Devon Energy Corporation (DVN)
| Market Cap | 48.54B +136.4% |
| Revenue (ttm) | 21.57B +30.3% |
| Net Income | 3.60B +32.4% |
| EPS | 4.33 +2.2% |
| Shares Out | 1.15B |
| PE Ratio | 9.75 |
| Forward PE | 7.71 |
| Dividend | $1.28 (3.03%) |
| Ex-Dividend Date | Sep 15, 2026 |
| Volume | 16,798,908 |
| Open | 41.00 |
| Previous Close | 42.88 |
| Day's Range | 40.60 - 43.18 |
| 52-Week Range | 32.06 - 52.71 |
| Beta | 0.48 |
| Analysts | Strong Buy |
| Price Target | 61.69 (+46.15%) |
| Earnings Date | Nov 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 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 28 analysts, the average rating for DVN stock is "Strong Buy." The 12-month stock price target is $61.69, which is an increase of 46.15% from the latest price.
News
Devon Energy Earnings Call Transcript: Q3 2026
Q3 generated $2B of free cash flow and accelerated buybacks after the first full quarter following the Coterra merger. The 2027 plan targets low-single-digit production growth with lower capital, while portfolio actions and synergies are expected to lift capital efficiency.
Devon Energy Earnings release: Q3 2026
Devon Energy released its Q3 2026 earnings on November 6, 2026, summarizing the period's financial results.
Devon Energy Slides: Q3 2026
Devon Energy has posted slides in relation to its Q3 2026 quarterly earnings report, which was published on November 6, 2026.
Devon Energy Shareholder letter: Q3 2026
Devon Energy has published a letter to shareholders covering Q3 2026, which was released on November 6, 2026.
Devon Energy Quarterly report: Q3 2026
Devon Energy has published its Q3 2026 quarterly earnings report on November 6, 2026.
TCIM says ‘profoundly disappointed’ with outcome of Devon strategic review
TOMS Capital Investment Management issued the following statement on Devon Energy (DVN) Corporation: “TCIM is profoundly disappointed that Devon has concluded its strategic review and determined that ...
TCIM Issues Statement Regarding Devon Energy's Strategic Review and Willingness to Engage with Interested Acquirers
NEW YORK--(BUSINESS WIRE)--TOMS Capital Investment Management (“TCIM”) today issued the following statement on Devon Energy Corporation (NYSE: DVN) (“Devon” or the “Company”): “TCIM is profoundly disa...
Devon Energy price target lowered to $57 from $60 at Barclays
Barclays analyst Betty Jiang lowered the firm’s price target on Devon Energy (DVN) to $57 from $60 and keeps an Overweight rating on the shares.
Devon Energy reports Q3 EPS $1.42, consensus $1.31
Reports Q3 revenue $6.86B, consensus $6.85B.
US shale producer Devon Energy tops third-quarter profit estimates
Devon Energy on Thursday surpassed Wall Street expectations for third-quarter profit, boosted by a surge in crude oil prices and higher production.
Devon Energy Reports Third-Quarter 2026 Results
HOUSTON, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the third-quarter 2026 and published a letter to shareholders from Presid...
NEQ Operating Strengthens Leadership Team to Support Next Phase of Growth
John Raines Named President and Chief Operating Officer; Michael Magilton Named Chief Financial Officer HOUSTON, Oct. 27, 2026 (GLOBE NEWSWIRE) -- NEQ Operating, LLC ("NEQ Operating" or the "Company"...
Devon Energy price target lowered to $65 from $68 at Mizuho
Mizuho analyst Nitin Kumar lowered the firm’s price target on Devon Energy (DVN) to $65 from $68 and keeps an Outperform rating on the shares as part of a Q3…
Devon Energy price target raised to $65 from $63 at Morgan Stanley
Morgan Stanley analyst Devin McDermott raised the firm’s price target on Devon Energy (DVN) to $65 from $63 and keeps an Overweight rating on the shares. With oil back near…
Devon Energy initiated with an Outperform at Scotiabank
Scotiabank analyst Mark Lear initiated coverage of Devon Energy (DVN) with an Outperform rating and $61 price target
3 Oil Stocks Analysts Rate as Strong Buys With Up to 24% Upside
Using TipRanks’ Stock Comparison Tool, we identified three oil and gas stocks — Matador Resources ($MTDR), Devon Energy ($DVN), and Diamondback Energy ($FANG) — with Strong Buy consensus ratings and d...
Devon Energy price target raised to $60 from $58 at Barclays
Barclays analyst Betty Jiang raised the firm’s price target on Devon Energy (DVN) to $60 from $58 and keeps an Overweight rating on the shares. The company’s Eagle Ford sale…
Devon Energy Sells Eagle Ford Assets to Crescent Energy for $4.2 Billion
President and CEO Clay Gaspar said the deal is the outcome of an ongoing portfolio review and sharpens the company's focus on its highest-return and longest-duration assets.
Devon Energy Stock Rises After $4.2B Asset Sale to Boost Efficiency
Devon Energy ($DVN) stock is up more than 2% in premarket trading today after the company entered into a definitive agreement to sell its Eagle Ford assets to Crescent Energy…
Devon Energy to sell Eagle Ford assets to Crescent Energy for $4.2B in cash
Devon Energy (DVN) announced it has entered into a definitive agreement to sell its Eagle Ford assets to Crescent Energy (CRGY) for total consideration of $4.2B in cash, subject to…
Devon Energy Announces Agreement to Exit the Eagle Ford for $4.2 Billion
Transaction high-grades Devon's portfolio, monetizes at an attractive valuation and enhances financial flexibility Transaction high-grades Devon's portfolio, monetizes at an attractive valuation and e...
Devon Energy Schedules Third-Quarter 2026 Earnings Release and Conference Call
HOUSTON, Oct. 07, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report third-quarter 2026 results on Thursday, November 5, after the close of U.S. financial markets. ...
Devon Energy price target raised to $65 from $63 at UBS
UBS analyst Josh Silverstein raised the firm’s price target on Devon Energy (DVN) to $65 from $63 and keeps a Buy rating on the shares.
Devon Energy price target lowered to $61 from $65 at Truist
Truist lowered the firm’s price target on Devon Energy (DVN) to $61 from $65 and keeps a Buy rating on the shares. The firm is updating its model heading into…
Devon Energy put volume heavy and directionally bearish
Bearish flow noted in Devon Energy (DVN) with 1,566 puts trading, or 1.1x expected. Most active are Oct-26 42.5 puts and Jan-28 37.5 puts, with total volume in those strikes…