Why Are People Talking About Investing in Devon Energy (DVN)?

After moving -0.3% during today's afternoon session, Devon Energy is now trading at a price of $49.52 per share. On average, analysts give it a target price of $60.24.

Devon Energy Corporation, an independent energy company, explores for, develops, and produces oil, natural gas, and natural gas liquids in the United States.

Devon Energy Investors Should Consider This:

  • Devon Energy has moved -22.0% over the last year.

  • The company has a price to earnings growth (PEG) ratio of -3.03. A number between 0 and 1 could mean that the market is undervaluing Devon Energy's estimated growth potential

  • Its Price to Book (P/B) ratio is 2.88

  • Devon Energy currently returns an annual dividend yield of 9.1%.

Understanding Devon Energy's Operating Margins

Date Reported Total Revenue ($ k) Operating Expenses ($ k) Operating Margins (%) YoY Growth (%)
2023-02-15 19,169,000 -8,427,000 41 51.85
2022-02-16 12,206,000 -6,801,000 27 1450.0
2021-02-17 4,828,000 -3,818,000 -2 -166.67
2020-02-19 6,220,000 -4,842,000 3 -82.35
2019-02-20 8,896,000 -6,251,000 17 112.5
2018-02-21 13,949,000 -11,056,000 8

Over the last 6 years, Devon Energy's operating margins have averaged only 15.7%, with a high coefficient of variability of 103.1%. On the other hand, we note that the firm's margins are growing at a 31.5% compounded average yearly rate.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.