Symbols / DVN
DVN Chart
About
Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.
Fundamentals
Scroll to Statements| Sector | Energy | Industry | Oil & Gas E&P | Market Cap | 26.85B |
| Enterprise Value | 34.13B | Income | 2.64B | Sales | 16.04B |
| Book/sh | 24.96 | Cash/sh | 2.23 | Dividend Yield | 222.00% |
| Payout | 23.02% | Employees | 2200 | IPO | — |
| P/E | 10.38 | Forward P/E | 10.35 | PEG | — |
| P/S | 1.67 | P/B | 1.73 | P/C | — |
| EV/EBITDA | 4.57 | EV/Sales | 2.13 | Quick Ratio | 0.78 |
| Current Ratio | 0.98 | Debt/Eq | 55.95 | LT Debt/Eq | — |
| EPS (ttm) | 4.17 | EPS next Y | 4.18 | EPS Growth | -8.50% |
| Revenue Growth | -12.10% | Earnings | 2026-05-05 | ROA | 7.71% |
| ROE | 17.74% | ROIC | — | Gross Margin | 47.70% |
| Oper. Margin | 22.66% | Profit Margin | 16.47% | Shs Outstand | 620.26M |
| Shs Float | 614.48M | Short Float | 3.57% | Short Ratio | 2.00 |
| Short Interest | — | 52W High | 46.15 | 52W Low | 25.89 |
| Beta | 0.62 | Avg Volume | 9.72M | Volume | 8.79M |
| Target Price | $48.93 | Recom | Buy | Prev Close | $43.67 |
| Price | $43.28 | Change | -0.89% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$48.93
Mean price target
2. Current target
$43.28
Latest analyst target
3. DCF / Fair value
$61.59
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$43.28
Low
$34.00
High
$62.00
Mean
$48.93
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-02-23 | main | Scotiabank | Sector Perform → Sector Perform | $41 |
| 2026-02-23 | main | Barclays | Overweight → Overweight | $52 |
| 2026-02-20 | main | Wells Fargo | Overweight → Overweight | $51 |
| 2026-02-20 | main | Susquehanna | Positive → Positive | $52 |
| 2026-02-04 | up | Barclays | Equal-Weight → Overweight | $50 |
| 2026-02-03 | main | Susquehanna | Positive → Positive | $47 |
| 2026-02-03 | main | Scotiabank | Sector Perform → Sector Perform | $45 |
| 2026-01-27 | main | Wells Fargo | Overweight → Overweight | $43 |
| 2026-01-26 | main | Susquehanna | Positive → Positive | $45 |
| 2026-01-23 | main | Morgan Stanley | Overweight → Overweight | $46 |
| 2026-01-21 | main | Barclays | Equal-Weight → Equal-Weight | $42 |
| 2026-01-16 | down | Scotiabank | Sector Outperform → Sector Perform | $41 |
| 2026-01-05 | main | Bernstein | Outperform → Outperform | $42 |
| 2025-12-31 | reit | Roth Capital | Buy → Buy | $42 |
| 2025-12-17 | main | Citigroup | Buy → Buy | $44 |
| 2025-12-12 | up | UBS | Neutral → Buy | $46 |
| 2025-12-12 | main | Mizuho | Outperform → Outperform | $43 |
| 2025-12-11 | main | Morgan Stanley | Overweight → Overweight | $48 |
| 2025-12-08 | up | JP Morgan | Neutral → Overweight | $44 |
| 2025-11-18 | main | Piper Sandler | Overweight → Overweight | $55 |
News
