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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
42.320
Open
42.150
VWAP
41.99
Vol
37.59M
Mkt Cap
48.58B
Low
41.520
Amount
1.58B
EV/EBITDA(TTM)
8.00
Total Shares
1.15B
EV
55.23B
EV/OCF(TTM)
9.02
P/S(TTM)
1.57
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)
2026-06-17
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

Fool
4.0
06-20Fool
Impact of Middle East Conflict on Energy Market
  • Current Energy Market: The closure of the Strait of Hormuz has led to a tight supply of oil and natural gas globally, with expectations that Brent crude prices will fall back to $60 per barrel by 2027, although this may involve significant price fluctuations along the way.
  • Strategic Reserve Crisis: The U.S. strategic oil reserve is nearing its lowest levels since 1983, necessitating replenishment, which highlights the tense situation in the global energy market and could lead to price increases in the future.
  • Market Structural Changes: The UAE's exit from OPEC has lifted production limits, while the U.S. has ramped up exports, increasing global interest in energy security, factors that will reshape future oil movement patterns and may lead to heightened price volatility.
  • Investment Strategy Recommendation: Investors are advised to maintain some exposure to the energy sector, particularly by choosing energy giants like ExxonMobil and Chevron, whose global asset distribution and strong financial positions can help mitigate market fluctuations.
NASDAQ.COM
2.0
06-20NASDAQ.COM
Middle East Conflict Drives Oil Prices Higher
  • Market Volatility Ahead: The geopolitical conflict in the Middle East has driven oil prices up, yet it is anticipated that Brent crude will fall back to around $60 per barrel by 2027, indicating that market fundamentals will soon dictate price movements.
  • Strategic Reserve Crisis: The U.S. strategic oil reserve is nearing levels not seen since 1983, highlighting the pressure on global oil and gas supply chains and the urgent need to replenish reserves to meet future demand fluctuations.
  • Changes Outside OPEC: The UAE's exit from OPEC has lifted production limits, coupled with increased U.S. exports, signaling fundamental shifts in the global energy market that could lead to greater oil and gas supply in the future, thereby impacting prices.
  • Investment Strategy Shift: While investors should consider exposure to the energy sector, a conservative approach is advisable, with energy giants like ExxonMobil and Chevron being ideal choices due to their global asset distribution and robust financial health, making them well-suited to navigate market volatility.
NASDAQ.COM
4.5
06-18NASDAQ.COM
US Stocks Rise on US-Iran Peace Deal Optimism
  • Market Rally: The S&P 500 rose 1.08%, the Dow Jones increased by 0.14%, and the Nasdaq 100 surged 2.48% as optimism over the US-Iran peace deal eased inflation risks, reflecting a positive market sentiment.
  • Chip Sector Surge: Intel's stock jumped over 10% after President Trump announced a partnership with Apple to design and produce semiconductors domestically, leading the iShares Semiconductor ETF to rise more than 7%, indicating strong momentum in the tech sector.
  • Energy Stocks Weaken: WTI crude oil prices fell to a 3.5-month low, causing significant declines in energy stocks, with SLB, ConocoPhillips, and Halliburton dropping over 3%, highlighting concerns over energy price volatility.
  • Supportive Economic Data: Initial jobless claims fell to 226,000, close to the expected 225,000, indicating labor market strength, while the Philadelphia Fed business outlook index rose to 10.3, surpassing expectations, further boosting investor confidence.
Newsfilter
8.5
06-17Newsfilter
TOMS Capital Acquires Stake in Devon Energy, Pressures for Asset Sales
  • Investor Stake Increase: TOMS Capital Investment Management has acquired a significant stake in Devon Energy (DVN.N), urging the company to sell assets or consider a sale, indicating strong interest in Devon's future strategy.
  • Post-Merger Strategy: Following its $58 billion merger with Coterra Energy, Devon is reassessing its core assets in the Permian Basin in Texas and New Mexico, planning to optimize its portfolio to enhance company value.
  • Market Reaction: Devon's stock has risen approximately 17% in 2026, despite investor concerns regarding post-merger business integration, reflecting cautious optimism about its future potential.
  • Management Engagement: TOMS Capital has recently engaged with Devon's management to push for faster asset sales, although the difficulty of putting the company up for sale post-merger indicates its influence within the industry.
