- Investing.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.
Strategic Position | Delve into Devon's $20.53 billion market position and how its cost optimization strategies could enhance shareholder value while navigating oil price volatility and regulatory challenges. |
Future Outlook | Analysts maintain a $40 price target with "Equal Weight" ratings, projecting EPS of 4.00 for the current fiscal year and 4.35 for the following year despite industry challenges. |
Financial Resilience | Explore how Devon maintains strong free cash flow even at oil prices as low as $50 per barrel, while reducing capital expenditures by $100 million without sacrificing production levels. |
Operational Prowess | Devon Energy exceeds production expectations while implementing a $1.0 billion optimization plan, with 60% already realized, demonstrating exceptional operational efficiency in the oil sector. |

Metrics to compare | DVN | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipDVNPeersSector | |
|---|---|---|---|---|
P/E Ratio | 8.9x | 14.6x | 5.7x | |
PEG Ratio | −0.41 | −0.76 | 0.00 | |
Price / Book | 1.6x | 1.5x | 1.1x | |
Price / LTM Sales | 1.5x | 1.9x | 1.3x | |
Upside (Analyst Target) | 13.9% | 11.8% | 14.3% | |
Fair Value Upside | Unlock | 23.4% | 5.8% | Unlock |