Devon Energy (DVN)
(Delayed Data from NYSE)
$45.58 USD
-0.38 (-0.83%)
Updated Jul 24, 2024 04:00 PM ET
After-Market: $45.68 +0.10 (0.22%) 7:58 PM ET
2-Buy of 5 2
A Value B Growth A Momentum A VGM
Company Summary
Devon Energy Corporation based in Oklahoma City is an independent energy company engaged primarily in the exploration, development and production of oil and natural gas. The company’s oil and gas operations are mainly concentrated in the onshore areas of North America, primarily in the United States. The company was founded in 1971.
Subsequent to the sale of Devon’s Canadian business, its oil and gas exploration and production activities are solely concentrated in the United States. After completion of the Barnett Shale gas assets sale, the company will concentrate on oil assets in the United States. ...
Company Summary
Subsequent to the sale of Devon’s Canadian business, its oil and gas exploration and production activities are solely concentrated in the United States. After completion of the Barnett Shale gas assets sale, the company will concentrate on oil assets in the United States. Devon Energy’s Upstream, and Marketing and Midstream operations contributed $10.8 billion and $4.34 billion, respectively, to 2023 revenues.
Devon’s strong U.S. operations are spread across the key oil assets of Delaware Basin, Eagle Ford, Anadarko Basin, Williston Basin and Powder River Basin. Initial production rates from new wells continued to improve in its five U.S. oil plays. With improved cycle time, incorporation of production optimization strategies and other cost-reduction initiatives, the company is able to lower breakeven costs across its portfolio of assets.
At 2023-end, Devon Energy had proved, developed and undeveloped reserves of 1,817 million barrels of oil equivalent (MMBoe), a tad higher than the 2022-end level of 1,815 MMBoe. During 2023, due to extension and discoveries, 322 MMBoe were added in reserves, while production and revision due to prices offset the addition.
Devon Energy acquired WPX Energy on Jan 7, 2021, to further strengthen its position in the Permian Basin. At present, Devon’s shareholders own 53% of the combined company and the rest is owned by WPX Energy’s shareholders. The deal appears to be a logical one, as both these players have high-quality assets in close proximity.
General Information
Devon Energy Corporation
333 WEST SHERIDAN AVENUE
OKLAHOMA CITY, OK 73102
Phone: 405-235-3611
Fax: 405-552-4550
Web: http://www.devonenergy.com
Email: investor.relations@dvn.com
Industry | Oil and Gas - Exploration and Production - United States |
Sector | Oils-Energy |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Earnings Date | 8/6/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 1.28 |
Current Year EPS Consensus Estimate | 5.39 |
Estimated Long-Term EPS Growth Rate | 7.20 |
Earnings Date | 8/6/2024 |
Price and Volume Information
Zacks Rank | ![]() |
Yesterday's Close | 45.96 |
52 Week High | 55.09 |
52 Week Low | 40.47 |
Beta | 2.07 |
20 Day Moving Average | 5,781,181.00 |
Target Price Consensus | 57.21 |
4 Week | -2.98 |
12 Week | -10.20 |
YTD | 1.46 |
4 Week | -4.49 |
12 Week | -18.61 |
YTD | -12.90 |
Shares Outstanding (millions) | 632.00 |
Market Capitalization (millions) | 29,046.72 |
Short Ratio | NA |
Last Split Date | 11/16/2004 |
Dividend Yield | 1.91% |
Annual Dividend | $0.88 |
Payout Ratio | 0.16 |
Change in Payout Ratio | -0.35 |
Last Dividend Payout / Amount | 6/14/2024 / $0.35 |
Fundamental Ratios
P/E (F1) | 8.53 |
Trailing 12 Months | 8.51 |
PEG Ratio | 1.18 |
vs. Previous Year | -20.55% |
vs. Previous Quarter | -17.73% |
vs. Previous Year | -5.94% |
vs. Previous Quarter | -13.24% |
Price/Book | 2.35 |
Price/Cash Flow | 4.75 |
Price / Sales | 1.93 |
6/30/24 | NA |
3/31/24 | 29.02 |
12/31/23 | 31.72 |
6/30/24 | NA |
3/31/24 | 14.20 |
12/31/23 | 15.36 |
6/30/24 | NA |
3/31/24 | 1.04 |
12/31/23 | 1.07 |
6/30/24 | NA |
3/31/24 | 0.97 |
12/31/23 | 0.99 |
6/30/24 | NA |
3/31/24 | 22.92 |
12/31/23 | 24.03 |
6/30/24 | NA |
3/31/24 | 22.27 |
12/31/23 | 24.56 |
6/30/24 | NA |
3/31/24 | 27.72 |
12/31/23 | 30.30 |
6/30/24 | NA |
3/31/24 | 19.53 |
12/31/23 | 19.07 |
6/30/24 | NA |
3/31/24 | 13.04 |
12/31/23 | 13.09 |
6/30/24 | NA |
3/31/24 | 0.46 |
12/31/23 | 0.46 |
6/30/24 | NA |
3/31/24 | 31.47 |
12/31/23 | 31.71 |