NYSE: DVN
Devon Energy Corporation
Energy · Oil & Gas Exploration & Production
Market Cap
$26.17B
52w High
$52.71
52w Low
$31.45
P/E
11.55
Volume
16.45M
Outstanding Shares
621.43M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 23.74% over the last year. Revenue declined 1.51% over the trailing twelve months. Operating margin moved from 25.79% to 18.84%. Free cash flow grew 496.02% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher with no clear directional signal from operating metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 18.84%. A decisive move in revenue — currently down 1.51% — would be the clearest signal to resolve the ambiguity.
Company profile
As an independent energy producer, Devon Energy Corporation primarily focuses on the exploration, development, and extraction of oil, natural gas, and natural gas liquids within the United States.
Valuation
Stock splits
Every 1 shares became 2
Profitability & growth
Analyst consensus
46
Buy
18
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 4, 2026
Q3 FY26 · EPS est $1.58 · Revenue est $5.92B
View
Dividends
$1.04/shareQuarterlySafeDVN pays a dividend with a 2.47% dividend yield, growing at 3.87% annually, covered 5.0× by free cash flow.
Dividend Yield
2.47%
Annual Div / Share
$1.04
5yr CAGR
+3.87%
Doubles every ~18.2yr
Payout Ratio
26.94%
Safe
Dividend Growth Rate
3yr CAGR
-38.68%
5yr CAGR
+3.87%
10yr CAGR
+5.65%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$2/mo
In 5 yrs
$2/mo
In 10 yrs
$3/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$25/yr $2/mo | $30/yr+21% $2/mo | $36/yr+46% $3/mo |
Yield-on-cost grows from 2.47% → 3.61% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 5.0× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
No strong risk signal stands out from the latest period pair.