Devon Energy
Market Cap
US$14.8b
Last Updated
2021/04/11 22:11 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Snowflake Analysis
High growth potential with mediocre balance sheet.
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Share Price & News
How has Devon Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
Market Performance
7 Day Return
-6.2%
DVN
-3.4%
US Oil and Gas
2.1%
US Market
1 Year Return
127.9%
DVN
47.6%
US Oil and Gas
56.3%
US Market
Return vs Industry: DVN exceeded the US Oil and Gas industry which returned 47.6% over the past year.
Return vs Market: DVN exceeded the US Market which returned 56.3% over the past year.
Shareholder returns
| DVN | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.2% | -3.4% | 2.1% |
| 30 Day | -9.1% | -7.7% | 2.4% |
| 90 Day | 20.2% | 15.9% | 6.8% |
| 1 Year | 142.5%127.9% | 57.5%47.6% | 59.1%56.3% |
| 3 Year | -28.0%-34.4% | -15.6%-27.2% | 65.7%55.1% |
| 5 Year | -22.0%-29.8% | 0.9%-18.8% | 122.3%97.7% |
Long-Term Price Volatility Vs. Market
How volatile is Devon Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Does Devon Energy (NYSE:DVN) Have A Healthy Balance Sheet?4 weeks ago | Simply Wall St
Trade Alert: The Lead Independent Director Of Devon Energy Corporation (NYSE:DVN), Kelt Kindick, Has Sold Some Shares Recently1 month ago | Simply Wall St
Only Four Days Left To Cash In On Devon Energy's (NYSE:DVN) DividendValuation
Is Devon Energy undervalued compared to its fair value and its price relative to the market?
43.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DVN ($22.04) is trading below our estimate of fair value ($38.77)
Significantly Below Fair Value: DVN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DVN is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.
PE vs Market: DVN is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate DVN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: DVN is overvalued based on its PB Ratio (2.9x) compared to the US Oil and Gas industry average (1.4x).
Future Growth
How is Devon Energy forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
50.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DVN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: DVN is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: DVN's is expected to become profitable in the next 3 years.
Revenue vs Market: DVN's revenue (12.8% per year) is forecast to grow faster than the US market (9.9% per year).
High Growth Revenue: DVN's revenue (12.8% 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 (27.4%)
Past Performance
How has Devon Energy performed over the past 5 years?
48.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DVN is currently unprofitable.
Growing Profit Margin: DVN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: DVN is unprofitable, but has reduced losses over the past 5 years at a rate of 48% per year.
Accelerating Growth: Unable to compare DVN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: DVN is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-44.1%).
Return on Equity
High ROE: DVN has a negative Return on Equity (-84.23%), as it is currently unprofitable.
Financial Health
How is Devon Energy's financial position?
Financial Position Analysis
Short Term Liabilities: DVN's short term assets ($3.3B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: DVN's short term assets ($3.3B) do not cover its long term liabilities ($5.5B).
Debt to Equity History and Analysis
Debt Level: DVN's debt to equity ratio (142.4%) is considered high.
Reducing Debt: DVN's debt to equity ratio has increased from 118.8% to 142.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable DVN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DVN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 63.6% per year.
Dividend
What is Devon Energy current dividend yield, its reliability and sustainability?
2.00%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DVN's dividend (2%) is higher than the bottom 25% of dividend payers in the US market (1.26%).
High Dividend: DVN's dividend (2%) is low compared to the top 25% of dividend payers in the US market (3.5%).
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 fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: DVN is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: DVN's dividends in 3 years are forecast to be well covered by earnings (17.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Rick Muncrief (61 yo)
0.25
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 (2.3 years average tenure).
Board Members
Experienced Board: DVN's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
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 been substantially diluted in the past year, with total shares outstanding growing by 75.2%.
Top Shareholders
Company Information
Devon Energy Corporation's company bio, 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
- Market Cap: US$14.835b
- Shares outstanding: 673.10m
- Website: https://www.devonenergy.com
Number of Employees
Location
- Devon Energy Corporation
- 333 West Sheridan Avenue
- Oklahoma City
- Oklahoma
- 73102-5015
- United States
Listings
Biography
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 app...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/11 22:11 |
| End of Day Share Price | 2021/04/09 00:00 |
| Earnings | 2020/12/31 |
| 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.