RSS: Latest DVN news- Devon Energy Resets Capital Returns With Higher Dividend And Buyback Focus - simplywall.st Wed, 25 Feb 2026 13
- HighTower Advisors LLC Trims Stock Holdings in Devon Energy Corporation $DVN - MarketBeat ue, 24 Feb 2026 10
- Devon Energy (DVN) Target Increased to $50 by Roth Capital After Strong Results - Yahoo Finance ue, 24 Feb 2026 06
- There’s a big new oil-and-gas merger, but shareholders aren’t happy - MarketWatch Mon, 02 Feb 2026 08
- Scotiabank Lowers Devon Energy (DVN) Price Target to $41 | DVN S - GuruFocus Mon, 23 Feb 2026 19
- Devon Energy Corp (NYSE:DVN): A Value Investing Case Study - ChartMill Mon, 23 Feb 2026 10
- Trading Systems Reacting to (DVN) Volatility - Stock Traders Daily Sun, 22 Feb 2026 00
- 4 out of 6 S&P 500 energy stocks beat EPS estimates this week: Earnings Scorecard (XLE:NYSEARCA) - Seeking Alpha Sat, 21 Feb 2026 15
- A Look At Devon Energy (DVN) Valuation After Recent Choppy Share Price Performance - simplywall.st ue, 24 Feb 2026 10
- Here is What to Know Beyond Why Devon Energy Corporation (DVN) is a Trending Stock - Yahoo Finance Singapore Mon, 23 Feb 2026 14
- Devon Energy Corporation $DVN Stock Position Raised by NEOS Investment Management LLC - MarketBeat Fri, 20 Feb 2026 12
- Barclays Maintains Overweight on DVN, Raises Price Target | DVN Stock News - GuruFocus Mon, 23 Feb 2026 17
- Envestnet Asset Management Inc. Decreases Stock Position in Devon Energy Corporation $DVN - MarketBeat Mon, 23 Feb 2026 08
- Is Devon Energy (DVN) Pricing Reflect Its DCF And P/E Valuation Gap Today - Yahoo Finance Wed, 04 Feb 2026 08
- Susquehanna Issues Positive Forecast for Devon Energy (NYSE:DVN) Stock Price - MarketBeat Fri, 20 Feb 2026 15
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 34959 | — | — | Stock Award(Grant) at price 0.00 per share. | RITENOUR JEFFREY L. | Chief Financial Officer | — | 2026-02-10 00:00:00 | D |
| 1 | 15640 | — | — | Stock Award(Grant) at price 0.00 per share. | CASHION TANA K | Officer | — | 2026-02-10 00:00:00 | D |
| 2 | 3738 | — | — | Stock Award(Grant) at price 0.00 per share. | SHERRER JOHN BENNETT | Officer | — | 2026-02-10 00:00:00 | D |
| 3 | 16560 | — | — | Stock Award(Grant) at price 0.00 per share. | HELLMAN THOMAS JEFFREY | Officer | — | 2026-02-10 00:00:00 | D |
| 4 | 16560 | — | — | Stock Award(Grant) at price 0.00 per share. | RAINES JOHN DAVID | Officer | — | 2026-02-10 00:00:00 | D |
| 5 | 26450 | — | — | Stock Award(Grant) at price 0.00 per share. | LOWE ROBERT FERRALL III | Chief Technology Officer | — | 2026-02-10 00:00:00 | D |
| 6 | 68308 | — | — | Stock Award(Grant) at price 0.00 per share. | GASPAR CLAY M. | Chief Executive Officer | — | 2026-02-10 00:00:00 | D |
| 7 | 23920 | — | — | Stock Award(Grant) at price 0.00 per share. | CAMERON DENNIS CLARKE | General Counsel | — | 2026-02-10 00:00:00 | D |
