causes Global Oil Shortage
  • Global Oil Shortage: Shell CEO Wael Sawan reports a global oil shortage of 1 billion barrels due to geopolitical conflicts in the Middle East, with recovery expected to take months, leading to sustained high energy prices that will impact the global market.
  • Rising Energy Prices: Elevated oil prices will benefit integrated energy giants like Shell, ExxonMobil, and Chevron, with Chevron's 3.9% dividend yield surpassing both Shell and Exxon, demonstrating its stability throughout the energy cycle.
  • Opportunities in U.S. Upstream Companies: Companies like Diamondback Energy and Devon Energy, focused solely on oil and gas production, estimate free cash flow yields of 15% at $90 per barrel oil, with Devon projecting a yield of 21% at $110 per barrel, highlighting their potential profitability.
  • Market Volatility: While the Middle East conflict raises concerns, the inherent volatility of energy markets remains unchanged, prompting investors to choose strategies based on risk tolerance, with long-term investors favoring Chevron and short-term traders considering Diamondback and Devon Energy.
CNBC
2.0
05-11CNBC
Trade Desk Downgrade Leads to Stock Plunge
  • Trade Desk Downgrade: The stock of Trade Desk fell nearly 7% after HSBC downgraded its rating from hold to reduce and slashed the price target from $31 to $20, indicating about a 13% downside, marking the company's fourth consecutive negative trading day.
  • Corning Stock Surge: Corning's shares jumped 10% after Nvidia announced a $3.2 billion investment and a partnership to open three new manufacturing plants, leading to its inclusion in Bank of America's U.S. 1 List, reflecting strong market confidence in its growth prospects.
  • Wendy's Rating Cut: JPMorgan downgraded Wendy's from neutral to underweight with a new price target of $6, implying an 18% downside, primarily due to a continued decline in U.S. same-store sales trends and uncertainty about the company's future, resulting in a 6% drop in stock price.
  • Circle Internet Group Mixed Results: Circle's stock rose 15% after reporting earnings per share of 21 cents, beating expectations, although its revenue of $694 million fell short of the $722 million forecast, while successfully raising $222 million from various institutions, indicating market confidence in its stablecoin.
CNBC
9.5
05-11CNBC
Moderna Vaccine Development Boosts Stock Price
  • Moderna Vaccine Progress: Moderna's stock surged nearly 9% after a U.S. citizen tested positive for hantavirus, with the company announcing last week its early-stage development of a vaccine, highlighting its innovative capabilities and market potential in biotechnology.
  • Lumentum Joins Nasdaq 100: Lumentum's shares rose nearly 5% as it prepares to replace CoStar in the Nasdaq 100 index on May 18, a move that will enhance its market visibility and attract more investor interest.
  • Monday.com Earnings Beat: Monday.com shares soared 26% after reporting a 24% year-over-year revenue increase to $351.3 million in its first-quarter earnings, exceeding analyst expectations of $339.1 million, indicating the successful launch of its AI platform driving business growth.
  • Constellation Energy Strong Performance: Constellation Energy's stock rose 1% following its first-quarter revenue of $11.12 billion, significantly surpassing the $8.46 billion expected by analysts, with adjusted earnings per share at $2.74, showcasing the company's robust performance in the clean energy sector.
Fool
6.5
05-11Fool
Shell CEO Warns of Oil Supply/Demand Imbalance
  • Global Oil Shortage: Shell CEO Wael Sawan warns of a current shortfall of 1 billion barrels of oil, a sentiment echoed by Halliburton CEO Jeffrey Miller, indicating that this shortage will exacerbate rising oil prices and impact global economic stability.
  • Consensus Among Executives: CEOs from Chevron and ExxonMobil agree that it will take months to rectify the growing supply-demand imbalance, highlighting the profound effects of current geopolitical conflicts on the oil market, which necessitates cautious investor strategies.
  • Dividend Performance Discrepancy: While Shell offers a dividend yield of 3.4%, Chevron and Exxon have a stronger track record of dividend growth at 3.9% and 2.8% respectively, making them more attractive for long-term investors seeking stability.
  • Investment Strategy Recommendation: For long-term investors, Chevron is viewed as the most appealing option among integrated energy giants, particularly as oil prices are expected to decline, providing reliable dividend income and mitigating investment risks.
NASDAQ.COM
4.0
05-11NASDAQ.COM
Middle East Conflict Causes Global Oil Shortage
