Devon Energy Corporation (DVN)
| Market Cap | 24.13B |
| Revenue (ttm) | 14.53B |
| Net Income (ttm) | 3.40B |
| Shares Out | 656.90M |
| EPS (ttm) | 5.41 |
| PE Ratio | 6.79 |
| Forward PE | 8.51 |
| Dividend | $1.45 (3.95%) |
| Ex-Dividend Date | Dec 13, 2024 |
| Volume | 9,542,592 |
| Open | 37.50 |
| Previous Close | 37.95 |
| Day's Range | 36.43 - 37.65 |
| 52-Week Range | 30.39 - 55.09 |
| Beta | 2.04 |
| Analysts | Buy |
| Price Target | 50.05 (+36.27%) |
| Earnings Date | Feb 18, 2025 |
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. It operates in Delaware, Eagle Ford, Anadarko, Williston, and Powder River Basins. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma. [Read more]
Financial Performance
In 2023, Devon Energy's revenue was $14.43 billion, a decrease of -23.56% compared to the previous year's $18.87 billion. Earnings were $3.75 billion, a decrease of -37.11%.
Financial StatementsAnalyst Forecast
According to 21 analysts, the average rating for DVN stock is "Buy." The 12-month stock price forecast is $50.05, which is an increase of 36.27% from the latest price.
News
Devon Energy Announces Updates to Executive Leadership Team
OKLAHOMA CITY, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE: DVN) today announced key updates to its executive leadership team.
Devon Energy: A Top Energy Rebound Play For 2025
Devon Energy's acquisition of new acreage and focus on share buybacks, along with $70+ petroleum prices, make it an attractive long-term investment. Despite a 23% decline in core earnings in Q3, due t...
Devon Energy: A Turnaround Story In The Making
Devon Energy is rated a BUY due to its counter-cyclical investment opportunity and significant free cash flow growth from the Grayson Mill acquisition. The market has completely forgotten about the GM...
Devon Energy Schedules Fourth-Quarter and Full-Year 2024 Earnings Release and Conference Call
OKLAHOMA CITY, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report fourth-quarter and full-year 2024 results on Tuesday, Feb. 18, after the close of U.S. fi...
Big Dividends And Buybacks: The More It Drops, The More I Buy
While the market is at all-time highs, some sectors are actually in correction territory. I share one that has pulled back by ~10% in recent weeks, yet contains several opportunities with extremely st...
4-Factor Dividend Growth Strategy - Cold Winter Air Creeps Into The Portfolio
The 4-factor dividend growth portfolio is a strategy that leverages the stock selection process of Schwab U.S. Dividend Equity ETF with a few minor twists. The portfolio is experiencing its worst star...
Top 3 Energy Stocks That Could Lead To Your Biggest Gains This Month
The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
Devon Energy May Be Entering A Favorable Commodities Market In 2025
2025's commodity price outlook looks good for Devon Energy; expectations of a slight fall in oil prices is more than offset by projections of rising natural gas and NGL prices. Drilling activities' ef...
Final Trade: DVN, QURE, GOOGL, DFH
The final trades of the day with the Fast Money traders.
How to play energy in 2025
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Devon: Missing Bullish Support - Unloved Status Triggers Rich Upside Potential
The suspension of DVN's variable dividends is only temporary in our view, pending a healthier balance sheet, as the management leans "in heavier on its share repurchase program" at these discounted st...
Why The Market May Get Turned Upside Down In 2025
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Devon Energy Is A Compelling Energy Buy For 2025
Devon Energy is a top choice for energy sector allocation, with strong value metrics and a significant production boost from the Grayson Mill acquisition. The company's stock has dropped over 50% from...
Big Dividends And Buybacks: Permian Resources Or Devon Energy?
The recent pullback in energy stocks presents several attractive buying opportunities for dividend investors. I compare two particularly attractive opportunities in DVN and PR. I share which of these ...
Buy The Dip With Devon Energy
Devon Energy boasts a premium asset portfolio across five basins, with a strong focus on the Delaware Basin, driving efficient production and capital savings. Despite oil price volatility, Devon Energ...
Devon Energy CEO Rick Muncrief to retire, insider Gaspar to take helm
Devon Energy said on Monday that CEO Rick Muncrief, a U.S. shale industry veteran, will step down effective March 1, and will hand over the reins to Chief Operating Officer Clay Gaspar.
Devon Energy President and CEO, Rick Muncrief, to Retire March 1, 2025; Clay Gaspar, Devon Chief Operating Officer, to Succeed Muncrief
OKLAHOMA CITY, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Rick Muncrief, 66, has announced his retirement from the position of President and Chief Executive Officer and member of the Board of Directors of Devo...
Devon Energy: 'When Will I Be Loved?'
Devon Energy Corporation is trading at low multiples and growing its production. Shale companies are oversold in the current market and are primed for a rebound when a catalyst emerges. Investors look...
Drilling Deep, Cashing Big - Devon Energy's Significant Upside Potential
Devon Energy is undervalued, trading at just 3.5x operating cash flow, with a fair value estimate of $82 per share, offering significant upside potential. Despite recent underperformance, DVN's fundam...
Committee Moves: Devon Energy, Transdigm and Reddit
The Investment Committee discuss their latest portfolio moves. Bryn Talkington sells Devon Energy, Steve Weiss sells Transdigm, and Josh Brown talks about the new street high target for Reddit.
Devon Energy Presents A Conundrum
Devon Energy is a $25.5 billion market cap oil E&P company. Its base dividend yields 2.3%, and it also repurchases shares and has paid a variable dividend in the past. Devon is operating well, and its...
Devon Energy sees US crude oil at $60-$80 per barrel for foreseeable future
Benchmark U.S. West Texas Intermediate (WTI) crude oil will cost $60-$80 per barrel in the foreseeable future, shale producer Devon Energy's chief executive officer told attendees at an energy confere...
High Yield Oil And Gas Ranked By Relative Quality
With oil near its one-year low and natural gas near its five-year low, oil and gas producers are on sale; with offering yields over 4%. Thirty-nine energy producers were evaluated by means of a multi-...