Devon Energy Corporation (DVN)
| Market Cap | 53.75B +167.0% |
| Revenue (ttm) | 16.00B -0.8% |
| Net Income | 2.27B -18.7% |
| EPS | 3.61 -17.5% |
| Shares Out | 1.15B |
| PE Ratio | 12.91 |
| Forward PE | 7.93 |
| Dividend | $1.28 (2.75%) |
| Ex-Dividend Date | Jun 15, 2026 |
| Volume | 20,352,134 |
| Open | 44.95 |
| Previous Close | 44.07 |
| Day's Range | 44.94 - 47.18 |
| 52-Week Range | 31.45 - 52.71 |
| Beta | 0.42 |
| Analysts | Strong Buy |
| Price Target | 61.19 (+31.31%) |
| 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 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 27 analysts, the average rating for DVN stock is "Strong Buy." The 12-month stock price target is $61.19, which is an increase of 31.31% from the latest price.
News
Devon Energy stock jumps 6% as analysts back Coterra integration
Devon Energy (NYSE: DVN) shares climbed more than 6% on Wednesday after analysts responded positively to the company's latest operational update and outlook following its acquisition of Coterra Energy...
Devon Energy price target lowered to $58 from $60 at UBS
UBS lowered the firm’s price target on Devon Energy (DVN) to $58 from $60 and keeps a Buy rating on the shares.
Devon Energy upgraded to Outperform from In Line at Evercore ISI
Evercore ISI upgraded Devon Energy (DVN) to Outperform from In Line with a $54 price target The better than expected mid-month update underscores not just improving capital efficiency, but also…
Devon Energy provides full-year forecast after merger with Coterra Energy
Devon Energy on Tuesday said it expects production to average 1.38 million barrels of oil equivalent per day in 2026, including oil output of 500,000 barrels per day, following the completion of...
Devon Energy estimates 1.38M BOE/day in combined production in 2026
Devon Energy (DVN) “provided an updated outlook for the combined company following the recent completion of its transformative merger with Coterra Energy. Combined Production is expected to average 1....
Devon Energy Provides Updated 2026 Outlook
HOUSTON, June 09, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today provided an updated outlook for the combined company following the recent completion of its transformative merger with C...
Marcellus Assets Create New Financing Possibilities
Just a few short weeks after completing a $58B merger with Coterra Energy earlier in May, Devon Energy received an offer of $8B for its shale assets in the Marcellus region of Pennsylvania. The offer,...
Devon Announces Results of Early Participation in Private Exchange Offers and Consent Solicitations and Extension of Deadline to Receive Total Exchange Consideration
HOUSTON, June 08, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE: DVN) (“Devon”) today announced that, in connection with the previously announced offers to Eligible Holders (as defined herei...
Devon Energy reinstated with an Overweight at JPMorgan
JPMorgan reinstated coverage of Devon Energy (DVN) with an Overweight rating and $62 price target following a period of restriction. The firm views current levels of an attractive entry point.
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…
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...