Devon Energy (BMV:DVN *) - Stock Price, News & Analysis

DVN * Stock Overview

An independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States.

About the company

DVN * fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	3/6
Financial Health	4/6
Dividends	4/6

Rewards

Price-To-Earnings ratio (9x) is below the MX market (13.1x)

Analysts in good agreement that stock price will rise by 22.8%

Risk Analysis

Earnings are forecast to decline by an average of 0.8% per year for the next 3 years

Unstable dividend track record

Significant insider selling over the past 3 months

Has a high level of debt

Devon Energy Corporation Competitors

Vista Energy. de

BMV:VISTA A

Mex$77.9b

Diamondback Energy

NasdaqGS:FANG

US$36.3b

Hess

NYSE:HES

US$45.5b

PTT Exploration and Production

SET:PTTEP

฿607.4b

Price History & Performance

Summary of all time highs, changes and price drops for Devon Energy
Historical stock prices
Current Share Price	US$878.00
52 Week High	US$936.00
52 Week Low	US$694.00
Beta	2.12
11 Month Change	8.94%
3 Month Change	5.66%
1 Year Change	6.04%
33 Year Change	56.51%
5 Year Change	65.04%
Change since IPO	69.83%

Recent updates

Shareholder Returns

	DVN *	MX Oil and Gas	MX Market
7D	2.8%	2.9%	-0.6%
1Y	6.0%	31.0%	-3.5%

Return vs Industry: DVN * underperformed the MX Oil and Gas industry which returned 31.3% over the past year.

Return vs Market: DVN * exceeded the MX Market which returned -2.6% over the past year.

Price Volatility

Is DVN *'s price volatile compared to industry and market?
DVN * volatility
DVN * Average Weekly Movement	5.2%
Oil and Gas Industry Average Movement	5.2%
Market Average Movement	4.4%
10% most volatile stocks in MX Market	6.7%
10% least volatile stocks in MX Market	2.5%

Stable Share Price: DVN * has not had significant price volatility in the past 3 months.

Volatility Over Time: DVN *'s weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1971	1,900	Rick Muncrief	www.devonenergy.com

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.

Devon Energy Corporation Fundamentals Summary

How do Devon Energy's earnings and revenue compare to its market cap?
DVN * fundamental statistics
Market cap	Mex$551.58b
Earnings (TTM)	Mex$61.30b
Revenue (TTM)	Mex$263.21b

9.0x

P/E Ratio

2.1x

P/S Ratio

Is DVN * overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
DVN * income statement (TTM)
Revenue	US$14.41b
Cost of Revenue	US$6.63b
Gross Profit	US$7.78b
Other Expenses	US$4.42b
Earnings	US$3.36b

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Aug 06, 2024

Earnings per share (EPS)	5.30
Gross Margin	53.96%
Net Profit Margin	23.29%
Debt/Equity Ratio	49.8%

How did DVN * perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

46%

Payout Ratio

DVN * Stock Overview

Rewards

Risk Analysis

Devon Energy Corporation Competitors

BMV:VISTA A

Mex$77.9b

NasdaqGS:FANG

US$36.3b

NYSE:HES

US$45.5b

SET:PTTEP

฿607.4b

Price History & Performance

Recent News & Updates

Devon Energy Corporation to Report Q2, 2024 Results on Aug 06, 2024

Upcoming dividend of US$0.35 per share

Insider recently sold Mex$17m worth of stock

First quarter dividend of US$0.35 announced

First quarter 2024 earnings released: EPS: US$0.95 (vs US$1.53 in 1Q 2023)

Devon Energy Corporation, Annual General Meeting, Jun 05, 2024

Recent updates

Devon Energy Corporation to Report Q2, 2024 Results on Aug 06, 2024

Upcoming dividend of US$0.35 per share

Insider recently sold Mex$17m worth of stock

First quarter dividend of US$0.35 announced

First quarter 2024 earnings released: EPS: US$0.95 (vs US$1.53 in 1Q 2023)

