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Devon Energy Corporation (DVN)

Energy | Oil & Gas E&P | Houston, United States | NYSE
47.35 USD +0.23 (0.488%) ⇧ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 47.48 +0.13 (0.275%) ⇧ (Aug. 28, 2026, 7:59 p.m. EDT)
Short-term:★★★⯪☆Long-term:★★☆☆☆Dividends:★★★☆☆
Hot Take ↕ | Aug. 22, 2026, 5:23 a.m. EDT

Devon Energy presents a classic value trap scenario where strong fundamentals clash with a deteriorating price trajectory. The business is generating robust free cash flow, boasting a healthy payout ratio, and showing impressive earnings growth, which supports a decent dividend yield. However, the market has punished the stock relentlessly, with three consecutive years of negative annual returns and a cumulative decline of over 20% since 2016. This multi-year structural decline suggests the market sees severe risks in the company's asset quality or future commodity pricing that current valuations do not yet reflect. While the stock trades at an attractive multiple relative to its earnings, buying a stock that has lost nearly a quarter of its value over nine years requires ignoring the possibility that the 'value' is a trap. The options market reinforces this caution, with traders aggressively hedging downside risks. For a long-term investor, the lack of sustained price appreciation despite solid operational metrics is a red flag that warrants waiting for clearer signs of a trend reversal before adding significant capital.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.035788
AutoTheta0.036025
AutoARIMA0.036308
MSTL0.038553

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 48%
H-stat 0.26
Ljung-Box p 0.000
Jarque-Bera p 0.914
Excess Kurtosis 0.29
Attribute Value
Sector Energy
Ex Dividend Date 2026-09-14
Last Dividend Date 2026-06-14
Debt to Equity Ratio 28.488
Revenue per Share 26.792
Market Cap 52,084,998,144
Trailing P/E 10.25
Forward P/E 8.77
Beta 0.42
Profit Margins 17.46%
Website https://www.devonenergy.com

As of Aug. 22, 2026, 5:23 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put volume and open interest, particularly at strikes around $40-$45, creating a significant 'floor' against further declines. Call activity is concentrated near the money ($49-$50) with notable volume spikes suggesting a bid for a rebound, but the overwhelming open interest in deep OTM puts indicates a fear of a breakdown rather than a conviction in a major rally.

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 1.28
dividendYield 2.72
exDividendDate 2026-09-15
trailingAnnualDividendRate 1.04
trailingAnnualDividendYield 0.022071308
lastDividendValue 0.32
lastDividendDate 2026-06-15
dividendDate 2026-09-30

