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 $48.08, up 3.24% from the previous day, and has decreased 20.46% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.17 percentage points. Devon Energy stock is currently +9.2% from its 52-week low of $44.03, and -39.45% from its 52-week high of $79.40.
There are currently 654M shares of DVN outstanding. The market capitalization of DVN is $31.44B. In the past 24 hours, 7.75M 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 choose an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you figure out where to buy Devon Energy stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Pick your method of payment and add your info.
- 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 research tools can help you understand 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 buy DVN stock at a specific price.
- Get notifications regarding your investment in DVN: Create a watchlist to important notifications about your new investment in Devon Energy shares.
Step 1: Figure out where to buy Devon Energy stock
You need a brokerage account to access the NYSE market and buy DVN shares.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal info so you can invest in DVN today.
How to Open a New Account on eToro
- Click here to get started.
- Provide your personal data to create your new brokerage account.
- Submit your information by hitting the "Create Account" button.
Step 3: Deposit funds into your brokerage account
Now that you've opened your account on our top ranked stock trading app, your next step is to transfer the money for your investment:
Check out the walkthrough below if you need help transferring funds into your new brokerage account.
Step 4: Analyze Devon Energy stock
After you have selected the best place to buy Devon Energy stock, it's absolutely critical to analyze their stock before you buy, so you can wrap your head around the risk and opportunity.
Devon Energy stock at a glance
Fundamentals of Devon Energy
WallStreetZen was built to help everyday investors do more in-depth fundamental analysis.
You can see all of the due diligence checks on DVN's stock page.
Is DVN stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge DVN's fair value.
Using relative valuations measures:
- DVN could be undervalued based on its P/E ratio of 5.25x, relative to Oil & Gas E&P industry P/E ratio of 6.67x
- DVN could be overvalued based on its P/B ratio of 2.82x, relative to Oil & Gas E&P industry P/B ratio of 1.88x
- DVN could be undervalued based on its PEG ratio of 0.18x
You can access more valuation analysis on DVN's stock here.
DVN Financial Overview
Positive Financial Indicators:
- Total DVN debt is lower than 5 years ago, relative to shareholder equity.
- DVN profit margin has gone up from 23% to 31.4% in the past year.
- DVN earnings of $8.06B is not enough to cover its interest payments.
- There are more short-term assets than short-term liabilities on the DVN balance sheet.
- DVN's operating cash flow of $8.53B allows it to safely service it's debt of $6.70B.
Negative Financial Indicators:
- DVN has a relatively high debt to equity ratio of 1.11.
- 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 14 Equities analysts who track DVN, the consensus analyst rating on Devon Energy is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Latest DVN Analyst Ratings
Devin McDermott, a top 1% analyst from Morgan Stanley maintains DVN with a hold rating and lowers their DVN price target from $61.00 to $52.00, on Mar 27, 2023.
Maintaining his Hold rating, McDermott lowered his price target on Devon Energy Corporation by 14.8% after updating his assumptions on commodity prices to account for Q1 actuals and Q2 strip*.
"WTI oil prices are declining 1% in Q1 to reflect actuals and 23% in Q2 to align with the strip," the analyst stated.
For natural gas, McDermott said he lowered Henry Hub gas by 13% for Q1 actuals and by 24% on average for the balance of the year to align with the strip.
* Futures strips are the buying or selling of futures contracts in sequential delivery months traded as a single transaction. This is most common in the energy futures market. Futures strips most often trade in the energy market. [from here]
Neil Mehta, a top 12% analyst from Goldman Sachs maintains DVN with a hold rating and lowers their DVN price target from $74.00 to $58.00, on Mar 24, 2023.
Mark Lear, a top 21% analyst from Piper Sandler maintains DVN with a strong buy rating and lowers their DVN price target from $89.00 to $85.00, on Mar 7, 2023.
Scott Gruber, a top 24% analyst from Citigroup maintains DVN with a strong buy rating and lowers their DVN price target from $77.00 to $66.00, on Feb 23, 2023.
John Freeman, a top 1% analyst from Raymond James maintains DVN with a strong buy rating and lowers their DVN price target from $80.00 to $67.00, on Feb 22, 2023.
You can dig deeper into what analysts are projecting on the Devon Energy stock forecast page.
DVN Technicals
Is DVN Growing Revenue?
Last year, DVN earnings were $6.02B. During the past 5 year, DVN's earnings have gone up by 39.86% per year. This was slower than the Oil & Gas E&P industry average of 62.76%.
Last year, DVN revenue was $19.17B. During the last five year, DVN's revenue has grown by 24.14% per year. This was slower than the Oil & Gas E&P industry average of 33.78%.
You can research DVN's earnings and revenue performance here.
Who is buying/selling DVN?
In the past year, insiders at DVN have sold more shares than they have bought.
Clay M. Gaspar, EVP and COO of DVN, was the latest DVN insider to buy. They bought $999,600.00 worth of DVN shares on Mar 14, 2023.
Research more about who owns DVN shares here.
Does DVN stock generate passive income?
Devon Energy pays a dividend of 10.52%, compared to the Oil & Gas E&P industry's average dividend yield of 5.28%. If you owned $1,000 of DVN stock, you would have received $105.24 in the past 12 months.
Devon Energy dividend payments have consistently grown over the past decade but have not remained stable.
Get more analysis about Devon Energy dividend yield and history here.
What others are saying about DVN
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your DVN trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally the best for newer investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount limit, use a limit order.
Press the Open Trade button and eToro will execute your order.
If you require additional info about buying stocks on eToro, click the helpful video below:
Step 6: Get notifications regarding your investment in DVN
Now that you own some DVN shares, you'll want to stay up-to-date on your shares.
Put DVN on a watchlist to track the most important metrics related to your DVN stock.
DVN Feed
How to Buy Stock in Devon Energy
To summarize, here are the 6 steps for buying Devon Energy stock:
- 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 account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep track of your new investment in Devon Energy, add DVN to your watchlist by clicking the button below.
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