DVN·Devon Energy Corporation
DVN|Earnings Snapshot
EPS
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q3'26 | $1.23 | - | - |
| Q2'26 | $1.41 | $1.57 | +11.6% |
| Q1'26 | $1.09 | $1.04 | -4.9% |
| Q4'25 | $0.82 | $0.82 | +0.0% |
| Q3'25 | $0.94 | $1.04 | +10.6% |
| Q2'25 | $0.86 | $0.84 | -2.8% |
Revenue
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q3'26 | $7.1B | - | - |
| 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 | - |
| Q2'25 | - | $4.3B | - |
DVN|Monthly Returns
Market Data
DVN Stock Snapshot
- Market cap
- 56.51B
- P/E ratio
- 17.2
- Day range
- $47.99 – $49.00
- News sentiment
- 56/100 · Neutral
- Analyst target
- $60.43 (+24.3%)
- Consensus
- Buy · 34 analysts
Neither side has the upper hand on DVN right now, and the indicator set reflects that. 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 -6.6% a year for the next 10 years to justify its valuation at a 8.30% cost of capital. Over its actual history it has compounded free cash flow at 5.9% a year, so the market is asking for 12.5 percentage points below its own delivered rate. On that basis DVN looks priced below what its own growth record supports.
- Implied FCF growth
- -6.6%
- Historical FCF CAGR
- 5.9%
- Growth gap
- -12.5 pts
- Verdict
- CHEAP
- Discount rate (WACC)
- 8.30%
- Beta
- 0.78
Behaviour On Record
What DVN's own history says about today's numbers
- Realized volatility (21d)
- 30.0% 32nd pct
- Below its peak
- -38.9%
- vs 200-day average
- +10.3%
- Up days (1y)
- 51%
Devon Energy Corporation is currently running 30.0% 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 32nd percentile — on the quiet side for this stock, against a typical reading of 37.6%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.
DVN is trading -38.9% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -41.6%, and the deepest was -79.1% in 2020. The current pullback is therefore shallower than what this stock gives back in a typical year, which is context worth having before treating it as a dislocation.
Price sits +10.3% from its 200-day moving average. Against every other day in its history, that gap ranks at the 71st percentile — a somewhat wider gap than its own norm. Over the past year DVN closed higher on 51% of sessions, and it is currently 1 session into a falling streak.
On September specifically: over 13 years of records, DVN finished the month higher 4 of 13 times, with a median return of -5.7% and an average of -1.6%. Its strongest month historically has been April at +9.4% on average, its weakest December at -2.5%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.
Overnight risk is measurable too: DVN has opened more than 2% away from the prior close in 259 of 3,268 sessions (7.9% of the time), with the largest gaps running +15.0% and -23.7%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.
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 2013-09-19 and 2026-09-18, 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 2nd of 11 GICS sectors by relative-strength rotation score (weakening).
- Sector rank
- #2 of 11
- Sector state
- Weakening
- Sector rotation score
- 80
Analyst Rating Changes
Are analysts turning bullish or bearish on DVN?
Raymond James most recently reiterated its rating on Devon Energy Corporation to Strong Buy on Sep 14, 2026 with a price target of $67 (from $64). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.
- Latest action
- Raymond James — Strong Buy
- 90-day upgrades
- 0
- 90-day downgrades
- 0
- Net rating momentum
- 0
DVN Competitive Positioning
- DVNyou're hereDevon Energy Corporation$56.5B-0.02%
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- EQTEQT Corporation$31.5B+0.02%
- TPLTexas Pacific Land Corporation$23.9B-0.18%
- APAAPA Corporation$15.7B+0.25%
