Symbols / DVN Stock $45.31 +1.57% Devon Energy Corporation

Energy • Oil & Gas E&P • United States • NYQ
DVN (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
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Index EQUITY
Sector Energy
Industry Oil & Gas E&P
CEO Mr. Clay M. Gaspar
Exch · Country NYQ · United States
Market Cap 52.26B
Enterprise Value 35.09B
Income 2.27B
Sales 16.00B
FCF (ttm) 1.60B
Book/sh 24.84
Cash/sh 2.84
Employees 2,200
Insider 10d —
IPO Jul 22, 1985
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 26.74%
P/E 12.62
Forward P/E 8.31
PEG 2.92
P/S 3.27
P/B 1.82
P/C —
EV/EBITDA 5.22
EV/Sales 2.19
Quick Ratio 0.85
Current Ratio 1.01
Debt/Eq 56.40
LT Debt/Eq —
EPS (ttm) 3.59
EPS next Y 5.45
EPS Growth -75.30%
Revenue Growth -0.80%
EPS Gr Q/Q -75.70%
Rev Gr Q/Q —
Earnings (next) 2026-08-04
Earnings (prior) 2026-05-05
ROA 6.07%
ROE 15.18%
ROIC —
Gross Margin 46.93%
Oper. Margin 6.86%
Profit Margin 14.17%
Shs Outstand 1.15B
Shs Float 617.03M
Insider Own 0.67%
Instit Own 50.03%
Short Float 2.48%
Short Ratio 1.75
Short Interest 27.25M
52W High 52.71
vs 52W High -14.04%
52W Low 31.45
vs 52W Low 44.07%
Beta 0.42
Impl. Vol. 44.87%
Rel Volume 0.83
Avg Volume 15.53M
Volume 12.82M
Target (mean) $61.19
Tgt Median $62.00
Tgt Low $44.00
Tgt High $72.00
# Analysts 26
Recom Strong_buy
Prev Close $44.61
Price $45.31
Change 1.57%
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 Houston, Texas.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$61.19
Mean price target
2. Current target
$45.31
Latest analyst target
3. DCF / Fair value
$24.98
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$45.31
Low
$44.00
High
$72.00
Mean
$61.19

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-06-10 main UBS Buy → Buy $58
2026-06-10 up Evercore ISI Group In-Line → Outperform $54
2026-06-01 main Truist Securities Buy → Buy $66
2026-05-27 main Mizuho Outperform → Outperform $68
2026-05-26 main Barclays Overweight → Overweight $62
2026-05-22 main Morgan Stanley Overweight → Overweight $66
2026-05-20 main Citigroup Buy → Buy $65
2026-05-18 main Wells Fargo Overweight → Overweight $68
2026-04-22 main Scotiabank Sector Perform → Sector Perform $46
2026-04-14 main UBS Buy → Buy $60
2026-03-30 main Citigroup Buy → Buy $60
2026-03-27 main Morgan Stanley Overweight → Overweight $59
2026-03-24 init Truist Securities Hold → Buy $63
2026-03-17 main Mizuho Outperform → Outperform $62
2026-03-17 main TD Cowen Hold → Hold $50
2026-03-16 main Barclays Overweight → Overweight $54
2026-03-12 main Piper Sandler Overweight → Overweight $67
2026-03-05 main Piper Sandler Overweight → Overweight $59
2026-03-05 main UBS Buy → Buy $55
2026-02-23 main Scotiabank Sector Perform → Sector Perform $41
News
