Symbols / DVN
DVN Chart
About
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. The company operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.
Fundamentals
Scroll to Statements| Sector | Energy | Industry | Oil & Gas E&P | Market Cap | 26.44B |
| Enterprise Value | 33.73B | Income | 2.64B | Sales | 16.04B |
| Book/sh | 24.96 | Cash/sh | 2.23 | Dividend Yield | 222.00% |
| Payout | 23.02% | Employees | 2200 | IPO | — |
| P/E | 10.40 | Forward P/E | 10.07 | PEG | — |
| P/S | 1.65 | P/B | 1.71 | P/C | — |
| EV/EBITDA | 4.51 | EV/Sales | 2.10 | Quick Ratio | 0.78 |
| Current Ratio | 0.98 | Debt/Eq | 55.95 | LT Debt/Eq | — |
| EPS (ttm) | 4.10 | EPS next Y | 4.23 | EPS Growth | -8.50% |
| Revenue Growth | -12.10% | Earnings | 2026-05-05 | ROA | 7.71% |
| ROE | 17.74% | ROIC | — | Gross Margin | 47.70% |
| Oper. Margin | 22.66% | Profit Margin | 16.47% | Shs Outstand | 620.26M |
| Shs Float | 614.48M | Short Float | 3.57% | Short Ratio | 2.00 |
| Short Interest | — | 52W High | 46.15 | 52W Low | 25.89 |
| Beta | 0.62 | Avg Volume | 9.72M | Volume | 6.62M |
| Target Price | $48.93 | Recom | Buy | Prev Close | $43.28 |
| Price | $42.62 | Change | -1.52% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$48.93
Mean price target
2. Current target
$42.62
Latest analyst target
3. DCF / Fair value
$61.59
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$42.62
Low
$34.00
High
$62.00
Mean
$48.93
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-02-23 | main | Scotiabank | Sector Perform → Sector Perform | $41 |
| 2026-02-23 | main | Barclays | Overweight → Overweight | $52 |
| 2026-02-20 | main | Wells Fargo | Overweight → Overweight | $51 |
| 2026-02-20 | main | Susquehanna | Positive → Positive | $52 |
| 2026-02-04 | up | Barclays | Equal-Weight → Overweight | $50 |
| 2026-02-03 | main | Susquehanna | Positive → Positive | $47 |
| 2026-02-03 | main | Scotiabank | Sector Perform → Sector Perform | $45 |
| 2026-01-27 | main | Wells Fargo | Overweight → Overweight | $43 |
| 2026-01-26 | main | Susquehanna | Positive → Positive | $45 |
| 2026-01-23 | main | Morgan Stanley | Overweight → Overweight | $46 |
| 2026-01-21 | main | Barclays | Equal-Weight → Equal-Weight | $42 |
| 2026-01-16 | down | Scotiabank | Sector Outperform → Sector Perform | $41 |
| 2026-01-05 | main | Bernstein | Outperform → Outperform | $42 |
| 2025-12-31 | reit | Roth Capital | Buy → Buy | $42 |
| 2025-12-17 | main | Citigroup | Buy → Buy | $44 |
| 2025-12-12 | up | UBS | Neutral → Buy | $46 |
| 2025-12-12 | main | Mizuho | Outperform → Outperform | $43 |
| 2025-12-11 | main | Morgan Stanley | Overweight → Overweight | $48 |
| 2025-12-08 | up | JP Morgan | Neutral → Overweight | $44 |
| 2025-11-18 | main | Piper Sandler | Overweight → Overweight | $55 |
News
