Devon Energy Corporation

Valuation Analysis

About the Company

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 Houston, Texas.

Devon Energy Corporation Stock at a Glance

Devon Energy Corporation (DVN) is currently trading at $45.31 with a market capitalization of $52.3B. The trailing P/E ratio stands at 12.62x, with a forward P/E of 8.31x. The 52-week range spans from $31.45 to $52.71; the current price is 14% below the yearly high. Year-over-year revenue growth stands at -0.8%. The net profit margin stands at 14.17%.

💰 Dividend

Devon Energy Corporation pays an annual dividend of $1.04 per share, representing a yield of 2.3%. The payout ratio stands at 26.74%.

📊 Analyst Rating

26 analysts rate Devon Energy Corporation (DVN) on consensus: Strong Buy. The average price target is $61.19, implying +35.05% from the current price. Analyst price targets range from $44.00 to $72.00.

Devon Energy Corporation: The Investment Case in Detail

Devon Energy Corporation (DVN) operates in the Energy — specifically Oil & Gas E&P — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bull Case

Wall Street consensus sits at Strong Buy with an average price target implying roughly 35.05% upside from current levels — analyst sentiment is firmly constructive. Our valuation screen flags the stock as undervalued relative to its fundamentals — multiples are running below where the cash flow profile would normally justify.

The Bear Case

Revenue is contracting at -0.8% year-over-year — until that trend reverses, valuation is exposed to further downgrades.

Valuation in Context

The EV/EBITDA multiple of 5.22x is below the historical equity-market average — strategic acquirers would find the cash-flow profile attractive at this level.

What to Watch Next

• The forward P/E of 8.31x is meaningfully below the trailing 12.62x — analysts expect earnings to step up; the next earnings release is the test.
• The analyst consensus price target implies 35.05% upside — if the next two quarters confirm the underlying thesis, target hikes typically follow.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

Price shows short-term weakness (below 50d MA) but is still in a longer-term uptrend (above 200d MA).

Risk Profile

The data points to relatively defensive market behavior.

Trading Data

💵 Dividend Info

Related Stocks in the Same Sector

Where can I buy Devon Energy Corporation?

Compare top-rated brokers — low fees, trusted providers, fully regulated.