Devon Energy Corp (DVN)
OvervaluedFundamental
68
Price
$46.04
Market Cap
$51.40B
Part 1 · What the company is worth
Overview
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.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated on September 18, 2026 with claude-haiku-4-5 — shared with all users
Diamondback is the other large pure-play Permian producer, drilling the same Delaware and Midland Basin rock and selling the same barrels of light shale oil to the same Gulf Coast refiners and exporters.
ConocoPhillips is the largest US independent producer and overlaps with Devon in the Delaware Basin, the Eagle Ford and the Bakken, competing for the same acreage, the same oilfield services and the same buyers of crude.
EOG is a US onshore shale producer with core positions in the Delaware Basin and the Eagle Ford, the same two plays that generate most of Devon's oil volumes.
Occidental is one of the biggest operators in the Permian Basin of west Texas and New Mexico, bidding against Devon for leases and infrastructure capacity in the same counties.
Permian Resources is a Delaware Basin–focused producer whose acreage sits alongside Devon's core position, competing for the same undeveloped land and the same drilling crews.
Ovintiv produces oil and natural gas liquids from the Permian, Anadarko and Montney plays, overlapping directly with Devon's Delaware and Anadarko operations and selling into the same North American markets.
Balance Sheet & Liquidity
Revenue
$19.70B
Trailing 12 months (through 6/30/2026)
Net Income
$3.28B
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$3.12B
Total Equity
$15.53B
Total Liabilities
$16.07B
Current Ratio
0.72
Interest Coverage
-
Debt/EBITDA
1.50
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$32.35
Current Price
$46.04
Margin of Safety
-42.3%
Fair Value Range
$21.03 - $43.68
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
10.94
ROE
17.0%
P/B Ratio
1.21
P/FCF
10.79
Gross Margin
-
ROIC
-
Profitability Radar
Value Creation (Economic Moat)
ROIC
-
WACC
7.0%
ROIC − WACC
-
Fundamental Analysis Criteria
Passed (15)
- P/FCF 10.79
- P/B Ratio 1.21
- Debt/Equity ratio
- Positive Free Cash Flow
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- Price below Graham Number
- ROE 14.9%
- Revenue Growth 5Y 28.9%
- Analyst Consensus 88% Buy
- Earnings Surprise avg 5.0%
- Earnings Quality (OCF/NI) 2.61
- Share Dilution -0.1%
- Piotroski F-Score 6/9
Failed (6)
- EPS shows upward trend
- EPS CAGR -3.55%
- Price CAGR 0.96%
- CapEx intensity
- Current Ratio
- DCF valuation (Overvalued)
Unavailable (7)
- ROIC NaN%
- Gross Margin NaN%
- Dividend Payout NaN%
- Operating Margin NaN%
- Interest Coverage
- PEG Ratio (need PE > 0 and growth > 0)
- Net Margin Trend (invalid data)
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Clay M. Gaspar | President, CEO & Director | 53 |
| Mr. Jeffrey L. Ritenour CPA | Executive VP & Chief Corporate Development Officer | 52 |
| Mr. J. Larry Nichols | Co-Founder & Chairman Emeritus | 83 |
| Mr. Shannon E. Young III | Executive VP & CFO | 53 |
| Mr. Blake A. Sirgo | Executive Vice President of Operations | 42 |
| Mr. Gregory F. Conaway CPA | VP & Chief Accounting Officer | 50 |
| Mr. Daniel Dennis Guffey C.F.A. | Senior Vice President of Corporate Finance | - |
| Mr. Kevin William Smith | Executive VP & CTO | 39 |
| Ms. Andrea M. Alexander | Senior VP & Chief Administrative Officer | 42 |
| Mr. Christopher Carr | Director of Investor Relations | - |
Audit Risk
2
Board Risk
4
Compensation Risk
2
Shareholder Rights Risk
7
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-18
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-08-05
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-08-27
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for DVN, sourced from Markets Gazette.
