DVN
Devon Energy Corporation NYSE Listed Jul 22, 1985$42.12
-1.08%
vs $42.58
Mkt Cap $26.5B
52w Low $31.74
51.1% of range
52w High $52.07
50d MA $46.61
200d MA $40.63
P/E (TTM)
10.0x
EV/EBITDA
4.4x
P/B
1.7x
Debt/Equity
0.6x
ROE
17.0%
P/FCF
8.5x
RSI (14)
41.60
ATR (14)
$1.41
Beta
0.53
50d MA
$46.61
200d MA
$40.63
Avg Volume
15.6M
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.
333 West Sheridan Avenue · Oklahoma City, OK 73102-5015 · US
| Date | Time | Est | Rptd | Surp | Base | Gap% | D1% | D2% | D3% | D4% | D5% | Guide ▲★ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 5, 2026 | AMC | 1.06 | 1.04 | -1.9% | 50.99 | -6.8% | -8.6% | -2.8% | +0.7% | +2.5% | +0.1% | — |
| Feb 17, 2026 | AMC | 0.81 | 0.82 | +1.6% | 44.04 | +1.0% | +0.9% | +0.5% | -0.6% | -1.6% | -0.9% | — |
| Nov 5, 2025 | AMC | 0.93 | 1.04 | +11.8% | 32.34 | +3.0% | +0.3% | +3.9% | +0.7% | +3.7% | +0.2% | — |
| Aug 5, 2025 | AMC | 0.86 | 0.84 | -2.8% | 32.31 | +2.1% | +0.4% | -0.2% | +2.7% | -1.2% | +1.4% | — |
| May 6, 2025 | AMC | 1.24 | 1.21 | -2.4% | 30.59 | -0.6% | -1.0% | +5.4% | +1.9% | +3.1% | +2.2% | — |
| Feb 18, 2025 | AMC | 1.00 | 1.16 | +16.0% | 34.88 | +3.8% | +7.7% | +2.6% | -2.7% | -0.5% | -3.8% | — |
| Nov 5, 2024 | AMC | 1.09 | 1.10 | +0.9% | 39.34 | +0.9% | +1.7% | -2.8% | -0.1% | +0.2% | -1.6% | — |
| Aug 6, 2024 | AMC | 1.26 | 1.41 | +11.9% | 41.98 | +3.7% | +2.8% | +4.5% | -0.4% | +0.9% | -1.5% | — |
| May 1, 2024 | AMC | 1.11 | 1.16 | +4.5% | 50.40 | +1.4% | -0.1% | +0.4% | +0.6% | +0.2% | -0.8% | — |
| Feb 27, 2024 | AMC | 1.41 | 1.41 | +0.0% | 44.32 | -0.5% | -0.7% | +0.1% | +0.7% | -0.0% | +1.6% | — |
| Nov 7, 2023 | AMC | 1.57 | 1.65 | +5.1% | 45.29 | -1.3% | -2.5% | -0.1% | +3.4% | -0.4% | +0.7% | — |
| Aug 1, 2023 | AMC | 1.18 | 1.18 | +0.0% | 53.68 | -3.1% | -7.3% | +2.2% | -0.1% | +0.0% | -0.1% | — |
| May 8, 2023 | AMC | 1.38 | 1.46 | +5.8% | 51.00 | -1.5% | -3.6% | -2.2% | -1.8% | +0.6% | +0.4% | — |
| Date | Firm | Action | Grade | Target | Base | Open | Gap% | D1% | D2% | D3% | D4% | D5% |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 10 | Evercore ISI | Upgrade | In-line → Outperform | $54 | $44.07 | $44.95 | +2.0% | +5.7% | -4.3% | +1.6% | -3.9% | -1.5% |
| Jun 8 | JP Morgan | Reiterates | Overweight | $62 | $44.28 | $44.99 | +1.6% | +1.8% | -2.2% | +5.7% | -4.3% | +1.6% |
| May 15 | Evercore ISI | Initiates | In-line | $54 | $47.24 | $47.88 | +1.4% | +4.8% | +0.4% | +0.0% | -2.5% | -2.8% |
| May 8 | Jefferies | Upgrade | Hold → Buy | $62 | $45.31 | $46.00 | +1.5% | +0.7% | +2.5% | +0.1% | +0.3% | +0.7% |
| May 5 | Raymond James | Upgrade | Outperform → Strong Buy | $72 | $51.26 | $51.24 | -0.0% | -0.5% | -8.6% | -2.8% | +0.7% | +2.5% |
| Apr 22 | Scotiabank | Maintains | Sector Perform → Sector Perform | — | $45.60 | $46.00 | +0.9% | +3.3% | +2.2% | -0.4% | +0.5% | +2.7% |
| Apr 14 | UBS | Maintains | Buy → Buy | — | $47.27 | $46.63 | -1.4% | -4.3% | -0.0% | +1.2% | -3.4% | +1.6% |
| Mar 30 | Citigroup | Maintains | Buy → Buy | — | $52.07 | $52.09 | +0.0% | -1.1% | -2.3% | -3.4% | +1.9% | +0.3% |
