DVN Stock Analysis: Devon Energy | NYSE
Oil & Gas E&P | NYSE, USA | Market Cap: 50.554m USD | 12M Return: 40.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 496M
EPS Trend: -98.4%
Qual. Beats: 0
Rev. Trend: 59.9%
Qual. Beats: -1
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Devon Energy Corporation (NYSE: DVN) is an independent energy company engaged in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. As an independent upstream operator, Devon concentrates exclusively on finding and producing hydrocarbons, without involvement in downstream activities such as refining, transportation, or retail fuel marketing.
The companys operations span several major U.S. producing basins: the Delaware Basin (southeast New Mexico and west Texas), the Eagle Ford (North America), the Anadarko Basin (western Oklahoma), the Williston Basin (North Dakota), and the Powder River Basin (Wyoming). These regions represent key shale and tight-rock plays that have been central to U.S. domestic oil and gas production growth.
Devon Energy was founded in 1971 and is headquartered in Houston, Texas, a leading center of the U.S. oil and gas industry. The company has been listed on the NYSE since 1992.
- Crude oil prices swing Delaware Basin margins and free cash flow
- Variable dividend and buybacks return excess capital to shareholders
- Natural gas exposure weighs on revenue amid low Henry Hub prices
| Net Income: 2.27b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 10.29 > 1.0 |
| NWC/Revenue: 0.17% < 20% (prev 1.71%; Δ -1.54% < -1%) |
| CFO/TA 0.20 > 3% & CFO 6.42b > Net Income 2.27b |
| Net Debt (6.98b) to EBITDA (7.06b): 0.99 < 3 |
| Current Ratio: 1.01 > 1.5 & < 3 |
| Outstanding Shares: last quarter (622.0m) vs 12m ago -3.57% < -2% |
| Gross Margin: 22.13% > 18% (prev 29.25%; Δ -7.11% > 0.5%) |
| Asset Turnover: 52.13% > 50% (prev 54.31%; Δ -2.18% > 0%) |
| Interest Coverage Ratio: 6.99 > 6 (EBIT TTM 3.47b / Interest Expense TTM 497.0m) |
| A: 0.00 (Total Current Assets 4.76b - Total Current Liabilities 4.73b) / Total Assets 32.5b |
| B: 0.31 (Retained Earnings 10.2b / Total Assets 32.5b) |
| C: 0.11 (EBIT TTM 3.47b / Avg Total Assets 31.7b) |
| D: 0.90 (Book Value of Equity 15.4b / Total Liabilities 17.1b) |
| Altman-Z'' = 2.71 = A |
| DSRI: 1.12 (Receivables 2.25b/2.04b, Revenue 16.5b/16.8b) |
| GMI: 1.32 (GM 29.25% / 22.13%) |
| AQI: 1.86 (AQ_t 0.11 / AQ_t-1 0.06) |
| SGI: 0.98 (Revenue 16.5b / 16.8b) |
| TATA: -0.13 (NI 2.27b - CFO 6.42b) / TA 32.5b) |
| Beneish M = -2.15 (Cap -4..+1) = BB |
As of July 23, 2026, the stock is trading at USD 44.88 with a total of 7,640,936 shares traded. Over the past week, the price has changed by +4.54%, over one month by +4.25%, over three months by -4.08% and over the past year by +40.34%.
Current recommended Stop Loss: 42.40 (which is 5.5% or 1.9 ATR below the current price).
Devon Energy has received a consensus analysts rating of 4.15. Therefore, it is recommended to buy DVN.
- StrongBuy: 12
- Buy: 7
- Hold: 8
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 59.4 | 32.3% |
P/E Trailing = 12.2089
P/E Forward = 8.1766
P/S = 1.6592
P/B = 3.2767
P/EG = 2.9248
Revenue TTM = 16.5b USD
EBIT TTM = 3.47b USD
EBITDA TTM = 7.06b USD
Long Term Debt = 7.39b USD (from longTermDebt, last quarter)
Short Term Debt = 999.0m USD (from shortTermDebt, last quarter)
Debt = 8.80b USD (from shortLongTermDebtTotal, last quarter) + Leases 206.0m
Net Debt = 6.98b USD (calculated: Debt 8.80b - CCE 1.81b)
Enterprise Value = 57.5b USD (50.6b + Debt 8.80b - CCE 1.81b)
Interest Coverage Ratio = 6.99 (Ebit TTM 3.47b / Interest Expense TTM 497.0m)
EV/FCF = 21.83x (Enterprise Value 57.5b / FCF TTM 2.64b)
FCF Yield = 4.58% (FCF TTM 2.64b / Enterprise Value 57.5b)
FCF Margin = 15.93% (FCF TTM 2.64b / Revenue TTM 16.5b)
Net Margin = 13.71% (Net Income TTM 2.27b / Revenue TTM 16.5b)
Gross Margin = 22.13% ((Revenue TTM 16.5b - Cost of Revenue TTM 12.9b) / Revenue TTM)
Gross Margin QoQ = 12.14% (prev 23.80%)
Tobins Q-Ratio = 1.77 (Enterprise Value 57.5b / Total Assets 32.5b)
Interest Expense / Debt = 5.65% (Interest Expense 497.0m / Debt 8.80b)
Taxrate = 23.24% (694.0m / 2.99b)
NOPAT = 2.67b (EBIT 3.47b * (1 - 23.24%))
Current Ratio = 1.01 (Total Current Assets 4.76b / Total Current Liabilities 4.73b)
Debt / Equity = 0.57 (Debt 8.80b / totalStockholderEquity, last quarter 15.4b)
Debt / EBITDA = 0.99 (Net Debt 6.98b / EBITDA 7.06b)
Debt / FCF = 2.65 (Net Debt 6.98b / FCF TTM 2.64b)
Total Stockholder Equity = 15.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.15% (Net Income 2.27b / Total Assets 32.5b)
RoE = 14.78% (Net Income TTM 2.27b / Total Stockholder Equity 15.3b)
RoCE = 15.28% (EBIT 3.47b / Capital Employed (Equity 15.3b + L.T.Debt 7.39b))
RoIC = 9.53% (NOPAT 2.67b / Invested Capital 28.0b)
WACC = 7.37% (E(50.6b)/V(59.4b) * Re(7.90%) + D(8.80b)/V(59.4b) * Rd(5.65%) * (1-Tc(0.23)))
Discount Rate = 7.90% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -25.56 | Cagr: -1.12%
[DCF] Terminal Value 75.44% ; FCFF base≈2.64b ; Y1≈2.65b ; Y5≈2.80b
[DCF] Fair Price = 31.76 (EV 43.6b - Net Debt 6.98b = Equity 36.6b / Shares 1.15b; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: -98.38 | EPS CAGR: -17.19% | SUE: -0.66 | # QB: 0
Revenue Correlation: 59.88 | Revenue CAGR: 3.62% | SUE: -0.89 | # QB: -1
EPS current Quarter (2026-06-30): EPS=1.41 | Chg30d=-8.20% | Revisions=-7% | Analysts=18
EPS next Quarter (2026-09-30): EPS=1.24 | Chg30d=-11.03% | Revisions=-7% | Analysts=17
EPS current Year (2026-12-31): EPS=5.12 | Chg30d=-7.04% | Revisions=-7% | GrowthEPS=+30.6% | GrowthRev=+40.3%
EPS next Year (2027-12-31): EPS=5.21 | Chg30d=-4.02% | Revisions=+8% | GrowthEPS=+18.5% | GrowthRev=+14.3%
[Analyst] Revisions Ratio: -4% (up=20, down=22)