S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer's (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
What analysts wanted out of Chewy stock is finally here
Even Scrooge can’t pass up these 3 bargain stocks
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
The truth about DocuSign's relevancy in today's world: Surprise
SoFi expands ETF business with options-driven income fund
S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer's (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
What analysts wanted out of Chewy stock is finally here
Even Scrooge can’t pass up these 3 bargain stocks
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
The truth about DocuSign's relevancy in today's world: Surprise
SoFi expands ETF business with options-driven income fund
S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer's (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
What analysts wanted out of Chewy stock is finally here
Even Scrooge can’t pass up these 3 bargain stocks
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
The truth about DocuSign's relevancy in today's world: Surprise
SoFi expands ETF business with options-driven income fund
S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer's (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
What analysts wanted out of Chewy stock is finally here
Even Scrooge can’t pass up these 3 bargain stocks
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
The truth about DocuSign's relevancy in today's world: Surprise
SoFi expands ETF business with options-driven income fund

Devon Energy Stock Price, News & Analysis (NYSE:DVN)

$43.80
-0.88 (-1.97%)
(As of 12/5/2023 ET)
Compare
Today's Range
$43.72
$44.84
50-Day Range
$42.85
$50.08
52-Week Range
$42.59
$67.26
Volume
8.28 million shs
Average Volume
8.90 million shs
Market Capitalization
$28.06 billion
P/E Ratio
7.49
Dividend Yield
1.83%
Price Target
$57.82

Devon Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
32.0% Upside
$57.82 Price Target
Short Interest
Healthy
1.58% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-6.69
Upright™ Environmental Score
News Sentiment
0.80mentions of Devon Energy in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.59%
From $5.88 to $6.62 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.36 out of 5 stars

Oils/Energy Sector

4th out of 210 stocks

Crude Petroleum & Natural Gas Industry

2nd out of 63 stocks


DVN stock logo

About Devon Energy Stock (NYSE:DVN)

Devon Energy Corporation is an independent oil and gas company headquartered in Oklahoma City, Oklahoma. The company was incorporated in 1971 by John Nichols and his son J. Larry Nichols and later went public in August 2000. The company has since grown to be included in the S&P 500 and is one of the first energy companies to introduce resolutions requiring the company to monitor its impact on global warming. One time a major player in the global oil market, Devon has since sold off its offshore holdings in an effort to focus on US production and its transition to a lower-carbon future.

Devon Energy merged with WPX in early 2021 in an all-stock merger of equals. The new company is primarily engaged in the exploration, development, and production of oil, natural gas, and natural gas liquids in the US midwest. The company operates more than 5,100 wells in Oklahoma’s Delaware Basis, Eagle Ford Group, and the two locations in the Rocky Mountains. As of late 2022, the company laid claim to 1.625 million barrels of reserves including 44% petroleum, 27% natural gas liquids, and 29% natural gas. Daily production was running in the range of 300,000 BPD in petroleum liquids, 125,000 BPD in natural gas liquids, and 920 million cubic feet of natural gas.

Rick Muncrief, formally CEO of WPX, is now the head of Devon Energy. Mr. Muncrief comes to the table with more than 40 years of experience including 27 years with one of the US Big Three Oil Companies. WPX Energy (Williams Production and Exploration) brought properties in the Williston and Permian Basins to the combined company. Its proven reserves were roughly 527 million barrels of oil and equivalents. The company also owns and operates a midstream network of pipelines and storage facilities it uses to market and deliver its products.

Devon Energy Corporation has pledged to reduce its GHG impact to net zero by 2050. This will be done by a variety of methods that include improving efficiency and leakage, a reduction in flaring, and the electrification of its operations. Near-term goals include a 50% reduction in GHG by 2030 including a 65% reduction in methane release and a 100% reduction in flaring. The company is also focused on reducing its environmental impact by relying on recycled water wherever possible and plans to reduce freshwater usage by 90% in the most active areas. Total greenhouse gas emissions have been in decline since 2018 and fell 17% between 2018 and 2020 alone.

DVN Stock Price History

DVN Stock News Headlines

Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Devon Energy Is Facing Further Weakness
Devon Energy Stock (NYSE:DVN) Insider Trades
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
After Years Of Strong Upside, Devon Energy Deserves More
Billionaire Jim Simons’ Top 12 High-Dividend Stocks
What 13 Analyst Ratings Have To Say About Devon Energy
Hold Rating on Devon Energy Amid Production Concerns and Strategy Shift
See More Headlines
Receive DVN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Devon Energy and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 9/29 Dividend
9/14/2023
Dividend Payable
9/29/2023
Last Earnings
11/07/2023
Today
12/05/2023
Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/13/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
25179M10
Employees
1,800
Year Founded
1971

Price Target and Rating

Average Stock Price Target
$57.82
High Stock Price Target
$77.00
Low Stock Price Target
$48.00
Potential Upside/Downside
+32.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
15 Analysts

Profitability

Net Income
$6.02 billion
Pretax Margin
30.79%

Debt

Sales & Book Value

Annual Sales
$15.41 billion
Cash Flow
$11.38 per share
Book Value
$17.28 per share

Miscellaneous

Free Float
636,664,000
Market Cap
$28.06 billion
Optionable
Optionable
Beta
2.20

Social Links

7 Energy Stocks to Buy and Hold Forever Cover

Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.

Get This Free Report

Should I Buy Devon Energy Stock? DVN Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Devon Energy was last updated on Sunday, December 3, 2023 at 4:59 PM.