RSS: Latest DVN news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-15 JORDEN THOMAS E Director — 315,892 $0.00 $0
2026-05-14 VELA ADAM M General Counsel — 24,342 $47.21 $1,149,186
2026-05-11 RITENOUR JEFFREY L. Officer — 70,029 $46.66 $3,267,553
2026-05-07 DESHAZER MICHAEL D Officer — 204,321 $0.00 $0
2026-05-07 ALEXANDER ANDREA Officer — 156,529 $0.00 $0
2026-05-07 HERNANDEZ JACINTO J. Director — 6,801 $0.00 $0
2026-05-07 VELA ADAM M General Counsel — 154,882 $0.00 $0
2026-05-07 SIRGO BLAKE A Officer — 199,039 $0.00 $0
2026-05-07 SHELLEBARGER JEFFREY EARLE Director — 6,505 $0.00 $0
2026-05-07 CONAWAY GREGORY F Officer — 18,361 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
17,188.00
+7.83%
15,940.00
+4.47%
15,258.00
-20.40%
19,169.00
Operating Revenue
17,188.00
+7.83%
15,940.00
+4.47%
15,258.00
-20.40%
19,169.00
Cost Of Revenue
12,797.00
+13.95%
11,230.00
+13.54%
9,891.00
-8.42%
10,800.00
Reconciled Cost Of Revenue
12,797.00
+13.95%
11,230.00
+13.54%
9,891.00
-8.42%
10,800.00
Gross Profit
4,391.00
-6.77%
4,710.00
-12.24%
5,367.00
-35.87%
8,369.00
Operating Expense
535.00
+1.33%
528.00
+23.36%
428.00
-4.68%
449.00
Selling General And Administration
492.00
-1.60%
500.00
+22.55%
408.00
+3.29%
395.00
General And Administrative Expense
492.00
-1.60%
500.00
+22.55%
408.00
+3.29%
395.00
Salaries And Wages
259.00
-9.12%
285.00
+35.71%
210.00
-8.30%
229.00
Other Gand A
233.00
+8.37%
215.00
-47.30%
408.00
+3.29%
395.00
Other Operating Expenses
43.00
+53.57%
28.00
+40.00%
20.00
-62.96%
54.00
Total Expenses
13,332.00
+13.39%
11,758.00
+13.95%
10,319.00
-8.27%
11,249.00
Operating Income
3,856.00
-7.80%
4,182.00
-15.33%
4,939.00
-37.64%
7,920.00
EBITDA
7,558.00
+2.58%
7,368.00
-2.36%
7,546.00
-27.22%
10,368.00
Normalized EBITDA
7,469.00
+1.22%
7,379.00
-1.82%
7,516.00
-27.20%
10,324.00
Reconciled Depreciation
3,595.00
+10.45%
3,255.00
+27.45%
2,554.00
+14.89%
2,223.00
EBIT
3,963.00
-3.65%
4,113.00
-17.61%
4,992.00
-38.71%
8,145.00
Total Unusual Items
89.00
+909.09%
-11.00
-136.67%
30.00
-31.82%
44.00
Total Unusual Items Excluding Goodwill
89.00
+909.09%
-11.00
-136.67%
30.00
-31.82%
44.00
Special Income Charges
89.00
+909.09%
-11.00
-136.67%
30.00
-31.82%
44.00
Other Special Charges
—
—
—
—
Impairment Of Capital Assets
—
—
—
—
Restructuring And Mergern Acquisition
—
9.00
0.00
0.00
Write Off
254.00
0.00
0.00
0.00
Net Income
2,642.00
-8.61%
2,891.00
-22.84%
3,747.00
-37.71%
6,015.00
Pretax Income
3,466.00
-6.63%
3,712.00
-19.71%
4,623.00
-40.54%
7,775.00
Net Non Operating Interest Income Expense
-455.00
-25.34%
-363.00
-17.86%
-308.00
+0.32%
-309.00
Interest Expense Non Operating
497.00
+23.94%
401.00
+8.67%
369.00
-0.27%
370.00
Net Interest Income
-455.00
-25.34%
-363.00
-17.86%
-308.00
+0.32%
-309.00
Interest Expense
497.00
+23.94%
401.00
+8.67%
369.00
