| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 2/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 5/6 |
DVN Stock Overview
Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States.
Devon Energy Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$46.12 |
| 52 Week High | US$51.99 |
| 52 Week Low | US$16.11 |
| Beta | 3.06 |
| 1 Month Change | 9.06% |
| 3 Month Change | 14.05% |
| 1 Year Change | 159.10% |
| 3 Year Change | 69.25% |
| 5 Year Change | -1.12% |
| Change since IPO | 596.15% |
Recent News & Updates
Can Devon Energy Stock Continue To Climb Or Will It Reverse?
Devon Energy's stock price has gone up as a result of positive surprises relating to the company's capital return for shareholders and financial performance. Devon Energy's share price can continue to climb this year, given its status as a high-yield dividend play. I view DVN's shares as a Buy, as its forward EV/EBITDA valuations remain attractive which implies potential for further capital appreciation upside.
Devon Energy Corp.: The Recent Weakness Is An Opportunity
The company announced better-than-expected adjusted earnings of $1.08 compared to a loss of $0.04 per share in the year-ago quarter. Devon Energy produced a record of 608K Boep/d in the third quarter, or 7.2% higher than the 2Q21. For the third quarter of 2021, the total dividend payment is $0.84 per share. I recommend buying DVN below $41.
Is Devon Energy Corporation (NYSE:DVN) Trading At A 45% Discount?
How far off is Devon Energy Corporation ( NYSE:DVN ) from its intrinsic value? Using the most recent financial data...
Shareholder Returns
| DVN | US Oil and Gas | US Market | |
|---|---|---|---|
| 7D | -8.5% | 0.4% | -4.0% |
| 1Y | 159.1% | 48.8% | 6.6% |
Return vs Industry: DVN exceeded the US Oil and Gas industry which returned 48.8% over the past year.
Return vs Market: DVN exceeded the US Market which returned 6.6% over the past year.
Price Volatility
| DVN volatility | |
|---|---|
| DVN Average Weekly Movement | 6.8% |
| Oil and Gas Industry Average Movement | 7.2% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: DVN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: DVN's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1971 | 1,400 | Rick Muncrief | https://www.devonenergy.com |
Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 3,942 gross wells. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.
Devon Energy Fundamentals Summary
| DVN fundamental statistics | |
|---|---|
| Market Cap | US$31.21b |
| Earnings (TTM) | US$1.22b |
| Revenue (TTM) | US$10.41b |
25.6x
P/E Ratio3.0x
P/S RatioIs DVN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| DVN income statement (TTM) | |
|---|---|
| Revenue | US$10.41b |
| Cost of Revenue | US$4.87b |
| Gross Profit | US$5.55b |
| Expenses | US$4.33b |
| Earnings | US$1.22b |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 15, 2022
| Earnings per share (EPS) | 1.80 |
| Gross Margin | 53.25% |
| Net Profit Margin | 11.70% |
| Debt/Equity Ratio | 71.6% |
How did DVN perform over the long term?
See historical performance and comparisonDividends
7.3%
Current Dividend Yield60%
Payout RatioValuation
Is Devon Energy undervalued compared to its fair value and its price relative to the market?
19.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DVN ($46.12) is trading below our estimate of fair value ($56.99)
Significantly Below Fair Value: DVN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: DVN is poor value based on its PE Ratio (25.6x) compared to the US Oil and Gas industry average (17.9x).
PE vs Market: DVN is poor value based on its PE Ratio (25.6x) compared to the US market (16.7x).
Price to Earnings Growth Ratio
PEG Ratio: DVN is poor value based on its PEG Ratio (4.4x)
Price to Book Ratio
PB vs Industry: DVN is overvalued based on its PB Ratio (3.5x) compared to the US Oil and Gas industry average (2.2x).
Future Growth
How is Devon Energy forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?
5.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DVN's forecast earnings growth (5.9% per year) is above the savings rate (2%).
Earnings vs Market: DVN's earnings (5.9% per year) are forecast to grow slower than the US market (13.1% per year).
High Growth Earnings: DVN's earnings are forecast to grow, but not significantly.
Revenue vs Market: DVN's revenue (8.1% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: DVN's revenue (8.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DVN's Return on Equity is forecast to be high in 3 years time (32.6%)
Past Performance
How has Devon Energy performed over the past 5 years?
-5.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DVN has a large one-off loss of $2.9B impacting its September 30 2021 financial results.
Growing Profit Margin: DVN became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: DVN has become profitable over the past 5 years, growing earnings by -5% per year.
Accelerating Growth: DVN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: DVN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (17.4%).
Return on Equity
High ROE: DVN's Return on Equity (13.8%) is considered low.
Financial Health
How is Devon Energy's financial position?
Financial Position Analysis
Short Term Liabilities: DVN's short term assets ($4.2B) exceed its short term liabilities ($3.5B).
Long Term Liabilities: DVN's short term assets ($4.2B) do not cover its long term liabilities ($8.5B).
Debt to Equity History and Analysis
Debt Level: DVN's net debt to equity ratio (48%) is considered high.
Reducing Debt: DVN's debt to equity ratio has reduced from 114.1% to 71.6% over the past 5 years.
Debt Coverage: DVN's debt is well covered by operating cash flow (56.4%).
Interest Coverage: DVN's interest payments on its debt are well covered by EBIT (12.3x coverage).
Balance Sheet
Dividend
What is Devon Energy current dividend yield, its reliability and sustainability?
7.29%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DVN's dividend (7.29%) is higher than the bottom 25% of dividend payers in the US market (1.36%).
High Dividend: DVN's dividend (7.29%) is in the top 25% of dividend payers in the US market (3.55%)
Stability and Growth of Payments
Stable Dividend: DVN's dividend payments have been volatile in the past 10 years.
Growing Dividend: DVN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (60.3%), DVN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DVN's dividends in 3 years are forecast to be well covered by earnings (30.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.0yrs
Average management tenure
CEO
Rick Muncrief (62 yo)
1
Tenure
Mr. Richard E. Muncrief, also known as Rick, serves as President, Chief Executive Officer & Director at Devon Energy Corporation since January 7, 2021. He has been the Chief Executive Officer of WPX Energy...
Leadership Team
Experienced Management: DVN's management team is considered experienced (3 years average tenure).
Board Members
Experienced Board: DVN's board of directors are considered experienced (4.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: DVN insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Devon Energy Corporation's employee growth, exchange listings and data sources
Key Information
- Name: Devon Energy Corporation
- Ticker: DVN
- Exchange: NYSE
- Founded: 1971
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: US$31.212b
- Shares outstanding: 676.76m
- Website: https://www.devonenergy.com
Number of Employees
Location
- Devon Energy Corporation
- 333 West Sheridan Avenue
- Oklahoma City
- Oklahoma
- 73102-5015
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 23:36 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.