| 8 | 21416 | — | — | Stock Award(Grant) at price 0.00 per share. | RITENOUR JEFFREY L. | Chief Financial Officer | — | 2026-01-27 00:00:00 | D |
| 9 | 9518 | — | — | Stock Award(Grant) at price 0.00 per share. | CASHION TANA K | Officer | — | 2026-01-27 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -4.20M | 5.40M | 9.68M | -420.00K |
| TaxRateForCalcs | 0.21 | 0.18 | 0.22 | 0.02 |
| NormalizedEBITDA | 7.39B | 7.52B | 10.32B | 5.46B |
| TotalUnusualItems | -20.00M | 30.00M | 44.00M | -21.00M |
| TotalUnusualItemsExcludingGoodwill | -20.00M | 30.00M | 44.00M | -21.00M |
| NetIncomeFromContinuingOperationNetMinorityInterest | 2.89B | 3.75B | 6.01B | 2.81B |
| ReconciledDepreciation | 3.25B | 2.55B | 2.22B | 2.16B |
| ReconciledCostOfRevenue | 11.23B | 9.89B | 10.80B | 8.53B |
| EBITDA | 7.37B | 7.55B | 10.37B | 5.44B |
| EBIT | 4.11B | 4.99B | 8.14B | 3.29B |
| NetInterestIncome | -363.00M | -308.00M | -309.00M | -359.00M |
| InterestExpense | 401.00M | 369.00M | 370.00M | 388.00M |
| InterestIncome | 62.00M | 55.00M | 38.00M | 2.00M |
| NormalizedIncome | 2.91B | 3.72B | 5.98B | 2.83B |
| NetIncomeFromContinuingAndDiscontinuedOperation | 2.89B | 3.75B | 6.01B | 2.81B |
| TotalExpenses | 11.80B | 10.35B | 11.25B | 8.96B |
| DilutedAverageShares | 634.00M | 642.00M | 659.00M | 663.00M |
| BasicAverageShares | 632.00M | 639.00M | 657.25M | 663.00M |
| DilutedEPS | 4.56 | 5.84 | 9.12 | 4.19 |
| BasicEPS | 4.58 | 5.86 | 9.15 | 4.20 |
| DilutedNIAvailtoComStockholders | 2.89B | 3.75B | 6.01B | 2.81B |
| NetIncomeCommonStockholders | 2.89B | 3.75B | 6.01B | 2.81B |
| OtherunderPreferredStockDividend | 57.00M | 30.00M | ||
| NetIncome | 2.89B | 3.75B | 6.01B | 2.81B |
| MinorityInterests | -51.00M | -35.00M | -22.00M | -20.00M |
| NetIncomeIncludingNoncontrollingInterests | 2.94B | 3.78B | 6.04B | 2.83B |
| NetIncomeDiscontinuousOperations | 0.00 | 0.00 | ||
| NetIncomeContinuousOperations | 2.94B | 3.78B | 6.04B | 2.83B |
| TaxProvision | 770.00M | 841.00M | 1.74B | 65.00M |
| PretaxIncome | 3.71B | 4.62B | 7.78B | 2.90B |
| OtherIncomeExpense | -68.00M | 21.00M | 164.00M | 11.00M |
| OtherNonOperatingIncomeExpenses | -48.00M | -9.00M | 120.00M | 32.00M |
| SpecialIncomeCharges | -20.00M | 30.00M | 44.00M | -21.00M |
| GainOnSaleOfPPE | -11.00M | 30.00M | 44.00M | 168.00M |
| OtherSpecialCharges | -30.00M | |||
| WriteOff | 0.00 | 0.00 | ||
| ImpairmentOfCapitalAssets | 0.00 | |||
| RestructuringAndMergernAcquisition | 9.00M | 0.00 | 0.00 | 219.00M |
| NetNonOperatingInterestIncomeExpense | -363.00M | -308.00M | -309.00M | -359.00M |
| TotalOtherFinanceCost | 24.00M | -6.00M | -23.00M | -27.00M |
| InterestExpenseNonOperating | 401.00M | 369.00M | 370.00M | 388.00M |
| InterestIncomeNonOperating | 62.00M | 55.00M | 38.00M | 2.00M |
