Devon Energy (DVN) Stock Price, News & Analysis

Company Overview

Devon Energy Corporation (NYSE:DVN) is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids. The company focuses on onshore operations in the United States and markets the hydrocarbons produced from its assets to customers across the energy sector.

Devon’s portfolio has historically included major U.S. resource plays such as the Delaware Basin in the Permian Basin, the Eagle Ford, the Anadarko Basin, the Williston Basin and the Powder River Basin. Its operations generally encompass drilling, completion, production and related activities, supported by gathering, processing, transportation and water-management infrastructure provided through company operations and third-party arrangements.

Founded in 1971 by John Nichols and Larry Nichols, Devon has grown from a privately held Oklahoma exploration company into a major U.S. independent producer. The company is headquartered in Oklahoma City, Oklahoma. Clay Gaspar serves as Devon’s president and chief executive officer.

Key Stats

• Today's Range: $40.60 to $43.18
• 50-Day Range: $42.85 to $52.21
• 52-Week Range: $32.49 to $52.71
• Volume: 11.27 million shs
• Average Volume: 12.85 million shs
• Market Capitalization: $46.39 billion
• P/E Ratio: 10.02
• Dividend Yield: 3.03%
• Price Target: $60.61
• Consensus Rating: Moderate Buy

Devon Energy Stock Analysis - MarketRank™

Devon Energy scored higher than 98% of companies evaluated by MarketBeat, and ranked 9th out of 241 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Devon Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.97, and is based on 2 strong buy ratings, 25 buy ratings, 3 hold ratings, and no sell ratings.

Upside Potential

Devon Energy has a consensus price target of $60.61, representing about 43.3% upside from its current price of $42.28.

Amount of Analyst Coverage

Devon Energy has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -2.37%

Earnings Growth

Earnings for Devon Energy are expected to decrease by -2.37% in the coming year, from $5.49 to $5.36 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Devon Energy is 10.03, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 26.52.

Price to Earnings Ratio vs. Sector

The P/E ratio of Devon Energy is 10.03, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 21.68.

Price to Earnings Growth Ratio

Devon Energy has a PEG Ratio of 1.15. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Devon Energy has a P/B Ratio of 1.71. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.51% of the float of Devon Energy has been sold short.

Short Interest Ratio / Days to Cover

Devon Energy has a short interest ratio ("days to cover") of 3.26, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Devon Energy has recently decreased by 7.34%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Devon Energy pays a meaningful dividend of 2.69%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Devon Energy has only been increasing its dividend for 1 years.

Dividend Coverage

The dividend payout ratio of Devon Energy is 30.40%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Devon Energy will have a dividend payout ratio of 23.88% next year. This indicates that Devon Energy will be able to sustain or increase its dividend.

News and Social Media

• Score: 3.9 / 5
• News Sentiment: 1.17

News Sentiment

Devon Energy has a news sentiment score of 1.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 46 news articles for Devon Energy this week, compared to 11 articles on an average week.

Search Interest

Only 33 people have searched for DVN on MarketBeat in the last 30 days. This is a decrease of -42% compared to the previous 30 days.

MarketBeat Follows

26 people have added Devon Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 117% compared to the previous 30 days.

Company Ownership

• Score: 2.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Devon Energy insiders have sold 72.22% more of their company's stock than they have bought. Specifically, they have bought $199,876.00 in company stock and sold $344,218.00 in company stock.

Percentage Held by Insiders

4.58% of the stock of Devon Energy is held by insiders.

Percentage Held by Institutions

69.72% of the stock of Devon Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Record date for 9/30 Dividend: 9/15/2026
• Ex-Dividend for 9/30 Dividend: 9/15/2026
• Dividend Payable: 9/30/2026
• Last Earnings: 11/05/2026
• Today: 11/06/2026
• Record date for 12/30 Dividend: 12/15/2026
• Ex-Dividend for 12/30 Dividend: 12/15/2026
• Dividend Payable: 12/30/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Energy
• Industry: Oil, Gas & Consumable Fuels
• Sub-Industry: Oil & Gas Exploration & Production
• Current Symbol: NYSE:DVN
• CIK: 1090012
• Web: www.devonenergy.com
• Phone: (405) 235-3611
• Fax: 405-552-4550
• Employees: 2,200
• Year Founded: 1971

Price Target and Rating

• Average Price Target for Devon Energy: $60.61
• High Price Target: $67.00
• Low Price Target: $45.85
• Potential Upside/Downside: +43.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.97
• Research Coverage: 30 Analysts

Profitability

• EPS (Trailing Twelve Months): $4.21
• Trailing P/E Ratio: 10.02
• Forward P/E Ratio: 7.88
• P/E Growth: 1.15
• Net Income: $2.64 billion
• Net Margins: 16.67%
• Pretax Margin: 21.39%
• Return on Equity: 14.93%
• Return on Assets: 7.91%

Debt

• Debt-to-Equity Ratio: 0.24
• Current Ratio: 0.72
• Quick Ratio: 0.67

Sales & Book Value

• Annual Sales: $19.68 billion
• Price / Sales: 2.36
• Cash Flow: $9.29 per share
• Price / Cash Flow: 4.55
• Book Value: $24.75 per share
• Price / Book: 1.71

Miscellaneous

• Outstanding Shares: 1,100,000,000
• Free Float: 1,049,620,000
• Market Cap: $46.48 billion
• Optionable: Optionable
• Beta: 0.43