Devon Energy Stock: Devon Energy Corporation is a leading American company in the oil and gas industry, which focuses on exploration and production.
From 40 years of experience in North America, it has built a strong reputation for operational success.
Our Team focuses on company performance closely and analyzes earnings estimates to predict stock behaviour and market trends. This helps stockholders to make informed decisions.
Beyond oil and gas, Devon Energy is expanding into renewable energy markets, showcasing its adaptability to evolving global energy demands.
Devon Energy Company Overview
| Company Name | Devon Energy Corporation |
| Founded | 1971 |
| Headquarters | Devon Energy Center, Oklahoma City, Oklahoma, U.S. |
| Industry | Petroleum |
| CEO | Rick Muncrief |
| Stock Exchange Listing | NYSE, S&P |
| Official Website | devonenergy.com |
Devon Energy Corporation Fundamental Analysis
| Metric | Value |
|---|---|
| Market Cap | $20.35B |
| ROE | 33.90% |
| P/E | 6 |
| P/B | 1.4 |
| Div. Yield | 3.97% |
| Book Value | $18.19 |
| EPS (TTM) | $5.89 |
| 52 Week High | $55.09 |
| 52 Week Low | $30.39 |
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Devon Energy Financials
Income Statement
| (USD) | 2023 | Y/Y change |
|---|---|---|
| Revenue | 14.43B | -23.56% |
| Operating expense | 2.99B | -9.73% |
| Net income | 3.75B | -37.71% |
| Net profit margin | 25.97 | -18.51% |
| Earnings per share | 5.71 | -31.29% |
| EBITDA | 7.48B | -27.11% |
| Effective tax rate | 18.19% | — |
Balance Sheet
| (USD) | 2023 | Y/Y change |
|---|---|---|
| Cash and short-term investments | 853.00M | -35.08% |
| Total assets | 24.49B | 3.24% |
| Total liabilities | 12.27B | -1.22% |
| Total equity | 12.22B | — |
| Shares outstanding | 634.58M | — |
| Price to book | 1.63 | — |
| Return on assets | 12.71% | — |
| Return on capital | 16.69% | — |
Cash Flow
| (USD) | 2023 | Y/Y change |
|---|---|---|
| Net income | 3.75B | -37.71% |
| Cash from operations | 6.54B | -23.28% |
| Cash from investing | -3.94B | 23.05% |
| Cash from financing | -3.18B | 24.42% |
| Net change in cash | -579.00M | 29.13% |
| Free cash flow | 1.43B | 7.27% |
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Devon Energy Stock Price Forecast From 2025 to 2030
| Year | Target Price |
|---|---|
| Devon Energy Stock Price Forecast 2025 | $42.50 |
| Devon Energy Stock Price Forecast 2026 | $59.70 |
| Devon Energy Stock Price Forecast 2027 | $72.50 |
| Devon Energy Stock Price Forecast 2028 | $95.70 |
| Devon Energy Stock Price Forecast 2029 | $107.20 |
| Devon Energy Stock Price Forecast 2030 | $118.50 |
Devon Energy Corporation Top Shareholders
| Investor | Ownership % |
|---|---|
| Vanguard Fiduciary Trust Co. | 11.45% |
| BlackRock Advisors LLC | 7.31% |
| State Street Corp. | 6.12% |
| Morgan Stanley | 1.85% |
| Geode Capital Management LLC | 2.42% |
| Morgan Stanley | 1.85% |
| EnCap Energy Capital Fund XI, L.P. | 1.80% |
| Pacer Advisors, Inc. | 1.76% |
| EnCap Partners GP, LLC | 1.52% |
| Victory Capital Management Inc. | 1.41% |
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Devon Energy Corporation Competitors/Peer Companies
- Hess Corporation
- Baker Hughes Company
- Targa Resources Corp
- Valero Energy Corp
- Imperial Oil Ltd
- Continental Resources Inc
- Cenovus Energy Inc
- Texas Pacific Land Trust
- EQT Corporation
- Cheniere Energy Partners LP
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FAQs
-
What is Devon Energy’s Stock Price Prediction for 2025?
42.50 USD.
-
What is Devon Energy’s Stock Price Prediction for 2026?
59.70 USD.
-
What is Devon Energy’s Stock Price Prediction for 2027?
72.50 USD.
-
What is Devon Energy’s Stock Price Prediction for 2029?
107.20 USD.
-
What is Devon Energy’s Stock Price Prediction for 2030?
118.50 USD.
Disclaimer: The information in this blog is for educational purposes only, and the targets mentioned in it are given as suggestions by market analysts. Therefore, before investing your money in any company, it is mandatory to get complete information about the company and consult your financial advisor.
