Devon Energy Corporation (DVN)

US — Energy Sector
Peers: CTRA  OXY  FANG  COP  APA  EOG 

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Key Metrics & Ratings

  • symbol DVN
  • Rev/Share 26.3843
  • Book/Share 24.0819
  • PB 1.4783
  • Debt/Equity 0.597
  • CurrentRatio 1.2222
  • ROIC 0.1053

 

  • MktCap 22256088000.0
  • FreeCF/Share -1.8794
  • PFCF -18.6491
  • PE 7.8281
  • Debt/Assets 0.2864
  • DivYield 0.0268
  • ROE 0.1949

 

  • Rating A
  • Score 4
  • Recommendation Buy
  • P/E Score 3
  • DCF Score 4
  • P/B Score 3
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
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
Resumed DVN Jefferies -- Hold -- $45 Oct. 3, 2024

News

Devon Energy Gains From Multi-Basin Assets & Debt Management
DVN
Published: October 01, 2025 by: Zacks Investment Research
Sentiment: Positive

DVN leverages multi-basin assets, cost cuts and debt reduction to boost margins while navigating industry challenges.

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image for news Devon Energy Gains From Multi-Basin Assets & Debt Management
Here is What to Know Beyond Why Devon Energy Corporation (DVN) is a Trending Stock
DVN
Published: September 29, 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.

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image for news Here is What to Know Beyond Why Devon Energy Corporation (DVN) is a Trending Stock
Devon Energy: Lower For Longer, Low Costs Will Deliver Gains
DVN
Published: September 26, 2025 by: Seeking Alpha
Sentiment: Positive

Devon Energy Corporation is a Strong Buy, driven by business optimization and a $1 billion free cash flow target by end of 2026. DVN's cost-cutting, efficiency gains, and lower tax rates are expected to significantly boost cash flow and support debt reduction initiatives. Strategic gas sales agreements and exposure to international pricing further enhance DVN's cash flow outlook and mitigate regional pricing risks.

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image for news Devon Energy: Lower For Longer, Low Costs Will Deliver Gains
Can DVN's Expanding Reserves Secure Long-Term Growth for the Stock?
DVN
Published: September 25, 2025 by: Zacks Investment Research
Sentiment: Positive

DVN stock continues to boost its proved reserves, which support stable oil and gas production volumes.

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image for news Can DVN's Expanding Reserves Secure Long-Term Growth for the Stock?
DVN vs. OXY: Which Permian Basin Stock Has Better Growth Potential?
DVN, OXY
Published: September 19, 2025 by: Zacks Investment Research
Sentiment: Positive

DVN and OXY remain strong performers in the oil and gas sector, with a significant position in the Permian Basin.

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image for news DVN vs. OXY: Which Permian Basin Stock Has Better Growth Potential?
Devon Energy Corporation (DVN) is Attracting Investor Attention: Here is What You Should Know
DVN
Published: September 16, 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 Devon Energy Corporation (DVN) is Attracting Investor Attention: Here is What You Should Know
Can DVN's Free Cash Flow Generation Result in Sustainable Growth?
DVN
Published: September 09, 2025 by: Zacks Investment Research
Sentiment: Positive

Devon utilizes its free cash flow to reduce debts, buybacks, dividends and reinvestment, which will drive sustainable growth and shareholder value.

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image for news Can DVN's Free Cash Flow Generation Result in Sustainable Growth?
Can Devon Energy Unlock Value Through Strategic Debt Reduction?
DVN
Published: September 04, 2025 by: Zacks Investment Research
Sentiment: Positive

DVN stock continues to reduce debt, thereby cutting costs and boosting its financial flexibility as shares outperform peers.

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image for news Can Devon Energy Unlock Value Through Strategic Debt Reduction?
DVN Outperforms Industry in a Month: How to Play the Stock Now?
DVN
Published: September 03, 2025 by: Zacks Investment Research
Sentiment: Positive

Devon Energy's stock gains 14% in a month, fueled by low-cost operations, strong ROIC and discounted valuation versus peers.

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image for news DVN Outperforms Industry in a Month: How to Play the Stock Now?
Devon Energy Corporation (DVN) Presents At Barclays 39th Annual CEO Energy-Power Conference 2025 Transcript
DVN
Published: September 03, 2025 by: Seeking Alpha
Sentiment: Neutral

Devon Energy Corporation (NYSE:DVN ) Barclays 39th Annual CEO Energy-Power Conference 2025 September 3, 2025 9:45 AM EDT Company Participants Clay Gaspar - President, CEO & Director Conference Call Participants Wei Jiang - Barclays Bank PLC, Research Division Presentation Wei Jiang Research Analyst All right. Moving on to our next one.

