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    D

    Devon Energy Corporation (DVN)

    Official site

    ENERGY • OIL & GAS E&P • NYSE

    $49.24
    -0.68 (-1.36%)

    Market Cap: $54.91B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    72%(28/39)
    Avg Surprise
    -14.19%
    Streak
    1 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$1.25
    Range$0.84 - $1.49
    19 analysts
    EPS Revisions
    1
    0
    7d
    2
    4
    30d
    EPS Estimate DriftChange to current
    90d ago$1.27-1.3%
    60d ago$1.29-2.9%
    30d ago$1.24+0.7%
    7d ago$1.23+1.6%
    Current$1.25
    Revenue Consensus
    $7.1B
    Range$5.7B - $8.1B
    5 analysts
    Period ending Dec 31, 2026
    EPS Consensus$1.66
    Range$0.37 - $3.13
    23 analysts
    Revenue Consensus
    $8.5B
    Range$6.3B - $10.9B
    7 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$1.66---
    Sep 26EST
    		-$1.25---
    Jun 26
    Reported Aug 4
    		$1.57$1.30+20.77%Beat+86.9%
    Mar 26
    Reported May 5
    		$1.04$1.09-4.59%Miss-14.0%
    Dec 25
    Reported Feb 17
    		$0.82$0.83-1.20%Miss-29.3%
    Sep 25
    Reported Nov 5
    		$1.04$0.93+11.83%Beat-5.5%
    Jun 25
    Reported Aug 5
    		$0.84$0.86-2.33%Miss-40.4%
    Mar 25
    Reported May 6
    		$1.21$1.23-1.63%Miss+4.3%
    Dec 24
    Reported Feb 18
    		$1.16$1.00+16.00%Beat-17.7%
    Sep 24
    Reported Nov 5
    		$1.10$1.10+0.00%Beat-33.3%
    Jun 24
    Reported Aug 6
    		$1.41$1.27+11.02%Beat+19.5%
    Mar 24
    Reported May 1
    		$1.16$1.11+4.50%Beat-20.5%
    Dec 23
    Reported Feb 27
    		$1.41$1.41+0.00%Beat-15.1%
    Sep 23
    Reported Nov 7
    		$1.65$1.55+6.45%Beat-24.3%
    Jun 23
    Reported Aug 1
    		$1.18$1.19-0.84%Miss-54.4%
    Mar 23
    Reported May 8
    		$1.46$1.40+4.29%Beat-22.3%
    Dec 22
    Reported Feb 14
    		$1.66$1.75-5.14%Miss+19.4%
    Sep 22
    Reported Nov 1
    		$2.18$2.13+2.35%Beat+101.9%
    Jun 22
    Reported Aug 1
    		$2.59$2.37+9.28%Beat+331.7%
    Mar 22
    Reported May 2
    		$1.88$1.76+6.82%Beat+317.8%
    Dec 21
    Reported Feb 15
    		$1.39$1.24+12.10%Beat+616.9%
    Sep 21
    Reported Nov 2
    		$1.08$0.93+16.13%Beat+1642.9%
    Jun 21
    Reported Aug 3
    		$0.60$0.53+13.21%Beat+433.3%
    Mar 21
    Reported May 4
    		$0.45$0.32+40.63%Beat+246.2%
    Dec 20
    Reported Feb 16
    		$-0.27$0.03-996.33%Miss-181.5%
    Sep 20
    Reported Oct 29
    		$-0.07$-0.10+30.00%Beat-126.9%
    Jun 20
    Reported Aug 4
    		$-0.18$-0.26+30.77%Beat-141.9%
    Mar 20
    Reported May 5
    		$0.13$-0.20+165.00%Beat-63.9%
    Dec 19
    Reported Feb 18
    		$0.33$0.33+0.00%Beat+230.0%
    Sep 19
    Reported Nov 5
    		$0.26$0.20+30.00%Beat-58.7%
    Jun 19
    Reported Aug 6
    		$0.43$0.37+16.22%Beat+26.5%
    Mar 19
    Reported Apr 30
    		$0.36$0.28+28.57%Beat+80.0%
    Dec 18
    Reported Feb 19
    		$0.10N/A-68.75%Miss-73.7%
    Sep 18
    Reported Nov 6
    		$0.63$0.43+46.51%Beat+37.0%
    Jun 18
    Reported Jul 31
    		$0.34$0.36-5.56%Miss+0.0%
    Mar 18
    Reported May 1
    		$0.20$0.21-4.76%Miss-51.2%
    Dec 17
    Reported Feb 20
    		$0.38$0.63-39.68%Miss+52.0%
    Sep 17
    Reported Oct 31
    		$0.46$0.38+21.05%Beat-
    Jun 17
    Reported Aug 1
    		$0.34$0.32+6.25%Beat-
    Mar 17
    Reported May 2
    		$0.41$0.40+2.50%Beat-
    Dec 16
    Reported Feb 14
    		$0.25$0.20+25.00%Beat-