| Mar 27 | Morgan Stanley | Maintains | Overweight → Overweight | — | $51.35 | $51.63 | +0.5% | +1.4% | -1.1% | -2.3% | -3.4% | +1.9% |
| Mar 24 | Truist | Upgrade | Hold → Buy | — | $48.49 | $48.97 | +1.0% | +3.7% | +0.3% | +1.9% | +1.4% | -1.1% |
| Mar 17 | Mizuho | Maintains | Outperform → Outperform | — | $46.65 | $47.15 | +1.1% | +1.7% | +1.6% | +1.3% | -0.3% | -0.3% |
| Mar 17 | TD Cowen | Maintains | Hold → Hold | — | $46.65 | $47.15 | +1.1% | +1.7% | +1.6% | +1.3% | -0.3% | -0.3% |
| Mar 16 | Barclays | Maintains | Overweight → Overweight | — | $46.25 | $46.00 | -0.5% | +0.9% | +1.7% | +1.6% | +1.3% | -0.3% |
| Mar 12 | Piper Sandler | Maintains | Overweight → Overweight | — | $45.36 | $45.70 | +0.7% | +1.8% | +0.1% | +0.9% | +1.7% | +1.6% |
| Mar 5 | UBS | Maintains | Buy → Buy | — | $43.49 | $44.16 | +1.5% | +2.4% | -0.1% | +0.8% | -2.5% | +3.8% |
| Mar 5 | Piper Sandler | Maintains | Overweight → Overweight | — | $43.49 | $44.16 | +1.5% | +2.4% | -0.1% | +0.8% | -2.5% | +3.8% |
| Feb 23 | Scotiabank | Maintains | Sector Perform → Sector Perform | — | $44.39 | $44.40 | +0.0% | -1.6% | -0.9% | -1.5% | +0.1% | +2.0% |
| Feb 23 | Barclays | Maintains | Overweight → Overweight | — | $44.39 | $44.40 | +0.0% | -1.6% | -0.9% | -1.5% | +0.1% | +2.0% |
| Feb 20 | Susquehanna | Maintains | Positive → Positive | — | $44.66 | $44.34 | -0.7% | -0.6% | -1.6% | -0.9% | -1.5% | +0.1% |
| Feb 20 | Wells Fargo | Maintains | Overweight → Overweight | — | $44.66 | $44.34 | -0.7% | -0.6% | -1.6% | -0.9% | -1.5% | +0.1% |
| Feb 4 | Barclays | Upgrade | Equal Weight → Overweight | — | $41.11 | $41.93 | +2.0% | +5.5% | -0.5% | +1.5% | -0.8% | +0.0% |
| Feb 3 | Scotiabank | Maintains | Sector Perform → Sector Perform | — | $40.14 | $40.24 | +0.2% | +2.4% | +5.5% | -0.5% | +1.5% | -0.8% |
| Feb 3 | Susquehanna | Maintains | Positive → Positive | — | $40.14 | $40.24 | +0.2% | +2.4% | +5.5% | -0.5% | +1.5% | -0.8% |
| Jan 27 | Wells Fargo | Maintains | Overweight → Overweight | — | $38.63 | $39.10 | +1.2% | +2.1% | +1.0% | +0.3% | +0.7% | -0.2% |
| Jan 26 | Susquehanna | Maintains | Positive → Positive | — | $38.64 | $39.27 | +1.6% | -0.0% | +2.1% | +1.0% | +0.3% | +0.7% |
| Jan 23 | Morgan Stanley | Maintains | Overweight → Overweight | — | $37.98 | $38.74 | +2.0% | +1.7% | -0.0% | +2.1% | +1.0% | +0.3% |
| Jan 21 | Barclays | Maintains | Equal Weight → Equal Weight | — | $36.29 | $37.17 | +2.4% | +4.0% | +0.6% | +1.7% | -0.0% | +2.1% |
| Jan 16 | Scotiabank | Downgrade | Sector Outperform → Sector Perform | — | $36.32 | $36.20 | -0.3% | -0.3% | +0.2% | +4.0% | +0.6% | +1.7% |
| Jan 5 | Bernstein | Maintains | Outperform → Outperform | — | $37.87 | $37.79 | -0.2% | -3.5% | -1.8% | -4.0% | +4.7% | -0.9% |
| Dec 31 | Roth Capital | Maintains | Buy → Buy | — | $36.82 | $36.86 | +0.1% | -0.5% | +3.4% | -3.5% | -1.8% | -4.0% |
| Dec 17 | Citigroup | Maintains | Buy → Buy | — | $35.09 | $35.70 | +1.7% | +5.3% | -3.3% | +0.3% | +1.6% | -0.2% |
| Dec 12 | UBS | Upgrade | Neutral → Buy | — | $37.54 | $38.14 | +1.6% | -0.1% | -3.6% | -3.0% | +5.3% | -3.3% |