RSS: Latest DVN news- Devon Energy (DVN) Announces Results for Q4 2025 - Finviz hu, 26 Feb 2026 01
- Assessing Devon Energy (DVN) Valuation After Recent Share Price Momentum - Yahoo Finance Wed, 25 Feb 2026 15
- Should You Invest in Devon Energy (DVN) Based on Bullish Wall Street Views? - Nasdaq ue, 03 Feb 2026 08
- Devon Energy Resets Capital Returns With Higher Dividend And Buyback Focus - simplywall.st Wed, 25 Feb 2026 13
- There’s a big new oil-and-gas merger, but shareholders aren’t happy - MarketWatch Mon, 02 Feb 2026 08
- Devon Energy Corporation $DVN Stock Position Raised by NEOS Investment Management LLC - MarketBeat Fri, 20 Feb 2026 12
- Scotiabank Lowers Devon Energy (DVN) Price Target to $41 | DVN S - GuruFocus Mon, 23 Feb 2026 19
- RBC Capital Sticks to Their Hold Rating for Devon Energy (DVN) - The Globe and Mail Wed, 25 Feb 2026 02
- Trading Systems Reacting to (DVN) Volatility - Stock Traders Daily Sun, 22 Feb 2026 00
- 4 out of 6 S&P 500 energy stocks beat EPS estimates this week: Earnings Scorecard (XLE:NYSEARCA) - Seeking Alpha Sat, 21 Feb 2026 15
- DVN Stock Alert: Halper Sadeh LLC is Investigating Whether the Merger of Devon Energy Corporation is Fair to Shareholders - Business Wire Mon, 02 Feb 2026 08
- Here is What to Know Beyond Why Devon Energy Corporation (DVN) is a Trending Stock - Yahoo Finance Mon, 23 Feb 2026 14
- Susquehanna Issues Positive Forecast for Devon Energy (NYSE:DVN) Stock Price - MarketBeat Fri, 20 Feb 2026 15
- Is Devon Energy (DVN) Pricing Reflect Its DCF And P/E Valuation Gap Today - Yahoo Finance Wed, 04 Feb 2026 08
- Devon Energy (NYSE:DVN) Price Target Lowered to $41.00 at Scotiabank - MarketBeat Mon, 23 Feb 2026 14
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 3738 | — | — | Stock Award(Grant) at price 0.00 per share. | SHERRER JOHN BENNETT | Officer | — | 2026-02-10 00:00:00 | D |
| 1 | 16560 | — | — | Stock Award(Grant) at price 0.00 per share. | HELLMAN THOMAS JEFFREY | Officer | — | 2026-02-10 00:00:00 | D |
| 2 | 16560 | — | — | Stock Award(Grant) at price 0.00 per share. | RAINES JOHN DAVID | Officer | — | 2026-02-10 00:00:00 | D |
| 3 | 26450 | — | — | Stock Award(Grant) at price 0.00 per share. | LOWE ROBERT FERRALL III | Chief Technology Officer | — | 2026-02-10 00:00:00 | D |
| 4 | 68308 | — | — | Stock Award(Grant) at price 0.00 per share. | GASPAR CLAY M. | Chief Executive Officer | — | 2026-02-10 00:00:00 | D |
| 5 | 23920 | — | — | Stock Award(Grant) at price 0.00 per share. | CAMERON DENNIS CLARKE | General Counsel | — | 2026-02-10 00:00:00 | D |
| 6 | 34959 | — | — | Stock Award(Grant) at price 0.00 per share. | RITENOUR JEFFREY L. | Chief Financial Officer | — | 2026-02-10 00:00:00 | D |
| 7 | 15640 | — | — | Stock Award(Grant) at price 0.00 per share. | CASHION TANA K | Officer | — | 2026-02-10 00:00:00 | D |