    Dividends

    Dividend Metrics

    Forward Yield2.60%
    Forward Annual Dividend$1.28
    Payout Ratio37.49%
    FrequencyQuarterly
    Pay MonthsMar, Jun, Sep, Dec
    DVN dividend history and ex-dividend datesRun DVN in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio11.02EV/EBITDA7.40x
    Price/FCF36.67xFCF Yield2.73%
    Profitability
    Profit Margin17.50%Operating Margin41.10%
    ROE11.50%ROIC6.80%
    Financial Health
    Debt/Equity0.28xInterest CoverageN/A
    Current Ratio0.72xQuick Ratio0.67x
    Trading Statistics
    Beta0.54Avg Volume11.41M
    52-Week High$52.0052-Week Low$30.69

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$48.70
    SMA 20$48.03
    SMA 50$47.65
    SMA 200$44.82
    EMA 10$48.85
    EMA 20$48.43
    EMA 50$47.50
    EMA 200$44.11

    MACD

    Line: 0.49Signal: 0.30Hist: 0.19

    ADX

    ADX: 14.9+DI: 25.5-DI: 18.8

    Aroon & PSAR

    Aroon Up8.0
    Aroon Down52.0
    PSAR$46.68

    Bollinger Bands

    Upper Band$50.26
    Lower Band$45.81
    %B Position928%(Upper)
    Band Width0.77

    RSI (14-Day)

    Neutral
    55.7

    Momentum Oscillators

    Stoch %K84.3
    Stoch %D84.7
    Williams %R-29.2
    ROC (10d)4.4%
    Momentum2.08
    CCI (20d)96.7
    MFI (14d)63.0

    Volatility Measures

    ATR (14d)$1.37(2.8%)
    StdDev (20d)1.11
    Hist Vol27.3%(Moderate)

    Volume Flow

    VWAP$49.36
    OBV96.0M
    AD Line-2.7B
    CMF (20d)-0.017

    Volume Metrics

    Avg Vol (20d)11.2M
    Vol Ratio0.8x
    VWMA (20d)$48.12

    Pivot Points

    R3$51.44
    R2$51.10
    R1$50.51
    Pivot Point$50.17
    S1$49.58
    S2$49.24
    S3$48.65

    Advanced Oscillators

    TSI9.59
    Ultimate Osc50.2
    KST6.32

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$7.42B$3.81B$4.12B$4.33B$4.28B$4.45B$4.40B$4.02B$3.92B$3.60B$4.14B$3.84B
    Cost of Revenue$3.27B$2.44B$2.25B$2.35B$2.26B$2.35B$2.28B$1.91B$1.90B$1.88B$1.85B$1.92B
    Gross Profit$4.15B$1.37B$1.87B$1.98B$2.03B$2.10B$2.12B$2.11B$2.02B$1.71B$2.29B$1.92B
    Operating Expenses$1.83B$1.07B$1.03B$964.00M$749.00M$1.33B$1.13B$915.00M$900.00M$846.00M$776.00M$753.00M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$175.00M$125.00M$135.00M$114.00M$113.00M$130.00M$155.00M$117.00M$114.00M$114.00M$111.00M$99.00M
    Operating Income$2.32B$292.00M$842.00M$1.02B$1.28B$778.00M$987.00M$1.20B$1.12B$866.00M$1.52B$1.17B
    Interest Income$-125,000,000$-109,000,000$-107,000,000$-109,000,000$-116,000,000$-123,000,000$-123,000,000$-88,000,000$-76,000,000$-76,000,000$-77,000,000$-81,000,000
    Interest Expense$0$126.00M$95.00M$107.00M$118.00M$132.00M$147.00M$133.00M$81.00M$98.00M$87.00M$94.00M
    Income Before Tax$2.38B$166.00M$747.00M$912.00M$1.16B$646.00M$840.00M$1.06B$1.04B$768.00M$1.43B$1.07B
    Income Tax Expense$473.00M$46.00M$185.00M$219.00M$244.00M$137.00M$187.00M$239.00M$185.00M$159.00M$269.00M$152.00M
    Net Income$1.91B$120.00M$562.00M$693.00M$917.00M$509.00M$653.00M$825.00M$855.00M$609.00M$1.16B$920.00M
    EBITDA$3.93B$1.18B$1.75B$1.90B$2.19B$1.69B$1.94B$1.95B$1.88B$1.57B$2.16B$1.80B
    EBIT$2.51B$275.00M$854.00M$1.02B$1.28B$769.00M$963.00M$1.15B$1.12B$844.00M$1.51B$1.15B
    * Some calculated fields are derived from available data when not provided by source