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image for news Devon Energy Corporation (DVN) Presents At Barclays 39th Annual CEO Energy-Power Conference 2025 Transcript
3 Oil Stocks That Could Surge Soon
DVN, HAL, SLB
Published: August 27, 2025 by: Seeking Alpha
Sentiment: Positive

High-quality oil stocks like Schlumberger, Halliburton, and Devon Energy have seen significant declines but likely bottomed in early April. Oil prices are unlikely to stay depressed, with potential for a substantial move higher by 2026 as market dynamics and political factors shift. Saudi Arabia's need for higher oil prices and anticipated Fed rate cuts should support a rebound in oil prices and sector equities.

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image for news 3 Oil Stocks That Could Surge Soon
Devon Energy: Maintaining Free Cash Flow Despite The Decline In Oil
DVN
Published: August 22, 2025 by: Seeking Alpha
Sentiment: Neutral

Devon Energy has maintained a strong free cash flow yield despite lower oil prices, thanks to improved operating efficiency and disciplined capital spending. The company is positioned to grow free cash flow by over 20% in 2026 through better NGL pricing, lower costs, and significant tax savings. DVN trades at a compelling valuation, with hidden value from future cost and tax improvements not yet reflected in its multiple.

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image for news Devon Energy: Maintaining Free Cash Flow Despite The Decline In Oil
Investors Heavily Search Devon Energy Corporation (DVN): Here is What You Need to Know
DVN
Published: August 22, 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.

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image for news Investors Heavily Search Devon Energy Corporation (DVN): Here is What You Need to Know
Bank of America Says Nifty Fifty In Trouble – 5 Low PE Dividend Strong Buy Bargains
BXP, DOC, DVN, EMN, HST
Published: August 22, 2025 by: 24/7 Wall Street
Sentiment: Neutral

Savita Subramanian, the head of equity and quantitative strategies, has been one of the voices at Bank of America that we have followed for years at 24/7 Wall St.

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image for news Bank of America Says Nifty Fifty In Trouble – 5 Low PE Dividend Strong Buy Bargains
Devon Energy: Growth Ahead
DVN
Published: August 21, 2025 by: Seeking Alpha
Sentiment: Positive

Devon Energy continues to beat guidance, demonstrating strong capital efficiency and robust free cash flow generation, making it an attractive investment. The company is committed to shareholder returns through dividends and aggressive share repurchases, supported by a healthy balance sheet and manageable debt. Devon's improved capital efficiency and increased production guidance, especially after the Grayson Mill acquisition, drive double-digit FCF yields at current oil prices.

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image for news Devon Energy: Growth Ahead
Devon Energy to Participate in a Fireside Chat at the Barclays 39th Annual CEO Energy & Power Conference
DVN
Published: August 20, 2025 by: GlobeNewsWire
Sentiment: Neutral

OKLAHOMA CITY, Aug. 20, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced Clay Gaspar, President and CEO will participate in a fireside chat at the Barclays 39th Annual CEO Energy & Power Conference.

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image for news Devon Energy to Participate in a Fireside Chat at the Barclays 39th Annual CEO Energy & Power Conference
Devon Energy Corporation (DVN) is Attracting Investor Attention: Here is What You Should Know
DVN
Published: August 11, 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
3 Strong Buy High-Yield Dividend Stocks With Over 40% Upside Potential
AES, CVS, DVN
Published: August 11, 2025 by: 24/7 Wall Street
Sentiment: Positive

Investors love dividend stocks, especially those with high yields, because they provide a substantial income stream and offer significant total return potential.

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image for news 3 Strong Buy High-Yield Dividend Stocks With Over 40% Upside Potential
Devon Energy (DVN) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
DVN
Published: August 07, 2025 by: Zacks Investment Research
Sentiment: Positive

The headline numbers for Devon Energy (DVN) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

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image for news Devon Energy (DVN) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Devon Q2 Earnings & Sales Beat Estimates, Production Guidance Raised
DVN
Published: August 06, 2025 by: Zacks Investment Research
Sentiment: Positive

DVN beat second-quarter earnings and sales estimates, raises 2025 production guidance and cut capital spending again.

