Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI Summary - About
Devon Energy Corporation(DVN)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for DVN
11/09/2026: DVN (1-star) is a SELL. SELL for 2 days. Simulated Profits (-15.44%). Updated daily EoD!
Devon Energy is an independent U.S. exploration and production company, known for its significant position in the Delaware Basin. The company has a strong reputation for operational efficiency and a disciplined capital allocation strategy that returns substantial free cash flow to shareholders through a unique fixed-plus-variable dividend model. Its primary investment story centers on capturing high margins from U.S. shale while maintaining a lean cost structure. However, investors must consider risks like high commodity price sensitivity, regulatory hurdles, and the long-term challenges of the energy transition. This stock may suit dividend-focused or value investors, provided they can tolerate the inherent volatility of the energy sector.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Growth is limited by the company's focus on capital discipline over aggressive production volume expansion. |
| Momentum investor | Strong fit while signal remains positive | Strong fit while the commodity cycle and oil prices maintain an upward or positive signal for energy stocks. |
| Value investor | Strong fit | The company often trades at reasonable valuations relative to its free cash flow generation. |
| Dividend investor | Strong fit | The variable dividend policy provides attractive income potential during periods of high commodity prices. |
| Low-risk investor | Weak fit | Exposure to volatile energy prices makes the stock unsuitable for investors seeking low volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | Company earnings are directly tied to global oil and gas prices which are highly unpredictable. |
| Valuation risk | Medium | The share price is highly dependent on market sentiment regarding the energy sector outlook. |
| Competition risk (Commodity market) | Medium | Competition for prime acreage and capital can affect margins. |
| Business quality | Medium | While the asset base is strong, the business is inherently cyclical and commodity-dependent. |
| Dividend income | Medium | Variable dividends fluctuate with earnings, making income less predictable than fixed-payout stocks. |
| Execution risk | Low | Devon has a proven track record of efficient drilling and operational excellence in its core basins. |
Price Behavior
Steady Uptrend
The stock demonstrates consistent and steady upward price momentum.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit -35.36% | Avg. Invested days 35 | Today’s Advisory SELL |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/09/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 48.11B USD | Price to earnings Ratio 9.91 | 1Y Target Price 61.52 |
Price to earnings Ratio 9.91 | 1Y Target Price 61.52 | ||
Volume (30-day avg) 9.9M shares | Beta 0.48 | 52 Weeks Range 33.26 - 52.28 | Updated Date 11/08/2026 |
52 Weeks Range 33.26 - 52.28 | Updated Date 11/08/2026 | ||
Dividends yield (FY) 2.61% | Basic EPS (TTM) 4.26 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Oil Production | Extraction and sale of crude oil primarily from the Permian Basin. | This is the core engine of Devon's profitability and cash flow. |
| Natural Gas/NGLs | Production and processing of natural gas and associated liquids. | Provides supplementary revenue that correlates with industrial energy demand. |
| Geography (US Focus) | Operations concentrated in U.S. shale basins (Delaware, Anadarko, etc.). | The company is a pure-play U.S. operator, mitigating international geopolitical risk. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-11-05 | When After Market | Estimate 1.24 | Actual 1.42 |
Profitability
Profit Margin 16.28% | Operating Margin (TTM) 19.84% |
Management Effectiveness
Return on Assets (TTM) 6.51% | Return on Equity (TTM) 12.56% |
Valuation
Trailing PE 9.91 | Forward PE 7.74 | Enterprise Value 57.06B | Price to Sales(TTM) 2.18 |
Enterprise Value 57.06B | Price to Sales(TTM) 2.18 | ||
Enterprise Value to Revenue 2.9 | Enterprise Value to EBITDA 6.48 | Shares Outstanding 1.14B | Shares Floating 1.13B |
Shares Outstanding 1.14B | Shares Floating 1.13B | ||
Percent Insiders 0.77 | Percent Institutions 96.67 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.