How to Buy Devon Energy Stock
Devon Energy Corp
Devon Energy is a oil and gas company located in Oklahoma, United States, which is part of the Energy sector, and is traded under the ticker DVN on the NYSE exchange.
Devon Energy stock last closed at $34.55, up 2.25% from the previous day, and has decreased 27.81% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.48 percentage points. Devon Energy stock is currently +13.69% from its 52-week low of $30.39, and -37.28% from its 52-week high of $55.09.
There are currently 649M DVN shares outstanding. The market value of DVN is $22.42B. In the past 24 hours, 8.16M DVN shares were traded.
How to Buy Devon Energy Stock
Not sure how to invest in Devon Energy stock? Here's how.
- Figure out where to buy Devon Energy stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you decide where to buy Devon Energy stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Pick your method of payment and add your details.
- Analyze Devon Energy stock: The Devon Energy ticker symbol is DVN. Is Devon Energy stock a good investment? Should you buy shares of DVN? How do DVN's underlying business fundamentals look? Do top analysts think Devon Energy is a good buy? Why has DVN's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if DVN is a good stock to buy).
- Make your DVN trade: Decide if you will purchase DVN shares at the current market price or use a limit order to purchase DVN stock at a particular price.
- Get notifications regarding your investment in DVN: Create a watchlist to track your investment in Devon Energy stock.
Step 1: Figure out where to buy Devon Energy stock
You need a brokerage account in order to access the NYSE market and buy DVN stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the best brokerage, you need to fill out some personal information so you are able to buy DVN today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Deposit funds into your brokerage account
Now that you have opened your account on app for stock market, your next step is to transfer the money for your investment:
Check out the video below for more details transferring funds into your new investment account.
Step 4: Analyze Devon Energy stock
After you have decided on the best place to buy Devon Energy stock, it's crucial to analyze their stock before you invest, so you truly understand the risk as well as the opportunity.
Devon Energy quick stats
DVN Due Diligence Checks
WallStreetZen was designed to help part-time investors do more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on DVN's stock page.
Is DVN stock overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge DVN's true value.
Using relative valuations metrics:
- DVN could be undervalued based on its P/E ratio of 7.54x, relative to Oil & Gas E&P industry P/E ratio of 20.91x
- DVN could be undervalued based on its P/B ratio of 1.55x, relative to Oil & Gas E&P industry P/B ratio of 1.61x
- DVN could be overvalued based on its PEG ratio of 1.86x
You can do additional valuation analysis on DVN's stock here.
A look at DVN Cashflows and Balance Sheet
Positive Financial Indicators:
- DVN has $846.00M in cash and short term investments. This is sufficient to cover its annual cash burn of $829.00M.
- DVN has cash burn of 829000000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the DVN balance sheet.
- Total DVN debt is lower than 5 years ago, relative to shareholder equity.
Negative Financial Indicators:
- DVN profit margin has gone down from 24.6% to 18.1% in the past year.
- DVN has a relatively high debt to equity ratio of 1.09.
- There are more long-term liabilities than short-term assets on the DVN balance sheet.
Is DVN stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 17 Wall Street analysts who give ratings on DVN, the consensus analyst rating on Devon Energy is a Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Latest DVN Analyst Ratings
Subash Chandra, a top 10% analyst from Benchmark reiterates DVN with a strong buy rating and maintains their DVN price target from $44.00 to $44.00, on Feb 20, 2025.
Betty Jiang, a bottom 9% analyst from Barclays maintains DVN with a hold rating and raises their DVN price target from $43.00 to $44.00, on Feb 20, 2025.
Bob Brackett, a top 22% analyst from Bernstein upgrades DVN to a buy rating and maintains their DVN price target from $45.00 to $45.00, on Jan 15, 2025.
Scott Hanold, a top 9% analyst from RBC Capital reiterates DVN with a hold rating and maintains their DVN price target from $50.00 to $50.00, on Jan 10, 2025.
Roger Read, a top 6% analyst from Wells Fargo maintains DVN with a strong buy rating and lowers their DVN price target from $49.00 to $43.00, on Dec 17, 2024.
You can dig deeper into what analysts are projecting on the Devon Energy stock forecast page.
DVN Technicals
DVN Growth Metrics
Last year, DVN earnings were $2.89B. In the past 3 year, DVN's earnings have increased by 44.89% per year. This was faster than the Oil & Gas E&P industry average of 21.31%.
Last year, DVN revenue was $15.94B. During the last 5 year, DVN's revenue has increased by 20.71% per year. This was faster than the Oil & Gas E&P industry average of 13.3%.
Dive into DVN's earnings and revenue performance here.
What are DVN executives and large shareholders up to?
In the last 12 months, executives and large shareholders at DVN have sold more shares than they have bought.
Dennis C. Cameron, EVP and General Counsel of DVN, was the latest DVN insider to sell. They sold $260,410.26 worth of DVN shares on Feb 10, 2025.
Learn more about who owns DVN stock here.
Can I get consistent income from DVN stock?
Devon Energy pays a dividend of 2.92%, compared to the Oil & Gas E&P industry's average dividend yield of 3.5%. If you owned $1,000 of DVN stock, you would have been paid $29.23 last year.
Devon Energy dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more data about Devon Energy dividend yield and history here.
Get opinions from other investors
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Step 5: Make your DVN trade
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount, place a limit order.
Click the Open button and your broker will execute your order.
If you require additional help buying stocks on eToro, watch the helpful video below:
Step 6: Get notifications regarding your investment in DVN
Now that you own some DVN shares, you'll want to keep up with your shares.
Add DVN to a watchlist to track the most important metrics related to your DVN stock.
DVN Feed
How to Buy Stock in Devon Energy
To reiterate, here are the 6 steps you need to take to buy Devon Energy stock right now:
- Figure out where to buy Devon Energy stock
- Create a brokerage account
- Deposit funds into your brokerage account
- Analyze Devon Energy stock
- Make your DVN trade
- Get notifications regarding your investment in DVN
If you need a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep tabs on your investment in Devon Energy, get started below.
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