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Devon Energy Corporation (DVN)

Energy | Oil & Gas E&P | Houston, United States | NYSE
43.73 USD +1.50 (3.552%) ⇧ (July 13, 2026, 4 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★★☆☆☆Dividends:★★★☆☆
Hot Take ↕ | July 11, 2026, 6:34 a.m. EDT

Devon Energy presents a classic 'value trap' scenario where cheap valuation metrics mask deteriorating operational reality. The company has suffered three consecutive years of negative annual returns, dragging the nine-year cumulative performance into the negative. Despite a low P/E ratio and a strong analyst consensus, the market is correctly pricing in a business that has failed to generate capital appreciation recently. The dividend yield of 2.48% is attractive but not exceptional, and the payout ratio suggests the company is prioritizing shareholder returns over aggressive reinvestment during this downturn. Options activity confirms this skepticism, with traders heavily buying put protection rather than betting on a rally. Until the multi-year decline reverses, the risk-reward profile remains skewed against the buyer.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.115363
AutoETS0.118332
AutoTheta0.119098
MSTL0.121444

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 41%
H-stat 8.28
Ljung-Box p 0.000
Jarque-Bera p 0.681
Excess Kurtosis -0.46
Attribute Value
Sector Energy
Ex Dividend Date 2026-06-14
Last Dividend Date 2026-06-14
Debt to Equity Ratio 56.404
Revenue per Share 25.595
Market Cap 50,438,320,128
Trailing P/E 12.18
Forward P/E 8.22
Beta 0.43
Profit Margins 14.17%
Website https://www.devonenergy.com

