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$53.77|
|52 Week High||US$79.40|
|52 Week Low||US$24.05|
|1 Month Change||-29.06%|
|3 Month Change||-11.05%|
|1 Year Change||80.68%|
|3 Year Change||88.53%|
|5 Year Change||68.19%|
|Change since IPO||711.62%|
Recent News & Updates
Devon's Latest Acquisition, Dividend Policy And Management Make It A Buy
We really like the RimRock acquisition that Devon Energy announced because it is immediately accretive and allows management to increase the dividend. Devon believes that production from the purchased acreage can increase roughly 33% over the next year with $100 million in CapEx in 2022. Management continues to pay down debt and keep hedges at around 20% of production for 2022.
|DVN||US Oil and Gas||US Market|
Return vs Industry: DVN exceeded the US Oil and Gas industry which returned 26.3% over the past year.
Return vs Market: DVN exceeded the US Market which returned -18.4% over the past year.
|DVN Average Weekly Movement||8.4%|
|Oil and Gas Industry Average Movement||8.6%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.6%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: DVN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: DVN's weekly volatility (8%) has been stable over the past year.
About the Company
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 5,134 gross wells. Devon Energy Corporation was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma.
Devon Energy Fundamentals Summary
|DVN fundamental statistics|
Is DVN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|DVN income statement (TTM)|
|Cost of Revenue||US$6.24b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 01, 2022
|Earnings per share (EPS)||5.37|
|Net Profit Margin||23.73%|
How did DVN perform over the long term?See historical performance and comparison
9.4%Current Dividend Yield
Is DVN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for DVN?
Other financial metrics that can be useful for relative valuation.
|What is DVN's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does DVN's PE Ratio compare to its peers?
|DVN PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: DVN is good value based on its Price-To-Earnings Ratio (10x) compared to the peer average (20.3x).
Price to Earnings Ratio vs Industry
How does DVN's PE Ratio compare vs other companies in the US Oil and Gas Industry?
Price-To-Earnings vs Industry: DVN is good value based on its Price-To-Earnings Ratio (10x) compared to the US Oil and Gas industry average (11.6x)
Price to Earnings Ratio vs Fair Ratio
What is DVN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||10x|
|Fair PE Ratio||14.4x|
Price-To-Earnings vs Fair Ratio: DVN is good value based on its Price-To-Earnings Ratio (10x) compared to the estimated Fair Price-To-Earnings Ratio (14.4x).
Share Price vs Fair Value
What is the Fair Price of DVN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: DVN ($53.77) is trading below our estimate of fair value ($53.87)
Significantly Below Fair Value: DVN is trading below fair value, but not by a significant amount.
Price to Earnings Growth Ratio
PEG Ratio: DVN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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How is Devon Energy forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DVN's earnings are forecast to decline over the next 3 years (-12.1% per year).
Earnings vs Market: DVN's earnings are forecast to decline over the next 3 years (-12.1% per year).
High Growth Earnings: DVN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: DVN's revenue is expected to decline over the next 3 years (-12.8% per year).
High Growth Revenue: DVN's revenue is forecast to decline over the next 3 years (-12.8% 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 (20.6%)
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How has Devon Energy performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DVN has high quality earnings.
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 -15.4% 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 (98.5%).
Return on Equity
High ROE: DVN's Return on Equity (38.3%) is considered high.
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How is Devon Energy's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: DVN's short term assets ($5.0B) exceed its short term liabilities ($3.8B).
Long Term Liabilities: DVN's short term assets ($5.0B) do not cover its long term liabilities ($8.6B).
Debt to Equity History and Analysis
Debt Level: DVN's net debt to equity ratio (42.5%) is considered high.
Reducing Debt: DVN's debt to equity ratio has reduced from 95.4% to 68.6% over the past 5 years.
Debt Coverage: DVN's debt is well covered by operating cash flow (94.9%).
Interest Coverage: DVN's interest payments on its debt are well covered by EBIT (11.9x coverage).
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What is Devon Energy current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DVN's dividend (9.45%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: DVN's dividend (9.45%) is in the top 25% of dividend payers in the US market (4.24%)
Stability and Growth of Payments
Stable Dividend: DVN's dividend payments have been volatile in the past 10 years.
Growing Dividend: DVN's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (50.1%), DVN's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (81.9%), DVN's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rick Muncrief (62 yo)
Mr. Richard E. Muncrief, also known as Rick, serves as Independent Director at The Williams Companies, Inc. since March 01, 2022. He serves as President, Chief Executive Officer & Director at Devon Energy...
CEO Compensation Analysis
Compensation vs Market: Rick's total compensation ($USD11.91M) is about average for companies of similar size in the US market ($USD13.44M).
Compensation vs Earnings: Insufficient data to compare Rick's compensation with company performance.
Experienced Management: DVN's management team is considered experienced (3.4 years average tenure).
Experienced Board: DVN's board of directors are considered experienced (5 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Devon Energy Corporation's employee growth, exchange listings and data sources
- Name: Devon Energy Corporation
- Ticker: DVN
- Exchange: NYSE
- Founded: 1971
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: US$35.511b
- Shares outstanding: 660.43m
- Website: https://www.devonenergy.com
Number of Employees
- Devon Energy Corporation
- 333 West Sheridan Avenue
- Oklahoma City
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/26 00:00|
|End of Day Share Price||2022/06/24 00:00|
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.