Devon Energy (DVN) Stock Price, News & Analysis

Company Overview

Devon Energy Corporation (NYSE: DVN) is an independent oil and gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company focuses on the exploration, development, production and marketing of hydrocarbons, including crude oil, natural gas liquids (NGLs) and natural gas. Devon operates as an upstream energy company that acquires, evaluates and develops onshore resource plays using a combination of drilling, completion and production optimization techniques.

Core business activities include identifying and developing energy reserves, operating well programs and managing reservoir performance to generate production and cash flow. Devon’s operations encompass site development, drilling and completion operations, production facilities and the sale and marketing of produced hydrocarbons. The company also engages in asset management and capital-allocation decisions intended to enhance operational efficiency and return on investment.

Devon’s operations are primarily focused on onshore basins in North America, with a concentration of activity in key U.S. resource plays. Over its history the company has grown through a combination of organic development and strategic acquisitions to build a portfolio of producing assets and development opportunities. Devon reports operational and corporate information publicly and manages its portfolio with attention to commodity cycles and operational scale.

The company is led by a corporate management team and governed by a board of directors based in Oklahoma City. Devon emphasizes disciplined capital allocation, operational execution and public transparency in its regulatory filings and investor communications. Like many industry peers, the company provides updates on operational performance, environmental and safety practices, and strategic priorities through periodic reports and investor presentations.

Key Stats

• Today's Range: $48.36 to $50.28
• 50-Day Range: $43.69 to $52.05
• 52-Week Range: $30.24 to $52.71
• Volume: 12.71 million shs
• Average Volume: 14.04 million shs
• Market Capitalization: $30.12 billion
• P/E Ratio: 13.50
• Dividend Yield: 2.64%
• Price Target: $56.85
• Consensus Rating: Moderate Buy

Devon Energy Stock Analysis - MarketRank™

Devon Energy scored higher than 86% of companies evaluated by MarketBeat, and ranked 38th out of 249 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: 3.9 / 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 4 strong buy ratings, 22 buy ratings, 5 hold ratings, and no sell ratings.

Upside Potential

Devon Energy has a consensus price target of $57.04, representing about 17.7% upside from its current price of $48.46.

Amount of Analyst Coverage

Devon Energy has been the subject of 23 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -13.71%

Earnings Growth

Earnings for Devon Energy are expected to decrease by -13.71% in the coming year, from $5.25 to $4.53 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Devon Energy is 13.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 44.53.

Price to Earnings Ratio vs. Sector

The P/E ratio of Devon Energy is 13.50, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 21.40.

Price to Book Value per Share Ratio

Devon Energy has a P/B Ratio of 1.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.99% 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 2.99, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Devon Energy has recently increased by 21.57%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Devon Energy pays a meaningful dividend of 1.93%, 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 26.74%. 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 21.19% next year. This indicates that Devon Energy will be able to sustain or increase its dividend.

News and Social Media

• Score: 4.4 / 5
• News Sentiment: 0.97

News Sentiment

Devon Energy has a news sentiment score of 0.97. 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 0.63 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 45 news articles for Devon Energy this week, compared to 15 articles on an average week.

Search Interest

96 people have searched for DVN on MarketBeat in the last 30 days. This is an increase of 71% compared to the previous 30 days.

MarketBeat Follows

50 people have added Devon Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 285% compared to the previous 30 days.

Company Ownership

• Score: 1.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Devon Energy insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,416,739.00 in company stock.

Percentage Held by Insiders

0.73% 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 3/31 Dividend: 3/13/2026
• Ex-Dividend for 3/31 Dividend: 3/13/2026
• Dividend Payable: 3/31/2026
• Last Earnings: 5/05/2026
• Today: 5/20/2026
• Record date for 6/30 Dividend: 6/15/2026
• Ex-Dividend for 6/30 Dividend: 6/15/2026
• Dividend Payable: 6/30/2026
• Next Earnings (Estimated): 8/04/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Energy
• Industry: OIL - US EXP&PROD
• 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: $57.04
• High Price Target: $72.00
• Low Price Target: $41.00
• Potential Upside/Downside: +17.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.97
• Research Coverage: 31 Analysts

Profitability

• EPS (Trailing Twelve Months): $3.59
• Trailing P/E Ratio: 13.50
• Forward P/E Ratio: 9.23
• P/E Growth: N/A
• Net Income: $2.64 billion
• Net Margins: 13.71%
• Pretax Margin: 18.05%
• Return on Equity: 15.22%
• Return on Assets: 7.39%

Debt

• Debt-to-Equity Ratio: 0.48
• Current Ratio: 1.01
• Quick Ratio: 0.94

Sales & Book Value

• Annual Sales: $16.54 billion
• Price / Sales: 1.82
• Cash Flow: $9.45 per share
• Price / Cash Flow: 5.13
• Book Value: $24.83 per share
• Price / Book: 1.95

Miscellaneous

• Outstanding Shares: 621,400,000
• Free Float: 616,864,000
• Market Cap: $30.12 billion
• Optionable: Optionable
• Beta: 0.43