Devon Energy Corporation (DVN)
| Market Cap | 53.41B +145.0% |
| Revenue (ttm) | 16.00B -0.8% |
| Net Income | 2.27B -18.7% |
| EPS | 3.61 -17.5% |
| Shares Out | 1.15B |
| PE Ratio | 12.83 |
| Forward PE | 7.76 |
| Dividend | $1.28 (2.76%) |
| Ex-Dividend Date | Jun 15, 2026 |
| Volume | 12,971,638 |
| Open | 45.60 |
| Previous Close | 44.49 |
| Day's Range | 45.48 - 47.08 |
| 52-Week Range | 30.75 - 52.71 |
| Beta | 0.42 |
| Analysts | Strong Buy |
| Price Target | 61.44 (+32.67%) |
| Earnings Date | May 5, 2026 |
About DVN
Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.
Financial Performance
In 2025, Devon Energy's revenue was $16.04 billion, an increase of 5.71% compared to the previous year's $15.17 billion. Earnings were $2.64 billion, a decrease of -8.61%.
Financial StatementsAnalyst Summary
According to 26 analysts, the average rating for DVN stock is "Strong Buy." The 12-month stock price target is $61.44, which is an increase of 32.67% from the latest price.
News
Devon Energy price target raised to $66 from $63 at Truist
Truist analyst Gabe Daoud raised the firm’s price target on Devon Energy (DVN) to $66 from $63 and keeps a Buy rating on the shares. The firm is citing the…
Stone Ridge offers $8B for Devon’s Marcellus shale position, Reuters reports
Devon Energy (DVN) has received a roughly $8B offer from money manager Stone Ridge Asset Management for its Marcellus shale assets, four people familiar with the matter told Reuters’ David…
Exclusive: Devon Energy gets $8 billion offer for Marcellus position, sources say
Devon Energy has received a roughly $8 billion offer from money manager Stone Ridge Asset Management for its Marcellus shale assets, four people familiar with the matter said.
Devon Energy Proxy statement: Proxy filing
Devon Energy filed a proxy statement on May 28, 2026, providing details for shareholder voting and corporate governance matters.
Devon Energy price target raised to $68 from $62 at Mizuho
Mizuho analyst Nitin Kumar raised the firm’s price target on Devon Energy (DVN) to $68 from $62 and keeps an Outperform rating on the shares. The firm expects the impact…
Devon Energy price target raised to $62 from $54 at Barclays
Barclays raised the firm’s price target on Devon Energy (DVN) to $62 from $54 and keeps an Overweight rating on the shares. The firm says depleting inventories, shrinking OPEC spare…
Devon Commences Private Exchange Offers and Coterra Commences Consent Solicitations
HOUSTON, May 22, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE: DVN) (“Devon”) and Coterra Energy Inc. (formerly NYSE: CTRA) (“Coterra”) today announced that, in connection with the complete...
Devon Energy price target raised to $66 from $59 at Morgan Stanley
Morgan Stanley raised the firm’s price target on Devon Energy (DVN) to $66 from $59 and keeps an Overweight rating on the shares.
Devon boosts Delaware Basin footprint with $2.6 billion land acquisition
Devon Energy said on Thursday it bought 16,300 net undeveloped acres in New Mexico's Delaware Basin for approximately $2.6 billion, a move the company says will expand its regional footprint and ...
Devon Energy acquires 16,300 net acres in core of the Delaware Basin
Devon Energy (DVN) announced the successful acquisition of 16,300 net undeveloped acres in the core of the Delaware Basin in Lea and Eddy Counties, New Mexico, for approximately $2.6B, or…
Devon Energy Enhances Permian Inventory in Federal Lease Sale
HOUSTON, May 21, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE: DVN) announced the successful acquisition of 16,300 net undeveloped acres in the core of the Delaware Basin in Lea and Eddy Co...
Devon Energy price target raised to $65 from $60 at Citi
Citi raised the firm’s price target on Devon Energy (DVN) to $65 from $60 and keeps a Buy rating on the shares. Despite the recent rally in the exploration and…
Devon Energy resumed with an In Line at Evercore ISI
Evercore ISI analyst Chris Baker resumed coverage of Devon Energy (DVN) with an In Line rating and $54 price target The company “stands out” with one of the highest free…
Devon Energy raises quarterly dividend by 1.6% to 32c per share
The dividend is payable on June 30, 2026 to shareholders of record as of the close of business on June 15, 2026.
Devon Energy board approves new buyback authorization of $8B
As part of its Capital Update announced yesterday, the company states: “The board of directors has approved a new share repurchase authorization of $8 billion, reflecting confidence in the combined…
Devon Energy upgraded to Buy from Hold at Jefferies
Jefferies upgraded Devon Energy (DVN) to Buy from Hold with a price target of $62, up from $53. Pullbacks in the front of the oil curve create opportunity, and Devon…
Shale producer Devon Energy approves $8 billion share buyback plan
U.S. oil and gas producer Devon Energy said on Thursday its board had approved a $8 billion share repurchase program, a week after activist investor Kimmeridge called for higher shareholder returns.
Devon Energy Announces Capital Return Update
HOUSTON, May 07, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation (“Devon”) (NYSE: DVN) today announced a series of capital return actions following the successful completion of its previously announ...
Devon Energy and Coterra Energy Complete Merger
OKLAHOMA CITY and HOUSTON, May 07, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation (“Devon”) (NYSE: DVN) and Coterra Energy Inc. (“Coterra”) (NYSE: CTRA) today announced the successful completion of...
Devon Energy added to Analyst Current Favorites list at Raymond James
Raymond James analyst John Freeman added Devon Energy (DVN) to the firm’s Analyst Current Favorites list. The list contains the current favorite stock ideas from the firm’s equity analysts. An…
Devon Energy Earnings Call Transcript: Q1 2026
Q1 2026 saw strong free cash flow of $816 million, driven by top-end oil production and capital efficiency. The imminent COTERRA merger will boost scale, with $1B in synergies targeted and a 30% dividend increase planned. AI-driven optimization and robust Delaware Basin activity underpin future growth.
Devon Energy Slides: Q1 2026
Devon Energy has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on May 6, 2026.
Devon Energy Earnings release: Q1 2026
Devon Energy released its Q1 2026 earnings on May 6, 2026, summarizing the period's financial results.
Devon Energy Quarterly report: Q1 2026
Devon Energy has published its Q1 2026 quarterly earnings report on May 6, 2026.
Devon Energy misses first-quarter profit estimates
Devon Energy missed Wall Street expectations for first-quarter profit on Tuesday, as the U.S. shale producer was hurt by lower output.