  • Global Oil Shortage: The closure of the Strait of Hormuz due to the Middle East conflict has resulted in a shortage of 1 billion barrels of oil, with Shell CEO Wael Sawan and Halliburton CEO Jeffrey Miller sounding alarms about the ongoing supply/demand imbalance that is expected to last for months, impacting global energy market stability.
  • Industry Response: CEOs of Chevron and ExxonMobil concur that it will take months to rectify the supply/demand imbalance once the conflict ends, indicating that the oil supply shortfall will worsen in the interim, potentially leading to increased volatility in oil prices.
  • Investment Strategy: In the current high oil price environment, investors are advised to focus on integrated energy giants like Shell, Chevron, and Exxon, noting that while Shell cut its dividend in 2020, Chevron and Exxon have consistently increased theirs, demonstrating stronger financial stability.
  • Dividend Yield Comparison: Currently, Chevron offers a dividend yield of 3.9%, Exxon at 2.8%, and Shell at 3.4%, making Chevron the most attractive option among integrated majors for long-term investors, especially as oil prices are expected to decline, providing reliable dividend income.
seekingalpha
6.0
05-09seekingalpha
S&P 500 Rises on Strong Jobs Report
  • Palantir Upgrade: Palantir Technologies (PLTR) was upgraded to Buy by Argus following a stellar Q1 report, with analysts noting that its core U.S. government business is reaccelerating and expansion into the commercial market will be a key growth driver in the coming years.
  • GlobalFoundries Positive Outlook: GlobalFoundries (GFS) received a Positive upgrade from Susquehanna after reporting better-than-expected results, with the price target raised from $50 to $100, as analysts forecast a 35% CAGR for communication infrastructure revenue from 2025 to 2028.
  • Devon Energy Strategic Options: Devon Energy (DVN) was upgraded to Strong Buy by Raymond James, with the price target increased to $72, as analysts believe the company has multiple strategic options to narrow its valuation gap with peers, including potential asset sales and business optimization.
  • Fastly Performance Improvement: Fastly (FSLY) was upgraded by Raymond James after reporting first-quarter results, with analysts highlighting an inflection in operational performance and expected benefits from increased demand for network capabilities and related security products.
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
Jefferies
Hold
to
Buy
upgrade
$53 -> $62
AI Analysis
2026-05-07
New
Reason
Jefferies
Price Target
$53 -> $62
AI Analysis
2026-05-07
New
upgrade
Hold
to
Buy
Reason
Jefferies upgraded Devon Energy to Buy from Hold with a price target of $62, up from $53. Pullbacks in the front of the oil curve create opportunity, and Devon has multiple catalysts for absolute and relative outperformance post-Coterra merger close, though attracting long-only capital requires clearer focus on durable core assets, the analyst tells investors in a research note. Divesting non-core, particularly the Marcellus, could eliminate debt and boost returns, the firm added.
Raymond James
John Freeman
initiated
2026-05-06
Reason
Raymond James
John Freeman
Price Target
2026-05-06
initiated
Reason
Raymond James analyst John Freeman added Devon Energy to the firm's Analyst Current Favorites list. The list contains the current favorite stock ideas from the firm's equity analysts. An analyst may only have one "buy" idea on the list at any given time.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for DVN
Unlock Now

Valuation Metrics

The current forward P/E ratio for Devon Energy Corp (DVN.N) is 8.61, compared to its 5-year average forward P/E of 8.12. 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
8.12
Current PE
8.61
Overvalued PE
9.48
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
4.46
Current EV/EBITDA
11.18
Overvalued EV/EBITDA
5.05
Undervalued EV/EBITDA
3.88

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
1.86
Current PS
2.10
Overvalued PS
2.31
Undervalued PS
1.42

Financials

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Whales Holding DVN

W
Weiss Asset Management, LLC
Holding
DVN
+12.30%
3M Return
V
Vinva Investment Management Limited
Holding
DVN
+10.74%
3M Return
E
EnCap Investments L.P.
Holding
DVN
+9.53%
3M Return
T
Thrivent Investment Management, Inc.
Holding
DVN
+8.95%
3M Return
T
Trexquant Investment LP
Holding
DVN
+8.88%
3M Return
P
PanAgora Asset Management, Inc.
Holding
DVN
+6.76%
3M Return

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Frequently Asked Questions

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

The current price of DVN is 46.73 USD — it has increased 2.46

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 May 12 2026.

What is Devon Energy Corp (DVN) market cap?

Today DVN has the market capitalization of 53.88B USD.