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 $52.18, down 0.95% from the previous day, and has decreased 5.64% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.2 percentage points. Devon Energy stock is currently +28.94% from its 52-week low of $40.47, and -5.91% from its 52-week high of $55.46.
There are currently 635M shares of DVN outstanding. The market capitalization of DVN is $33.13B. In the past 24 hours, 6.93M 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.
A brokerage account is an investment account that enables you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.
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Step 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.
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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
DVN Price
$52.18
1w %
-3.62%
1y %
-5.64%
5y %
58.94%
P/E
8.9x
P/B
2.75x
P/S
2.17x
PEG
0.35x
Revenue
$15.26B
Earnings
$3.75B
Fore. Rev. Growth
1.03%
Fore. Earn. Growth
25.76%
Market Cap
$33.13B
Next Earnings
May 2, 2024
Next Dividend
N/A
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 8.9x, relative to Oil & Gas E&P industry P/E ratio of 13.17x
DVN could be overvalued based on its P/B ratio of 2.75x, relative to Oil & Gas E&P industry P/B ratio of 2.13x
DVN could be undervalued based on its PEG ratio of 0.35x
Total DVN debt is lower than 5 years ago, relative to shareholder equity.
DVN earnings of $4.90B is not enough to cover its interest payments.
DVN's operating cash flow of $6.54B allows it to safely service it's debt of $6.45B.
There are more short-term assets than short-term liabilities on the DVN balance sheet.
Negative Financial Indicators:
DVN has a relatively high debt to equity ratio of 1.02.
DVN profit margin has gone down from 31.4% to 24.6% in the past year.
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
Arun Jayaram, a top 11% analyst from JP Morgan maintains DVN with a strong buy rating and raises their DVN price target from $57.00 to $62.00, on Apr 8, 2024.
JP Morgan's Arun Jayaram raised their price target on Devon Energy (NYSE: DVN) by 8.8% from $57 to $62 on 2024/04/08. The analyst maintained their Strong Buy rating on the stock.
Apparently, the company is ahead of schedule with the turnaround in its capital efficiency and stock price, the analyst said, citing recent conversations with management.
Jayaram reported that key initiatives include:
shifting to higher levels of Delaware Basin activity,
focusing more on the most profitable areas in the Delaware Basin and other basins to significantly rebound well productivity, and
leveraging the current slowdown in the North American services market to reduce Capex through cost deflation and faster cycle times.
Neal Dingmann, a top 1% analyst from Truist Securities maintains DVN with a strong buy rating and lowers their DVN price target from $69.00 to $66.00, on Apr 5, 2024.
Roger Read, a top 2% analyst from Wells Fargo upgrades DVN to a strong buy rating and raises their DVN price target from $46.00 to $59.00, on Apr 1, 2024.
Derrick Whitfield, a top 10% analyst from Stifel Nicolaus maintains DVN with a strong buy rating and lowers their DVN price target from $75.00 to $65.00, on Mar 22, 2024.
Scott Hanold, a top 2% analyst from RBC Capital reiterates DVN with a hold rating and maintains their DVN price target from $55.00 to $55.00, on Mar 7, 2024.
Last year, DVN earnings were $3.75B. During the past 5 year, DVN's earnings have gone up by -0.93% per year. This was slower than the Oil & Gas E&P industry average of 15.41%.
Last year, DVN revenue was $15.26B. During the last five year, DVN's revenue has grown by 11.39% per year. This was slower than the Oil & Gas E&P industry average of 19.68%.
Devon Energy pays a dividend of 4.64%, compared to the Oil & Gas E&P industry's average dividend yield of 3.58%. If you owned $1,000 of DVN stock, you would have received $46.38 in the past 12 months.
Devon Energy dividend payments have consistently grown over the past decade but have not remained stable.
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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:
How much does it cost to buy one Devon Energy share?
As of Apr 16, 2024, it costs $52.18 to buy one share of Devon Energy stock.
Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.192 shares of DVN.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.