Devon Energy Corporation (DVN)

NYSE: DVN · IEX Real-Time Price · USD
49.95
+0.48 (0.98%)
Mar 28, 2024, 12:00 PM EDT - Market open

Total Valuation

Devon Energy has a market cap or net worth of $30.98 billion. The enterprise value is $36.56 billion.

Market Cap 30.98B
Enterprise Value 36.56B

Important Dates

The next confirmed earnings date is Wednesday, May 1, 2024, after market close.

Earnings Date May 1, 2024
Ex-Dividend Date Mar 14, 2024

Share Statistics

Devon Energy has 635.00 million shares outstanding. The number of shares has decreased by -2.10% in one year.

Shares Outstanding 635.00M
Shares Change (YoY) -2.10%
Shares Change (QoQ) n/a
Owned by Insiders (%) 0.71%
Owned by Institutions (%) 70.83%
Float 629.62M

Valuation Ratios

The trailing PE ratio is 8.55 and the forward PE ratio is 10.24. Devon Energy's PEG ratio is 0.40.

PE Ratio 8.55
Forward PE 10.24
PS Ratio 2.03
Forward PS 2.06
PB Ratio 2.57
P/FCF Ratio 11.81
PEG Ratio 0.40
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 4.91, with an EV/FCF ratio of 13.94.

EV / Earnings 9.76
EV / Sales 2.40
EV / EBITDA 4.91
EV / EBIT 7.47
EV / FCF 13.94

Financial Position

The company has a current ratio of 1.07, with a Debt / Equity ratio of 0.53.

Current Ratio 1.07
Quick Ratio 0.83
Debt / Equity 0.53
Debt / EBITDA 0.87
Debt / FCF 2.46
Interest Coverage 15.90

Financial Efficiency

Return on equity (ROE) is 32.80% and return on invested capital (ROIC) is 21.92%.

Return on Equity (ROE) 32.80%
Return on Assets (ROA) 15.70%
Return on Capital (ROIC) 21.92%
Revenue Per Employee $8.03M
Profits Per Employee $1.97M
Employee Count 1,900
Asset Turnover 0.64
Inventory Turnover 32.61

Taxes

In the past 12 months, Devon Energy has paid $841.00 million in taxes.

Income Tax 841.00M
Effective Tax Rate 18.33%

Stock Price Statistics

The stock price has increased by +2.57% in the last 52 weeks. The beta is 2.20, so Devon Energy's price volatility has been higher than the market average.

Beta (1Y) 2.20
52-Week Price Change +2.57%
50-Day Moving Average 44.40
200-Day Moving Average 46.97
Relative Strength Index (RSI) 78.78
Average Volume (30 Days) 8,154,106

Short Selling Information

The latest short interest is 16.51 million, so 2.60% of the outstanding shares have been sold short.

Short Interest 16.51M
Short Previous Month 15.01M
Short % of Shares Out 2.60%
Short % of Float 2.62%
Short Ratio (days to cover) 2.16

Income Statement

In the last 12 months, Devon Energy had revenue of $15.26 billion and earned $3.75 billion in profits. Earnings per share was $5.84.

Revenue 15.26B
Gross Profit 7.92B
Operating Income 4.97B
Pretax Income 4.59B
Net Income 3.75B
EBITDA 7.45B
EBIT 4.90B
Earnings Per Share (EPS) $5.84
Full Income Statement

Balance Sheet

The company has $875.00 million in cash and $6.45 billion in debt, giving a net cash position of -$5.58 billion or -$8.78 per share.

Cash & Cash Equivalents 875.00M
Total Debt 6.45B
Net Cash -5.58B
Net Cash Per Share -$8.78
Equity / Book Value 12.06B
Book Value Per Share 18.99
Working Capital 208.00M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $6.54 billion and capital expenditures -$3.92 billion, giving a free cash flow of $2.62 billion.

Operating Cash Flow 6.54B
Capital Expenditures -3.92B
Free Cash Flow 2.62B
FCF Per Share $4.10
Full Cash Flow Statement

Margins

Gross margin is 51.91%, with operating and profit margins of 32.57% and 24.56%.

Gross Margin 51.91%
Operating Margin 32.57%
Pretax Margin 30.07%
Profit Margin 24.56%
EBITDA Margin 48.83%
EBIT Margin 32.09%
FCF Margin 17.19%

Dividends & Yields

This stock pays an annual dividend of $2.42, which amounts to a dividend yield of 4.84%.

Dividend Per Share $2.42
Dividend Yield 4.84%
Dividend Growth (YoY) -52.17%
Years of Dividend Growth n/a
Payout Ratio 41.44%
Buyback Yield 2.10%
Shareholder Yield 6.99%
Earnings Yield 12.09%
FCF Yield 8.47%
Dividend Details

Analyst Forecast

The average price target for Devon Energy is $56.43, which is 12.89% higher than the current price. The consensus rating is "Buy".

Price Target $56.43
Price Target Difference 12.89%
Analyst Consensus Buy
Analyst Count 15
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) 2.84%
Stock Forecasts

Stock Splits

The last stock split was on November 16, 2004. It was a forward split with a ratio of 2:1.

Last Split Date Nov 16, 2004
Split Type Forward
Split Ratio 2:1

Scores

Devon Energy has an Altman Z-Score of 3.16 and a Piotroski F-Score of 6.

Altman Z-Score 3.16
Piotroski F-Score 6