Devon Energy Stock Today

DVN Stock  USD 49.46  0.67  1.37%   

Performance

9 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 1

 
100  
 
Zero
Very Small
Devon Energy is selling at 49.46 as of the 28th of March 2024; that is 1.37 percent increase since the beginning of the trading day. The stock's open price was 48.79. Devon Energy has a very small chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Devon Energy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Energy
IPO Date
17th of March 1992
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. Devon Energy Corporation was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma. The company has 635 M outstanding shares of which 16.51 M shares are currently shorted by investors with about 2.16 days to cover. More on Devon Energy

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Devon Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Devon Energy's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Devon Energy or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Devon Energy's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Devon Energy's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEORichard Muncrief
Thematic Ideas
(View all Themes)
Old NameDevine Limited
Business ConcentrationOil & Gas Exploration & Production, Oil & Gas E&P, Energy, NYSE Composite, SP 500 Index, Dow Jones Oil, NYSE US 100, ARCA Natural Gas, Petroleum and Natural Gas, Power Assets, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors)
Average Analyst Recommendation
Analysts covering Devon Energy report their recommendations after researching Devon Energy's financial statements, talking to executives and customers, or listening in on Devon Energy's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Devon Energy. The Devon consensus assessment is calculated by taking the average forecast from all of the analysts covering Devon Energy.
Financial Strength
Based on the key measurements obtained from Devon Energy's financial statements, Devon Energy is performing exceptionally good at this time. It has a great risk to report excellent financial results in April. Financial strength of Devon Energy is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.640.6051
Notably Up
Slightly volatile
Gross Profit Margin0.660.3435
Way Up
Slightly volatile
Net Debt4.2 B5.6 B
Way Down
Pretty Stable
Total Current Liabilities2.4 B2.9 B
Significantly Down
Slightly volatile
Non Current Liabilities Total8.2 B9.9 B
Fairly Down
Pretty Stable
Total Assets20.2 B25 B
Significantly Down
Slightly volatile
Total Current AssetsB3.2 B
Notably Down
Slightly volatile
Total Cash From Operating Activities3.5 B6.6 B
Way Down
Pretty Stable
Devon Energy's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Devon Energy's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Devon Energy's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Devon Energy's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Devon Energy's financial leverage. It provides some insight into what part of Devon Energy's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Devon Energy's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Devon Energy deploys its capital and how much of that capital is borrowed.
Liquidity
Devon Energy cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 6.48 B in debt with debt to equity (D/E) ratio of 0.61, which is OK given its current industry classification. Devon Energy has a current ratio of 1.14, demonstrating that it is not liquid enough and may have problems paying out its financial commitments when the payables are due. Debt can assist Devon Energy until it has trouble settling it off, either with new capital or with free cash flow. So, Devon Energy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Devon Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Devon to invest in growth at high rates of return. When we think about Devon Energy's use of debt, we should always consider it together with cash and equity.

Depreciation

1.73 Billion
Devon Energy (DVN) is traded on New York Stock Exchange in USA. It is located in 333 West Sheridan Avenue, Oklahoma City, OK, United States, 73102-5015 and employs 1,900 people. Devon Energy is listed under Oil & Gas Exploration & Production category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 30.98 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Devon Energy's market, we take the total number of its shares issued and multiply it by Devon Energy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Devon Energy runs under Oil, Gas & Consumable Fuels sector within Energy industry. The entity has 635 M outstanding shares of which 16.51 M shares are currently shorted by investors with about 2.16 days to cover. Devon Energy has about 1.45 B in cash with 6.58 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.78.
Check Devon Energy Probability Of Bankruptcy
Ownership Allocation
Devon Energy retains a total of 635 Million outstanding shares. The majority of Devon Energy outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Devon Energy to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Devon Energy. Please pay attention to any change in the institutional holdings of Devon Energy as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Devon Ownership Details