As of July 11, 2026, 6:34 a.m. EDT: Speculators are positioning defensively with heavy open interest in out-of-the-money puts (strikes 40-45), creating a significant resistance wall near current prices. While there is some volume in calls, the overwhelming majority of option flow is concentrated in downside protection, suggesting traders expect volatility or a continued grind lower rather than a breakout.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.74% 2.63% 3.38% 5.02%
Dividend History
Date Dividend Yield %
2026-06-15 0.320 0.735125
2026-03-13 0.240 0.518919
2025-12-15 0.240 0.663533
2025-09-15 0.240 0.710690
2025-06-13 0.240 0.683566
2025-03-14 0.240 0.694645
2024-12-13 0.220 0.649351
2024-09-13 0.440 1.115336
2024-06-14 0.350 0.768218
2024-03-14 0.440 0.919348
2023-12-14 0.770 1.711491
2023-09-14 0.490 0.962105
2023-06-14 0.720 1.470889
2023-03-14 0.890 1.808208
2022-12-09 1.350 2.264341
2022-09-09 1.550 2.262443
2022-06-10 1.270 1.714826
2022-03-11 1.000 1.705321
2021-12-09 0.840 1.984877
2021-09-10 0.490 1.745636
2021-06-11 0.340 1.160806
2021-03-12 0.300 1.237113
2020-12-10 0.110 0.663850
2020-09-11 0.110 1.226310
2020-08-13 0.260 2.195946
2020-06-12 0.110 0.859375
2020-03-12 0.090 1.237964
2019-12-12 0.090 0.375156
2019-09-12 0.090 0.366450
2019-06-13 0.090 0.344564
2019-03-14 0.080 0.271186
2018-12-13 0.080 0.297730
2018-09-13 0.080 0.195695
2018-06-14 0.080 0.191801
2018-03-14 0.060 0.183936
2017-12-14 0.060 0.157895
2017-09-14 0.060 0.176991
2017-06-13 0.060 0.179158
2017-03-13 0.060 0.146484
2016-12-13 0.060 0.124507
2016-09-13 0.060 0.145843
2016-06-13 0.060 0.167691
2016-03-11 0.240 0.968523
2015-12-11 0.240 0.715350
2015-09-11 0.240 0.617920
2015-06-11 0.240 0.381316
2015-03-11 0.240 0.414938
2014-12-10 0.240 0.440609
2014-09-10 0.240 0.339607
2014-06-11 0.240 0.314054
2014-03-12 0.220 0.348763
2013-12-11 0.220 0.369313
2013-09-11 0.220 0.372062
2013-06-12 0.220 0.403374
2013-03-13 0.200 0.359131
2012-12-12 0.200 0.378000
2012-09-12 0.200 0.325574
2012-06-13 0.200 0.354988
2012-03-13 0.200 0.277393
2011-12-13 0.170 0.268223
2011-09-13 0.170 0.265087
2011-06-13 0.170 0.219327
2011-03-11 0.160 0.181715
2010-12-13 0.160 0.216567
2010-09-13 0.160 0.259193
2010-06-11 0.160 0.234742
2010-03-11 0.160 0.222099
2009-12-11 0.160 0.250430
2009-09-11 0.160 0.243717
2009-06-11 0.160 0.241728
2009-03-12 0.160 0.362730
2008-12-11 0.160 0.225447
2008-09-12 0.160 0.166893
2008-06-12 0.160 0.137979
2008-03-13 0.160 0.153154
2008-03-12 0.160 0.156709
2007-12-12 0.140 0.156267
2007-09-12 0.140 0.174368
2007-06-13 0.140 0.176456
2007-03-13 0.140 0.221239
2006-12-13 0.113 0.158998
2006-09-13 0.113 0.168985
2006-06-13 0.113 0.230143
2006-03-13 0.113 0.191104
2005-12-13 0.075 0.111940
2005-09-13 0.075 0.119636
2005-06-13 0.075 0.155925
2005-03-11 0.075 0.160772
2004-12-13 0.050 0.127518
2004-09-13 0.050 0.144300
2004-06-14 0.050 0.166030
2004-03-11 0.050 0.180505
2003-12-12 0.025 0.092421
2003-09-12 0.025 0.100604
2003-04-22 0.025 0.100746
2003-03-13 0.025 0.104668
2002-12-12 0.025 0.104167
2002-09-12 0.025 0.104471
2002-06-12 0.025 0.106157
2002-03-13 0.025 0.106906
2001-12-13 0.025 0.151515
2001-09-17 0.025 0.116550
2001-09-10 0.050 0.230521
2001-06-13 0.025 0.089286
2001-03-13 0.025 0.079365
2000-12-13 0.025 0.092251
2000-09-13 0.025 0.085929
2000-06-13 0.025 0.083682
2000-03-13 0.025 0.112994
1999-12-13 0.025 0.153551
1999-09-13 0.025 0.113314
1999-06-11 0.025 0.138889
1999-03-11 0.025 0.188679
1998-12-11 0.025 0.171674
1998-09-11 0.025 0.153551
1998-06-11 0.025 0.145455
1998-03-12 0.025 0.136054
1997-12-11 0.025 0.137931
1997-09-11 0.025 0.113636
1997-06-12 0.025 0.144404
1997-03-12 0.025 0.153846
1996-12-12 0.025 0.155039
1996-09-11 0.015 0.124352
1996-06-12 0.015 0.123077
1996-03-13 0.015 0.146341
1995-12-13 0.015 0.121827
1995-09-13 0.015 0.128342
1995-06-13 0.015 0.134078
1995-03-09 0.015 0.156863
1994-12-09 0.015 0.171429
1994-09-09 0.015 0.137143
1994-06-09 0.015 0.134831
1994-03-09 0.015 0.154839
1993-12-09 0.015 0.166667
1993-09-09 0.015 0.123711
1993-06-09 0.015 0.124352
Additional Data
dividendRate 1.04
dividendYield 2.46
exDividendDate 2026-06-15
trailingAnnualDividendRate 0.96
trailingAnnualDividendYield 0.022732655
lastDividendValue 0.32
lastDividendDate 2026-06-15
dividendDate 2026-06-30

