Devon Energy Corporation (DVN)
| Market Cap | 55.90B +148.7% |
| Revenue (ttm) | 18.78B +15.3% |
| Net Income | 3.28B +15.3% |
| EPS | 4.66 +5.1% |
| Shares Out | 1.15B |
| PE Ratio | 10.42 |
| Forward PE | 9.54 |
| Dividend | $1.28 (2.63%) |
| Ex-Dividend Date | Sep 15, 2026 |
| Volume | 39,692,411 |
| Open | 48.57 |
| Previous Close | 48.72 |
| Day's Range | 48.18 - 49.00 |
| 52-Week Range | 31.47 - 52.71 |
| Beta | 0.43 |
| Analysts | Strong Buy |
| Price Target | 60.07 (+23.58%) |
| Earnings Date | Nov 4, 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 Houston, Texas.
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 29 analysts, the average rating for DVN stock is "Strong Buy." The 12-month stock price target is $60.07, which is an increase of 23.58% from the latest price.
News
Devon Energy price target raised to $67 from $64 at Raymond James
Raymond James analyst John Freeman raised the firm’s price target on Devon Energy (DVN) to $67 from $64 and keeps a Strong Buy rating on the shares. Despite solid operational…
Devon Energy price target raised to $63 from $55 at UBS
UBS raised the firm’s price target on Devon Energy (DVN) to $63 from $55 and keeps a Buy rating on the shares. Energy remains attractive as higher oil prices strengthen…
Devon Energy resumed with a Buy at Stifel
Stifel resumed coverage of Devon Energy (DVN) with a Buy rating and $61 price target The firm noted that Devon shares have traded at a “persistent discount to peers,” but…
Seaport starts 16 upstream operators with four Buys, two Sells
Seaport Research initiated coverage of 16 U.S. oil-weighted upstream operators. The firm’s Buy rated names are Devon Energy (DVN), Occidental (OXY), Permian Resources (PR) and Viper Energy (VNOM). Sea...
Devon Energy initiated with a Buy at Seaport Research
Seaport Research initiated coverage of Devon Energy (DVN) with a Buy rating and $65 price target
Devon Energy price target raised to $67 from $65 at Citi
Citi analyst Scott Gruber raised the firm’s price target on Devon Energy (DVN) to $67 from $65 and keeps a Buy rating on the shares. The firm updated the company’s…
Devon Energy announces final investment decision on Solitude Pipeline System
Devon Energy (DVN) announced a final investment decision on the Solitude Pipeline System, a WhiteWater-led joint venture that will construct two 48-inch natural gas pipelines connecting the Permian Ba...
WhiteWater-led venture approves Permian-to-Texas gas pipeline project
Infrastructure company WhiteWater and its joint venture partners Devon Energy , MPLX , Diamondback Energy and Western Midstream Partners said on Monday they had reached a final investment decision (...
Integrating The Delaware Basin: Devon Energy Reaches Final Investment Decision on Solitude Pipeline System
HOUSTON, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE: DVN) today announced a positive Final Investment Decision (“FID”) on the Solitude Pipeline System, a WhiteWater-led joint ven...
Solitude Pipeline System JV reaches positive Final Investment Decision
WhiteWater announced that it, together with Devon Energy (DVN), MPLX LP (MPLX), Diamondback Energy (FANG) and Western Midstream Partners (WES), through their Solitude Pipeline System joint venture, ha...
SOLITUDE PIPELINE SYSTEM REACHES FINAL INVESTMENT DECISION TO TRANSPORT GAS FROM THE PERMIAN BASIN TO THE GULF COAST
AUSTIN, Texas, Aug. 17, 2026 /PRNewswire/ -- WhiteWater today announced that it, together with Devon Energy Corporation (NYSE: DVN), MPLX LP (NYSE: MPLX), Diamondback Energy, Inc. (NASDAQ: FANG) and W...
Devon Energy price target lowered to $58 from $62 at Barclays
Barclays analyst Betty Jiang lowered the firm’s price target on Devon Energy (DVN) to $58 from $62 and keeps an Overweight rating on the shares. The firm adjusted targets in…
Devon Energy price target lowered to $65 from $68 at Wells Fargo
Wells Fargo lowered the firm’s price target on Devon Energy (DVN) to $65 from $68 and keeps an Overweight rating on the shares. The 2027 setup for the lower 48…
Devon Energy price target raised to $65 from $61 at Truist
Truist raised the firm’s price target on Devon Energy (DVN) to $65 from $61 and keeps a Buy rating on the shares.
Devon Energy Earnings Call Transcript: Q2 2026
Q2 saw strong operational and financial performance, with $1.7B in adjusted free cash flow, production and cost metrics exceeding guidance, and rapid integration of Coterra. Permian inventory was enhanced, technology and AI are driving efficiencies, and a robust capital return program is underway.
Devon Energy Earnings release: Q2 2026
Devon Energy released its Q2 2026 earnings on August 5, 2026, summarizing the period's financial results.
Devon Energy Slides: Q2 2026
Devon Energy has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on August 5, 2026.
Devon Energy Quarterly report: Q2 2026
Devon Energy has published its Q2 2026 quarterly earnings report on August 5, 2026.
Devon Energy reports Q2 core EPS $1.57, consensus $1.41
Reports Q2 revenue $7.42B vs. $4.28B last year. “Devon’s first quarter as a combined company demonstrated the full power of this platform, with results that outperformed across every major value…
Devon Energy says FY26 guidance remains unchanged from June
Devon Energy (DVN) stated: “After a strong second-quarter, the company is demonstrating the operational and financial performance which underpin its full-year 2026 guidance, which remains unchanged fr...
US shale producer Devon Energy tops second-quarter profit estimates
Devon Energy on Tuesday reported its highest quarterly profit since 2022, surpassing Wall Street expectations, as a surge in crude oil prices and higher production following its merger with Cot...
Devon Energy Reports Second-Quarter 2026 Results
HOUSTON, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the second-quarter 2026. The company also provided a third-quarter 2026 o...
HXMX's AI Matches Expert Geoscientists in Williston Basin Case Study with Devon Energy
OKLAHOMA CITY & GOLDEN, Colo.--(BUSINESS WIRE)--Devon Energy and HXMX will present joint research at IMAGE 2026 showing that an automated interpretation platform can pick formation tops as reliably as...
Devon Energy mulls $4 billion sale of Eagle Ford, Powder River assets, Bloomberg News reports
U.S. oil and gas producer Devon Energy is weighing a potential sale of its Eagle Ford and Powder River shale assets that could fetch more than $4 billion, Bloomberg News reported on Friday, citing p...
Top 10 Dividend Stocks to Buy in 2026
In this bonus episode of The Morning Filter podcast, co-hosts Dave Sekera and Susan Dziubinski talk dividend stock investing. They unpack the performance of dividend stocks during the first half of 20...