| 8 | 3718 | — | — | Stock Award(Grant) at price 0.00 per share. | RAINES JOHN DAVID | Officer | — | 2026-01-27 00:00:00 | D |
| 9 | 2479 | — | — | Stock Award(Grant) at price 0.00 per share. | LOWE ROBERT FERRALL III | Chief Technology Officer | — | 2026-01-27 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -4.20M | 5.40M | 9.68M | -420.00K |
| TaxRateForCalcs | 0.21 | 0.18 | 0.22 | 0.02 |
| NormalizedEBITDA | 7.39B | 7.52B | 10.32B | 5.46B |
| TotalUnusualItems | -20.00M | 30.00M | 44.00M | -21.00M |
| TotalUnusualItemsExcludingGoodwill | -20.00M | 30.00M | 44.00M | -21.00M |
| NetIncomeFromContinuingOperationNetMinorityInterest | 2.89B | 3.75B | 6.01B | 2.81B |
| ReconciledDepreciation | 3.25B | 2.55B | 2.22B | 2.16B |
| ReconciledCostOfRevenue | 11.23B | 9.89B | 10.80B | 8.53B |
| EBITDA | 7.37B | 7.55B | 10.37B | 5.44B |
| EBIT | 4.11B | 4.99B | 8.14B | 3.29B |
| NetInterestIncome | -363.00M | -308.00M | -309.00M | -359.00M |
| InterestExpense | 401.00M | 369.00M | 370.00M | 388.00M |
| InterestIncome | 62.00M | 55.00M | 38.00M | 2.00M |
| NormalizedIncome | 2.91B | 3.72B | 5.98B | 2.83B |
| NetIncomeFromContinuingAndDiscontinuedOperation | 2.89B | 3.75B | 6.01B | 2.81B |
| TotalExpenses | 11.80B | 10.35B | 11.25B | 8.96B |
| DilutedAverageShares | 634.00M | 642.00M | 659.00M | 663.00M |
| BasicAverageShares | 632.00M | 639.00M | 657.25M | 663.00M |
| DilutedEPS | 4.56 | 5.84 | 9.12 | 4.19 |
| BasicEPS | 4.58 | 5.86 | 9.15 | 4.20 |
| DilutedNIAvailtoComStockholders | 2.89B | 3.75B | 6.01B | 2.81B |
| NetIncomeCommonStockholders | 2.89B | 3.75B | 6.01B | 2.81B |
| OtherunderPreferredStockDividend | 57.00M | 30.00M | ||
| NetIncome | 2.89B | 3.75B | 6.01B | 2.81B |
| MinorityInterests | -51.00M | -35.00M | -22.00M | -20.00M |
| NetIncomeIncludingNoncontrollingInterests | 2.94B | 3.78B | 6.04B | 2.83B |
| NetIncomeDiscontinuousOperations | 0.00 | 0.00 | ||
| NetIncomeContinuousOperations | 2.94B | 3.78B | 6.04B | 2.83B |
| TaxProvision | 770.00M | 841.00M | 1.74B | 65.00M |
| PretaxIncome | 3.71B | 4.62B | 7.78B | 2.90B |
| OtherIncomeExpense | -68.00M | 21.00M | 164.00M | 11.00M |
| OtherNonOperatingIncomeExpenses | -48.00M | -9.00M | 120.00M | 32.00M |
| SpecialIncomeCharges | -20.00M | 30.00M | 44.00M | -21.00M |
| GainOnSaleOfPPE | -11.00M | 30.00M | 44.00M | 168.00M |
| OtherSpecialCharges | -30.00M | |||
| WriteOff | 0.00 | 0.00 | ||
| ImpairmentOfCapitalAssets | 0.00 | |||
| RestructuringAndMergernAcquisition | 9.00M | 0.00 | 0.00 | 219.00M |
| NetNonOperatingInterestIncomeExpense | -363.00M | -308.00M | -309.00M | -359.00M |
| TotalOtherFinanceCost | 24.00M | -6.00M | -23.00M | -27.00M |
| InterestExpenseNonOperating | 401.00M | 369.00M | 370.00M | 388.00M |