Pros

Here are some ways that investors could benefit from investing in Devon Energy Co.:

  • Devon Energy Corporation is an independent energy company that explores for, develops, and produces oil, natural gas, and natural gas liquids.
  • Devon Energy Co. has a strong presence in various regions, including the Delaware Basin, STACK, Anadarko, Williston, Eagle Ford, and Powder River Basin.
  • Recent developments and advancements in technology have allowed Devon Energy Co. to enhance its exploration and production capabilities.
  • Devon Energy Co. has a long history, being incorporated in 1971, which demonstrates its stability and experience in the industry.
  • Investing in Devon Energy Co. provides exposure to the potential growth and profitability of the oil and gas sector.

Cons

Investors should be bearish about investing in Devon Energy Co. for these reasons:

  • Fluctuations in oil and gas prices can significantly impact the financial performance of Devon Energy Co.
  • The energy industry is subject to various regulatory and environmental risks, which can affect Devon Energy Co.'s operations and profitability.
  • Devon Energy Co. operates in a highly competitive market, which may limit its market share and pricing power.
  • Investing in the oil and gas sector involves inherent risks, including geopolitical uncertainties and supply-demand dynamics.
  • The recent COVID-19 pandemic has negatively impacted the global energy demand, which can affect Devon Energy Co.'s revenue and earnings.














DVN Stock Analysis - Frequently Asked Questions

Should I buy or sell Devon Energy stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last twelve months. There are currently 6 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" DVN shares.
View DVN analyst ratings
or view top-rated stocks.

What is Devon Energy's stock price target for 2024?

15 equities research analysts have issued 12-month price targets for Devon Energy's shares. Their DVN share price targets range from $48.00 to $77.00. On average, they expect the company's share price to reach $57.82 in the next year. This suggests a possible upside of 32.0% from the stock's current price.
View analysts price targets for DVN
or view top-rated stocks among Wall Street analysts.

How have DVN shares performed in 2023?

Devon Energy's stock was trading at $61.51 at the beginning of the year. Since then, DVN stock has decreased by 28.8% and is now trading at $43.80.
View the best growth stocks for 2023 here
.

Are investors shorting Devon Energy?

Devon Energy saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 10,080,000 shares, a decline of 12.3% from the October 31st total of 11,500,000 shares. Based on an average daily volume of 8,870,000 shares, the short-interest ratio is presently 1.1 days. Currently, 1.6% of the shares of the stock are sold short.
View Devon Energy's Short Interest
.

When is Devon Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024.
View our DVN earnings forecast
.

How were Devon Energy's earnings last quarter?

Devon Energy Co. (NYSE:DVN) issued its quarterly earnings data on Tuesday, November, 7th. The energy company reported $1.65 EPS for the quarter, beating analysts' consensus estimates of $1.56 by $0.09. The energy company earned $3.84 billion during the quarter, compared to analyst estimates of $4.03 billion. Devon Energy had a net margin of 24.63% and a trailing twelve-month return on equity of 33.97%.

How often does Devon Energy pay dividends? What is the dividend yield for Devon Energy?

Devon Energy declared a quarterly dividend on Tuesday, November 7th. Investors of record on Friday, December 15th will be paid a dividend of $0.77 per share on Friday, December 29th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 7.03%. The ex-dividend date is Thursday, December 14th. This is a boost from the stock's previous quarterly dividend of $0.49.
Read our dividend analysis for DVN
.

Is Devon Energy a good dividend stock?

Devon Energy (NYSE:DVN) pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.77%. The dividend payout ratio is 13.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DVN will have a dividend payout ratio of 12.08% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DVN.

How will Devon Energy's stock buyback program work?

Devon Energy announced that its board has approved a share repurchase program on Monday, May 2nd 2022, which allows the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 4.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

What is John Richels' approval rating as Devon Energy's CEO?

221 employees have rated Devon Energy Chief Executive Officer John Richels on Glassdoor.com. John Richels has an approval rating of 34% among the company's employees. This puts John Richels in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Devon Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Devon Energy investors own include Bank of America (BAC), Intel (INTC), Micron Technology (MU), Cisco Systems (CSCO), Pfizer (PFE), Exxon Mobil (XOM), Chevron (CVX), ConocoPhillips (COP), AT&T (T) and General Electric (GE).

Who are Devon Energy's major shareholders?

Devon Energy's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Morgan Stanley (1.82%), Victory Capital Management Inc. (1.32%), Raymond James & Associates (1.32%), Northern Trust Corp (1.06%), Bank of New York Mellon Corp (0.90%) and Fuller & Thaler Asset Management Inc. (0.84%). Insiders that own company stock include Ann G Fox, Clay M Gaspar, Dennis C Cameron, Felix Investments Holdings Ii,, Jeffrey L Ritenour, Jeremy D Humphers, John E Bethancourt, Kelt Kindick, Richard E Muncrief and Tana K Cashion.
View institutional ownership trends
.

How do I buy shares of Devon Energy?

Shares of DVN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does Devon Energy have any subsidiaries?
The following companies are subsidiares of Devon Energy: Anderson Exploration, Bleu Falcon Holdings Inc., Chief Oil & Gas LLC, Devon Canada Corporation, Devon Energy Corporation, Devon Energy International L.L.C., Devon Energy Production Company L.P., Devon Financing Company L.L.C., Devon Gas Co. L.L.C., Devon Gas Services L.P., Devon Headquarters L.L.C., Devon OEI Holdings L.L.C., Devon OEI Operating L.L.C., Felix Energy LLC, Hondo Oil & Gas Co, Kerr McGee, Mitchell Energy & Development Corp, Northstar Energy Corp, Ocean Energy Inc, PennzEnergy Company, Santa Fe Snyder Corp., and WPX Energy.
Read More
This page (NYSE:DVN) was last updated on 12/6/2023 by MarketBeat.com Staff

My Account -