| OperatingIncome | 4.14B | 4.91B | 7.92B | 3.25B |
| OperatingExpense | 567.00M | 457.00M | 449.00M | 433.00M |
| OtherOperatingExpenses | 67.00M | 49.00M | 54.00M | 42.00M |
| SellingGeneralAndAdministration | 500.00M | 408.00M | 395.00M | 391.00M |
| GeneralAndAdministrativeExpense | 500.00M | 408.00M | 395.00M | 391.00M |
| OtherGandA | 215.00M | 198.00M | 395.00M | 391.00M |
| SalariesAndWages | 285.00M | 210.00M | 229.00M | 255.00M |
| GrossProfit | 4.71B | 5.37B | 8.37B | 3.68B |
| CostOfRevenue | 11.23B | 9.89B | 10.80B | 8.53B |
| TotalRevenue | 15.94B | 15.26B | 19.17B | 12.21B |
| OperatingRevenue | 15.94B | 15.26B | 19.17B | 12.21B |
| Line Item | 2023-12-31 | |||
|---|---|---|---|---|
| TreasurySharesNumber | 300.00K | |||
| OrdinarySharesNumber | 651.00M | 635.70M | 653.00M | 663.00M |
| ShareIssued | 651.00M | 636.00M | 653.00M | 663.00M |
| NetDebt | 8.04B | 5.28B | 4.99B | 4.38B |
| TotalDebt | 9.20B | 6.45B | 6.70B | 6.73B |
| TangibleBookValue | 13.74B | 11.31B | 10.41B | 8.51B |
| InvestedCapital | 23.38B | 18.22B | 17.61B | 15.74B |
| WorkingCapital | 118.00M | 208.00M | 786.00M | 1.16B |
| NetTangibleAssets | 13.74B | 11.31B | 10.41B | 8.51B |
| CapitalLeaseObligations | 320.00M | 295.00M | 257.00M | 252.00M |
| CommonStockEquity | 14.50B | 12.06B | 11.17B | 9.26B |
| TotalCapitalization | 22.89B | 17.73B | 17.36B | 15.74B |
| TotalEquityGrossMinorityInterest | 14.70B | 12.22B | 11.30B | 9.40B |
| MinorityInterest | 208.00M | 156.00M | 129.00M | 137.00M |
| StockholdersEquity | 14.50B | 12.06B | 11.17B | 9.26B |
| GainsLossesNotAffectingRetainedEarnings | -122.00M | -124.00M | -116.00M | -132.00M |
| OtherEquityAdjustments | -122.00M | -124.00M | -116.00M | -132.00M |
| TreasuryStock | 0.00 | 13.00M | 0.00 | |
| RetainedEarnings | 8.17B | 6.20B | 4.30B | 1.69B |
| AdditionalPaidInCapital | 6.39B | 5.94B | 6.92B | 7.64B |
| CapitalStock | 65.00M | 64.00M | 65.00M | 66.00M |
| CommonStock | 65.00M | 64.00M | 65.00M | 66.00M |
| TotalLiabilitiesNetMinorityInterest | 15.79B | 12.27B | 12.43B | 11.63B |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 12.48B | 9.32B | 9.32B | 8.54B |
| OtherNonCurrentLiabilities | 840.00M | 876.00M | 900.00M | 1.05B |
| NonCurrentDeferredLiabilities | 2.15B | 1.84B | 1.46B | 287.00M |
| NonCurrentDeferredTaxesLiabilities | 2.15B | 1.84B | 1.46B | 287.00M |
| LongTermDebtAndCapitalLeaseObligation | 8.72B | 5.97B | 6.45B | 6.73B |
| LongTermCapitalLeaseObligation | 320.00M | 295.00M | 257.00M | 252.00M |
| LongTermDebt | 8.40B | 5.67B | 6.19B | 6.48B |
| LongTermProvisions | 770.00M | 643.00M | 511.00M | 468.00M |
| CurrentLiabilities | 3.31B | 2.95B | 3.10B | 3.09B |
| OtherCurrentLiabilities | 586.00M | 484.00M | 489.00M | 1.13B |