| InterestIncomeNonOperating | 62.00M | 55.00M | 38.00M | 2.00M |
| OperatingIncome | 4.14B | 4.91B | 7.92B | 3.25B |
| OperatingExpense | 567.00M | 457.00M | 449.00M | 433.00M |
| OtherOperatingExpenses | 67.00M | 49.00M | 54.00M | 42.00M |
| SellingGeneralAndAdministration | 500.00M | 408.00M | 395.00M | 391.00M |
| GeneralAndAdministrativeExpense | 500.00M | 408.00M | 395.00M | 391.00M |
| OtherGandA | 215.00M | 198.00M | 395.00M | 391.00M |
| SalariesAndWages | 285.00M | 210.00M | 229.00M | 255.00M |
| GrossProfit | 4.71B | 5.37B | 8.37B | 3.68B |
| CostOfRevenue | 11.23B | 9.89B | 10.80B | 8.53B |
| TotalRevenue | 15.94B | 15.26B | 19.17B | 12.21B |
| OperatingRevenue | 15.94B | 15.26B | 19.17B | 12.21B |
| Line Item | 2023-12-31 | |||
|---|---|---|---|---|
| TreasurySharesNumber | 300.00K | |||
| OrdinarySharesNumber | 651.00M | 635.70M | 653.00M | 663.00M |
| ShareIssued | 651.00M | 636.00M | 653.00M | 663.00M |
| NetDebt | 8.04B | 5.28B | 4.99B | 4.38B |
| TotalDebt | 9.20B | 6.45B | 6.70B | 6.73B |
| TangibleBookValue | 13.74B | 11.31B | 10.41B | 8.51B |
| InvestedCapital | 23.38B | 18.22B | 17.61B | 15.74B |
| WorkingCapital | 118.00M | 208.00M | 786.00M | 1.16B |
| NetTangibleAssets | 13.74B | 11.31B | 10.41B | 8.51B |
| CapitalLeaseObligations | 320.00M | 295.00M | 257.00M | 252.00M |
| CommonStockEquity | 14.50B | 12.06B | 11.17B | 9.26B |
| TotalCapitalization | 22.89B | 17.73B | 17.36B | 15.74B |
| TotalEquityGrossMinorityInterest | 14.70B | 12.22B | 11.30B | 9.40B |
| MinorityInterest | 208.00M | 156.00M | 129.00M | 137.00M |
| StockholdersEquity | 14.50B | 12.06B | 11.17B | 9.26B |
| GainsLossesNotAffectingRetainedEarnings | -122.00M | -124.00M | -116.00M | -132.00M |
| OtherEquityAdjustments | -122.00M | -124.00M | -116.00M | -132.00M |
| TreasuryStock | 0.00 | 13.00M | 0.00 | |
| RetainedEarnings | 8.17B | 6.20B | 4.30B | 1.69B |
| AdditionalPaidInCapital | 6.39B | 5.94B | 6.92B | 7.64B |
| CapitalStock | 65.00M | 64.00M | 65.00M | 66.00M |
| CommonStock | 65.00M | 64.00M | 65.00M | 66.00M |
| TotalLiabilitiesNetMinorityInterest | 15.79B | 12.27B | 12.43B | 11.63B |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 12.48B | 9.32B | 9.32B | 8.54B |
| OtherNonCurrentLiabilities | 840.00M | 876.00M | 900.00M | 1.05B |
| NonCurrentDeferredLiabilities | 2.15B | 1.84B | 1.46B | 287.00M |
| NonCurrentDeferredTaxesLiabilities | 2.15B | 1.84B | 1.46B | 287.00M |
| LongTermDebtAndCapitalLeaseObligation | 8.72B | 5.97B | 6.45B | 6.73B |
| LongTermCapitalLeaseObligation | 320.00M | 295.00M | 257.00M | 252.00M |
| LongTermDebt | 8.40B | 5.67B | 6.19B | 6.48B |
| LongTermProvisions | 770.00M | 643.00M | 511.00M | 468.00M |
| CurrentLiabilities | 3.31B | 2.95B | 3.10B | 3.09B |
| OtherCurrentLiabilities | 586.00M | 484.00M | 489.00M | 1.13B |
