DVN Stock Analysis: Devon Energy | NYSE
Oil & Gas E&P | NYSE, USA | Market Cap: 48.829m USD | 12M Return: 48.6% | US25179M1036 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 484M
EPS Trend: -91.9%
Qual. Beats: 1
Rev. Trend: 86.7%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.6 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: 3.28b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 4.29 > 1.0 |
| NWC/Revenue: -10.12% < 20% (prev 4.58%; Δ -14.70% < -1%) |
| CFO/TA 0.12 > 3% & CFO 8.55b > Net Income 3.28b |
| Net Debt (11.1b) to EBITDA (8.83b): 1.26 < 3 |
| Current Ratio: 0.72 > 1.5 & < 3 |
| Outstanding Shares: last quarter (940.0m) vs 12m ago 47.80% < -2% |
| Gross Margin: 34.04% > 18% (prev 27.81%; Δ 6.23% > 0.5%) |
| Asset Turnover: 38.47% > 50% (prev 54.68%; Δ -16.20% > 0%) |
| Interest Coverage Ratio: 9.28 > 6 (EBIT TTM 4.74b / Interest Expense TTM 511.0m) |
| A: -0.03 (Total Current Assets 5.05b - Total Current Liabilities 7.04b) / Total Assets 70.9b |
| B: 0.17 (Retained Earnings 11.7b / Total Assets 70.9b) |
| C: 0.09 (EBIT TTM 4.74b / Avg Total Assets 51.1b) |
| D: 1.43 (Book Value of Equity 41.7b / Total Liabilities 29.1b) |
| Altman-Z'' = 2.48 = A |
| DSRI: 1.49 (Receivables 3.16b/1.85b, Revenue 19.7b/17.2b) |
| GMI: 0.82 (GM 27.81% / 34.04%) |
| AQI: 0.56 (AQ_t 0.03 / AQ_t-1 0.06) |
| SGI: 1.15 (Revenue 19.7b / 17.2b) |
| TATA: -0.07 (NI 3.28b - CFO 8.55b) / TA 70.9b) |
| Beneish M = -2.95 (Cap -4..+1) = A |
As of August 22, 2026, the stock is trading at USD 49.10 with a total of 9,004,753 shares traded. Over the past week, the price has changed by +7.09%, over one month by +11.34%, over three months by +4.97% and over the past year by +48.64%.
Current recommended Stop Loss: 47.20 (which is 3.9% or 1.4 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 | 59.7 | 21.6% |
P/E Trailing = 9.756
P/E Forward = 8.4602
P/S = 2.5999
P/B = 1.1952
P/EG = 2.9248
Revenue TTM = 19.7b USD
EBIT TTM = 4.74b USD
EBITDA TTM = 8.83b USD
Long Term Debt = 9.89b USD (from longTermDebt, last quarter)
Short Term Debt = 1.50b USD (from shortTermDebt, last quarter)
Debt = 12.1b USD (from shortLongTermDebtTotal, last quarter) + Leases 356.0m
Net Debt = 11.1b USD (calculated: Debt 12.1b - CCE 1.01b)
Enterprise Value = 59.9b USD (48.8b + Debt 12.1b - CCE 1.01b)
Interest Coverage Ratio = 9.28 (Ebit TTM 4.74b / Interest Expense TTM 511.0m)
EV/FCF = 35.79x (Enterprise Value 59.9b / FCF TTM 1.67b)
FCF Yield = 2.79% (FCF TTM 1.67b / Enterprise Value 59.9b)
FCF Margin = 8.51% (FCF TTM 1.67b / Revenue TTM 19.7b)
Net Margin = 16.67% (Net Income TTM 3.28b / Revenue TTM 19.7b)
Gross Margin = 34.04% ((Revenue TTM 19.7b - Cost of Revenue TTM 13.0b) / Revenue TTM)
Gross Margin QoQ = 55.95% (prev 12.14%)
Tobins Q-Ratio = 0.85 (Enterprise Value 59.9b / Total Assets 70.9b)
Interest Expense / Debt = 4.22% (Interest Expense 511.0m / Debt 12.1b)
Taxrate = 21.93% (923.0m / 4.21b)
NOPAT = 3.70b (EBIT 4.74b * (1 - 21.93%))
Current Ratio = 0.72 (Total Current Assets 5.05b / Total Current Liabilities 7.04b)
Debt / Equity = 0.29 (Debt 12.1b / totalStockholderEquity, last quarter 41.7b)
Debt / EBITDA = 1.26 (Net Debt 11.1b / EBITDA 8.83b)
Debt / FCF = 6.63 (Net Debt 11.1b / FCF TTM 1.67b)
Total Stockholder Equity = 22.0b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.41% (Net Income 3.28b / Total Assets 70.9b)
RoE = 14.90% (Net Income TTM 3.28b / Total Stockholder Equity 22.0b)
RoCE = 14.87% (EBIT 4.74b / Capital Employed (Equity 22.0b + L.T.Debt 9.89b))
RoIC = 5.75% (NOPAT 3.70b / Invested Capital 64.4b)
WACC = 6.33% (E(48.8b)/V(60.9b) * Re(7.08%) + D(12.1b)/V(60.9b) * Rd(4.22%) * (1-Tc(0.22)))
Discount Rate = 7.08% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 51.36 | Cagr: 19.30%
[DCF] Terminal Value 75.44% ; FCFF base≈1.67b ; Y1≈1.68b ; Y5≈1.78b
[DCF] Fair Price = 15.09 (EV 27.7b - Net Debt 11.1b = Equity 16.6b / Shares 1.10b; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: -91.93 | EPS CAGR: -14.36% | SUE: 3.24 | # QB: 1
Revenue Correlation: 86.69 | Revenue CAGR: 7.66% | SUE: 4.0 | # QB: 1
EPS current Quarter (2026-09-30): EPS=1.29 | Chg30d=+1.67% | Revisions=-69% | Analysts=19
EPS current Year (2026-12-31): EPS=5.43 | Chg30d=+2.75% | Revisions=-59% | GrowthEPS=+38.5% | GrowthRev=+42.2%
EPS next Year (2027-12-31): EPS=4.88 | Chg30d=-10.81% | Revisions=-15% | GrowthEPS=-9.3% | GrowthRev=+5.0%
[Analyst] Revisions Ratio: -57% (up=7, down=30)