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Devon Energy Corp DVN Stock Quote

| Rating as of

NYSE: DVN

Market Closed

| Currency in USD

  • Last Close 47.70
  • Sector Energy
  • Industry Oil & Gas E&P
  • Investment Style Mid Blend
  • Day Range 47.60  –  49.04
  • Year Range 44.03  –  78.82
  • Market Cap 30.5614 Bil
  • Volume / Avg 8.9 Mil /  8.3 Mil
  • Price / Sales 1.81
  • Price / Book 2.77
  • Forward Div Yield 9.46%
  • Trailing Div Yield 7.23%

Morningstar‘s Stock Analysis DVN

Valuation
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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Devon Energy: Updating Valuation Methodology for U.S. E&Ps

Analyst Note

| Katherine Olexa |

We have adjusted our valuation methodology for U.S. exploration and production companies. Our multistage DCF valuation incorporates five years of explicit projections for a fixed period, typically five years. Terminal values are derived by assuming firms eventually earn their cost of capital in perpetuity. This contrasts with our previous methodology, which modeled the harvesting of all company assets over a 30-year timeframe. The change brings our E&P valuations in line with Morningstar’s standard equity research methodology.

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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 2022, Devon's proved reserves totaled 1.8 billion barrels of oil equivalent, and net production that year was 611 thousand boe/d, of which oil and natural gas liquids made up 73% of production, with natural gas accounting for the remainder.

Contact
333 West Sheridan Avenue
Oklahoma, OK, 73102-5015
Sector Energy
Industry Oil & Gas E&P
Employees 1,800

Related Articles DVN

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of DVN’s competitive advantage.

Devon Energy Corp

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Diamondback Energy Inc

XNAS: FANG
Price
47.70126.76229.55154.88
Currency
USDUSDUSDUSD
Change
−$1.11 (2.27%) −$2.71 (2.09%) −$4.64 (1.98%) −$2.26 (1.44%)
Market Cap
30.56 Bil73.81 Bil53.52 Bil27.70 Bil
Industry
Oil & Gas E&P Oil & Gas E&P Oil & Gas E&P Oil & Gas E&P
Sector
Energy
Energy
Energy
Energy

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Devon Energy Corp Stock

Yes. DVN has a forward dividend yield of 7.23%. 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.

Learn more about dividend yield.

DVN’s market cap is 30.56 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.

Learn more about market capitalization.

DVN’s stock style is Mid Value.
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 1.81.
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 6.52.
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 2.77.
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.

See DVN’s valuation ratios compared to the Market Index.

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.