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.
Analyst Outlook | Average price target of $42.50, with estimates ranging from $40 to $46, reflecting mixed views on Devon's profitability and market position |
Regional Powerhouse | Learn about Devon's exceptional performance in the Bakken and Eagle Ford regions, driving overall positive results and future growth potential |
Strategic Cost Cuts | Delve into Devon's $100 million capital expenditure reduction for 2025, driven by efficiency gains rather than activity decrease |
FCF Resilience | Explore Devon Energy's free cash flow strength, maintaining profitability even at $50 per barrel oil prices, and its impact on financial stability |
Metrics to compare | DVN | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipDVNPeersSector | |
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P/E Ratio | 7.4x | 11.4x | 4.6x | |
PEG Ratio | −0.45 | 0.00 | 0.00 | |
Price / Book | 1.4x | 1.0x | 1.1x | |
Price / LTM Sales | 1.3x | 1.1x | 1.1x | |
Upside (Analyst Target) | 29.7% | 34.5% | 27.5% | |
Fair Value Upside | Unlock | 15.8% | 12.9% | Unlock |