Devon Energy Corporation (DVN)
| Market Cap | 55.03B +150.8% |
| Revenue (ttm) | 18.78B +15.3% |
| Net Income | 3.28B +15.3% |
| EPS | 4.66 +5.1% |
| Shares Out | 1.15B |
| PE Ratio | 10.27 |
| Forward PE | 9.12 |
| Dividend | $1.28 (2.67%) |
| Ex-Dividend Date | Sep 15, 2026 |
| Volume | 905,144 |
| Open | 47.48 |
| Previous Close | 47.98 |
| Day's Range | 47.21 - 47.98 |
| 52-Week Range | 31.47 - 52.71 |
| Beta | 0.54 |
| Analysts | Strong Buy |
| Price Target | 60.64 (+26.72%) |
| Est. Earnings | 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 $60.64, which is an increase of 26.72% from the latest price.
News
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…
These Energy Companies Put Oklahoma City on the Map. Now They're Moving to Texas.
The departures of Devon Energy and Expand Energy are the latest sign that oil-and-gas mergers are consolidating the industry in Houston.
Devon Energy price target raised to $65 from $60 at JPMorgan
JPMorgan raised the firm’s price target on Devon Energy (DVN) to $65 from $60 and keeps an Overweight rating on the shares. The firm cites the increase in strip pricing…
3 Oil Stocks Analysts Say Are Buys with Over 25% Upside
Using TipRanks’ Stock Comparison Tool, we identified three oil and gas stocks — Matador Resources ($MTDR), Devon Energy ($DVN), and Diamondback Energy ($FANG) — that have a Strong Buy consensus rating...
BP weighs deal for Devon U.S. shale assets, Reuters reports
BP (BP) is considering a deal for Devon Energy’s (DVN) operations in South Texas, David French and Arathy Somasekhar of Reuters report, citing people familiar with the matter. BP has…
BP eyes Devon Energy asset amid renewed US M&A ambitions, sources say
BP is weighing a potential acquisition of Devon Energy's operations in South Texas as part of renewed efforts by the British supermajor to grow its shale asset base in the United States, people fami...
Why Toms Capital wants Devon Energy to consider a sale
Devon Energy (DVN) shares are pushing higher this morning following reports that activist hedge fund Toms Capital Management is urging the oil and gas producer to explore strategic alternatives, inclu...
Devon Energy up 2% as activist pushes for sale exploration
Shares of Devon Energy (DVN) are up about 2% in early trading to $47.74 after CNBC’s David Faber reported, citing sources, that activist firm Toms Capital is urging the company…
3 Strong Buy Oil Stocks with Over 25% Upside Potential
Using TipRanks’ Stock Comparison Tool, we identified three oil and gas stocks — Antero Resources ($AR), Matador Resources ($MTDR), and Devon Energy ($DVN) — that have a Strong Buy consensus rating and...
Activist Toms Capital urges Devon Energy in letter to explore alternatives, including a sale
Activist hedge fund Toms Capital Management sent a letter earlier this month to Devon Energy urging the Houston-based oil and gas company to review strategic alternatives, including a sale.
Activist Toms Capital urging Devon Energy to explore sale, CNBC reports
Activist Toms Capital is urging Devon Energy (DVN) to explore strategic alternatives, including a possible sale, reported CNBC’s David Faber, citing sources.
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 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.