DVN|Analyst Targets
DVN|Company Info
DVN|Insider Trading
DVN|Fundamentals
DVN|Earnings Snapshot
EPS
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q4'26 | $1.54 | - | - |
| Q3'26 | $1.34 | $1.42 | +5.8% |
| Q2'26 | $1.41 | $1.57 | +11.3% |
| Q1'26 | $1.09 | $1.04 | -4.9% |
| Q4'25 | $0.82 | $0.82 | +0.0% |
| Q3'25 | $0.94 | $1.04 | +10.6% |
Revenue
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q4'26 | $7.3B | - | - |
| Q3'26 | $7.0B | $6.9B | -2.5% |
| Q2'26 | $6.3B | $7.4B | +17.5% |
| Q1'26 | $3.9B | $3.8B | -3.5% |
| Q4'25 | $3.9B | $4.1B | +6.0% |
| Q3'25 | - | $4.3B | - |
DVN|Monthly Returns
Market Data
DVN Stock Snapshot
- Market cap
- 48.53B
- P/E ratio
- 14.8
- Day range
- $41.62 – $42.95
- News sentiment
- 65/100 · Bullish
- Analyst target
- $61.69 (+45.1%)
- Consensus
- Buy · 35 analysts
Momentum is working in DVN's favour - it ranks in the upper part of DailyIQ's momentum universe. Sector peers are worth watching - large caps in Energy tend to move together on rotation.
Reverse DCF
What growth is priced into DVN?
At today's price, Devon Energy Corporation needs to grow free cash flow about -9.8% a year for 3 years, slowing to a long-run rate by year 10, to justify its valuation at a 7.59% cost of capital. Over the last five years its revenue has trended at 1.8% a year, so the market is asking for 11.6 percentage points below its own delivered rate. On that basis DVN looks priced below what its own growth record supports.
- Implied FCF growth
- -9.8%
- Growth trend
- 1.8%
- Growth gap
- -11.6 pts
- Verdict
- CHEAP
- Discount rate (WACC)
- 7.59%
- Beta
- 0.76
Behaviour On Record
What DVN's own history says about today's numbers
- Realized volatility (21d)
- 44.5% 66th pct
- Below its peak
- -44.3%
- vs 200-day average
- -4.0%
- Up days (1y)
- 50%
Devon Energy Corporation is currently running 44.5% annualised volatility over the last 21 sessions. Measured against DVN's own 13 years of daily returns rather than a market-wide average, that is the 66th percentile — a little above its own norm, against a typical reading of 37.6%.
DVN is trading -44.3% below its running peak. Across 13 full years on file, its median worst-drawdown-in-a-year was -39.7%, and the deepest was -79.1% in 2020. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began, and where past declines also continued.
Price sits -4.0% from its 200-day moving average. Against every other day in its history, that gap ranks at the 50th percentile — close to the gap it normally carries. Over the past year DVN closed higher on 50% of sessions, and it is currently 1 session into a rising streak.
On November specifically: over 13 years of records, DVN finished the month higher 7 of 13 times, with a median return of +0.3% and an average of +5.2%. Its strongest month historically has been April at +9.4% on average, its weakest December at -2.5%.
Overnight risk is measurable too: DVN has opened more than 2% away from the prior close in 260 of 3,268 sessions (8.0% of the time), with the largest gaps running +15.0% and -23.7%.
Across the last 3 dated reports on file, DVN moved an average of 4.6% in the session after earnings, closing higher 1 of those 3 times, with a median move of -4.3% and a largest of -7.1%.
All figures computed from 3,269 daily closes between 2013-11-06 and 2026-11-05, split-adjusted, recomputed daily. Percentiles are against DVN's own 13-year history, not a peer group or index.
Sector Rotation
Is money rotating into or out of DVN's sector?
Devon Energy Corporation sits in the Energy sector, currently ranked 9th of 12 GICS sectors by relative-strength rotation score (lagging).
- Sector rank
- #9 of 12
- Sector state
- Lagging
- Sector rotation score
- 9
Analyst Consensus Estimates
What do analysts expect DVN to earn?
Analysts expect Devon Energy Corporation to earn $5.48 per share in the fiscal year ending Dec 2026 and $4.84 in the fiscal year ending Dec 2029, from 2 estimates. These are analyst forecasts, not company guidance, and later years rest on fewer analysts.
Revenue marked ~ is our calculation from the EPS estimate, not analyst consensus.
Analyst Rating Changes
Are analysts turning bullish or bearish on DVN?
Mizuho most recently reiterated its rating on Devon Energy Corporation to Outperform on Oct 16, 2026 with a price target of $65 (from $68). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.
- Latest action
- Mizuho: Outperform
- 90-day upgrades
- 0
- 90-day downgrades
- 0
- Net rating momentum
- 0
Corporate Stakes
Which companies own DVN, and what does DVN own?
Companies holding DVN
IES Holdings Inc. reports a stake in Devon Energy Corporation on SEC Form 13F: 500.0K shares, about 0.04% of the company, worth $20.7M at the end of Q2 2026, a position it opened that quarter. At today's price that stake is worth $21.3M, about 0.36% of IESC's own market value.
