Devon Energy (DVN) Stock Price, Fundamentals & Analysis

What DVN does

Devon Energy (DVN) is an independent energy company headquartered in Houston, United States, focused on the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company operates in several major basins, including the Delaware Basin in southeast New Mexico and west Texas, the Eagle Ford in North America, the Anadarko Basin in western Oklahoma, the Williston Basin in North Dakota, and the Powder River Basin in Wyoming. Founded in 1971, Devon employs about 2,200 people and sits in the Energy sector, in the Oil & Gas E&P industry. Readers comparing it with other producers may also look at peers such as Expand Energy (EXE), APA Corporation (APA), or Chevron Corporation (CVX).

Key numbers explained

• Price: 48.04 USD, up +2.37% today. Over the past 52 weeks the stock traded between 31.47 and 52.71 USD and gained 33.3%.
• The P/E ratio compares a company's share price to its earnings. DVN's trailing P/E is 10.4, and its forward P/E on expected earnings is 8.9 — readings often described as relatively low compared with the broader market.
• Earnings per share over the trailing 12 months are 4.6 USD, with a profit margin of 17.5% and an operating margin of 41.1%.
• The dividend yield shows annual dividends as a percentage of the share price. DVN's yield is 2.73%, with the next ex-dividend date listed as Sep 15, 2026, and 23% of earnings paid out as dividends.
• Revenue over the trailing 12 months is 18.78B USD, growing 64.2% year over year.
• Return on equity is 11.5%, the debt-to-equity ratio is 28.5%, and the price-to-book ratio is 1.32.
• A beta of 0.43 suggests the stock has historically moved less than the overall market — a figure often read as relatively low volatility for an energy producer.
• Market capitalisation stands at 52.84B USD.

Recent news

Headlines have focused on activist involvement: reports indicate that Toms Capital has urged Devon Energy to explore a sale through an activist letter, and DVN stock rose as its top shareholder reportedly called for a sale. Separately, sector updates covered the broader energy space, and one report noted DVN moving -1.39% in a session.

What to watch

As an oil and gas producer, Devon's results are typically sensitive to commodity prices, drilling economics across its basins, and production levels. Investors often track upcoming earnings — the next earnings date is Nov 4, 2026 — along with margin trends, capital spending, and balance-sheet measures such as its 28.5% debt-to-equity ratio. Corporate developments, including any response to activist pressure, and the performance of the wider energy sector are other general factors that can influence stocks of this type. For broader context, some readers follow benchmark indices such as the S&P 500 or browse the Stocks directory.