| Dec 12 | Mizuho | Maintains | Outperform → Outperform | — | $37.54 | $38.14 | +1.6% | -0.1% | -3.6% | -3.0% | +5.3% | -3.3% |
| Dec 11 | Morgan Stanley | Maintains | Overweight → Overweight | — | $38.41 | $37.95 | -1.2% | -2.3% | -0.1% | -3.6% | -3.0% | +5.3% |
| Dec 8 | JP Morgan | Upgrade | Neutral → Overweight | — | $37.47 | $37.66 | +0.5% | +0.3% | -0.5% | +2.7% | -2.3% | -0.1% |
| Nov 18 | Piper Sandler | Maintains | Overweight → Overweight | — | $35.07 | $34.75 | -0.9% | +2.3% | -1.6% | -0.3% | +1.4% | +0.8% |
| Nov 12 | Susquehanna | Maintains | Positive → Positive | — | $35.16 | $35.10 | -0.2% | +0.2% | -0.5% | +2.3% | -2.1% | +2.3% |
| Oct 20 | Susquehanna | Maintains | Positive → Positive | — | $31.74 | $31.77 | +0.1% | +0.6% | +0.4% | +1.1% | +3.2% | -1.4% |
| Oct 17 | Wells Fargo | Maintains | Overweight → Overweight | — | $32.03 | $32.05 | +0.1% | -0.9% | +0.6% | +0.4% | +1.1% | +3.2% |
| Oct 14 | Morgan Stanley | Maintains | Overweight → Overweight | — | $33.21 | $32.42 | -2.4% | -1.5% | -0.3% | -1.8% | -0.9% | +0.6% |
| Oct 9 | Scotiabank | Maintains | Sector Outperform → Sector Outperform | — | $34.97 | $35.25 | +0.8% | -1.8% | -5.4% | +2.2% | -1.5% | -0.3% |
| Oct 7 | Barclays | Maintains | Equal Weight → Equal Weight | — | $34.91 | $34.76 | -0.4% | +0.2% | -0.1% | -1.8% | -5.4% | +2.2% |
| Oct 6 | Evercore ISI | Maintains | In Line → In Line | — | $34.56 | $34.82 | +0.8% | +1.0% | +0.2% | -0.1% | -1.8% | -5.4% |
| Sep 15 | Mizuho | Maintains | Outperform → Outperform | — | $34.77 | $34.59 | -0.5% | -2.9% | +3.6% | +1.3% | -1.1% | -3.0% |
| Aug 20 | UBS | Maintains | Neutral → Neutral | — | $33.58 | $33.61 | +0.1% | +0.6% | +0.3% | +3.7% | +1.7% | -1.5% |
| Aug 18 | Morgan Stanley | Maintains | Overweight → Overweight | — | $33.69 | $33.53 | -0.5% | -0.4% | +0.1% | +0.6% | +0.3% | +3.7% |
| Aug 14 | Piper Sandler | Maintains | Overweight → Overweight | — | $33.62 | $33.43 | -0.6% | +0.7% | -0.5% | -0.4% | +0.1% | +0.6% |
| Aug 12 | Wells Fargo | Maintains | Overweight → Overweight | — | $32.87 | $32.98 | +0.3% | +1.4% | +0.9% | +0.7% | -0.5% | -0.4% |
| Aug 6 | Barclays | Maintains | Equal Weight → Equal Weight | — | $32.31 | $33.00 | +2.1% | +0.4% | -0.2% | +2.7% | -1.2% | +1.4% |
| Jul 22 | Raymond James | Maintains | Outperform → Outperform | — | $32.35 | $32.47 | +0.4% | +1.4% | +1.3% | +0.2% | -1.1% | +3.5% |
| Date | Insider | Title | Type | Shares | Price | Value | Owned After | D1% | D5% |
|---|---|---|---|---|---|---|---|---|---|
| May 11, 2026 | Ritenour Jeffrey LOff | EVP & CHIEF CORP DEV OFFICER | Sell | 70,029 | $46.66 | $3.3M | 428,452 | +0.28% | +0.02% |
8-K · 8.01
!! High
Devon Energy Corporation -- 8-K 8.01: Material Event / Announcement
May 22
8-K · 8.01
!! High
Devon Energy Corporation -- 8-K 8.01: Material Event / Announcement
May 21
8-K
Devon Energy Corporation -- 8-K Filing
Devon Energy's merger with ConocoPhillips closed, with shareholders receiving ConocoPhillips stock and cash for fractional shares under the registered S-4 transaction terms.
