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Devon Energy Corporation (DVN)


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Upturn Advisory Summary
10/22/2025: DVN (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $45.3
1 Year Target Price $45.3
12 | Strong Buy |
7 | Buy |
8 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -40.91% | Avg. Invested days 27 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 20.35B USD | Price to earnings Ratio 7.22 | 1Y Target Price 45.3 |
Price to earnings Ratio 7.22 | 1Y Target Price 45.3 | ||
Volume (30-day avg) 27 | Beta 1.08 | 52 Weeks Range 25.53 - 39.44 | Updated Date 10/21/2025 |
52 Weeks Range 25.53 - 39.44 | Updated Date 10/21/2025 | ||
Dividends yield (FY) 3.57% | Basic EPS (TTM) 4.44 |
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 - | When - | Estimate - | Actual - |
Profitability
Profit Margin 17.66% | Operating Margin (TTM) 25.08% |
Management Effectiveness
Return on Assets (TTM) 9.09% | Return on Equity (TTM) 20.73% |
Valuation
Trailing PE 7.22 | Forward PE 8.05 | Enterprise Value 29018336000 | Price to Sales(TTM) 1.26 |
Enterprise Value 29018336000 | Price to Sales(TTM) 1.26 | ||
Enterprise Value to Revenue 1.69 | Enterprise Value to EBITDA 3.73 | Shares Outstanding 634800000 | Shares Floating 629328024 |
Shares Outstanding 634800000 | Shares Floating 629328024 | ||
Percent Insiders 0.79 | Percent Institutions 77.81 |
Upturn AI SWOT
Devon Energy Corporation

Company Overview
History and Background
Devon Energy Corporation was founded in 1971 by John Nichols. It initially focused on natural gas production in Oklahoma. Over the years, Devon expanded through acquisitions and organic growth, becoming a major player in the U.S. oil and gas industry, particularly in shale plays.
Core Business Areas
- Oil and Gas Exploration and Production: Devon explores for, develops, and produces oil, natural gas, and natural gas liquids (NGLs) from various shale and conventional reservoirs in the United States.
Leadership and Structure
Richard E. Muncrief serves as President and CEO. Devon Energy has a traditional corporate structure with a board of directors overseeing management.
Top Products and Market Share
Key Offerings
- Crude Oil: Devon produces and sells crude oil. Market share data fluctuates based on production volumes and market conditions. Competitors include ExxonMobil, Chevron, and other large oil producers. Precise revenue from this product is company confidential but accounts for a significant portion of total revenue.
- Natural Gas: Devon produces and sells natural gas. Market share data fluctuates based on production volumes and market conditions. Competitors include EQT Corporation, Southwestern Energy, and other large natural gas producers. Precise revenue from this product is company confidential but accounts for a sizable portion of total revenue.
- Natural Gas Liquids (NGLs): Devon produces and sells NGLs. Market share data fluctuates based on production volumes and market conditions. Competitors include Enterprise Products Partners, Targa Resources, and other NGL producers. Precise revenue from this product is company confidential.
Market Dynamics
Industry Overview
The oil and gas industry is characterized by cyclical commodity prices, technological advancements in drilling and production (e.g., fracking), and increasing focus on environmental sustainability. Regulatory changes and geopolitical events significantly influence the industry.
Positioning
Devon Energy focuses on high-return assets in U.S. shale plays. Its competitive advantages include a strong balance sheet and a disciplined capital allocation strategy.
Total Addressable Market (TAM)
The TAM for the oil and gas industry is substantial, estimated in the trillions of dollars globally. Devon Energy is positioned to capture a portion of this TAM through its efficient operations and strategic asset portfolio.
Upturn SWOT Analysis
Strengths
- Strong balance sheet
- Disciplined capital allocation
- High-quality asset base
- Experienced management team
- Focus on U.S. shale plays
Weaknesses
- Vulnerability to commodity price fluctuations
- Geographic concentration in the U.S.
- Environmental concerns related to fracking
- Dependence on fossil fuels
Opportunities
- Increased demand for natural gas as a transition fuel
- Technological advancements in drilling and production
- Expansion into new shale plays
- Strategic acquisitions
- Increased oil demand globally
Threats
- Commodity price volatility
- Increasing environmental regulations
- Geopolitical risks
- Competition from renewable energy sources
- Global recession
Competitors and Market Share
Key Competitors
- XOM
- CVX
- EOG
- COP
- OXY
Competitive Landscape
Devon Energy competes with larger integrated oil companies and other independent exploration and production companies. Its advantages include a focused strategy and a strong balance sheet. Disadvantages may include smaller scale compared to larger competitors.
Major Acquisitions
WPX Energy
- Year: 2021
- Acquisition Price (USD millions): 7000
- Strategic Rationale: The acquisition of WPX Energy enhanced Devon's position in the Delaware Basin and created a leading U.S. oil producer.
Growth Trajectory and Initiatives
Historical Growth: Devon Energy's growth has been driven by acquisitions and organic production growth in shale plays.
Future Projections: Analyst estimates vary, but generally project continued growth in production and profitability, depending on commodity prices.
Recent Initiatives: Recent initiatives include focusing on high-return assets, implementing cost-cutting measures, and exploring opportunities in new shale plays.
Summary
Devon Energy is a solid player in the US oil and gas industry, boasting a strong balance sheet and a strategic focus on high-return assets. The company's success is heavily influenced by commodity price volatility and environmental regulations. Recent acquisitions have strengthened its position, but continuous adaptation to market dynamics and technological advancements is crucial. The company should look out for competition with renewables.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Industry Reports
- Analyst Estimates
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market conditions and company performance can change rapidly. Market Share data is based on 2023 data and should be considered approximate.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Devon Energy Corporation
Exchange NYSE | Headquaters Oklahoma City, OK, United States | ||
IPO Launch date 1992-03-17 | President, CEO & Director Mr. Clay M. Gaspar | ||
Sector Energy | Industry Oil & Gas E&P | Full time employees 2300 | Website https://www.devonenergy.com |
Full time employees 2300 | Website https://www.devonenergy.com |
Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.

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