Devon posted total production of 833 mboe/d, a 2% decrease sequentially, though in line with guidance. Field-level cash margin (USD/boe basis) of $27.78 rose nearly 27% sequentially, while nontax operating costs came in slightly higher than expected. The stock declined 6% on the trading day.
Devon enjoys ideally located acreage in core portions of the basins it operates in. Attractive acreage translates to above-average well performance and peer-leading supply costs.
After incorporating sunk costs from leaseholds, acquisitions, exploration, and infrastructure, Devon's capital base inflates to a level that could threaten excess returns.
|
Metric
|
DVN
|
OXY
|
EOG
|
|---|---|---|---|
Price/Earnings (Normalized) | 12.46 | 25.27 | 13.10 |
Price/Book Value | 1.88 | 1.85 | 2.43 |
Price/Sales | 1.76 | 2.87 | 3.23 |
Price/Cash Flow | 4.36 | 5.26 | 6.78 |
|
Metric
|
DVN
|
OXY
|
EOG
|
|---|---|---|---|
Quick Ratio | 0.86 | 0.90 | 1.43 |
Current Ratio | 1.01 | 1.21 | 1.72 |
Interest Coverage | 7.00 | 2.57 | 27.89 |
|
Metric
|
DVN
|
OXY
|
EOG
|
|---|---|---|---|
Return on Assets (Normalized) | 7.43% | 1.75% | 20.17% |
Return on Equity (Normalized) | 15.43% | 5.22% | 33.76% |
Return on Invested Capital (Normalized) | 11.13% | 3.47% | 27.53% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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United States