May 7
8-K
Coterra Energy Inc. -- 8-K Filing
Coterra Energy shareholders approved the merger with Devon Energy, consolidating two major oil and gas producers into a combined company with enhanced scale and operational efficiency.
May 5
8-K
Devon Energy Corporation -- 8-K Filing
Devon Energy's shareholders approved an authorized share charter amendment as part of the company's merger agreement, moving the combined entity closer to completion.
May 5
8-K · 8.01
!! High
Coterra Energy Inc. -- 8-K 8.01: Material Event / Announcement
Devon Energy's acquisition of Coterra Energy, completed February 1, 2026, combines two major oil and gas producers through a merger structure, creating a larger integrated energy company with expanded reserves and operational scale.
Apr 24
8-K
Devon Energy Corporation -- 8-K Filing
Devon Energy disclosed two shareholder lawsuits challenging its proposed acquisition, which could delay closing or increase transaction costs for the combined entity.
Apr 24
8-K
Unknown — 8-K Filing
Devon Energy (DVN) is acquiring Coterra Energy (CTRA) in an all-stock merger, creating a larger independent oil and gas producer that should enhance scale and operational efficiency for Devon shareholders.
Apr 10
8-K
Unknown — 8-K Filing
Devon's acquisition of Coterra will dilute existing shareholders through stock issuance, so investors should evaluate whether the merger's strategic benefits justify the ownership stake reduction.
Apr 2
8-K · 5.02
!!! Very High
Unknown — 8-K 5.02: Executive Change
A new board member with petroleum engineering expertise and field operations background strengthens governance at these energy companies, potentially improving operational oversight and strategic decision-making in a capital-intensive sector.
Apr 2
8-K · 8.01
!! High
Unknown — 8-K 8.01: Material Event / Announcement
Devon Energy's planned merger with Coterra will issue new stock to Coterra shareholders, diluting existing Devon shareholders' ownership unless earnings growth significantly exceeds the dilution rate.
Apr 2
8-K
Unknown — 8-K Filing
Bank of America amended its credit facility, likely improving borrowing terms or extending maturity, which strengthens DVN's financial flexibility and reduces refinancing risk for investors.
Mar 24
S-4
!!! Very High
Unknown — Merger Registration
Coterra Energy shareholders will receive 0.70 Devon Energy shares per share held, valuing the deal at approximately $2.04 billion and creating a combined energy company better positioned to weather commodity volatility.
Mar 24
8-K · 5.02
!!! Very High
Unknown — 8-K 5.02: Executive Change
I cannot provide meaningful analysis without specific details about which executive changed roles, their compensation impact, or strategic implications for either DVN (Devon Energy) or HP (Hewlett-Packard).
Mar 16
S-4
!!! Very High
Unknown — Merger Registration
Coterra Energy shareholders will receive 0.70 DevonEnergy shares per share held, diluting current DevonEnergy shareholders' ownership unless synergies offset integration risks.
Mar 12
8-K · 8.01
!! High
Coterra Energy Inc. -- 8-K 8.01: Material Event / Announcement
Coterra Energy announced a material event requiring disclosure, though specific details weren't provided in this summary excerpt; investors should review the complete 8-K filing for full information on potential impacts.
Feb 26
8-K
Devon Energy Corporation -- 8-K Filing
Devon Energy reported fourth-quarter and full-year 2025 results and declared a quarterly fixed dividend, signaling operational performance update and shareholder return commitment to investors.
