Devon Energy Stock Today

DVN Stock  USD 37.58  0.03  0.08%   

Performance

0 of 100

 
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Odds Of Distress

Less than 1

 
High
 
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Devon Energy is selling at 37.58 as of the 3rd of December 2024; that is 0.08% down since the beginning of the trading day. The stock's open price was 37.61. Devon Energy has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Note, on July 15, 2024, Representative Kevin Hern of US Congress acquired under $15k worth of Devon Energy's common stock.
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 656.9 M outstanding shares of which 20.34 M shares are currently shorted by investors with about 2.34 days to cover. More on Devon Energy

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Devon Stock Highlights

ESG Sustainability
Environmental
Governance
Social
CEORichard Muncrief
Thematic Ideas
(View all Themes)
Old Names[Devine Limited, Vietnam Pharmaceutical Corp]
Business ConcentrationOil & Gas Exploration & Production, Oil & Gas E&P, Energy, NYSE Composite, SP 500 Index, Dow Jones Oil, NYSE 100 Index, SP OIL GAS, ARCA Natural Gas, Power Assets, Petroleum and Natural Gas, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.650.6182
Sufficiently 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 B9.3 B
Fairly Down
Slightly volatile
Total Assets20.2 B24.5 B
Significantly Down
Slightly volatile
Total Current AssetsB3.2 B
Notably Down
Slightly volatile
Total Cash From Operating Activities3.5 B6.5 B
Way Down
Pretty Stable
Debt Levels
Devon Energy can leverage 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.
Liquidity
Devon Energy 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. Note however, debt could still be an excellent tool for Devon to invest in growth at high rates of return.

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 24.71 B. Devon Energy runs under Oil, Gas & Consumable Fuels sector within Energy industry. The entity has 656.9 M outstanding shares of which 20.34 M shares are currently shorted by investors with about 2.34 days to cover. Devon Energy has about 1.45 B in cash with 6.54 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 holds a total of 656.9 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. Please note that on July 15, 2024, Representative Kevin Hern of US Congress acquired under $15k worth of Devon Energy's common stock.
Check Devon Ownership Details

Devon Stock Institutional Holders

InstituionRecorded OnShares
Ubs Asset Mgmt Americas Inc2024-09-30
6.8 M
Northern Trust Corp2024-09-30
6.1 M
D. E. Shaw & Co Lp2024-09-30
6.1 M
Raymond James & Associates2024-09-30
M
Encap Energy Capital Fund X, L.p.2024-09-30
5.9 M
Smead Capital Management Inc2024-09-30
5.9 M
Goldman Sachs Group Inc2024-09-30
5.3 M
Thrivent Financial For Lutherans2024-09-30
5.1 M
Bank Of America Corp2024-06-30
M
Vanguard Group Inc2024-09-30
75.2 M
Blackrock Inc2024-06-30
48.9 M
View Devon Energy Diagnostics

Devon Energy Historical Income Statement

At this time, Devon Energy's Net Income is very stable compared to the past year. As of the 3rd of December 2024, Income Tax Expense is likely to grow to about 883 M, while Depreciation And Amortization is likely to drop about 1.6 B. View More Fundamentals

Devon Stock Against Markets

Devon Energy Corporate Directors

Robert MosbacherLead Independent DirectorProfile
Karl KurzIndependent DirectorProfile
Mary RicciardelloIndependent DirectorProfile
Barbara BaumannIndependent DirectorProfile
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 closely tied 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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Oil & Gas Exploration & Production space 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
(0.09)
Dividend Share
2
Earnings Share
5.4
Revenue Per Share
23.117
Quarterly Revenue Growth
(0.10)
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.