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DVN

Devon Energy Corporation

DVN

NYSE·Energy·Oil & Gas Exploration & Production·Mkt cap $25.0B

$40.11

▼ -0.36%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$31.45 - $52.71

P/E

11.17

Fwd P/E

11.53

Beta

0.42

Div Yield

2.58%

Avg Vol

14.7M

Shares Out

621.4M

Mkt Cap

$25.0B

Price action

Price chart

Up 20.5% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

4 reasons

  • Extensive U.S. drilling portfolio
  • Advanced extraction technologies
  • Diversified energy resource base
  • Strong operational efficiency
▼

Bear Case

1 risk

  • Low volatility (beta 0.4).

Growth

Mild headwinds expected

Rising global energy demand

Value

Fairly valued vs Oil & Gas E&P peers

Momentum

Weak

-18.7% over 3m

Quality

Stable

Excellent business quality

Dividend

Solid

2.58% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: May 4, 2026

“
Q2 26 RECAP

MAY 5, 2026

Reported EPS of $1.04 vs $1.06 consensus (-1.9% surprise). Revenue of $3.8B vs $4.3B expected (-12.3%).

EPS miss
Revenue miss

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-1.9%

Next: May 4, 2026

Revenue trend · last 8Q

—

—

+10%

+29%

+6%

+3%

-6%

+3%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$3.8B

$4.1B

$4.2B

$4.4B

$4.0B

$4.3B

$3.9B

$4.5B

Margins · last 8Q

Gross

25.2%

Operating

22.5%

Profit

2.7%

View full earnings history →

Wall Street consensus

14 analysts · 79% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

11

79%

Hold

3

21%

Sell

0%

Median Price Target

$64.50

▲ +60.8% vs $40.11

Low $57.00
Median $64.50
High $72.00

Latest: Morgan Stanley · $63.00 · Jun 29, 2026

9 analysts covering

View full analyst page →

vs Industry

How DVN stacks vs Oil & Gas Exploration & Production

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.