- 8d agoPOSITIVEPerché Toms Capital vuole che Devon Energy valuti una vendita
Devon Energy Corporation shares surged following reports that activist hedge fund Toms Capital Management is urging the oil and gas producer to explore strategic alternatives, including a potential sale. Toms Capital, now a top five shareholder, has escalated investor pressure after Devon's merger with Coterra Energy last May. The stock has gained approximately 30% year-to-date. Toms Capital, working with attorney Alex Spiro, argues that Devon's post-merger portfolio, which includes the Delaware Basin in the Permian, warrants a strategic review. This development suggests potential value unlocking for shareholders through a sale or other strategic actions.
- 7/9/2026NEGATIVEKimmeridge Faults Pace of Devon Energy’s Asset-Sale Efforts
Kimmeridge Energy Management Co. has publicly criticized Devon Energy Corp.'s asset-sale efforts, deeming them too slow following the company's $25 billion acquisition of Coterra Energy Inc. This shareholder activism highlights concerns about capital allocation and strategic execution. Investors may interpret this as a sign of internal friction or a potential drag on future performance if divestments are indeed lagging, impacting Devon's ability to optimize its portfolio and deliver shareholder value.
- 6/10/2026POSITIVEDevon Energy Stock Jumps After Updated 2026 Outlook
Devon Energy Corporation's stock experienced a significant surge following the release of its updated 2026 financial outlook. This positive development comes on the heels of the company's successful completion of its merger with Coterra Energy. The updated guidance, reflecting the combined entity's projected performance, has instilled investor confidence, driving the share price upward. Investors will be closely monitoring the integration progress and the realization of synergies from the merger, which are expected to contribute to future growth and profitability.
- 4/24/2026POSITIVE$1000 Invested In Devon Energy 5 Years Ago Would Be Worth This Much Today
An investment of $1,000 in Devon Energy Corporation five years ago would have yielded a significant return, illustrating the company's strong performance in the energy sector. While specific figures are not provided in the title, the implication of substantial growth suggests that the stock has outperformed many benchmarks over this period. This historical performance indicates robust operational execution, favorable market conditions for oil and gas, and effective capital allocation strategies by the company's management. Investors considering energy stocks might view this as a positive indicator of Devon Energy's potential for future value creation.
- 3/25/2026POSITIVE$100 Invested In Devon Energy 5 Years Ago Would Be Worth This Much Today
An investment of $100 in Devon Energy Corporation five years prior to March 25, 2026, would have yielded a significant return, illustrating the company's strong performance over the period. While specific figures are not provided in the title, such a statement implies substantial capital appreciation and potentially dividend payouts, indicating robust operational success and favorable market conditions for the energy sector. Investors tracking the oil and gas industry would view this as a positive indicator of Devon Energy's strategic execution and its ability to generate shareholder value.
- 3/16/2026POSITIVE1 Monster Energy Stock to Hold for the Next 20 Years (And Shares Are Still Under $50)
Devon Energy is presenting a compelling long-term investment case, characterized by exceptionally low production costs and substantial free cash flow generation. The company's strategic focus on shareholder returns is further bolstered by an anticipated merger with Coterra Energy. This combination is expected to enhance dividend payouts and significantly amplify share repurchase programs. For investors seeking durable growth in the U.S. shale sector, Devon Energy's operational efficiency and strategic financial maneuvers present a strong value proposition, positioning it as a potential long-term holding.
- 3/9/2026NEUTRALP/E Ratio Insights for Devon Energy
Analysis of Devon Energy's Price-to-Earnings (P/E) ratio reveals key insights for investors. While the article does not provide specific P/E figures or comparative data, it highlights the importance of this valuation metric for assessing the company's stock performance and future potential. Investors are advised to consider the P/E ratio in conjunction with other financial indicators and industry benchmarks to make informed investment decisions regarding Devon Energy.
- 3/1/2026POSITIVEThis $58 Billion Merger Is Creating a New U.S. Oil and Gas Giant
Devon Energy and Coterra Energy are set to merge in a monumental $58 billion deal, poised to reshape the U.S. oil and gas landscape. This strategic combination aims to forge a new industry giant, creating a leading force in the shale energy sector. For investors, this merger signals significant potential for enhanced operational efficiencies, cost synergies, and a strengthened market position. The combined entity is expected to leverage diversified assets and expertise, offering a more robust and resilient business model in a volatile energy market. This move could lead to increased shareholder value through improved economies of scale and a broader production footprint, making the new entity a compelling prospect for long-term growth in the energy sector.
via Markets Gazette