Devon Energy Corp.
DVN
Market Cap$20.93B
Close$
Earnings Call Q4 2024
February 19, 2025 - AI Summary
Strong Operational Performance: Devon Energy achieved a record fourth-quarter oil production of 398,000 barrels per day and a 154% proved reserve replacement ratio, generating $3 billion in free cash flow in 2024. This performance highlights the company's efficiency and strong asset management, particularly in the Eagle Ford and Grayson Mill assets.
Dividend Increase: The Board approved an increase in the quarterly fixed dividend to $0.24 per share, reflecting a 9% improvement over 2024. This emphasizes Devon's commitment to returning value to shareholders while maintaining a solid financial position.
Strategic Partnership Dissolution: The dissolution of the joint venture with BPX in the Eagle Ford is expected to yield over $2 million in drilling and completion cost savings per well. Control over the Blackhawk field's operations is anticipated to enhance overall returns and operational efficiency, offering significant upside potential.
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$40.28
17.5% upside
Current Fair Value
17.5% upsideUndervalued by 17.5% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $20.93 Billion |
|---|---|
| Enterprise Value | $29.28 Billion |
| Dividend Yield | $1.25 (3.84260682446972%) |
| Earnings per Share | $4.57 |
| Beta | 1.05 |
| Outstanding Shares | 650,000,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 7.31 |
|---|---|
| PEG | -16.42 |
| Price to Sales | 1.43 |
| Price to Book Ratio | 1.56 |
| Enterprise Value to Revenue | 1.83 |
| Enterprise Value to EBIT | 7.16 |
| Enterprise Value to Net Income | 10 |
| Total Debt to Enterprise | 0.31 |
| Debt to Equity | 0.63 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Devon Energy Corp.
CEO: David Hager