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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
47.080
Open
45.595
VWAP
46.53
Vol
4.86M
Mkt Cap
51.31B
Low
45.480
Amount
226.03M
EV/EBITDA(TTM)
8.40
Total Shares
1.15B
EV
57.97B
EV/OCF(TTM)
9.46
P/S(TTM)
1.66
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)
2026-05-29
16:00:00
Devon Energy Receives Approximately $8B Acquisition Offer
select
2026-05-21 (ET)
2026-05-21
07:00:00
Devon Energy Acquires 16,300 Acres in New Mexico for $2.6B
select
2026-05-08 (ET)
2026-05-08
07:40:00
Dividend Payable on June 30, 2026
select
2026-05-08
07:40:00
Company Approves $8 Billion Share Repurchase Plan
select

News

Yahoo Finance
8.5
03:04 AMYahoo Finance
PinnedDevon Energy Receives $8 Billion Offer for Marcellus Shale Assets
  • Acquisition Proposal: Devon Energy Corporation has received an almost $8 billion acquisition offer from Stone Ridge Asset Management for its Marcellus shale assets in Pennsylvania, although no decision has been made yet, indicating strong market interest in its assets.
  • Merger Completion: The $58 billion merger between Devon Energy and Coterra Energy was completed earlier this month, positioning the combined entity as one of the largest independent oil and gas producers in the U.S., thereby strengthening its market presence in the Permian Basin of Texas and New Mexico.
  • Expansion Strategy: Devon emerged as the largest buyer in the federal oil and gas drilling rights sale on May 20, spending $2.5 billion out of a record $4 billion total, showcasing its strong purchasing power and intent to expand in the market.
  • Investment Potential: While Devon Energy shows investment potential, analysts suggest that certain AI stocks may offer greater upside potential and lower downside risk, prompting investors to consider opportunities in other sectors.
NASDAQ.COM
4.5
05-31NASDAQ.COM
S&P 500 Future Outlook and Performance Insights
  • Historical Performance Review: Over the past 20 years, the S&P 500 has achieved an annual return of 9.3% excluding dividends, while the total return including dividends reached 768%, demonstrating its strong position as a benchmark for the U.S. stock market.
  • Future Growth Expectations: Wall Street analysts project a 25% increase in earnings for S&P 500 companies in 2026, up from 14% in 2025, primarily driven by robust spending on artificial intelligence infrastructure and corporate tax breaks.
  • Market Risk Factors: While strong earnings growth is expected to drive the S&P 500 higher, economic uncertainties stemming from the Iran conflict and potential interest rate hikes could negatively impact the stock market, necessitating cautious investor strategies.
  • Investment Recommendations: When considering investments in the S&P 500 index, investors should also explore other potential stocks, as the Motley Fool analyst team has identified 10 stocks that could yield significant returns in the coming years, highlighting diverse investment opportunities in the market.
Fool
8.5
05-31Fool
S&P 500 Index Outlook for the Future
  • Historical Performance: Over the past 20 years, the S&P 500 has delivered an annual return of 9.3% excluding dividends, underscoring its reliability as a benchmark for the U.S. stock market.
  • Component Changes: In April 2026, Veeva Systems replaced Coterra Energy in the S&P 500 following its acquisition by Devon Energy, illustrating the impact of market dynamics and M&A activity on index composition.
  • Future Earnings Expectations: Wall Street analysts project a 25% increase in S&P 500 company earnings for 2026, driven by robust spending on artificial intelligence infrastructure and corporate tax breaks, indicating strong growth potential.
  • Economic Uncertainty: While analysts are optimistic about the S&P 500's future performance, the economic uncertainty stemming from the Iran conflict and potential interest rate hikes could negatively impact the stock market, prompting investors to proceed with caution.
Newsfilter
8.5
05-29Newsfilter
Devon Energy Receives $8 Billion Acquisition Offer
  • Acquisition Proposal Overview: Stone Ridge Asset Management has made an approximately $8 billion offer for Devon Energy's Marcellus shale assets, aiming to initiate negotiations, although Devon has yet to decide on the future strategy for its natural gas assets.
  • Securitization Innovation: The proposal from Stone Ridge includes utilizing the largest asset-backed securitization (ABS) in the U.S. oil and gas industry, pledging future oil and gas production revenues as collateral to lower borrowing costs, appealing to financial investors seeking steady returns.
  • Devon's Strategic Adjustment: Following its merger with Coterra, Devon's management has indicated a focus on optimizing its business by reviewing all assets to enhance shareholder value, with plans to unveil new financial guidance in mid-June, reflecting its emphasis on asset allocation.