- Holder
- IESC
- Shares held
- 500.0K
- Stake
- 0.04%
- Value
- $20.7M
| Holder | Last quarter | Shares | % of DVN | Value at filing | Value now | Change |
|---|---|---|---|---|---|---|
| IES Holdings Inc. IESC | 500.0K | 0.04% | $20.7M | $21.3M | +2.9% |
What DVN holds
Devon Energy Corporation files its own 13F because it holds at least $100M of listed US stock. At the end of Q2 2026 it reported 2 positions worth $1.59B, led by Fervo Energy Company at $1.04B (66% of the total). That quarter it opened a new position in FRVO. At today's prices those positions are worth $666.2M, about 1.4% of Devon Energy Corporation's own market value.
- Listed positions
- 2
- Reported value
- $1.59B
- Worth now
- $666.2M
- Largest position
- FRVO
- New / sold out
- 1 / 0
| Company | Last quarter | Shares | % of company | Value at filing | Value now | Change |
|---|---|---|---|---|---|---|
| Fervo Energy Company FRVO | 35.7M | 11.07% | $1.04B | $290.5M | -72.2% | |
| WaterBridge Infrastructure LLC WBI | 16.0M | 10.61% | $548.4M | $375.7M | -31.5% |
Form 13F lists US-listed shares held at quarter-end and is filed up to 45 days later. Stakes in private companies are not on it. Value now and Change put those same shares, adjusted for any stock split, at today's price against their reported quarter-end value, so they do not reflect buying or selling since.
Earnings Release, Scored
What did Devon Energy Corporation's latest earnings release say?
Most important lines
- 1
Expect 2027 oil production growth of 1-3%, with approximately 525,000 barrels per day of oil and 1,600,000 Boe (barrels of oil equivalent) per day for total capital of approximately $5.3 billion, pro forma for the Eagle Ford sale
New this quarter - 2
Accelerating Share Repurchases: Ramping to greater than $1 billion in the fourth quarter with further acceleration in early 2027, post-Eagle Ford sale proceeds
New this quarter - 3
Eagle Ford oil volumes were below expectations due to the timing of completions during the quarter, offset by solid performance across the rest of the portfolio, led by Permian Basin oil production of 389,000 barrels per day.
New this quarterNegative tone
Peers & ETF holders
DVN peers & ETF holders
Oil & Gas E&PMarket cap · today
News & sentiment
What is the news saying about DVN?
DVN fell 10.9% over the month to Nov 5. News tone held between 44 and 75 from Oct 5 to Oct 16, then dropped to 38 on Oct 19.
- Oct 23 +4.9%same day: What You Need To Know Ahead of Devon Energy's Earnings Release
- Nov 2 -6.3%
- Nov 4 -7.3%same day: 6 Big Funds Bought Devon Energy. Is It a Buy Before Earnings?
Technical analysis
How strong is DVN's momentum right now?
On the daily chart DVN ranks at the 87th percentile for momentum against 1,060 stocks and ETFs, a bullish reading.
Institutional ownership
Are big funds buying or selling DVN?
149 of the 204 tracked managers added to DVN in their latest 13F and 54 trimmed. Together they own 77.7% of the company, worth $37.0B. BlackRock and Vanguard Capital Management alone hold 15.0%.
- 1BlackRock, Inc.8.36%$3.9B positionAdded 57.6% last quarter
- $3.1B positionAdded 86.8% last quarter
- 3State Street Corp6.41%$3.0B positionAdded 89.8% last quarter
- $2.4B positionAdded 66.8% last quarter
- $2.1B positionAdded 418.3% last quarter
- $1.6B positionAdded 99.9% last quarter
- $1.3B positionAdded 82.2% last quarter
- 8Davis Selected Advisers2.22%$1.0B positionNew position last quarter
- $1.1B positionAdded 151.5% last quarter
- 10Invesco Ltd.2.12%$997.8M positionAdded 27.4% last quarter
Congressional trading
Is Congress trading DVN?
7 members of Congress disclosed 18 DVN trades between Dec 31, 2024 and Sep 23, 2026: 9 buys, 8 sells and 1 exchange, about $1.09M in estimated value.
What stands out
Click one to highlight its trades in the chartDiscover more
How has DVN done against its peers?
Over the six months to Nov 5, DVN returned −14.3%. Of the 15 related stocks and ETFs, 13 did better, led by MPC at +44.8%.
- 1MPCMarathon Petroleum Corporationup 44.8%+59.1 pts
- 2VLOValero Energy Corporationup 39.9%+54.2 pts
- 3PSXPhillips 66up 37.3%+51.6 pts
- 4CVXChevron Corporationup 11.2%+25.5 pts
- 5COPConocoPhillipsup 10.5%+24.7 pts
- 6XOMExxon Mobil Corporationup 7.2%+21.5 pts
- 7XLEEnergy Select Sector SPDR Fundup 4.3%+18.6 pts
- 8CNQCanadian Natural Resources Limitedup 2.5%+16.8 pts
- 14DVNThis stockdown 14.3%
- 16OIHVanEck Oil Services ETFdown 21.0%−6.7 pts