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image for news Devon Q2 Earnings & Sales Beat Estimates, Production Guidance Raised
Devon Energy to Report Q2 Earnings: How Should You Play the Stock?
DVN
Published: August 04, 2025 by: Zacks Investment Research
Sentiment: Neutral

DVN's second-quarter revenues are set to rise, but earnings may drop despite strong production and cost control efforts.

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image for news Devon Energy to Report Q2 Earnings: How Should You Play the Stock?
Analysts Estimate Devon Energy (DVN) to Report a Decline in Earnings: What to Look Out for
DVN
Published: July 29, 2025 by: Zacks Investment Research
Sentiment: Negative

Devon Energy (DVN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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image for news Analysts Estimate Devon Energy (DVN) to Report a Decline in Earnings: What to Look Out for
Devon or Diamondback Energy: Which Stock Offers Better Value in 2025?
DVN, FANG
Published: July 25, 2025 by: Zacks Investment Research
Sentiment: Neutral

DVN and FANG are both operators in the oil and gas industry, having a strong presence in the domestic market.

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image for news Devon or Diamondback Energy: Which Stock Offers Better Value in 2025?
Devon Energy Corporation (DVN) Is a Trending Stock: Facts to Know Before Betting on It
DVN
Published: July 22, 2025 by: Zacks Investment Research
Sentiment: Positive

Devon Energy (DVN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Read More
image for news Devon Energy Corporation (DVN) Is a Trending Stock: Facts to Know Before Betting on It
Devon Energy's Stock Swoon: Could This Permian Producer Become A Prime M&A Target?
DVN
Published: July 21, 2025 by: Seeking Alpha
Sentiment: Neutral

Devon Energy's stock has dropped 32% over the past year and its relatively small enterprise value (~$28.8 billion) may make it a prime takeover candidate. That said, Devon's Q1 report was solid, with production growing 22.7% on the heels of its Grayson Mill Energy acquisition and free cash flow generation of $1 billion. Devon is improving efficiencies, reducing debt, and expects $1 billion in annual cost savings by 2026, enhancing its appeal to potential buyers.

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image for news Devon Energy's Stock Swoon: Could This Permian Producer Become A Prime M&A Target?
Devon Energy: Q2 Earnings On Tap, Shares Consolidating With Mid-$60s Oil
DVN
Published: July 21, 2025 by: Seeking Alpha
Sentiment: Neutral

Devon Energy remains undervalued, trading at just 8.2x earnings, below its historical average and sector peers, supporting my continued buy rating. Recent results were mixed: Q1 revenue beat expectations, but EPS missed slightly; production guidance was raised while capex was trimmed. Earnings outlook is muted with a 17% EPS decline expected this year, but longer-term recovery is possible; recent analyst downgrades reflect near-term caution.

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image for news Devon Energy: Q2 Earnings On Tap, Shares Consolidating With Mid-$60s Oil
5 Strong Buy High-Yield Dividend Stocks We Love Are Down Big in 2025
CAG, DOC, DVN, EIX, TGT
Published: July 21, 2025 by: 24/7 Wall Street
Sentiment: Positive

Investors love dividend stocks, especially those with high yields, because they provide a substantial income stream and offer significant total return potential.

Read More
image for news 5 Strong Buy High-Yield Dividend Stocks We Love Are Down Big in 2025
Can Systematic Investment Strengthen Devon Energy's Growth Trajectory?
DVN
Published: July 15, 2025 by: Zacks Investment Research
Sentiment: Positive

DVN's disciplined capital strategy, strong ROE and undervalued shares point to growth and resilience in a volatile energy market.

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image for news Can Systematic Investment Strengthen Devon Energy's Growth Trajectory?
Investors Heavily Search Devon Energy Corporation (DVN): Here is What You Need to Know
DVN
Published: July 11, 2025 by: Zacks Investment Research
Sentiment: Positive

Devon Energy (DVN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Read More
image for news Investors Heavily Search Devon Energy Corporation (DVN): Here is What You Need to Know
Devon is Trading Above 50 and 200 Day SMA: How to Play the Stock?
DVN
Published: July 09, 2025 by: Zacks Investment Research
Sentiment: Positive

DVN trades above 50 and 200 Day SMAs, signaling a bullish trend backed by strong assets, low costs and discounted valuation.

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image for news Devon is Trading Above 50 and 200 Day SMA: How to Play the Stock?

About Devon Energy Corporation (DVN)

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