Info Dump

Attribute Value
52 Week Change 0.27198792
Address1 Three Memorial City Plaza
Address2 840 Gessner Road STE 1400
All Time High 127.43
All Time Low 0.875
Ask 44.23
Ask Size 1,100
Audit Risk 2
Average Analyst Rating 1.3 - Strong Buy
Average Daily Volume10 Day 14,003,410
Average Daily Volume3 Month 14,676,427
Average Volume 14,676,427
Average Volume10Days 14,003,410
Beta 0.432
Bid 44.01
Bid Size 800
Board Risk 4
Book Value 24.844
City Houston
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 2
Country United States
Crypto Tradeable 0
Currency USD
Current Price 43.73
Current Ratio 1.006
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 44.0095
Day Low 43.02
Debt To Equity 56.404
Display Name Devon Energy
Dividend Date 1,782,777,600
Dividend Rate 1.04
Dividend Yield 2.46
Earnings Call Timestamp End 1,785,960,000
Earnings Call Timestamp Start 1,785,960,000
Earnings Growth -0.753
Earnings Quarterly Growth -0.757
Earnings Timestamp 1,785,873,600
Earnings Timestamp End 1,785,873,600
Earnings Timestamp Start 1,785,873,600
Ebitda 6,721,999,872
Ebitda Margins 0.42005002
Enterprise To Ebitda 5.075
Enterprise To Revenue 2.132
Enterprise Value 34,112,821,248
Eps Current Year 5.27735
Eps Forward 5.32042
Eps Trailing Twelve Months 3.59
Esg Populated 0
Ex Dividend Date 1,781,481,600
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 45.284
Fifty Day Average Change -1.5540009
Fifty Day Average Change Percent -0.034316774
Fifty Two Week Change Percent 27.198792
Fifty Two Week High 52.71
Fifty Two Week High Change -8.98
Fifty Two Week High Change Percent -0.17036615
Fifty Two Week Low 31.45
Fifty Two Week Low Change 12.279999
Fifty Two Week Low Change Percent 0.390461
Fifty Two Week Range 31.45 - 52.71
Financial Currency USD
First Trade Date Milliseconds 490,887,000,000
Five Year Avg Dividend Yield 5.08
Float Shares 616,932,134
Forward Eps 5.32042
Forward P E 8.219276
Free Cashflow 1,600,499,968
Full Exchange Name NYSE
Full Time Employees 2,200
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.46929002
Gross Profits 7,510,000,128
Has Pre Post Market Data 1
Held Percent Insiders 0.00669
Held Percent Institutions 0.50227
Implied Shares Outstanding 1,153,403,107
Industry Oil & Gas E&P
Industry Disp Oil & Gas E&P
Industry Key oil-gas-e-p
Ir Website http://phx.corporate-ir.net/phoenix.zhtml?c=67097&p=irol-irhome
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,781,481,600
Last Dividend Value 0.32
Last Fiscal Year End 1,767,139,200
Last Split Date 1,100,563,200
Last Split Factor 2:1
Long Business Summary Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming. Devon Energy Corporation was founded in 1971 and is headquartered in Houston, Texas.
Long Name Devon Energy Corporation
Market us_market
Market Cap 50,438,320,128
Market State PRE
Max Age 86,400
Message Board Id finmb_266510
Most Recent Quarter 1,774,915,200
Net Income To Common 2,268,000,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 48,708,213,208
Number Of Analyst Opinions 26
Open 43.12
Operating Cashflow 6,424,000,000
Operating Margins 0.06856
Overall Risk 4
Payout Ratio 0.2674
Peg Ratio 2.92
Phone 281-589-4600
Pre Market Change 0.45999908
Pre Market Change Percent 1.0521479
Pre Market Price 44.18
Pre Market Time 1,784,026,814
Previous Close 42.23
Price Eps Current Year 8.286356
Price Hint 2
Price To Book 1.7601836
Price To Sales Trailing12 Months 3.151804
Profit Margins 0.14172
Quick Ratio 0.848
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key strong_buy
Recommendation Mean 1.2963
Region US
Regular Market Change 1.5
Regular Market Change Percent 3.55198
Regular Market Day High 44.0095
Regular Market Day Low 43.02
Regular Market Day Range 43.02 - 44.0095
Regular Market Open 43.12
Regular Market Previous Close 42.23
Regular Market Price 43.73
Regular Market Time 1,783,972,802
Regular Market Volume 9,949,589
Return On Assets 0.060739998
Return On Equity 0.15178001
Revenue Growth -0.008
Revenue Per Share 25.595
Sand P52 Week Change 0.20847368
Sector Energy
Sector Disp Energy
Sector Key energy
Share Holder Rights Risk 7
Shares Outstanding 1,153,403,107
Shares Percent Shares Out 0.0254
Shares Short 29,339,968
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 27,252,284
Short Name Devon Energy Corporation
Short Percent Of Float 0.026700001
Short Ratio 1.88
Source Interval 15
State TX
Symbol DVN
Target High Price 68.0
Target Low Price 44.0
Target Mean Price 59.88462
Target Median Price 59.5
Total Cash 1,763,000,064
Total Cash Per Share 2.837
Total Debt 8,702,000,128
Total Revenue 16,003,000,320
Tradeable 0
Trailing Annual Dividend Rate 0.96
Trailing Annual Dividend Yield 0.022732655
Trailing Eps 3.59
Trailing P E 12.181059
Trailing Peg Ratio 2.9248
Triggerable 1
Two Hundred Day Average 41.13795
Two Hundred Day Average Change 2.5920486
Two Hundred Day Average Change Percent 0.063008696
Type Disp Equity
Volume 9,949,589
Website https://www.devonenergy.com
Zip 77,024