| CurrentDebtAndCapitalLeaseObligation | 485.00M | 483.00M | 251.00M | |
| CurrentDebt | 485.00M | 483.00M | 251.00M | |
| OtherCurrentBorrowings | 485.00M | 483.00M | 251.00M | |
| PayablesAndAccruedExpenses | 2.24B | 1.98B | 2.37B | 1.96B |
| Payables | 2.24B | 1.98B | 2.37B | 1.96B |
| OtherPayable | 1.43B | 1.22B | 1.51B | 1.46B |
| AccountsPayable | 806.00M | 760.00M | 859.00M | 500.00M |
| TotalAssets | 30.49B | 24.49B | 23.72B | 21.02B |
| TotalNonCurrentAssets | 27.06B | 21.33B | 19.83B | 16.78B |
| OtherNonCurrentAssets | 268.00M | 319.00M | 307.00M | 378.00M |
| InvestmentsAndAdvances | 727.00M | 666.00M | 440.00M | 402.00M |
| OtherInvestments | 54.00M | 49.00M | 47.00M | 34.00M |
| LongTermEquityInvestment | 673.00M | 617.00M | 393.00M | 368.00M |
| InvestmentsinJointVenturesatCost | 558.00M | 617.00M | 393.00M | 368.00M |
| InvestmentsInOtherVenturesUnderEquityMethod | 115.00M | 0.00 | ||
| GoodwillAndOtherIntangibleAssets | 753.00M | 753.00M | 753.00M | 753.00M |
| Goodwill | 753.00M | 753.00M | 753.00M | 753.00M |
| NetPPE | 25.31B | 19.59B | 18.33B | 15.24B |
| AccumulatedDepreciation | -34.12B | -30.90B | -28.46B | -26.26B |
| GrossPPE | 59.44B | 50.49B | 46.79B | 41.51B |
| OtherProperties | 2.97B | 2.56B | 2.50B | 2.37B |
| CurrentAssets | 3.43B | 3.16B | 3.89B | 4.25B |
| OtherCurrentAssets | 315.00M | 460.00M | 469.00M | 321.00M |
| RestrictedCash | 140.00M | 172.00M | ||
| Inventory | 294.00M | 249.00M | 201.00M | 114.00M |
| Receivables | 1.97B | 1.57B | 1.77B | 1.54B |
| TaxesReceivable | 83.00M | |||
| AccountsReceivable | 1.97B | 1.57B | 1.77B | 1.54B |
| AllowanceForDoubtfulAccountsReceivable | -6.00M | -7.00M | -9.00M | -7.00M |
| GrossAccountsReceivable | 1.98B | 1.58B | 1.78B | 1.55B |
| CashCashEquivalentsAndShortTermInvestments | 846.00M | 875.00M | 1.45B | 2.10B |
| CashAndCashEquivalents | 846.00M | 875.00M | 1.45B | 2.10B |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | -853.00M | 2.60B | 3.40B | 2.89B |
| RepurchaseOfCapitalStock | -1.06B | -979.00M | -718.00M | -589.00M |
| RepaymentOfDebt | -472.00M | -242.00M | 0.00 | -1.24B |
| IssuanceOfDebt | 3.22B | 0.00 | 0.00 | |
| CapitalExpenditure | -7.45B | -3.95B | -5.12B | -2.01B |
| InterestPaidSupplementalData | 366.00M | 378.00M | 370.00M | 404.00M |
| IncomeTaxPaidSupplementalData | 480.00M | 400.00M | 438.00M | |
| EndCashPosition | 846.00M | 875.00M | 1.45B | 2.27B |
| BeginningCashPosition | 875.00M | 1.45B | 2.27B | 2.24B |
| EffectOfExchangeRateChanges | -3.00M | 3.00M | -11.00M | 1.00M |
| ChangesInCash | -26.00M | -582.00M | -806.00M | 33.00M |
| CashFlowFromDiscontinuedOperation | 0.00 | 0.00 | ||
| FinancingCashFlow | 706.00M | -3.18B | -4.21B | -3.29B |
| CashFromDiscontinuedFinancingActivities | 0.00 | 0.00 | ||
| CashFlowFromContinuingFinancingActivities | 706.00M | -3.18B | -4.21B | -3.29B |
| NetOtherFinancingCharges | -47.00M | -105.00M | -116.00M | -145.00M |
| CashDividendsPaid | -937.00M | -1.86B | -3.38B | -1.31B |
| CommonStockDividendPaid | -937.00M | -1.86B | -3.38B | -1.31B |
| NetCommonStockIssuance | -1.06B | -979.00M | -718.00M | -589.00M |
| CommonStockPayments | -1.06B | -979.00M | -718.00M | -589.00M |
| NetIssuancePaymentsOfDebt | 2.75B | -242.00M | 0.00 | -1.24B |
| NetLongTermDebtIssuance | 2.75B | -242.00M | 0.00 | -1.24B |
| LongTermDebtPayments | -472.00M | -242.00M | 0.00 | -1.24B |
| LongTermDebtIssuance | 3.22B | 0.00 | 0.00 | |
| InvestingCashFlow | -7.33B | -3.94B | -5.12B | -1.57B |
| CashFromDiscontinuedInvestingActivities | 0.00 | 0.00 | ||
| CashFlowFromContinuingInvestingActivities | -7.33B | -3.94B | -5.12B | -1.57B |
| DividendsReceivedCFI | 68.00M | 32.00M | 39.00M | 35.00M |
| NetInvestmentPurchaseAndSale | -118.00M | -53.00M | -76.00M | -25.00M |
| PurchaseOfInvestment | -118.00M | -53.00M | -76.00M | -25.00M |
| NetBusinessPurchaseAndSale | 147.00M | 0.00 | 0.00 | 344.00M |
| SaleOfBusiness | 147.00M | 0.00 | 0.00 | 344.00M |
| PurchaseOfBusiness | -25.00M | |||
| NetPPEPurchaseAndSale | -3.78B | -38.00M | -2.54B | 61.00M |
| SaleOfPPE | 24.00M | 26.00M | 39.00M | 79.00M |
| PurchaseOfPPE | -3.81B | -64.00M | -2.58B | -18.00M |
| CapitalExpenditureReported | -3.65B | -3.88B | -2.54B | -1.99B |
| OperatingCashFlow | 6.60B | 6.54B | 8.53B | 4.90B |
| CashFromDiscontinuedOperatingActivities | 0.00 | 0.00 | ||
| CashFlowFromContinuingOperatingActivities | 6.60B | 6.54B | 8.53B | 4.90B |
| ChangeInWorkingCapital | -217.00M | -144.00M | -226.00M | -116.00M |
| ChangeInOtherCurrentLiabilities | 19.00M | -59.00M | -207.00M | -171.00M |
| ChangeInOtherCurrentAssets | -34.00M | 59.00M | -29.00M | 42.00M |
| ChangeInPayablesAndAccruedExpense | -32.00M | -335.00M | 152.00M | 539.00M |
| ChangeInPayable | -32.00M | -335.00M | 152.00M | 539.00M |
| ChangeInReceivables | -170.00M | 191.00M | -142.00M | -526.00M |
| ChangesInAccountReceivables | -170.00M | 191.00M | -142.00M | -526.00M |
| OtherNonCashItems | 215.00M | 26.00M | -1.40B | -1.47B |
| StockBasedCompensation | 99.00M | 93.00M | 88.00M | 99.00M |
| AssetImpairmentCharge | 5.00M | 5.00M | 12.00M | 4.00M |
| DeferredTax | 311.00M | 376.00M | 1.18B | 49.00M |
| DeferredIncomeTax | 311.00M | 376.00M | 1.18B | 49.00M |
| DepreciationAmortizationDepletion | 3.25B | 2.55B | 2.22B | 2.16B |
| OperatingGainsLosses | -10.00M | -148.00M | 614.00M | 1.35B |
| GainLossOnInvestmentSecurities | -21.00M | -118.00M | 658.00M | 1.54B |
| NetIncomeFromContinuingOperations | 2.94B | 3.78B | 6.04B | 2.83B |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for DVN
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|