seekingalpha
8.5
06-17seekingalpha
Toms Capital Becomes One of Devon Energy's Top Five Investors
  • Investor Shift: U.S.-based hedge fund Toms Capital Investment Management, backed by Ken Griffin's Citadel, has become one of Devon Energy's top five investors, indicating strong confidence in the company.
  • Merger Integration Pressure: Devon Energy's recent merger with Coterra Energy has positioned it as one of the largest independent oil producers in the Permian Basin, yet it faces pressure from activist investor Kimmeridge Energy Management to enhance operational performance and consider asset sales.
  • Market Reaction: Although Devon Energy's shares have risen 12% year-to-date, they have edged lower since the completion of the Coterra merger, reflecting market concerns regarding its integration capabilities.
  • Industry Consolidation Trend: Exxon Mobil and Chevron have completed their mergers with Pioneer Natural Resources and Hess, respectively, leading analysts to speculate that they may be eyeing new acquisition targets, indicating that the trend of consolidation in the oil and gas industry is ongoing.
NASDAQ.COM
4.5
06-16NASDAQ.COM
U.S. Stocks Close Mixed: Dow Hits All-Time High
  • Dow Hits All-Time High: The Dow Jones Industrial Average rose by 0.64%, reaching a new all-time high, reflecting investor confidence in economic recovery, despite mixed overall market performance indicating divergent views among investors on various sectors.
  • Chip Stocks Decline: With Marvell Technology and Intel falling over 9% and 8% respectively, the weakness in chipmakers weighed on the broader market, suggesting that the pressure on tech stocks may impact future investment sentiment.
  • Weak Housing Data: U.S. May housing starts fell 15.4% month-over-month to a six-year low of 1.177 million, below expectations of 1.430 million, indicating that the weakness in the housing market could pose challenges to economic growth.
  • Oil Prices Plummet: WTI crude oil prices dropped more than 5% to a 3.5-month low due to the U.S.-Iran agreement to reopen the Strait of Hormuz, enhancing expectations for a revival in oil supplies, which may affect the performance of energy stocks.
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
Raymond James
Strong Buy
to
Strong Buy
downgrade
$72 -> $66
AI Analysis
2026-06-15
Reason
Raymond James
Price Target
$72 -> $66
AI Analysis
2026-06-15
downgrade
Strong Buy
to
Strong Buy
Reason
Raymond James lowered the firm's price target on Devon Energy to $66 from $72 and keeps a Strong Buy rating on the shares. The updated guidance was roughly in-line with previous estimates, and the market's attention is squarely focused on upcoming portfolio rationalization, which serves as the next major catalyst to help narrow the valuation gap to peers, the analyst tells investors in a research note.
Truist
Gabe Daoud
Buy
maintain
$63 -> $66
2026-06-01
Reason
Truist
Gabe Daoud
Price Target
$63 -> $66
2026-06-01
maintain
Buy
Reason
Truist analyst Gabe Daoud raised the firm's price target on Devon Energy to $66 from $63 and keeps a Buy rating on the shares. The firm is citing the Reuters report suggesting Devon received an $8B offer for its Marcellus asset, also stating that expectations had increased for a divestiture to materialize rather quickly post merger close given a hot ABS market and a generally supportive asset market, 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 7.96, compared to its 5-year average forward P/E of 8.11. 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
8.11
Current PE
7.96
Overvalued PE
9.46
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
4.61
Current EV/EBITDA
9.93
Overvalued EV/EBITDA
5.73
Undervalued EV/EBITDA
3.48

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
1.68
Overvalued PS
2.30
Undervalued PS
1.41

Financials

AI Analysis
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Whales Holding DVN

P
Peconic Partners LLC
Holding
DVN
+25.63%
3M Return
S
Shapiro Capital Management LLC
Holding
DVN
+22.47%
3M Return
V
Vinva Investment Management Limited
Holding
DVN
+13.80%
3M Return
W
Weiss Asset Management, LLC
Holding
DVN
+13.44%
3M Return
F
Fuller & Thaler Asset Management, Inc.
Holding
DVN
+13.42%
3M Return
T
Thrivent Investment Management, Inc.
Holding
DVN
+12.63%
3M Return

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Frequently Asked Questions

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

The current price of DVN is 42.12 USD — it has decreased -1.08

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 June 21 2026.

What is Devon Energy Corp (DVN) market cap?

Today DVN has the market capitalization of 48.58B USD.