| CurrentDebtAndCapitalLeaseObligation | 485.00M | 483.00M | 251.00M | |
| CurrentDebt | 485.00M | 483.00M | 251.00M | |
| OtherCurrentBorrowings | 485.00M | 483.00M | 251.00M | |
| PayablesAndAccruedExpenses | 2.24B | 1.98B | 2.37B | 1.96B |
| Payables | 2.24B | 1.98B | 2.37B | 1.96B |
| OtherPayable | 1.43B | 1.22B | 1.51B | 1.46B |
| AccountsPayable | 806.00M | 760.00M | 859.00M | 500.00M |
| TotalAssets | 30.49B | 24.49B | 23.72B | 21.02B |
| TotalNonCurrentAssets | 27.06B | 21.33B | 19.83B | 16.78B |
| OtherNonCurrentAssets | 268.00M | 319.00M | 307.00M | 378.00M |
| InvestmentsAndAdvances | 727.00M | 666.00M | 440.00M | 402.00M |
| OtherInvestments | 54.00M | 49.00M | 47.00M | 34.00M |
| LongTermEquityInvestment | 673.00M | 617.00M | 393.00M | 368.00M |
| InvestmentsinJointVenturesatCost | 558.00M | 617.00M | 393.00M | 368.00M |
| InvestmentsInOtherVenturesUnderEquityMethod | 115.00M | 0.00 | ||
| GoodwillAndOtherIntangibleAssets | 753.00M | 753.00M | 753.00M | 753.00M |
| Goodwill | 753.00M | 753.00M | 753.00M | 753.00M |
| NetPPE | 25.31B | 19.59B | 18.33B | 15.24B |
| AccumulatedDepreciation | -34.12B | -30.90B | -28.46B | -26.26B |
| GrossPPE | 59.44B | 50.49B | 46.79B | 41.51B |
| OtherProperties | 2.97B | 2.56B | 2.50B | 2.37B |
| CurrentAssets | 3.43B | 3.16B | 3.89B | 4.25B |
| OtherCurrentAssets | 315.00M | 460.00M | 469.00M | 321.00M |
| RestrictedCash | 140.00M | 172.00M | ||
| Inventory | 294.00M | 249.00M | 201.00M | 114.00M |
| Receivables | 1.97B | 1.57B | 1.77B | 1.54B |
| TaxesReceivable | 83.00M | |||
| AccountsReceivable | 1.97B | 1.57B | 1.77B | 1.54B |
| AllowanceForDoubtfulAccountsReceivable | -6.00M | -7.00M | -9.00M | -7.00M |
| GrossAccountsReceivable | 1.98B | 1.58B | 1.78B | 1.55B |
| CashCashEquivalentsAndShortTermInvestments | 846.00M | 875.00M | 1.45B | 2.10B |
| CashAndCashEquivalents | 846.00M | 875.00M | 1.45B | 2.10B |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | -853.00M | 2.60B | 3.40B | 2.89B |
| RepurchaseOfCapitalStock | -1.06B | -979.00M | -718.00M | -589.00M |
| RepaymentOfDebt | -472.00M | -242.00M | 0.00 | -1.24B |
| IssuanceOfDebt | 3.22B | 0.00 | 0.00 | |
| CapitalExpenditure | -7.45B | -3.95B | -5.12B | -2.01B |
| InterestPaidSupplementalData | 366.00M | 378.00M | 370.00M | 404.00M |
| IncomeTaxPaidSupplementalData | 480.00M | 400.00M | 438.00M | |
| EndCashPosition | 846.00M | 875.00M | 1.45B | 2.27B |
| BeginningCashPosition | 875.00M | 1.45B | 2.27B | 2.24B |
| EffectOfExchangeRateChanges | -3.00M | 3.00M | -11.00M | 1.00M |
| ChangesInCash | -26.00M | -582.00M | -806.00M | 33.00M |
| CashFlowFromDiscontinuedOperation | 0.00 | 0.00 | ||
| FinancingCashFlow | 706.00M | -3.18B | -4.21B | -3.29B |
| CashFromDiscontinuedFinancingActivities | 0.00 | 0.00 | ||
| CashFlowFromContinuingFinancingActivities | 706.00M | -3.18B | -4.21B | -3.29B |
