Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.
Financial Prowess | Devon Energy outperforms expectations with robust Q4 results, driven by strong performance in Bakken and Eagle Ford regions, signaling positive momentum for 2025 |
Strategic Acquisitions | Explore Devon's proactive M&A strategy, including the Grayson Mills acquisition, aimed at enhancing asset base and drilling inventory depth in key production areas |
Operational Efficiency | Delve into Devon's potential for continued operational improvements, leveraging technological advancements and economies of scale to drive growth and profitability |
Market Valuation | Analysts set price targets ranging from $44 to $57, with Devon Energy appearing undervalued based on Fair Value estimates, suggesting potential upside for investors |
Metrics to compare | DVN | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipDVNPeersSector | |
---|---|---|---|---|
P/E Ratio | 7.9x | 11.8x | 4.7x | |
PEG Ratio | −0.48 | 0.00 | 0.00 | |
Price/Book | 1.5x | 1.1x | 1.1x | |
Price / LTM Sales | 1.4x | 1.2x | 1.1x | |
Upside (Analyst Target) | 22.5% | 25.3% | 24.7% | |
Fair Value Upside | Unlock | 10.4% | 11.8% | Unlock |