  • Market Outlook and Challenges: The Marcellus assets are expected to account for about 20% of Devon's projected production of 1.6 million barrels of oil equivalent per day by 2026, with the Delaware region at 53%, indicating Devon's challenge in balancing growth with investor expectations.
seekingalpha
8.5
05-29seekingalpha
Devon Energy Receives $8B Acquisition Proposal
  • Acquisition Proposal: Devon Energy (DVN) has received an approximately $8 billion acquisition offer from Stone Ridge Asset Management for its Marcellus shale assets in Pennsylvania, previously owned by Coterra, indicating strong market interest in mature oil and gas assets.
  • Financing Innovation: The proposal includes the use of the largest asset-backed securitization (ABS) in U.S. oil and gas history, although the exact financing size is unknown; this financing method has gained favor in recent years as a means to fund acquisitions of mature oil and gas assets.
  • Production Outlook: The Marcellus assets are expected to account for about 20% of Devon's (DVN) projected production of 1.6 million barrels of oil equivalent (boe) per day in 2026, highlighting the significance of these assets in the company's overall production strategy.
  • Management Strategy: Devon Energy's management, including CEO Clay Gaspar, has indicated that the company is looking to optimize its business following the recent Coterra merger, although no decisions have been made regarding the Stone Ridge offer, reflecting a cautious strategic approach.
Fool
8.5
05-28Fool
Middle East Conflict Impacts Shell and BP Outlook
  • Middle East Conflict Impact: Shell and BP derive 20% and 22% of their production from the Middle East, respectively, with Shell's assets suffering damage due to the conflict; while rising oil prices are beneficial, operational disruptions may affect future earnings.
  • Financial Health Comparison: Shell's debt-to-equity ratio stands at 0.4, significantly lower than BP's 1.3, indicating that Shell possesses greater financial resilience against geopolitical risks, making it a more attractive long-term investment.
  • Stock Market Performance Discrepancy: Despite BP's stock rising 22% in 2026 compared to Shell's 15%, BP's high leverage and frequent management changes suggest that the market may not fully recognize Shell's financial advantages.
  • Investment Recommendation: For investors looking to avoid Middle Eastern risks, Devon Energy and Enterprise Products Partners present safer alternatives, as they are unaffected by regional conflicts and Enterprise's revenue model is not driven by oil price fluctuations.
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
Truist
Gabe Daoud
Buy
maintain
$63 -> $66
AI Analysis
2026-06-01
New
Reason
Truist
Gabe Daoud
Price Target
$63 -> $66
AI Analysis
2026-06-01
New
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.
Mizuho
Nitin Kumar
Outperform
maintain
$62 -> $68
2026-05-27
New
Reason
Mizuho
Nitin Kumar
Price Target
$62 -> $68
2026-05-27
New
maintain
Outperform
Reason
Mizuho analyst Nitin Kumar raised the firm's price target on Devon Energy to $68 from $62 and keeps an Outperform rating on the shares. The firm expects the impact of Iran crisis on global oil prices and refining cracks to be prolonged. Mizuho increased its 2026 and 2027 oil price outlook by 25% and 6%, respectively, while raising its forecast for U.S. refining cracks by 61% and 51%. A pullback in stock valuations despite elevated commodity prices creates opportunity for investors to seek "alpha" in U.S. oil and gas, the analyst tells investors in a research note. Mizuho adjusted ratings and price targets in the group.
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 8.26, 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
8.26
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
4.54
Current EV/EBITDA
10.48
Overvalued EV/EBITDA
5.46
Undervalued EV/EBITDA
3.62

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
1.81
Overvalued PS
2.31
Undervalued PS
1.42

Financials

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Whales Holding DVN

P
Peconic Partners LLC
Holding
DVN
+23.76%
3M Return
V
Vinva Investment Management Limited
Holding
DVN
+15.38%
3M Return
P
PanAgora Asset Management, Inc.
Holding
DVN
+13.45%
3M Return
T
Thrivent Investment Management, Inc.
Holding
DVN
+13.11%
3M Return
T
Trexquant Investment LP
Holding
DVN
+11.24%
3M Return
S
Shapiro Capital Management LLC
Holding
DVN
+10.47%
3M Return

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Frequently Asked Questions

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

The current price of DVN is 47.025 USD — it has increased 5.7

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 01 2026.

What is Devon Energy Corp (DVN) market cap?

Today DVN has the market capitalization of 51.31B USD.