Devon Energy Stock Fundamentals
| DVN Stock | USD 50.12 0.73 1.44% |
Devon Energy fundamentals help investors to digest information that contributes to Devon Energy's financial success or failures. It also enables traders to predict the movement of Devon Stock. The fundamental analysis module provides a way to measure Devon Energy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Devon Energy stock.
At this time, Devon Energy's Selling General Administrative is very stable compared to the past year. As of the 12th of May 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. Devon | Select Account or Indicator |
Devon Energy Company Operating Margin Analysis
Devon Energy's Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Current Devon Energy Operating Margin | 0.24 % |
Most of Devon Energy's fundamental indicators, such as Operating Margin, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Devon Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
| Competition |
Devon Pretax Profit Margin
Pretax Profit Margin |
|
Based on the recorded statements, Devon Energy has an Operating Margin of 0.237%. This is 96.69% lower than that of the Oil, Gas & Consumable Fuels sector and 99.11% lower than that of the Energy industry. The operating margin for all United States stocks is 104.3% lower than that of the firm.
Devon Energy Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Devon Energy's current stock value. Our valuation model uses many indicators to compare Devon Energy value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Devon Energy competition to find correlations between indicators driving Devon Energy's intrinsic value. More Info.Devon Energy is one of the top stocks in return on equity category among related companies. It is rated # 2 in return on asset category among related companies reporting about 0.40 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Devon Energy is roughly 2.52 . At this time, Devon Energy's Return On Equity is very stable compared to the past year.Comparative valuation analysis is a catch-all model that can be used if you cannot value Devon Energy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Devon Energy's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Devon Energy's earnings, one of the primary drivers of an investment's value.Devon Energy's Earnings Breakdown by Geography
Devon Operating Margin Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Devon Energy's direct or indirect competition against its Operating Margin to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Devon Energy could also be used in its relative valuation, which is a method of valuing Devon Energy by comparing valuation metrics of similar companies.Devon Energy is currently under evaluation in operating margin category among related companies.
Devon Energy 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 and do not directly affect the long term financial condition, 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 |
Devon Fundamentals
| Return On Equity | 0.29 | |||
| Return On Asset | 0.11 | |||
| Profit Margin | 0.23 % | |||
| Operating Margin | 0.24 % | |||
| Current Valuation | 37.21 B | |||
| Shares Outstanding | 632 M | |||
| Shares Owned By Insiders | 0.72 % | |||
| Shares Owned By Institutions | 72.12 % | |||
| Number Of Shares Shorted | 15.42 M | |||
| Price To Earning | 7.20 X | |||
| Price To Book | 2.81 X | |||
| Price To Sales | 2.35 X | |||
| Revenue | 15.14 B | |||
| Gross Profit | 11.33 B | |||
| EBITDA | 7.38 B | |||
| Net Income | 3.75 B | |||
| Cash And Equivalents | 1.45 B | |||
| Cash Per Share | 1.78 X | |||
| Total Debt | 6.48 B | |||
| Debt To Equity | 0.61 % | |||
| Current Ratio | 1.16 X | |||
| Book Value Per Share | 19.23 X | |||
| Cash Flow From Operations | 6.58 B | |||
| Short Ratio | 2.24 X | |||
| Earnings Per Share | 5.25 X | |||
| Price To Earnings To Growth | 0.40 X | |||
| Target Price | 58.03 | |||
| Number Of Employees | 1.9 K | |||
| Beta | 2.19 | |||
| Market Capitalization | 31.68 B | |||
| Total Asset | 25.02 B | |||
| Retained Earnings | 6.2 B | |||
| Working Capital | 208 M | |||
| Current Asset | 1.06 B | |||
| Current Liabilities | 1.04 B | |||
| Annual Yield | 0.04 % | |||
| Five Year Return | 2.54 % | |||
| Net Asset | 25.02 B | |||
| Last Dividend Paid | 2.42 |
About Devon Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Devon Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Devon Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Devon Energy based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | 1.7 B | 1.8 B | |
| Total Revenue | 15.1 B | 15.9 B | |
| Cost Of Revenue | 9.9 B | 10.4 B | |
| Stock Based Compensation To Revenue | 0.01 | 0.01 | |
| Sales General And Administrative To Revenue | 0.03 | 0.04 | |
| Research And Ddevelopement To Revenue | 0.00 | 0.00 | |
| Capex To Revenue | (0.26) | (0.27) | |
| Revenue Per Share | 23.69 | 12.50 | |
| Ebit Per Revenue | 0.32 | 0.33 |
Pair Trading with Devon Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Devon Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Devon Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Devon Stock
| 0.84 | AR | Antero Resources Corp | PairCorr |
| 0.95 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
| 0.93 | SD | SandRidge Energy | PairCorr |
| 0.95 | SM | SM Energy | PairCorr |
The ability to find closely correlated positions to Devon Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Devon Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Devon Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Devon Energy to buy it.
The correlation of Devon Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Devon Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Devon Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Devon Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Devon Energy Piotroski F Score and Devon Energy Altman Z Score analysis. To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Devon Stock analysis
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.
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |
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 (0.39) | Dividend Share 2.42 | Earnings Share 5.25 | Revenue Per Share 22.691 | Quarterly Revenue Growth (0.01) |
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.