DVN
Devon Energy
$43.05
▲ 2.2%Updated Today 7:15 PM ET
▲ Up 23.7% over the last 12 months
Market Cap
$48.58B
P/E
21.4x
Forward P/E (est.)
26.08x
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)
2.4%
Rating Score
50/100
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 $43.05, around its 50-day average ($46.61) and 200-day average ($40.63). 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 42 it is in neutral territory — neither stretched nor washed out.
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 $1.69 (~3.9% 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 $41.52 (support) and sellers near $49.13 (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 2.4× the 20-day average — heavier than usual, which adds conviction to the move. 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.
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 $48.58B.
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.
4Y CAGR
5.1%
Revenue moved from $13.75B in 2021 to $16.79B in 2025, a 5.1% 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.
P/E
21.4x
P/S
2.87x
P/B
1.45x
EV / EBITDA
80.13x
DVN trades at 21.4x trailing earnings (about 26.1x on estimated forward earnings), 2.9x sales, and 1.5x book value. Reverse-engineering today's price implies the market expects roughly 2.4% long-term free-cash-flow growth. That is a fairly typical valuation for a profitable company.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. 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 (21 S&P 500 companies), DVN ranks #15 of 21 by our overall rating. It trades at roughly in line versus the sector on earnings (21.4x P/E vs. 18.9x median) with a similar return on equity (14.8% vs. 14.8%) and slower revenue growth (-1.5% vs. -0.4%).
P/E vs sector
21.4x
median 18.9x
ROE vs sector
14.8%
median 14.8%
Growth vs sector
-1.5%
median -0.4%
Sector rank
#15
of 21 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 21 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)
$65.14 – $105.22
vs. $43.05 today · expected CAGR 9% – 20%
| 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 | $4.45 | $4.59 | $4.72 | $4.86 | $5.01 |
| Share price (low) | $57.87 | $59.61 | $61.40 | $63.24 | $65.14 |
| Share price (high) | $93.49 | $96.29 | $99.18 | $102.16 | $105.22 |
| CAGR (low–high) | 34% / 117% | 18% / 50% | 13% / 32% | 10% / 24% | 9% / 20% |
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 21.4x earnings, which our model scores Neutral (50/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
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.