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    News

    Devon Energy (NYSE:DVN) Stock Gets Price Target Trim from Mizuho

    Mizuho analysts have lowered their price target for Devon Energy (NYSE:DVN) from $68 to $65 but maintained an "outperform" rating...

    MarketBeat•10/16/26•Somewhat-Bullish

    Devon Energy Corporation $DVN Shares Sold by Ninety One UK Ltd

    Ninety One UK Ltd reduced its stake in Devon Energy Corporation ($DVN) by 27.4% in the third quarter, selling 244,811 shares and retaining 647,110 shares valued at approximately $29.8 million. Despite this...

    MarketBeat•10/16/26•Somewhat-Bullish

    First Citizens Bank & Trust Co. Buys 28,632 Shares of Devon Energy Corporation $DVN

    First Citizens Bank & Trust Co. purchased 28,632 shares of Devon Energy Corporation (NYSE:DVN), valued at approximately $1.32 million, during the third quarter. This acquisition highlights broader institutional interest...

    MarketBeat•10/16/26•Somewhat-Bullish

    Devon Energy Corporation $DVN Stock: Assenagon Asset Management S.A. Raises Stake

    Assenagon Asset Management S.A. significantly increased its stake in Devon Energy Corporation (NYSE:DVN) by 3,545.4% during the third quarter...

    MarketBeat•10/16/26•Bullish

    UBS cuts target for California Resources stock from USD 73 to USD 68

    UBS analyst Josh Silverstein has lowered the price target for California Resources (CRC) stock from USD 73 to USD 68...

    ad-hoc-news.de•10/15/26•Somewhat-Bearish

    DVN Valuation and Fair Value

    P/E
    11.0x
    Forward P/E
    9.3x
    EV/EBITDA
    7.4x
    P/FCF
    36.7x
    PEG
    2.9x
    P/B
    1.3x
    See GNG's fair value

    DVN Profitability: Margins, ROIC and FCF

    Gross margin
    47.6%
    Operating margin
    41.1%
    Net margin
    17.5%
    ROIC
    6.8%
    ROE
    11.5%
    FCF margin
    7.5%
    FCF yield
    2.7%

    DVN Competitors

    CompanyTicker
    Baker Hughes CoBKR
    Woodside Energy Group LtdWDS
    Diamondback Energy IncFANG
    Ecopetrol SA ADREC
    MPLX LPMPLX
    Cameco CorpCCJ
    Cheniere Energy IncLNG
    Venture Global, Inc.VG

    Sector: Energy

    DVN Analyst Ratings

    Consensus
    Buy
    Analysts
    29
    Strong Buy
    3
    Buy
    23
    Hold
    3
    Sell
    0
    Strong Sell
    0

    DVN Bull Case vs Bear Case

    Bull case

    • DVN grew quarterly revenue 64.2% year over year.
    • 89.7% of DVN's analyst ratings are Buy or Strong Buy.

    Bear case

    • DVN beat EPS estimates in 37.5% of its last 8 reported quarters.

    DVN Earnings: Beat Rate and Next Report

    Beat rate
    3 of 8 quarters (37.5%)
    Average surprise
    4.9%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $1.25
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    2 up, 4 down

    DVN Dividend

    Forward yield
    2.6%
    Payout ratio
    37.5%
    Pay months
    Mar, Jun, Sep, Dec
    DVN dividend history

    Frequently Asked Questions About DVN

    What is DVN's current dividend yield?

    Devon Energy Corporation (DVN) has a forward dividend yield of 2.60%.

    Does DVN pay dividends?

    Yes, Devon Energy Corporation pays dividends with a forward dividend yield of 2.60%.

    What is DVN's P/E ratio?

    Devon Energy Corporation has a price-to-earnings (P/E) ratio of 11.02.

    What is DVN's market cap?

    Devon Energy Corporation (DVN) has a market capitalization of $54.91B with a current stock price of $49.24.

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