Overview Dividends

(DVN) Devon Energy - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US25179M1036

Oil, Gas, Liquids

Oil & Gas Exploration & Production
Market Cap in USD: 23,818m

IPO / Inception: 1992-03-17
Return 12m vs S&P 500: 3.74%

EPS (Earnings per Share)

EPS CAGR: -7.44%
EPS Trend: -78.0%

Last SUE: 1.07
Qual. Beats: 1

Revenue

Rev. CAGR: 0.00%
Rev. Trend: -39.7%

Last SUE: 0.54
Qual. Beats: 0

Dividends

Dividend Yield	2.68%
Yield on Cost 5y	8.13%
Yield CAGR 5y	20.84%
Payout Consistency	91.2%
Payout Ratio	22.6%

Risk via 5d forecast
Volatility	33.9%
Value at Risk 5%th	55.4%
Relative Tail Risk	-0.52%

Reward TTM
Sharpe Ratio	0.60
Alpha	-1.51
CAGR/Max DD	-0.25

Character TTM
Hurst Exponent	0.513
Beta	1.232
Beta Downside	1.817

Drawdowns 3y
Max DD	54.90%
Mean DD	30.14%
Median DD	28.98%

Description: DVN Devon Energy December 17, 2025

Devon Energy Corporation (NYSE: DVN) is an independent U.S. oil and gas producer focused on the exploration, development, and production of crude oil, natural gas, and natural gas liquids across five major basins: the Delaware Basin (NM/TX), Eagle Ford, Anadarko, Williston, and Powder River. Founded in 1971 and headquartered in Oklahoma City, the company operates exclusively within the United States.

As of the latest 2023 annual report, Devon reported average daily production of roughly 388 kboe/d, with oil accounting for about 68 % of the mix, and generated $2.1 billion of operating cash flow, supporting a net debt-to-EBITDA ratio near 1.3×-both metrics indicating strong liquidity and a relatively low leverage profile for a mid-cap E&P firm.

Key economic drivers for Devon include U.S. crude price trends (WTI ± $10 range historically moves earnings by ~5 % per $1 change), capital-intensive drilling cycles in the Delaware and Eagle Ford basins, and the broader macro-environment of interest rates that affect financing costs and the attractiveness of upstream investment.

For a deeper, data-rich view of Devon’s valuation dynamics, a quick look at ValueRay’s analyst dashboards can help you spot any emerging risk-adjusted opportunities.

Piotroski VR‑10 (Strict, 0-10) 7.0

Net Income (2.72b TTM) > 0 and > 6% of Revenue (6% = 1.01b TTM)

FCFTA 0.10 (>2.0%) and ΔFCFTA 11.82pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -1.04% (prev 2.15%; Δ -3.18pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.22 (>3.0%) and CFO 6.84b > Net Income 2.72b (YES >=105%, WARN >=100%)

Net Debt (7.27b) to EBITDA (7.76b) ratio: 0.94 <= 3.0 (WARN <= 3.5)

Current Ratio 0.96 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (636.0m) change vs 12m ago 2.09% (target <= -2.0% for YES)

Gross Margin 23.20% (prev 30.87%; Δ -7.67pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 54.90% (prev 50.18%; Δ 4.72pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 7.75 (EBITDA TTM 7.76b / Interest Expense TTM 527.0m) >= 6 (WARN >= 3)

Altman Z'' 2.52

(A) -0.01 = (Total Current Assets 3.87b - Total Current Liabilities 4.04b) / Total Assets 31.22b

(B) 0.31 = Retained Earnings (Balance) 9.79b / Total Assets 31.22b

(D) 0.61 = Book Value of Equity 9.73b / Total Liabilities 15.87b

Total Rating: 2.52 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 66.58

1. Piotroski 7.0pt

2. FCF Yield 9.73%

3. FCF Margin 17.96%

4. Debt/Equity 0.56

5. Debt/Ebitda 0.94

6. ROIC - WACC (= 5.09)%

7. RoE 18.29%

8. Rev. Trend -39.68%

9. EPS Trend -78.00%

What is the price of DVN shares?