Feb 17
8-K · 1.01
!!! Very High
Coterra Energy Inc. -- 8-K 1.01: Merger Agreement
Coterra Energy agreed to merge with Devon Energy in an all-stock deal, combining two independent oil and gas producers into a larger integrated energy company.
Feb 2
8-K
Devon Energy Corporation -- 8-K Filing
Devon Energy will issue 0.70 shares of its common stock for each share of the acquired company in a merger, with resulting shares listing on the NYSE.
Feb 2
Institutional (13F) — Top 20
All ↗
| # | Manager | Shares | Value | Chg | Period |
|---|---|---|---|---|---|
| 1 | Vanguard Capital Management Llc | 40,328,127 | $2.0B | New | Mar 2026 |
| 2 | Vanguard Portfolio Management Llc | 34,336,786 | $1.7B | New | Mar 2026 |
| 3 | Invesco Ltd. | 18,954,661 | $954M | Added | Mar 2026 |
| 4 | Morgan Stanley | 23,180,920 | $849M | Reduced | Dec 2025 |
| 5 | Gqg Partners Llc | 16,170,345 | $814M | New | Mar 2026 |
| 6 | Victory Capital Management Inc | 9,132,342 | $460M | Reduced | Mar 2026 |
| 7 | Bank Of America Corp /de/ | 6,214,358 | $313M | Added | Mar 2026 |
| 8 | Northern Trust Corp | 6,002,224 | $302M | Added | Mar 2026 |
| 9 | Ubs Group Ag | 5,246,532 | $264M | Added | Mar 2026 |
| 10 | Arrowstreet Capital, Limited Partnership | 5,180,682 | $261M | Added | Mar 2026 |
| 11 | Aqr Capital Management Llc | 5,122,466 | $258M | Reduced | Mar 2026 |
| 12 | Jpmorgan Chase & Co | 4,056,069 | $209M | Added | Mar 2026 |
| 13 | Bank Of New York Mellon Corp | 4,054,952 | $204M | Added | Mar 2026 |
| 14 | D.e. Shaw & Co | 3,834,547 | $193M | Added | Mar 2026 |
| 15 | Raymond James Financial Inc | 3,611,301 | $182M | Added | Mar 2026 |
| 16 | Fmr Llc | 3,514,449 | $177M | Added | Mar 2026 |
| 17 | Barclays Plc | 3,065,392 | $154M | Added | Mar 2026 |
| 18 | Franklin Resources Inc | 2,841,677 | $143M | Added | Mar 2026 |
| 19 | Royal Bank Of Canada | 2,747,768 | $138M | Added | Mar 2026 |
| 20 | Man Group Plc | 2,623,313 | $132M | Added | Mar 2026 |
Mutual Funds / ETFs (N-PORT) — Top 20
All ↗
Valuation
Market Cap
$26.49B
Enterprise Value
$32.65B
P/E (TTM)
10.03x
Forward P/E
8.00x
PEG Ratio
-1.11x
P/B
1.70x
P/S
1.55x
P/FCF
8.49x
EV/EBITDA
4.40x
Shares Out
629.0M
Financials (TTM)
Revenue
$17.13B
Net Income
$2.64B
EBITDA
$7.42B
Free Cash Flow
$3.12B
Op Cash Flow
$6.71B
EPS Basic
$4.21
EPS Diluted
$4.20
EPS Forward
$5.26
Gross Margin
24.7%
Op Margin
22.0%
Net Margin
15.4%
Balance Sheet
Total Assets
$31.60B
Total Liab.
$16.07B
Total Equity
$15.53B
Cash
$1.43B
LT Debt
$7.59B
Book Value/Sh
$24.73
Debt/Equity
0.57x
Current Ratio
0.98
Quick Ratio
0.90
Returns & Growth
ROE
17.0%
ROA
8.4%
ROIC
10.2%
Rev Growth YoY
+10.0%
EPS Growth YoY
-7.9%
Price Returns
2W
-5.8%
1M
-13.4%
3M
+2.2%
6M
+20.0%
12M
+47.0%
Technicals
52W High
$52.07
52W Low
$31.74
50d MA
$46.61
200d MA
$40.63
RSI (14)
41.60
ATR (14)
$1.41
Beta
0.53
Avg Volume
15.6M
Dividends
Div Rate
$0.99
Div Yield
1.9%
Frequency
4
Ex-Div Date
Mar 13, 2026
Analyst Price Targets
Consensus
$53.78
High
$66.00
Low
$42.00
Median
$52.00
Data updated apr 25, 2026 6:04am
· Source: financialmodelingprep.com