Devon Energy Corporation

Company Profile

Devon Energy Corporation had its IPO on 1992-03-17 under the ticker symbol DVN.

The company operates in the Energy sector and Oil & Gas E&P industry. Devon Energy Corporation has a staff strength of 1,800 employees.

Stock update

Shares of Devon Energy Corporation opened at $51.35 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $51.2 - $52.01, and closed at $51.39.

This is a +1.2% increase from the previous day's closing price.

A total volume of 8,118,082 shares were traded at the close of the day’s session.

In the last one week, shares of Devon Energy Corporation have slipped by -2.89%.

Devon Energy Corporation's Key Ratios

Devon Energy Corporation has a market cap of $31.04 billion, indicating a price to book ratio of 3.7227 and a price to sales ratio of 2.1429.

In the last 12-months Devon Energy Corporation’s revenue was $18.18 billion with a gross profit of $11.33 billion and an EBITDA of $10.38 billion. The EBITDA ratio measures Devon Energy Corporation's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Devon Energy Corporation’s operating margin was 43.96% while its return on assets stood at 22.1% with a return of equity of 58.87%.

In Q1, Devon Energy Corporation’s quarterly earnings growth was a positive 3.4% while revenue growth was a negative 16.3%.

Devon Energy Corporation’s PE and PEG Ratio

Forward PE

6.5274

Trailing PE

5.0862

PEG

0.48

Its diluted EPS in the last 12-months stands at $9.51 per share while it has a forward price to earnings multiple of 6.5274 and a PEG multiple of 0.48. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Devon Energy Corporation’s profitability.

Devon Energy Corporation stock is trading at a EV to sales ratio of 2.4031 and a EV to EBITDA ratio of 4.4114. Its price to sales ratio in the trailing 12-months stood at 2.1429.

Devon Energy Corporation stock pays annual dividends of $5.06 per share, indicating a yield of 9.64% and a payout ratio of 48.42%.

Balance sheet and cash flow metrics

Total Assets

$23.42 billion

Total Liabilities

$2.93 billion

Operating Cash Flow

$-1033000000.00

Capital Expenditure

$1.03 billion

Dividend Payout Ratio

48.42%

Devon Energy Corporation ended 2024 with $23.42 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $23.42 billion while shareholder equity stood at $10.98 billion.

Devon Energy Corporation ended 2024 with $1.54 billion in deferred long-term liabilities, $2.93 billion in other current liabilities, 64000000.00 in common stock, $4.71 billion in retained earnings and $753.00 million in goodwill. Its cash balance stood at $887.00 million and cash and short-term investments were $887.00 million. The company’s total short-term debt was $247,000,000 while long-term debt stood at $6.43 billion.

Devon Energy Corporation’s total current assets stands at $3.19 billion while long-term investments were $469.00 million and short-term investments were $0. Its net receivables were $1.62 billion compared to accounts payable of $935.00 million and inventory worth $212.00 million.

In 2024, Devon Energy Corporation's operating cash flow was $-1033000000.00 while its capital expenditure stood at $1.03 billion.

Comparatively, Devon Energy Corporation paid $0.48 in dividends in 2024.

Other key metrics

Current Trading Price

$51.39

52-Week High

$76.8356

52-Week Low

$44.03

Analyst Target Price

$64.81

Devon Energy Corporation stock is currently trading at $51.39 per share. It touched a 52-week high of $76.8356 and a 52-week low of $76.8356. Analysts tracking the stock have a 12-month average target price of $64.81.

Its 50-day moving average was $50.84 and 200-day moving average was $53.87 The short ratio stood at 1.95 indicating a short percent outstanding of 0%.

Around 77.3% of the company’s stock are held by insiders while 7656.6% are held by institutions.