DVN
Devon Energy
$43.09
▼ 0.0%Updated Aug 7, 11:30 AM ET
DVN at a glance — five pillars scored 0–100 from real filed financials.
Overall: Neutral · 50/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▲ Up 23.7% over the last 12 months
Market Cap
$46.68B
P/E
21.89x
Forward P/E (est.)
26.68x
ROE
14.8%
Revenue Growth
-1.5%
EPS Growth
-17.9%
Profit Margin
13.7%
FCF Yield
23.0%
Debt / Equity
0.54x
ROIC
-10.0%
Interest Coverage
—
Current Ratio
1.01x
Dividend Yield
2.4%
Implied Growth (rev. DCF)
2.2%
Rating Score
50/100
Devon Energy (DVN) is a large-cap company in the Oil & Gas Exploration & Production industry, part of the Energy sector of the S&P 500, with a market value around $46.68B.
In its latest reported year it generated about $16.79B in revenue and $2.64B in net profit.
Our model rates DVN Neutral (50/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Evidence of durable competitive advantage in the filed financials (10 years of history).
Some durable-advantage evidence, but not across the board — dig into which ingredient is weak and whether it's cyclical or structural.
grew in 6 of the last 9 year-over-year periods
positive in 7 of 7 years
-10.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what DVN's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. DVN trades near $43.09, around its 50-day average ($45.90) and 200-day average ($40.95). Price tangled in its moving averages means there is no clear trend — the stock is ranging.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 26 it is oversold — selling has been heavy and a bounce is possible.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. DVN's is $1.30 (~3.0% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month DVN found buyers near $40.00 (support) and sellers near $47.25 (resistance); its 52-week range is $31.45–$52.71. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 1.0× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
5.1%
Revenue moved from $2.77B in 2016 to $16.79B in 2025, a 22.2% compound annual growth rate. The most recent year declined 1.5% year over year. Shrinking revenue is worth a closer look — is it cyclical or structural?
Gross Margin
43.8%
Operating Margin
20.8%
Net Margin
15.7%
ROE
14.8%
Devon Energy keeps about 13.7% of each sales dollar as net profit, with a 43.8% gross margin and 20.8% operating margin. Return on equity is 14.8% and return on invested capital about -10.0%. Margins are moderate — typical of a competitive but profitable business.
Total Debt
$8.39B
Net Debt
$6.62B
Net Debt / EBITDA
—
Debt / Equity
0.54x
Leverage: debt-to-equity is 0.5x, with a current ratio of 1.0x. That is a moderate, manageable debt load for most businesses. It carries roughly $8.39B of total debt against $1.76B of cash.
Operating CF
$6.71B
Free Cash Flow
$3.12B
FCF Margin
18.6%
In the latest year Devon Energy produced about $6.71B of operating cash flow and $3.12B of free cash flow after capital spending. That is a free-cash-flow yield of about 23.0% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
The dividend is being paid, but coverage or consistency is thinner than an income investor should rely on without a closer look.
Dividend yield
2.4%
Total paid (latest FY)
$937.00M
History on record
6 years
dividend uses 30% of free cash flow
35% of net income paid out
no current raise streak
payout was cut at least once in the last 6 years
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
21.89x
P/S
2.87x
P/B
1.49x
EV / EBITDA
—
DVN trades at 21.9x trailing earnings (about 26.7x on estimated forward earnings), 2.9x sales, and 1.5x book value. Reverse-engineering today's price implies the market expects roughly 2.2% long-term free-cash-flow growth. That is a fairly typical valuation for a profitable company.
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
DCF fair value / share
$62.96
Current price
$43.09
Starting FCF (latest 10-K)
$3.12B
Growth, years 1–5
-1.5%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Where DVN sits versus its Energy sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 47 Energy companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How DVN stacks up against its Energy peers — valuation, profitability, and growth versus the sector median.
In the Energy sector (57 S&P 500 companies), DVN ranks #32 of 57 by our overall rating. It trades at roughly in line versus the sector on earnings (21.9x P/E vs. 19.4x median) with a higher return on equity (14.8% vs. 13.3%) and slower revenue growth (-1.5% vs. 0.7%).
P/E vs sector
21.9x
median 19.4x
ROE vs sector
14.8%
median 13.3%
Growth vs sector
-1.5%
median 0.7%
Sector rank
#32
of 57 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Energy companies by sub-industry and size. Sector median is across all 57 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $43.09 today · expected CAGR -3% – 8%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $17.29B | $17.81B | $18.34B | $18.89B | $19.46B |
| Net income | $2.77B | $2.85B | $2.93B | $3.02B | $3.11B |
| EPS | $2.55 | $2.63 | $2.71 | $2.79 | $2.87 |
| Share price (low) | $33.20 | $34.19 | $35.22 | $36.28 | $37.36 |
| Share price (high) | $56.18 | $57.87 | $59.60 | $61.39 | $63.23 |
| CAGR (low–high) | -23% / 30% | -11% / 16% | -7% / 11% | -4% / 9% | -3% / 8% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for DVN:
- Healthy free-cash-flow yield (~23.0%) funds buybacks and dividends.
- Pays a 2.4% dividend on top of any price gains.
The case against DVN:
- Revenue growth is slow/negative (-1.5%), limiting the upside engine.
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Growth risk — sluggish revenue (-1.5%) leaves little margin for execution missteps.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: Devon Energy is a large-cap energy business with shrinking revenue, with solid profitability, and a sound balance sheet. It trades at 21.9x earnings, which our model scores Neutral (50/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 32 Wall Street analysts covering DVN recommend (August 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Analysts have turned more positive over the last three months (+6 pts of buy ratings).
Latest SEC Filings
DVN's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
In the Idea Lab
DVN — frequently asked questions
Is DVN a good stock to buy?
We don't give buy or sell advice. Our model rates Devon Energy Neutral (50/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is DVN's rating on The Stocks School?
Devon Energy currently scores 50/100 (Neutral) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does DVN's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Devon Energy's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for DVN calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this DVN analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell DVN. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.