Devon Energy Corporation, Annual General Meeting, Jun 05, 2024

Devon Energy Corporation to Report Q1, 2024 Results on May 01, 2024

Upcoming dividend of US$0.44 per share

President recently bought Mex$11m worth of stock

Fourth quarter dividend of US$0.44 announced

Devon Energy Corporation Declares Fixed Plus Variable Dividend, Payable on March 28, 2024

Full year 2023 earnings released: EPS: US$5.86 (vs US$9.15 in FY 2022)

Devon Energy Corporation Declares Fixed Plus Variable Dividend, Payable on March 28, 2024

Devon Energy Corporation Announces Executive Changes

Devon Energy Corporation to Report Q4, 2023 Results on Feb 27, 2024

Upcoming dividend of US$0.77 per share at 6.6% yield

New major risk - Revenue and earnings growth

Devon Energy Corporation Declares Dividend for the Second Quarter of 2023, Payable on December 29, 2023

Third quarter 2023 earnings released: EPS: US$1.43 (vs US$2.89 in 3Q 2022)

Devon Energy Corporation to Report Q3, 2023 Results on Nov 07, 2023

Upcoming dividend of US$0.49 per share at 6.5% yield

Second quarter 2023 earnings released: EPS: US$1.08 (vs US$2.94 in 2Q 2022)

Devon Energy Corporation to Report Q2, 2023 Results on Aug 01, 2023

Devon Energy Corporation(NYSE:DVN) dropped from Russell 1000 Growth Index

Upcoming dividend of US$0.72 per share at 9.3% yield

Devon Energy Corporation Provides Production Guidance for the Second Quarter and Full Year 2023

First quarter 2023 earnings released: EPS: US$1.53 (vs US$1.48 in 1Q 2022)

Executive VP & COO recently bought Mex$19m worth of stock

Upcoming dividend of US$0.89 per share at 9.2% yield

President recently bought Mex$4.9m worth of stock

Independent Director recently bought Mex$4.6m worth of stock

Investor sentiment deteriorates as stock falls 16%

Devon Energy Corporation Provides Production Guidance for the First Quarter and Full Year of 2023

Full year 2022 earnings released: EPS: US$9.15 (vs US$4.20 in FY 2021)

Devon Energy Corporation Declares Fixed-Plus-Variable Dividend, payable on March 31, 2023

High number of new directors

Devon Energy Corporation to Report Q4, 2022 Results on Feb 14, 2023

Devon Energy Corporation Provides Production Guidance for the Fourth Quarter of 2022

Devon Energy Corporation Announces Board and Board Committee Changes

Upcoming dividend of US$1.35 per share

Third quarter 2022 earnings released: EPS: US$2.89 (vs US$1.24 in 3Q 2021)

Devon Energy Corporation Provides Production Guidance for the Fourth Quarter of 2022

Investor sentiment improved over the past week

Devon Energy Corporation (NYSE:DVN) completed the acquisition of Validus Energy Services LLC.

Investor sentiment deteriorated over the past week

Devon Energy Corporation to Report Q3, 2022 Results on Nov 01, 2022

Devon Energy Corporation Announces Board Changes

Upcoming dividend of US$1.55 per share

Devon Energy Corporation (NYSE:DVN) entered into a definitive purchase agreement to acquire Validus Energy Services LLC for $1.8 billion.

Devon Energy Corporation Raises Production Forecast for the Full-Year 2022

High number of new directors

Devon Energy Corporation (NYSE:DVN) completed the acquisition of Leasehold Interest and Related Assets in the Williston Basin of RimRock Oil & Gas.

Devon Energy Corporation to Report Q2, 2022 Results on Aug 01, 2022

Investor sentiment deteriorated over the past week

Director recently sold Mex$3.1m worth of stock

Devon Energy Corporation (NYSE:DVN) entered into a definitive purchase agreement to acquire Leasehold Interest and Related Assets in the Williston Basin of RimRock Oil & Gas for approximately $870 million.

Devon Energy Corporation (NYSE:DVN) entered into a definitive purchase agreement to acquire Leasehold Interest and Related Assets in the Williston Basin of RimRock Oil & Gas for approximately $870 million.

Upcoming dividend of US$1.27 per share

Now 21% undervalued