-0.27%
370.00
Interest Income Non Operating
56.00
-9.68%
62.00
+12.73%
55.00
+44.74%
38.00
Interest Income
56.00
-9.68%
62.00
+12.73%
55.00
+44.74%
38.00
Other Income Expense
65.00
+160.75%
-107.00
-1237.50%
-8.00
-104.88%
164.00
Other Non Operating Income Expenses
-24.00
+75.00%
-96.00
-152.63%
-38.00
-131.67%
120.00
Tax Provision
785.00
+1.95%
770.00
-8.44%
841.00
-51.61%
1,738.00
Tax Rate For Calcs
0.00
+9.52%
0.00
+16.67%
0.00
-18.18%
0.00
Tax Effect Of Unusual Items
20.47
+986.15%
-2.31
-142.78%
5.40
-44.21%
9.68
Net Income Including Noncontrolling Interests
2,681.00
-8.87%
2,942.00
-22.21%
3,782.00
-37.35%
6,037.00
Net Income From Continuing Operation Net Minority Interest
2,642.00
-8.61%
2,891.00
-22.84%
3,747.00
-37.71%
6,015.00
Net Income From Continuing And Discontinued Operation
2,642.00
-8.61%
2,891.00
-22.84%
3,747.00
-37.71%
6,015.00
Net Income Continuous Operations
2,681.00
-8.87%
2,942.00
-22.21%
3,782.00
-37.35%
6,037.00
Net Income Discontinuous Operations
—
—
—
0.00
Minority Interests
-39.00
+23.53%
-51.00
-45.71%
-35.00
-59.09%
-22.00
Normalized Income
2,573.47
-11.25%
2,899.69
-22.10%
3,722.40
-37.76%
5,980.68
Net Income Common Stockholders
2,642.00
-8.61%
2,891.00
-22.84%
3,747.00
-37.71%
6,015.00
Otherunder Preferred Stock Dividend
—
—
—
57.00
Diluted EPS
4.17
-8.55%
4.56
-21.87%
5.84
-36.00%
9.12
Basic EPS
4.18
-8.73%
4.58
-21.84%
5.86
-35.97%
9.15
Basic Average Shares
632.00
+0.00%
632.00
-1.10%
639.00
-2.78%
657.25
Diluted Average Shares
633.00
-0.16%
634.00
-1.25%
642.00
-2.58%
659.00
Diluted NI Availto Com Stockholders
2,642.00
-8.61%
2,891.00
-22.84%
3,747.00
-37.71%
6,015.00
Gain On Sale Of PPE
343.00
+3218.18%
-11.00
-136.67%
30.00
-31.82%
44.00
Total Other Finance Cost
14.00
-41.67%
24.00
+500.00%
-6.00
+73.91%
-23.00
Line Item Trend 2023-12-31
Total Assets
24,490.00
Current Assets
3,157.00
Cash Cash Equivalents And Short Term Investments
875.00
Cash And Cash Equivalents
875.00
Receivables
1,573.00
Accounts Receivable
1,573.00
Gross Accounts Receivable
1,580.00
Allowance For Doubtful Accounts Receivable
-7.00
Taxes Receivable
—
Inventory
249.00
Restricted Cash
—
Other Current Assets
460.00
Total Non Current Assets
21,333.00
Net PPE
19,595.00
Gross PPE
50,494.00
Accumulated Depreciation
-30,899.00
Other Properties
2,556.00
Goodwill And Other Intangible Assets
753.00
Goodwill
753.00
Investments And Advances
666.00
Long Term Equity Investment
617.00
Other Investments
49.00
Other Non Current Assets
319.00
Total Liabilities Net Minority Interest
12,273.00
Current Liabilities
2,949.00
Payables And Accrued Expenses
1,982.00
Payables
1,982.00
Accounts Payable
760.00
Other Payable
1,222.00
Current Debt And Capital Lease Obligation
483.00
Current Debt
483.00
Other Current Borrowings
483.00
