(DVN) Devon Energy - Overview
Sector: Energy | Industry: Oil & Gas E&P | Exchange: NYSE (USA) | Market Cap: 57.061m USD | Total Return: 55.6% in 12m
Avg Turnover: 690M
EPS Trend: -98.4%
Qual. Beats: 1
Rev. Trend: 54.5%
Qual. Beats: 2
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
Devon Energy Corporation (DVN) is an independent energy company headquartered in Oklahoma City, focusing on the exploration, development, and production of oil, natural gas, and natural gas liquids. Its operations are concentrated in five primary North American basins: the Delaware, Eagle Ford, Anadarko, Williston, and Powder River.
The company utilizes an unconventional resource play model, leveraging horizontal drilling and hydraulic fracturing to extract hydrocarbons from shale formations. As an upstream producer, Devon’s revenue is highly sensitive to regional benchmark pricing and infrastructure capacity in the Permian and Mid-Continent regions. For a deeper look at the companys valuation metrics, consider reviewing the data on ValueRay.
- Crude oil and natural gas price volatility dictates operating cash flow levels
- Delaware Basin production output drives overall volume growth and revenue performance
- Fixed-plus-variable dividend policy influences investor sentiment and equity valuation
- Drilling and completion cost inflation impacts capital expenditure efficiency and margins
- Federal land leasing regulations create operational risks for New Mexico assets
| Net Income: 2.27b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 10.44 > 1.0 |
| NWC/Revenue: 0.17% < 20% (prev 1.74%; Δ -1.57% < -1%) |
| CFO/TA 0.20 > 3% & CFO 6.47b > Net Income 2.27b |
| Net Debt (6.97b) to EBITDA (7.58b): 0.92 < 3 |
| Current Ratio: 1.01 > 1.5 & < 3 |
| Outstanding Shares: last quarter (622.0m) vs 12m ago -3.57% < -2% |
| Gross Margin: 22.72% > 18% (prev 0.28%; Δ 2.24k% > 0.5%) |
| Asset Turnover: 52.76% > 50% (prev 53.47%; Δ -0.71% > 0%) |
| Interest Coverage Ratio: 8.04 > 6 (EBITDA TTM 7.58b / 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: 0.13 (EBIT TTM 4.00b / Avg Total Assets 31.7b) |
| D: 0.59 (Book Value of Equity 10.1b / Total Liabilities 17.1b) |
| Altman-Z'' = 2.49 = A |
| DSRI: 1.09 (Receivables 2.25b/2.04b, Revenue 16.7b/16.5b) |
| GMI: 1.23 (GM 22.72% / 27.97%) |
| AQI: 1.86 (AQ_t 0.11 / AQ_t-1 0.06) |
| SGI: 1.01 (Revenue 16.7b / 16.5b) |
| TATA: -0.13 (NI 2.27b - CFO 6.47b) / TA 32.5b) |
| Beneish M = -2.35 (Cap -4..+1) = BBB |
As of May 24, 2026, the stock is trading at USD 47.11 with a total of 17,764,682 shares traded.
Over the past week, the price has changed by -4.59%,
over one month by +0.21%,
over three months by +8.69% and
over the past year by +55.56%.
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 | 60 | 27.4% |
P/E Forward = 8.6133
P/S = 3.5657
P/B = 3.4086
P/EG = 2.9248
Revenue TTM = 16.7b USD
EBIT TTM = 4.00b USD
EBITDA TTM = 7.58b USD
Long Term Debt = 7.39b USD (from longTermDebt, last fiscal year)
Short Term Debt = 999.0m USD (from shortTermDebt, last quarter)
Debt = 8.79b USD (from shortLongTermDebtTotal, last quarter) + Leases 197.0m
Net Debt = 6.97b USD (calculated: Debt 8.79b - CCE 1.81b)
Enterprise Value = 64.0b USD (57.1b + Debt 8.79b - CCE 1.81b)
Interest Coverage Ratio = 8.04 (Ebit TTM 4.00b / Interest Expense TTM 497.0m)
EV/FCF = 23.85x (Enterprise Value 64.0b / FCF TTM 2.69b)
FCF Yield = 4.19% (FCF TTM 2.69b / Enterprise Value 64.0b)
FCF Margin = 16.04% (FCF TTM 2.69b / Revenue TTM 16.7b)
Net Margin = 13.55% (Net Income TTM 2.27b / Revenue TTM 16.7b)
Gross Margin = 22.72% ((Revenue TTM 16.7b - Cost of Revenue TTM 12.9b) / Revenue TTM)
Gross Margin QoQ = 25.24% (prev 20.12%)
Tobins Q-Ratio = 1.97 (Enterprise Value 64.0b / Total Assets 32.5b)
Interest Expense / Debt = 5.65% (Interest Expense 497.0m / Debt 8.79b)
Taxrate = 27.71% (46.0m / 166.0m)
NOPAT = 2.89b (EBIT 4.00b * (1 - 27.71%))
Current Ratio = 1.01 (Total Current Assets 4.76b / Total Current Liabilities 4.73b)
Debt / Equity = 0.57 (Debt 8.79b / totalStockholderEquity, last quarter 15.4b)
Debt / EBITDA = 0.92 (Net Debt 6.97b / EBITDA 7.58b)
Debt / FCF = 2.60 (Net Debt 6.97b / FCF TTM 2.69b)
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 = 17.59% (EBIT 4.00b / Capital Employed (Equity 15.3b + L.T.Debt 7.39b))
RoIC = 10.28% (NOPAT 2.89b / Invested Capital 28.1b)
WACC = 7.84% (E(57.1b)/V(65.9b) * Re(8.42%) + D(8.79b)/V(65.9b) * Rd(5.65%) * (1-Tc(0.28)))
Discount Rate = 8.42% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -36.80 | Cagr: -1.12%
[DCF] Terminal Value 75.44% ; FCFF base≈2.69b ; Y1≈2.70b ; Y5≈2.86b
[DCF] Fair Price = 32.48 (EV 44.4b - Net Debt 6.97b = Equity 37.4b / Shares 1.15b; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: -98.38 | EPS CAGR: -17.19% | SUE: 3.33 | # QB: 1
Revenue Correlation: 54.49 | Revenue CAGR: 3.15% | SUE: 2.76 | # QB: 2
EPS current Quarter (2026-06-30): EPS=1.52 | Chg30d=-8.37% | Revisions=-8% | Analysts=17
EPS next Quarter (2026-09-30): EPS=1.31 | Chg30d=+5.79% | Revisions=+8% | Analysts=16
EPS current Year (2026-12-31): EPS=5.09 | Chg30d=-2.15% | Revisions=-25% | GrowthEPS=+30.0% | GrowthRev=+33.2%
EPS next Year (2027-12-31): EPS=5.43 | Chg30d=+4.04% | Revisions=+27% | GrowthEPS=+9.9% | GrowthRev=+17.9%
[Analyst] Revisions Ratio: +27%