How to buy Devon Energy Corporation stock | $32.8

Devon Energy Corporation is an oil & gas e&p business based in the US. Devon Energy Corporation shares (DVN) are listed on the NYSE and all prices are listed in US Dollars. Devon Energy Corporation employs 1,400 staff and has a trailing 12-month revenue of around 0.00.

Devon Energy Corporation stock price (NYSE: DVN)

Use our graph to track the performance of DVN stocks over time.

Devon Energy Corporation shares at a glance

• Key figures

Information last updated 2021-09-17.

Latest market close	$32.80
52-week range	$7.95 - $31.08
50-day moving average	$27.87
200-day moving average	$26.08
Wall St. target price	$38.14
PE ratio	58.0702
Dividend yield	$0.44 (1.45%)
Earnings per share (TTM)	$0.51

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Is it a good time to buy Devon Energy Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Devon Energy Corporation price performance over time

Historical closes compared with the close of $32.8 from 2021-09-23

1 week (2021-09-13)	N/A
1 month (2021-08-24)	14.97%
3 months (2021-06-24)	10.29%
6 months (2021-03-24)	46.82%

1 year (2020-09-24)	266.07%
2 years (2019-09-24)	32.69%
3 years (2018-09-24)	41.55
5 years (2016-09-23)	39.54

Is Devon Energy Corporation under- or over-valued?

Valuing Devon Energy Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Devon Energy Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Devon Energy Corporation's P/E ratio

Devon Energy Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 58x. In other words, Devon Energy Corporation shares trade at around 58x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Devon Energy Corporation's PEG ratio

Devon Energy Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.5273. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Devon Energy Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Devon Energy Corporation's EBITDA

Devon Energy Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $2.1 billion.

The EBITDA is a measure of a Devon Energy Corporation's overall financial performance and is widely used to measure a its profitability.

Devon Energy Corporation financials

Revenue TTM	$7.9 billion
Operating margin TTM	5.94%
Gross profit TTM	$1.6 billion
Return on assets TTM	1.93%
Return on equity TTM	5.06%
Profit margin	3.48%
Book value	$12.41
Market capitalisation	$20.2 billion

TTM: trailing 12 months

Shorting Devon Energy Corporation shares

There are currently 19.9 million Devon Energy Corporation shares held short by investors – that's known as Devon Energy Corporation's "short interest". This figure is 36.6% up from 14.6 million last month.

There are a few different ways that this level of interest in shorting Devon Energy Corporation shares can be evaluated.

Devon Energy Corporation's "short interest ratio" (SIR)

Devon Energy Corporation's "short interest ratio" (SIR) is the quantity of Devon Energy Corporation shares currently shorted divided by the average quantity of Devon Energy Corporation shares traded daily (recently around 9.5 million). Devon Energy Corporation's SIR currently stands at 2.09. In other words for every 100,000 Devon Energy Corporation shares traded daily on the market, roughly 2090 shares are currently held short.

However Devon Energy Corporation's short interest can also be evaluated against the total number of Devon Energy Corporation shares, or, against the total number of tradable Devon Energy Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Devon Energy Corporation's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Devon Energy Corporation shares in existence, roughly 30 shares are currently held short) or 0.0315% of the tradable shares (for every 100,000 tradable Devon Energy Corporation shares, roughly 32 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Devon Energy Corporation.

Find out more about how you can short Devon Energy Corporation stock.

Devon Energy Corporation's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Devon Energy Corporation.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

Devon Energy Corporation's total ESG risk score

Total ESG risk: 42.01

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Devon Energy Corporation's overall score of 42.01 (as at 12/31/2018) is pretty weak – landing it in it in the 77th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like Devon Energy Corporation is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

Devon Energy Corporation's environmental score

Environmental score: 23.2/100

Devon Energy Corporation's environmental score of 23.2 puts it squarely in the 9th percentile of companies rated in the same sector. This could suggest that Devon Energy Corporation is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

Devon Energy Corporation's social score

Social score: 13.68/100

Devon Energy Corporation's social score of 13.68 puts it squarely in the 9th percentile of companies rated in the same sector. This could suggest that Devon Energy Corporation is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

Devon Energy Corporation's governance score

Governance score: 15.12/100

Devon Energy Corporation's governance score puts it squarely in the 9th percentile of companies rated in the same sector. That could suggest that Devon Energy Corporation is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

Devon Energy Corporation's controversy score

Controversy score: 2/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. Devon Energy Corporation scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Devon Energy Corporation has, for the most part, managed to keep its nose clean.

Environmental, social, and governance (ESG) summary

Devon Energy Corporation was last rated for ESG on: 2019-01-01.

Total ESG score	42.01
Total ESG percentile	77.16
Environmental score	23.2
Environmental score percentile	9
Social score	13.68
Social score percentile	9
Governance score	15.12
Governance score percentile	9
Level of controversy	2

Devon Energy Corporation share dividends

Dividend payout ratio: 1.72% of net profits

Recently Devon Energy Corporation has paid out, on average, around 1.72% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.45% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Devon Energy Corporation shareholders could enjoy a 1.45% return on their shares, in the form of dividend payments. In Devon Energy Corporation's case, that would currently equate to about $0.44 per share.

While Devon Energy Corporation's payout ratio might seem low, this can signify that Devon Energy Corporation is investing more in its future growth.

Devon Energy Corporation's most recent dividend payout was on 29 September 2021. The latest dividend was paid out to all shareholders who bought their shares by 9 September 2021 (the "ex-dividend date").

Have Devon Energy Corporation's shares ever split?

Devon Energy Corporation's shares were split on a 2:1 basis on 15 November 2004. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Devon Energy Corporation shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Devon Energy Corporation shares which in turn could have impacted Devon Energy Corporation's share price.

Devon Energy Corporation share price volatility

Over the last 12 months, Devon Energy Corporation's shares have ranged in value from as little as $7.9518 up to $31.0803. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Devon Energy Corporation's is 3.3723. This would suggest that Devon Energy Corporation's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Devon Energy Corporation overview

Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 3,942 gross wells. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma. .

Frequently asked questions

What percentage of Devon Energy Corporation is owned by insiders or institutions?
Currently 0.854% of Devon Energy Corporation shares are held by insiders and 88.883% by institutions. How many people work for Devon Energy Corporation?
Latest data suggests 1,400 work at Devon Energy Corporation. When does the fiscal year end for Devon Energy Corporation?
Devon Energy Corporation's fiscal year ends in December. Where is Devon Energy Corporation based?
Devon Energy Corporation's address is: 333 West Sheridan Avenue, Oklahoma City, OK, United States, 73102-5015 What is Devon Energy Corporation's ISIN number?
Devon Energy Corporation's international securities identification number is: US25179M1036 What is Devon Energy Corporation's CUSIP number?
Devon Energy Corporation's Committee on Uniform Securities Identification Procedures number is: 25179M103