Info Dump

Attribute Value
52 Week Change 0.29379463
Address1 Three Memorial City Plaza
Address2 840 Gessner Road STE 1400
All Time High 127.43
All Time Low 0.875
Ask 47.3
Ask Size 1,300
Audit Risk 2
Average Analyst Rating 1.3 - Strong Buy
Average Daily Volume10 Day 10,368,060
Average Daily Volume3 Month 12,400,256
Average Volume 12,400,256
Average Volume10Days 10,368,060
Beta 0.419
Bid 47.26
Bid Size 1,000
Board Risk 4
Book Value 36.305
City Houston
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 2
Country United States
Crypto Tradeable 0
Currency USD
Current Price 47.35
Current Ratio 0.717
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 47.63
Day Low 46.65
Debt To Equity 28.488
Display Name Devon Energy
Dividend Date 1,790,726,400
Dividend Rate 1.28
Dividend Yield 2.72
Earnings Call Timestamp End 1,785,942,000
Earnings Call Timestamp Start 1,785,942,000
Earnings Growth 0.44
Earnings Quarterly Growth 1.126
Earnings Timestamp 1,785,873,600
Earnings Timestamp End 1,793,822,400
Earnings Timestamp Start 1,793,822,400
Ebitda 8,924,000,256
Ebitda Margins 0.47516
Enterprise To Ebitda 7.063
Enterprise To Revenue 3.356
Enterprise Value 63,027,998,720
Eps Current Year 5.53388
Eps Forward 5.40042
Eps Trailing Twelve Months 4.62
Esg Populated 0
Ex Dividend Date 1,789,430,400
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 44.1276
Fifty Day Average Change 3.2223969
Fifty Day Average Change Percent 0.07302452
Fifty Two Week Change Percent 29.379463
Fifty Two Week High 52.71
Fifty Two Week High Change -5.3600006
Fifty Two Week High Change Percent -0.1016885
Fifty Two Week Low 31.47
Fifty Two Week Low Change 15.879999
Fifty Two Week Low Change Percent 0.50460756
Fifty Two Week Range 31.47 - 52.71
Financial Currency USD
First Trade Date Milliseconds 490,887,000,000
Five Year Avg Dividend Yield 5.06
Float Shares 1,090,870,000
Forward Eps 5.40042
Forward P E 8.767836
Free Cashflow 782,625,024
Full Exchange Name NYSE
Full Time Employees 2,200
Fullday Change 0.23
Fullday Change Percent 0.488115
Fullday Price 47.48
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.50349
Gross Profits 9,456,000,000
Has Pre Post Market Data 1
Held Percent Insiders 0.0070499997
Held Percent Institutions 0.94714
Implied Shares Outstanding 1,100,000,000
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 52,084,998,144
Market State CLOSED
Max Age 86,400
Message Board Id finmb_266510
Most Recent Quarter 1,782,777,600
Net Income To Common 3,280,000,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 51,832,000,000
Number Of Analyst Opinions 26
Open 47.3
Operating Cashflow 8,552,999,936
Operating Margins 0.41077
Overall Risk 4
Payout Ratio 0.22610001
Peg Ratio 2.92
Phone 281-589-4600
Post Market Change 0.13000107
Post Market Change Percent 0.27455348
Post Market Price 47.48
Post Market Time 1,787,961,573
Previous Close 47.12
Price Eps Current Year 8.556383
Price Hint 2
Price To Book 1.3042281
Price To Sales Trailing12 Months 2.7732816
Profit Margins 0.17464
Quick Ratio 0.584
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key strong_buy
Recommendation Mean 1.33333
Region US
Regular Market Change 0.23
Regular Market Change Percent 0.488115
Regular Market Day High 47.63
Regular Market Day Low 46.65
Regular Market Day Range 46.65 - 47.63
Regular Market Open 47.3
Regular Market Previous Close 47.12
Regular Market Price 47.35
Regular Market Time 1,787,947,202
Regular Market Volume 8,783,049
Return On Assets 0.05909
Return On Equity 0.11522
Revenue Growth 0.642
Revenue Per Share 26.792
Sand P52 Week Change 0.20504117
Sector Energy
Sector Disp Energy
Sector Key energy
Share Holder Rights Risk 7
Shares Outstanding 1,100,000,000
Shares Percent Shares Out 0.0222
Shares Short 24,428,717
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 31,503,519
Short Name Devon Energy Corporation
Short Percent Of Float 0.0233
Short Ratio 2.43
Source Interval 15
State TX
Symbol DVN
Target High Price 68.0
Target Low Price 44.0
Target Mean Price 59.46154
Target Median Price 60.0
Total Cash 950,000,000
Total Cash Per Share 0.864
Total Debt 11,893,000,192
Total Revenue 18,780,999,680
Tradeable 0
Trailing Annual Dividend Rate 1.04
Trailing Annual Dividend Yield 0.022071308
Trailing Eps 4.62
Trailing P E 10.248918
Trailing Peg Ratio 2.9248
Triggerable 1
Two Hundred Day Average 43.1077
Two Hundred Day Average Change 4.242298
Two Hundred Day Average Change Percent 0.098411605
Type Disp Equity
Volume 8,783,049
Website https://www.devonenergy.com
Zip 77,024