Other Current Liabilities
484.00
Total Non Current Liabilities Net Minority Interest
9,324.00
Long Term Debt And Capital Lease Obligation
5,967.00
Long Term Debt
5,672.00
Long Term Capital Lease Obligation
295.00
Long Term Provisions
643.00
Non Current Deferred Liabilities
1,838.00
Non Current Deferred Taxes Liabilities
1,838.00
Other Non Current Liabilities
876.00
Stockholders Equity
12,061.00
Common Stock Equity
12,061.00
Capital Stock
64.00
Common Stock
64.00
Share Issued
636.00
Ordinary Shares Number
635.70
Treasury Shares Number
0.30
Additional Paid In Capital
5,939.00
Retained Earnings
6,195.00
Gains Losses Not Affecting Retained Earnings
-124.00
Treasury Stock
13.00
Minority Interest
156.00
Other Equity Adjustments
-124.00
Total Equity Gross Minority Interest
12,217.00
Total Capitalization
17,733.00
Working Capital
208.00
Invested Capital
18,216.00
Total Debt
6,450.00
Net Debt
5,280.00
Capital Lease Obligations
295.00
Net Tangible Assets
11,308.00
Tangible Book Value
11,308.00
Investments In Other Ventures Under Equity Method
0.00
Investmentsin Joint Venturesat Cost
617.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
6,711.00
+1.68%
6,600.00
+0.86%
6,544.00
-23.28%
8,530.00
Cash Flow From Continuing Operating Activities
6,711.00
+1.68%
6,600.00
+0.86%
6,544.00
-23.28%
8,530.00
Cash From Discontinued Operating Activities
—
—
—
0.00
Net Income From Continuing Operations
2,681.00
-8.87%
2,942.00
-22.21%
3,782.00
-37.35%
6,037.00
Depreciation Amortization Depletion
3,595.00
+10.45%
3,255.00
+27.45%
2,554.00
+14.89%
2,223.00
Other Non Cash Items
181.00
-15.81%
215.00
+726.92%
26.00
+101.86%
-1,397.00
Stock Based Compensation
99.00
+0.00%
99.00
+6.45%
93.00
+5.68%
88.00
Asset Impairment Charge
265.00
+5200.00%
5.00
+0.00%
5.00
-58.33%
12.00
Deferred Tax
484.00
+55.63%
311.00
-17.29%
376.00
-68.11%
1,179.00
Deferred Income Tax
484.00
+55.63%
311.00
-17.29%
376.00
-68.11%
1,179.00
Operating Gains Losses
-745.00
-7350.00%
-10.00
+93.24%
-148.00
-124.10%
614.00
Gain Loss On Investment Securities
-402.00
-1814.29%
-21.00
+82.20%
-118.00
-117.93%
658.00
Change In Working Capital
151.00
+169.59%
-217.00
-50.69%
-144.00
+36.28%
-226.00
Change In Receivables
183.00
+207.65%
-170.00
-189.01%
191.00
+234.51%
-142.00
Changes In Account Receivables
183.00
+207.65%
-170.00
-189.01%
191.00
+234.51%
-142.00
Change In Payables And Accrued Expense
25.00
+178.13%
-32.00
+90.45%
-335.00
-320.39%
152.00
Change In Payable
25.00
+178.13%
-32.00
+90.45%
-335.00
-320.39%
152.00
Change In Other Current Assets
-182.00
-435.29%
-34.00
-157.63%
59.00
+303.45%
-29.00
Change In Other Current Liabilities
125.00
+557.89%
19.00
+132.20%
-59.00
+71.50%
-207.00
Investing Cash Flow
-3,393.00
+53.72%
-7,332.00
-86.00%
-3,942.00
+23.05%
-5,123.00
