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Devon Energy (DVN)

(Delayed Data from NYSE)

$45.58 USD

45.58
5,276,376

-0.38 (-0.83%)

Updated Jul 24, 2024 04:00 PM ET

After-Market: $45.68 +0.10 (0.22%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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2-Buy of 5   2      

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value B Growth A Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 30% (76 out of 250)

Industry: Oil and Gas - Exploration and Production - United States

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Balance Sheet

Research for DVN

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Devon Energy Corporation falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 875 1,454 2,271 2,237 1,844
Receivables 1,573 1,767 1,626 775 832
Notes Receivable 0 0 0 0 0
Inventories 249 201 0 0 0
Other Current Assets 460 469 352 248 1,175
Total Current Assets 3,157 3,891 4,249 3,260 3,851
Net Property & Equipment 19,328 18,106 15,008 5,393 8,593
Investments & Advances 666 440 402 0 0
Other Non-Current Assets 0 0 0 0 81
Deferred Charges 0 0 0 0 0
Intangibles 753 753 753 753 753
Deposits & Other Assets 319 307 378 283 196
Total Assets 24,490 23,721 21,025 9,912 13,717
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 760 859 500 242 1,158
Current Portion Long-Term Debt 483 251 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 1,706 1,995 2,587 1,198 769
Total Current Liabilities 2,949 3,105 3,087 1,440 1,927
Mortgages 0 0 0 0 0
Deferred Taxes/Income 1,838 1,463 287 0 341
Convertible Debt 0 0 0 0 0
Long-Term Debt 5,672 6,189 6,482 4,298 4,294
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 1,519 1,411 1,518 909 991
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 12,273 12,425 11,626 6,893 7,797
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 64 65 66 38 38
Capital Surplus 5,939 6,921 7,636 2,766 2,735
Retained Earnings 6,195 4,297 1,692 208 3,148
Other Equity 32 13 5 7 -1
Treasury Stock 13 0 0 0 0
Total Shareholder's Equity 12,217 11,296 9,399 3,019 5,920
Total Liabilities & Shareholder's Equity 24,490 23,721 21,025 9,912 13,717
Total Common Equity 12,217 11,296 9,399 3,019 5,920
Shares Outstanding 640.70 653.70 677.00 673.10 384.10
Book Value Per Share 19.07 17.28 13.88 4.49 15.41

Fiscal Year End for Devon Energy Corporation falls in the month of December.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents -99,999 1,149 875 761 488
Receivables NA 1,670 1,573 1,853 1,519
Notes Receivable NA 0 0 0 0
Inventories NA 234 249 233 201
Other Current Assets NA 345 460 365 397
Total Current Assets NA 3,398 3,157 3,212 2,605
Net Property & Equipment NA 19,584 19,328 19,031 18,763
Investments & Advances NA 713 666 671 675
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 753 753 753 753
Deposits & Other Assets NA 254 319 313 293
Total Assets NA 24,978 24,490 24,241 23,355
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 879 760 812 843
Current Portion Long-Term Debt NA 479 483 487 244
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 189 0 0 0
Other Current Liabilities NA 1,719 1,706 2,031 1,582
Total Current Liabilities NA 3,266 2,949 3,330 2,669
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 1,878 1,838 1,676 1,662
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 5,668 5,672 5,675 6,169
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 1,519 1,491 1,406
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 12,637 12,273 12,462 12,205
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 63 64 64 64
Capital Surplus NA 5,718 5,939 6,153 6,131
Retained Earnings NA 6,509 6,195 5,535 4,940
Other Equity NA 51 32 27 15
Treasury Stock NA 0 13 0 0
Total Shareholder's Equity NA 12,341 12,217 11,779 11,150
Total Liabilities & Shareholder's Equity NA 24,978 24,490 24,241 23,355
Total Common Equity 0 12,341 12,217 11,779 11,150
Shares Outstanding 632.00 632.00 640.70 640.70 640.70
Book Value Per Share 0.00 19.53 19.07 18.38 17.40