| NetOtherFinancingCharges | -47.00M | -105.00M | -116.00M | -145.00M |
| CashDividendsPaid | -937.00M | -1.86B | -3.38B | -1.31B |
| CommonStockDividendPaid | -937.00M | -1.86B | -3.38B | -1.31B |
| NetCommonStockIssuance | -1.06B | -979.00M | -718.00M | -589.00M |
| CommonStockPayments | -1.06B | -979.00M | -718.00M | -589.00M |
| NetIssuancePaymentsOfDebt | 2.75B | -242.00M | 0.00 | -1.24B |
| NetLongTermDebtIssuance | 2.75B | -242.00M | 0.00 | -1.24B |
| LongTermDebtPayments | -472.00M | -242.00M | 0.00 | -1.24B |
| LongTermDebtIssuance | 3.22B | 0.00 | 0.00 | |
| InvestingCashFlow | -7.33B | -3.94B | -5.12B | -1.57B |
| CashFromDiscontinuedInvestingActivities | 0.00 | 0.00 | ||
| CashFlowFromContinuingInvestingActivities | -7.33B | -3.94B | -5.12B | -1.57B |
| DividendsReceivedCFI | 68.00M | 32.00M | 39.00M | 35.00M |
| NetInvestmentPurchaseAndSale | -118.00M | -53.00M | -76.00M | -25.00M |
| PurchaseOfInvestment | -118.00M | -53.00M | -76.00M | -25.00M |
| NetBusinessPurchaseAndSale | 147.00M | 0.00 | 0.00 | 344.00M |
| SaleOfBusiness | 147.00M | 0.00 | 0.00 | 344.00M |
| PurchaseOfBusiness | -25.00M | |||
| NetPPEPurchaseAndSale | -3.78B | -38.00M | -2.54B | 61.00M |
| SaleOfPPE | 24.00M | 26.00M | 39.00M | 79.00M |
| PurchaseOfPPE | -3.81B | -64.00M | -2.58B | -18.00M |
| CapitalExpenditureReported | -3.65B | -3.88B | -2.54B | -1.99B |
| OperatingCashFlow | 6.60B | 6.54B | 8.53B | 4.90B |
| CashFromDiscontinuedOperatingActivities | 0.00 | 0.00 | ||
| CashFlowFromContinuingOperatingActivities | 6.60B | 6.54B | 8.53B | 4.90B |
| ChangeInWorkingCapital | -217.00M | -144.00M | -226.00M | -116.00M |
| ChangeInOtherCurrentLiabilities | 19.00M | -59.00M | -207.00M | -171.00M |
| ChangeInOtherCurrentAssets | -34.00M | 59.00M | -29.00M | 42.00M |
| ChangeInPayablesAndAccruedExpense | -32.00M | -335.00M | 152.00M | 539.00M |
| ChangeInPayable | -32.00M | -335.00M | 152.00M | 539.00M |
| ChangeInReceivables | -170.00M | 191.00M | -142.00M | -526.00M |
| ChangesInAccountReceivables | -170.00M | 191.00M | -142.00M | -526.00M |
| OtherNonCashItems | 215.00M | 26.00M | -1.40B | -1.47B |
| StockBasedCompensation | 99.00M | 93.00M | 88.00M | 99.00M |
| AssetImpairmentCharge | 5.00M | 5.00M | 12.00M | 4.00M |
| DeferredTax | 311.00M | 376.00M | 1.18B | 49.00M |
| DeferredIncomeTax | 311.00M | 376.00M | 1.18B | 49.00M |
| DepreciationAmortizationDepletion | 3.25B | 2.55B | 2.22B | 2.16B |
| OperatingGainsLosses | -10.00M | -148.00M | 614.00M | 1.35B |
| GainLossOnInvestmentSecurities | -21.00M | -118.00M | 658.00M | 1.54B |
| NetIncomeFromContinuingOperations | 2.94B | 3.78B | 6.04B | 2.83B |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for DVN
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|