DVN Stock Analysis: Devon Energy | NYSE
Oil & Gas E&P | NYSE, USA | Market Cap: 55.803m USD | 12M Return: 61.8% | US25179M1036 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 432M
EPS Trend: -91.9%
Qual. Beats: 1
Rev. Trend: 86.7%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.7 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 a large-cap U.S. independent energy company headquartered in Houston, Texas, focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. Founded in 1971 and publicly traded since 1992, the company operates across five core U.S. basins: the Delaware (southeast New Mexico/west Texas), Eagle Ford, Anadarko Basin (western Oklahoma), Williston Basin (North Dakota), and Powder River Basin (Wyoming).
As an independent E&P operator, Devon is classified within the Oil & Gas Exploration & Production sub-industry of the Energy sector. Independents like Devon typically focus exclusively on upstream activities-finding and producing hydrocarbons-without the integrated downstream refining or marketing operations that distinguish major oil companies. Devons multi-basin portfolio provides geographic diversification across some of the most prolific U.S. onshore shale plays, which together account for the bulk of domestic tight oil and gas production growth.
- WTI crude prices swing upstream revenue and margins
- Delaware Basin production volumes drive total output growth
- Variable dividend and buybacks boost shareholder capital returns
| 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 October 21, 2026, the stock is trading at USD 50.38 with a total of 8,817,308 shares traded. Over the past week, the price has changed by +0.34%, over one month by +5.86%, over three months by +15.82% and over the past year by +61.80%.
Current recommended Stop Loss: 48.50 (which is 3.7% or 1.4 ATR below the current price).
Devon Energy has received a consensus analysts rating of 4.69. Therefore, it is recommended to buy DVN.
- StrongBuy: 22
- Buy: 5
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 60.9 | 20.9% |
P/E Trailing = 11.0523
P/E Forward = 9.2937
P/S = 2.9712
P/B = 1.2366
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 = 66.9b USD (55.8b + Debt 12.1b - CCE 1.01b)
Interest Coverage Ratio = 9.28 (Ebit TTM 4.74b / Interest Expense TTM 511.0m)
EV/FCF = 39.96x (Enterprise Value 66.9b / FCF TTM 1.67b)
FCF Yield = 2.50% (FCF TTM 1.67b / Enterprise Value 66.9b)
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 = 0.94 (Enterprise Value 66.9b / 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 = 6.04% (E(55.8b)/V(67.9b) * Re(6.63%) + D(12.1b)/V(67.9b) * Rd(4.22%) * (1-Tc(0.22)))
Discount Rate = 6.63% (= 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=1.27 | Chg30d=+2.76% | Revisions=+42% | Analysts=22
EPS current Year (2026-12-31): EPS=5.45 | Chg30d=+1.36% | Revisions=+24% | GrowthEPS=+38.9% | GrowthRev=+48.3%
EPS next Year (2027-12-31): EPS=4.86 | Chg30d=+0.81% | Revisions=+10% | GrowthEPS=-10.1% | GrowthRev=+3.9%
[Analyst] Revisions Ratio: +30% (up=20, down=10)