Cash Flow From Continuing Investing Activities
-3,393.00
+53.72%
-7,332.00
-86.00%
-3,942.00
+23.05%
-5,123.00
Cash From Discontinued Investing Activities
—
—
—
0.00
Net PPE Purchase And Sale
223.00
+105.89%
-3,784.00
-9857.89%
-38.00
+98.51%
-2,544.00
Purchase Of PPE
-322.00
+91.54%
-3,808.00
-5850.00%
-64.00
+97.52%
-2,583.00
Sale Of PPE
545.00
+2170.83%
24.00
-7.69%
26.00
-33.33%
39.00
Capital Expenditure
-3,914.00
+47.48%
-7,453.00
-88.83%
-3,947.00
+22.99%
-5,125.00
Capital Expenditure Reported
-3,592.00
+1.45%
-3,645.00
+6.13%
-3,883.00
-52.75%
-2,542.00
Net Investment Purchase And Sale
-62.00
+47.46%
-118.00
-122.64%
-53.00
+30.26%
-76.00
Purchase Of Investment
-62.00
+47.46%
-118.00
-122.64%
-53.00
+30.26%
-76.00
Net Business Purchase And Sale
0.00
-100.00%
147.00
0.00
0.00
Purchase Of Business
—
—
—
—
Financing Cash Flow
-2,730.00
-486.69%
706.00
+122.17%
-3,184.00
+24.42%
-4,213.00
Cash Flow From Continuing Financing Activities
-2,730.00
-486.69%
706.00
+122.17%
-3,184.00
+24.42%
-4,213.00
Net Issuance Payments Of Debt
-767.00
-127.92%
2,747.00
+1235.12%
-242.00
0.00
Issuance Of Debt
0.00
-100.00%
3,219.00
0.00
0.00
Repayment Of Debt
-767.00
-62.50%
-472.00
-95.04%
-242.00
0.00
Long Term Debt Issuance
0.00
-100.00%
3,219.00
0.00
0.00
Long Term Debt Payments
-767.00
-62.50%
-472.00
-95.04%
-242.00
0.00
Net Long Term Debt Issuance
-767.00
-127.92%
2,747.00
+1235.12%
-242.00
0.00
Net Common Stock Issuance
-1,050.00
+0.66%
-1,057.00
-7.97%
-979.00
-36.35%
-718.00
Common Stock Payments
-1,050.00
+0.66%
-1,057.00
-7.97%
-979.00
-36.35%
-718.00
Common Stock Dividend Paid
-619.00
+33.94%
-937.00
+49.57%
-1,858.00
+45.01%
-3,379.00
Cash Dividends Paid
-619.00
+33.94%
-937.00
+49.57%
-1,858.00
+45.01%
-3,379.00
Repurchase Of Capital Stock
-1,050.00
+0.66%
-1,057.00
-7.97%
-979.00
-36.35%
-718.00
Net Other Financing Charges
-294.00
-525.53%
-47.00
+55.24%
-105.00
+9.48%
-116.00
Changes In Cash
588.00
+2361.54%
-26.00
+95.53%
-582.00
+27.79%
-806.00
Effect Of Exchange Rate Changes
0.00
+100.00%
-3.00
-200.00%
3.00
+127.27%
-11.00
Beginning Cash Position
846.00
-3.31%
875.00
-39.82%
1,454.00
-35.98%
2,271.00
End Cash Position
1,434.00
+69.50%
846.00
-3.31%
875.00
-39.82%
1,454.00
Free Cash Flow
2,797.00
+427.90%
-853.00
-132.85%
2,597.00
-23.73%
3,405.00
Interest Paid Supplemental Data
509.00
+39.07%
366.00
-3.17%
378.00
+2.16%
370.00
Income Tax Paid Supplemental Data
186.00
-61.25%
480.00
+20.00%
400.00
-8.68%
438.00
Dividends Received CFI
38.00
-44.12%
68.00
+112.50%
32.00
-17.95%
39.00
Sale Of Business
0.00
-100.00%
147.00
0.00
0.00
Cash Flow From Discontinued Operation
—
—
—
0.00
Cash From Discontinued Financing Activities
—
—
—
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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