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Devon Energy Corp DVN Stock Quote

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Last close prices updated as of Jan 27, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 65.27
  • Sector Energy
  • Industry Oil & Gas E&P
  • Investment Style Large Blend
  • Day Range 65.25  –  66.96
  • Year Range 48.86  –  79.40
  • Market Cap 42.6670 Bil
  • Volume / Avg 7.2 Mil /  9.8 Mil
  • Price / Sales 2.24
  • Price / Book 3.92
  • Forward Div Yield 8.43%
  • Trailing Div Yield 7.92%

Morningstar‘s Stock Analysis DVN

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Devon Energy Aiming for Under 5% Production Growth in 2023

Dave Meats Director

Business Strategy and Outlook

| Dave Meats |

Devon Energy is an oil and gas producer based in Oklahoma. It has assets in several shale basins across the United States, including the Delaware Basin, Eagle Ford Shale, STACK, and Powder River Basin. Management has reshuffled the portfolio in the last few years, divesting its Canadian oil sands business and exiting the Barnett Shale natural gas play. In January 2021, it combined with another Oklahoma-based shale firm, WPX Energy, in a “merger of equals” that significantly expanded Devon’s Delaware Basin exposure and added a small position in the core of the Bakken Shale fairway in North Dakota (near the intersection of Dunn, Mountrail, and McKenzie counties). The merger brought economies of scale and more efficient field operations, and enhanced the competitiveness of the combined firm.

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Key Statistics DVN

Company Profile DVN

Business Description

Devon Energy, based in Oklahoma City, is one of the largest independent exploration and production companies in North America. The firm's asset base is spread throughout onshore North America and includes exposure to the Delaware, STACK, Eagle Ford, Powder River Basin, and Bakken plays. At year-end 2021, Devon's proved reserves totaled 1.6 billion barrels of oil equivalent, and net production that year was 572 thousand boe/d, of which oil and natural gas liquids made up 74% of production, with natural gas accounting for the remainder.

333 West Sheridan Avenue
Oklahoma, OK, 73102-5015
Sector Energy
Industry Oil & Gas E&P
Employees 1,600

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FAQs for Devon Energy Corp Stock

Yes. DVN has a forward dividend yield of 8.43%. See DVN’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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DVN’s market cap is 42.67 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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DVN’s stock style is Large Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

DVN’s price/sales is 2.24.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

DVN’s price/forward earnings is 6.98.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

DVN’s price/book is 3.92.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

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DVN’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare DVN’s historical performance against its industry peers and the overall market.