As of December 23, 2025, the stock is trading at USD 36.43 with a total of 5,965,474 shares traded.
Over the past week, the price has changed by +0.72%, over one month by +2.04%, over three months by +8.73% and over the past year by +20.87%.

Is DVN a buy, sell or hold?

Devon Energy has received a consensus analysts rating of 4.15. Therefore, it is recommended to buy DVN.

Strong Buy: 12
Buy: 7
Hold: 8
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the DVN price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	45.3	24.3%
Analysts Target Price	45.3	24.3%
ValueRay Target Price	37.1	1.9%

DVN Fundamental Data Overview December 16, 2025

Market Cap USD = 23.82b (23.82b USD * 1.0 USD.USD)
P/E Trailing = 8.8491
P/E Forward = 10.3093
P/S = 1.4388
P/B = 1.5333
P/EG = 14.898
Beta = 0.673
Revenue TTM = 16.88b USD
EBIT TTM = 4.09b USD
EBITDA TTM = 7.76b USD
Long Term Debt = 7.39b USD (from longTermDebt, last quarter)
Short Term Debt = 998.0m USD (from shortTermDebt, last quarter)
Debt = 8.55b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 7.27b USD (from netDebt column, last quarter)
Enterprise Value = 31.14b USD (23.82b + Debt 8.55b - CCE 1.23b)
Interest Coverage Ratio = 7.75 (Ebit TTM 4.09b / Interest Expense TTM 527.0m)
FCF Yield = 9.73% (FCF TTM 3.03b / Enterprise Value 31.14b)
FCF Margin = 17.96% (FCF TTM 3.03b / Revenue TTM 16.88b)
Net Margin = 16.11% (Net Income TTM 2.72b / Revenue TTM 16.88b)
Gross Margin = 23.20% ((Revenue TTM 16.88b - Cost of Revenue TTM 12.96b) / Revenue TTM)
Gross Margin QoQ = 23.90% (prev 21.20%)
Tobins Q-Ratio = 1.00 (Enterprise Value 31.14b / Total Assets 31.22b)
Interest Expense / Debt = 1.46% (Interest Expense 125.0m / Debt 8.55b)
Taxrate = 24.01% (219.0m / 912.0m)
NOPAT = 3.10b (EBIT 4.09b * (1 - 24.01%))
Current Ratio = 0.96 (Total Current Assets 3.87b / Total Current Liabilities 4.04b)
Debt / Equity = 0.56 (Debt 8.55b / totalStockholderEquity, last quarter 15.35b)
Debt / EBITDA = 0.94 (Net Debt 7.27b / EBITDA 7.76b)
Debt / FCF = 2.40 (Net Debt 7.27b / FCF TTM 3.03b)
Total Stockholder Equity = 14.86b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.71% (Net Income 2.72b / Total Assets 31.22b)
RoE = 18.29% (Net Income TTM 2.72b / Total Stockholder Equity 14.86b)
RoCE = 18.36% (EBIT 4.09b / Capital Employed (Equity 14.86b + L.T.Debt 7.39b))
RoIC = 13.14% (NOPAT 3.10b / Invested Capital 23.62b)
WACC = 8.05% (E(23.82b)/V(32.37b) * Re(10.54%) + D(8.55b)/V(32.37b) * Rd(1.46%) * (1-Tc(0.24)))
Discount Rate = 10.54% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.16%
[DCF Debug] Terminal Value 60.10% ; FCFE base≈3.03b ; Y1≈1.99b ; Y5≈910.0m
Fair Price DCF = 19.98 (DCF Value 12.53b / Shares Outstanding 627.3m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -78.00 | EPS CAGR: -7.44% | SUE: 1.07 | # QB: 1
Revenue Correlation: -39.68 | Revenue CAGR: 0.0% | SUE: 0.54 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.01 | Chg30d=+0.000 | Revisions Net=+4 | Analysts=18
EPS next Year (2026-12-31): EPS=4.18 | Chg30d=-0.025 | Revisions Net=+9 | Growth EPS=+3.5% | Growth Revenue=-8.8%

Additional Sources for DVN Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle