Devon Energy Corporation (DVN)

US — Energy Sector
Peers: CTRA  TPL  EC  VG  TS  PBA  EXEEL  EXE  EXEEZ  HAL 

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Key Metrics & Ratings

  • symbol DVN
  • Rev/Share 26.5764
  • Book/Share 24.1732
  • PB 1.795
  • Debt/Equity 0.5569
  • CurrentRatio 0.9567
  • ROIC 0.0943

 

  • MktCap 27218544614.0
  • FreeCF/Share 4.7732
  • PFCF 8.9801
  • PE 10.1334
  • Debt/Assets 0.2738
  • DivYield 0.0221
  • ROE 0.1829

 

  • Rating A-
  • Score 4
  • Recommendation Buy
  • P/E Score 3
  • DCF Score 4
  • P/B Score 3
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Upgrade DVN Barclays Equal Weight Overweight -- $50 Feb. 4, 2026
Downgrade DVN Scotiabank Sector Outperform Sector Perform -- $41 Jan. 16, 2026
Upgrade DVN UBS Neutral Buy -- -- Dec. 12, 2025
Upgrade DVN JP Morgan Neutral Overweight -- $44 Dec. 8, 2025
Initiation DVN Roth Capital -- Buy -- $42 Oct. 14, 2025
Initiation DVN William Blair -- Outperform -- -- Aug. 25, 2025
Upgrade DVN Bernstein Market Perform Outperform -- $45 Jan. 15, 2025
Upgrade DVN The Benchmark Company Hold Buy -- $44 Jan. 14, 2025
Upgrade DVN Wolfe Research Peer Perform Outperform -- $45 Jan. 3, 2025
Downgrade DVN JP Morgan Overweight Neutral -- $43 Dec. 5, 2024

News

Coterra Energy Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Coterra Energy Inc. - CTRA
CTRA, DVN
Published: February 04, 2026 by: Business Wire
Sentiment: Neutral

NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Coterra Energy Inc. (NYSE: CTRA) to Devon Energy Corporation (NYSE: DVN). Under the terms of the proposed transaction, shareholders of Coterra will receive 0.70 share of Devon common stock for each share of Coterra that they own. KSF is seeking to determine whether this consideration and the pr.

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image for news Coterra Energy Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Coterra Energy Inc. - CTRA
Devon, Coterra Merger Redraws the 2026 U.S. Shale Playbook
CTRA, DVN
Published: February 03, 2026 by: Zacks Investment Research
Sentiment: Neutral

DVN's deal for CTRA signals a new phase of U.S. shale consolidation, building a $58B Delaware-focused producer with scale-driven savings and cash discipline.

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image for news Devon, Coterra Merger Redraws the 2026 U.S. Shale Playbook
Should You Invest in Devon Energy (DVN) Based on Bullish Wall Street Views?
DVN
Published: February 03, 2026 by: Zacks Investment Research
Sentiment: Neutral

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Read More
image for news Should You Invest in Devon Energy (DVN) Based on Bullish Wall Street Views?
Coterra Energy and Devon Energy Seal $58 Billion Merger Deal
CTRA, DVN
Published: February 03, 2026 by: Zacks Investment Research
Sentiment: Positive

Coterra Energy CTRA and Devon Energy DVN have formally disclosed a definitive agreement to merge through an all-stock transactionin a move that promises to reshape the landscape of the shale energy industry. This strategic merger is set to create a dominant large-cap shale operator, combining the strengths of both companies to drive substantial value and establish a strong foundation for sustained shareholder growth.

Read More
image for news Coterra Energy and Devon Energy Seal $58 Billion Merger Deal
KIMMERIDGE COMMENTS ON PROPOSED MERGER OF COTERRA AND DEVON
CTRA, DVN
Published: February 02, 2026 by: PRNewsWire
Sentiment: Neutral

NEW YORK, Feb. 2, 2026 /PRNewswire/ -- Kimmeridge Energy Management Company, LLC, a private investment firm focused on the energy sector, today issued the following statement in response to an announced definitive agreement for Coterra Energy (NYSE: CTRA) and Devon Energy (NYSE: DVN) to merge in an all-stock transaction. Mark Viviano, Managing Partner at Kimmeridge, said: "As a significant shareholder in both companies, we are supportive of a combination that can unlock meaningful shareholder value.

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image for news KIMMERIDGE COMMENTS ON PROPOSED MERGER OF COTERRA AND DEVON
$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Devon Energy Corporation (NYSE: DVN)
DVN
Published: February 02, 2026 by: PRNewsWire
Sentiment: Neutral

NEW YORK, Feb. 2, 2026 /PRNewswire/ -- Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Devon Energy Corporation (NYSE: DVN ) related to its merger with Coterra Energy, Inc. Under the terms of the proposed transaction, Devon shareholders will own approximately 54% of the combined company.

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image for news $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Devon Energy Corporation (NYSE: DVN)
Devon, Coterra Merge To Create Another Shale Giant
DVN
Published: February 02, 2026 by: Forbes
Sentiment: Positive

Cutting costs and boosting economies of scale have driven merger deals in the U.S. shale business for more than a decade now. Those themes are in play again with Monday's announced merger between a pair of big Permian Basin independents, Devon Energy and Coterra Energy in an all-stock deal valued at $58 billion.

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image for news Devon, Coterra Merge To Create Another Shale Giant
DVN Stock Alert: Halper Sadeh LLC is Investigating Whether the Merger of Devon Energy Corporation is Fair to Shareholders
DVN
Published: February 02, 2026 by: Business Wire
Sentiment: Neutral

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Devon Energy Corporation (NYSE: DVN) and Coterra Energy Inc. is fair to Devon shareholders. Upon completion of the proposed transaction, Devon shareholders will own approximately 54% of the combined company. Halper Sadeh encourages Devon shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@h.

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image for news DVN Stock Alert: Halper Sadeh LLC is Investigating Whether the Merger of Devon Energy Corporation is Fair to Shareholders
Devon Energy Corporation (DVN) Is a Trending Stock: Facts to Know Before Betting on It
DVN
Published: January 30, 2026 by: Zacks Investment Research
Sentiment: Positive

Zacks.com users have recently been watching Devon Energy (DVN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Read More
image for news Devon Energy Corporation (DVN) Is a Trending Stock: Facts to Know Before Betting on It
Coterra Energy and Devon Energy in advanced talks to merge, source says
CTRA, DVN
Published: January 29, 2026 by: Reuters
Sentiment: Positive

Coterra Energy and Devon Energy could announce an agreement to merge as soon as next week, in what would be the largest oil and gas deal in the U.S. shale industry in almost two years, a source familiar with the matter told Reuters on Thursday.

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image for news Coterra Energy and Devon Energy in advanced talks to merge, source says
Devon Energy Has Continued Room To Grow
DVN
Published: January 23, 2026 by: Seeking Alpha
Sentiment: Positive

Devon Energy demonstrates robust capital efficiency, achieving double-digit FCF yields and consistent production growth with disciplined U.S.-focused operations. DVN has reduced capital spending by $425 million from 2024 guidance while raising production guidance, driving substantial improvements in FCF per barrel. The company aggressively returns capital through a 2.5% dividend, 4% share buybacks, and accelerated debt reduction, supporting a high single-digit shareholder yield.

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image for news Devon Energy Has Continued Room To Grow
Coterra and Devon Explore Merger to Create Major U.S. Shale Player
CTRA, DVN
Published: January 19, 2026 by: Zacks Investment Research
Sentiment: Negative

CTRA and Devon are in early talks over a merger that could reshape U.S. shale amid weak oil prices and rising consolidation pressure.

Read More
image for news Coterra and Devon Explore Merger to Create Major U.S. Shale Player
10 Undervalued Dividend Stocks for 2026
CLX, DOC, DUK, DVN, ET, KEY, KHC, LNT, LYB, MDLZ, O, UPS, VZ
Published: January 19, 2026 by: Morningstar
Sentiment: Positive

#StockPicks #DividendStocks #DividendInvesting Morningstar's Chief US Market Strategist shares his current dividend-paying picks. The 10 Best Dividend Stocks https://www.morningstar.com/stocks/10-best-dividend-stocks 00:00:00 Introduction 00:00:23 Verizon Communications VZ 00:01:08 Kraft Heinz KHC 00:02:05 Entergy Transfer ET 00:02:52 Healthpeak DOC 00:03:54 Realty Income O 00:04:49 Duke Energy DUK 00:05:54 Alliant Energy LNT 00:06:13 Why UPS, KEY, and LYB Are at Risk in 2026 00:08:35 Mondelez International MDLZ 00:09:34 Clorox CLX 00:10: 49 Devon Energy DVN Watch more from Morningstar: 3 Dividend Stocks for January 2026 https://youtu.be/hjcOfdscHnA?si=WeB-l6Hu5AGzv-AO 5 Stocks to Buy in January 2026 https://www.youtube.com/live/gsMbqNrp4GY?si=frBRfJeES__pnLCK 10 Top Dividend Stocks for 2025 https://youtu.be/1t9zi6L9yXw?si=0YP-qUidnPPKZEc_ Follow Morningstar on …

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image for news 10 Undervalued Dividend Stocks for 2026
Is It Worth Investing in Devon Energy (DVN) Based on Wall Street's Bullish Views?
DVN
Published: January 15, 2026 by: Zacks Investment Research
Sentiment: Positive

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Read More
image for news Is It Worth Investing in Devon Energy (DVN) Based on Wall Street's Bullish Views?
Devon Energy Gains From Multi-basin Portfolio, Strategic Acquisition
DVN
Published: January 09, 2026 by: Zacks Investment Research
Sentiment: Positive

DVN benefits from contributions coming from a multi-basin portfolio and strategic acquisitions. Its stable free cash flow assists in reducing debt and increasing shareholders' value.

Read More
image for news Devon Energy Gains From Multi-basin Portfolio, Strategic Acquisition
Devon Energy Corporation (DVN) Is a Trending Stock: Facts to Know Before Betting on It
DVN
Published: January 06, 2026 by: Zacks Investment Research
Sentiment: Positive

Devon Energy (DVN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Read More
image for news Devon Energy Corporation (DVN) Is a Trending Stock: Facts to Know Before Betting on It
My New Year's Resolution For 2026: Invest $10,000 In These 5 Stocks
CME, CVX, DVN, EOG, EQNR, FDS, KO, LDNXF, LSEGY, MTDR, PG, PR, XOM
Published: December 30, 2025 by: Seeking Alpha
Sentiment: Positive

Dividend growth investing is not a get-rich-quick strategy, it requires commitment and a long-term mindset. Making a New Year's resolution is a great way to help maintain that mindset. I reflect on 2025 and review five companies that I am convinced will bring me closer to my goal of being able to fund my living expenses through dividends. The companies I review in this article should do well in an environment characterized by ongoing fiscal dominance and long-term higher inflation.

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image for news My New Year's Resolution For 2026: Invest $10,000 In These 5 Stocks
2 Oil Stocks Rising Amid Geopolitical Tensions
APA, DVN
Published: December 29, 2025 by: Schaeffers Research
Sentiment: Positive

Oil stocks are moving higher today after the most recent talks between President Donald Trump and Ukrainian leader Volodymyr Zelenskyy regarding Russia and Ukraine.

Read More
image for news 2 Oil Stocks Rising Amid Geopolitical Tensions
Investors Heavily Search Devon Energy Corporation (DVN): Here is What You Need to Know
DVN
Published: December 26, 2025 by: Zacks Investment Research
Sentiment: Positive

Zacks.com users have recently been watching Devon Energy (DVN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Read More
image for news Investors Heavily Search Devon Energy Corporation (DVN): Here is What You Need to Know
Energy Is, By Far, My Favorite Sector For 2026
AETUF, AM, AR, CNQ, CVX, DVN, ET, EXE, FANG, LB, MPLX, PR, RRC, TPL, TRMLF, TRP, VNOM, WBI, WES, XOM, XOP
Published: December 24, 2025 by: Seeking Alpha
Sentiment: Positive

Energy badly lagged this year, and I underestimated how severe the supply glut would be. I was early - but the long-term thesis remains firmly intact. Today's oil prices aren't sustainable. Low prices are forcing discipline, squeezing supply, and creating a rare setup where sentiment and fundamentals are deeply misaligned. With positioning extremely bearish and costs rising, I see energy setting up for a powerful reversal - offering both income and upside for patient investors.

Read More
image for news Energy Is, By Far, My Favorite Sector For 2026
Here is What to Know Beyond Why Devon Energy Corporation (DVN) is a Trending Stock
DVN
Published: December 15, 2025 by: Zacks Investment Research
Sentiment: Positive

Recently, Zacks.com users have been paying close attention to Devon Energy (DVN). This makes it worthwhile to examine what the stock has in store.

Read More
image for news Here is What to Know Beyond Why Devon Energy Corporation (DVN) is a Trending Stock
Why Is Devon Energy (DVN) Up 16.3% Since Last Earnings Report?
DVN
Published: December 05, 2025 by: Zacks Investment Research
Sentiment: Positive

Devon Energy (DVN) reported earnings 30 days ago. What's next for the stock?

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image for news Why Is Devon Energy (DVN) Up 16.3% Since Last Earnings Report?
Is Trending Stock Devon Energy Corporation (DVN) a Buy Now?
DVN
Published: December 02, 2025 by: Zacks Investment Research
Sentiment: Positive

Zacks.com users have recently been watching Devon Energy (DVN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Read More
image for news Is Trending Stock Devon Energy Corporation (DVN) a Buy Now?
Devon Energy: Still The Best Opportunity In U.S. Oil That I'm Buying
DVN
Published: November 25, 2025 by: Seeking Alpha
Sentiment: Positive

Devon Energy remains a Strong Buy, driven by efficient operations, robust free cash flow, debt reductions, and proactive management amid volatile markets. DVN delivered solid Q3 results, exceeding guidance on production and costs, while advancing optimization targets and maintaining strong shareholder returns. Macro factors like OPEC production, US rate cuts, and geopolitical risks will continue to affect oil prices, but DVN's resilience and capital discipline stand out.

Read More
image for news Devon Energy: Still The Best Opportunity In U.S. Oil That I'm Buying
Devon Energy Corporation (DVN) is Attracting Investor Attention: Here is What You Should Know
DVN
Published: November 21, 2025 by: Zacks Investment Research
Sentiment: Positive

Devon Energy (DVN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Read More
image for news Devon Energy Corporation (DVN) is Attracting Investor Attention: Here is What You Should Know
Devon Energy Corporation (DVN) is Attracting Investor Attention: Here is What You Should Know
DVN
Published: November 10, 2025 by: Zacks Investment Research
Sentiment: Positive

Zacks.com users have recently been watching Devon Energy (DVN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Read More
image for news Devon Energy Corporation (DVN) is Attracting Investor Attention: Here is What You Should Know
Devon Energy (DVN) Reports Q3 Earnings: What Key Metrics Have to Say
DVN
Published: November 07, 2025 by: Zacks Investment Research
Sentiment: Neutral

While the top- and bottom-line numbers for Devon Energy (DVN) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Read More
image for news Devon Energy (DVN) Reports Q3 Earnings: What Key Metrics Have to Say
Devon Energy Corporation (DVN) Q3 2025 Earnings Call Transcript
DVN
Published: November 06, 2025 by: Seeking Alpha
Sentiment: Neutral

Devon Energy Corporation ( DVN ) Q3 2025 Earnings Call November 6, 2025 11:00 AM EST Company Participants Christopher Carr Clay Gaspar - President, CEO & Director Jeffrey Ritenour - Executive VP & CFO Robert Lowe - Senior VP & CTO John Raines - Senior Vice President of E&P Asset Management Thomas Hellman - Senior Vice President of E&P Operations Conference Call Participants Neil Mehta - Goldman Sachs Group, Inc., Research Division Arun Jayaram - JPMorgan Chase & Co, Research Division Neal Dingmann - William Blair & Company L.L.C., Research Division Douglas George Blyth Leggate - Wolfe Research, LLC Scott …

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image for news Devon Energy Corporation (DVN) Q3 2025 Earnings Call Transcript
Devon Q3 Earnings & Sales Beat Estimates on Strong Production Volumes
DVN
Published: November 06, 2025 by: Zacks Investment Research
Sentiment: Positive

DVN's third-quarter earnings and revenues beat estimates as robust output from the Delaware and Rockies regions fueled higher production volumes.

Read More
image for news Devon Q3 Earnings & Sales Beat Estimates on Strong Production Volumes
Devon Energy to Report Q3 Earnings: What's in Store for the Stock?
DVN
Published: November 04, 2025 by: Zacks Investment Research
Sentiment: Positive

DVN's third-quarter results are set to show higher revenues but lower earnings, supported by steady oil output and strong cost control.

Read More
image for news Devon Energy to Report Q3 Earnings: What's in Store for the Stock?

About Devon Energy Corporation (DVN)

  • IPO Date 1985-07-22
  • Website https://www.devonenergy.com
  • Industry Oil & Gas Exploration & Production
  • CEO Clay Gaspar
  • Employees 2300

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.