Devon Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of Devon Energy jumping above the current price in 90 days from now is about 1.84%. The Devon Energy probability density function shows the probability of Devon Energy stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Devon Energy has a beta of 0.8346 suggesting as returns on the market go up, Devon Energy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Devon Energy will be expected to be much smaller as well. Additionally, devon Energy has an alpha of 0.0164, implying that it can generate a 0.0164 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 49.46HorizonTargetOdds Above 49.46
98.14%90 days
 49.46 
1.84%
Based on a normal probability distribution, the odds of Devon Energy to move above the current price in 90 days from now is about 1.84 (This Devon Energy probability density function shows the probability of Devon Stock to fall within a particular range of prices over 90 days) .

Devon Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Devon Energy that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Devon Energy's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Devon Energy's value.
InstituionRecorded OnShares
Pacer Advisors, Inc.2023-12-31
6.1 M
Amvescap Plc.2023-12-31
5.9 M
Bank Of New York Mellon Corp2023-12-31
4.9 M
Legal & General Group Plc2023-12-31
4.8 M
Bank Of America Corp2023-12-31
4.7 M
Ing Investment Management Llc2023-12-31
4.4 M
Raymond James Finl Svs Advisors, Inc.2023-12-31
4.4 M
Thrivent Financial For Lutherans2023-12-31
4.1 M
Ubs Asset Mgmt Americas Inc2023-12-31
3.9 M
Vanguard Group Inc2023-12-31
73.9 M
Blackrock Inc2023-12-31
52 M
View Devon Energy Diagnostics

Devon Energy Historical Income Statement

Devon Energy Income Statement is one of the three primary financial statements used for reporting Devon's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Devon Energy revenue and expense. Devon Energy Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Devon Energy's Selling General Administrative is very stable compared to the past year. As of the 28th of March 2024, Net Income Applicable To Common Shares is likely to grow to about 5.7 B, while Depreciation And Amortization is likely to drop about 1.6 B. View More Fundamentals

Devon Stock Against Markets

Picking the right benchmark for Devon Energy stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Devon Energy stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Devon Energy is critical whether you are bullish or bearish towards Devon Energy at a given time. Please also check how Devon Energy's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Devon Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Devon Energy Corporate Directors

Devon Energy corporate directors refer to members of a Devon Energy board of directors. The board of directors generally takes responsibility for the Devon Energy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Devon Energy's board members must vote for the resolution. The Devon Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Robert MosbacherLead Independent DirectorProfile
Karl KurzIndependent DirectorProfile
Mary RicciardelloIndependent DirectorProfile
Barbara BaumannIndependent DirectorProfile

How to buy Devon Stock?

Before investing in Devon Energy, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Devon Energy. To buy Devon Energy stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Devon Energy. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Devon Energy stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Devon Energy stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Devon Energy stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Devon Energy, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Devon Stock please use our How to Invest in Devon Energy guide.

Already Invested in Devon Energy?

The danger of trading Devon Energy is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Devon Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Devon Energy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Devon Energy is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Devon Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Devon Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Devon Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Devon Energy Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Devon Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.
You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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When running Devon Energy's price analysis, check to measure Devon Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Devon Energy is operating at the current time. Most of Devon Energy's value examination focuses on studying past and present price action to predict the probability of Devon Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Devon Energy's price. Additionally, you may evaluate how the addition of Devon Energy to your portfolios can decrease your overall portfolio volatility.
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Is Devon Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Devon Energy. If investors know Devon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Devon Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.01)
Dividend Share
2.87
Earnings Share
5.84
Revenue Per Share
22.577
Quarterly Revenue Growth
(0.12)
The market value of Devon Energy is measured differently than its book value, which is the value of Devon that is recorded on the company's balance sheet. Investors also form their own opinion of Devon Energy's value that differs from its market value or its book value, called intrinsic value, which is Devon Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Devon Energy's market value can be influenced by many factors that don't directly affect Devon Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Devon Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Devon Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Devon Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.