Devon Energy Corp.

Devon Energy Corp.

DVN

Market Cap$24.34B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Devon Energy Corp.Devon Energy Corp.7.15.15%23843%1.64.6

Earnings Call Q3 2024

November 6, 2024 - AI Summary

**Record Production and Growth Rates**: Devon Energy achieved an all-time quarterly production record of 728,000 barrels of oil equivalent (BOE) per day, including 335,000 barrels of oil per day. This marks a 12% year-over-year growth in production per share and surpasses guidance expectations every quarter this year.
**Optimistic 2025 Production Forecast**: For 2025, Devon expects to average around 800,000 BOEs per day, representing nearly 5% higher than previously estimated following the Grayson Mill acquisition. Additionally, oil volumes are projected to average about 380,000 barrels per day, driven by efficient operations and new acquisitions.
**Strong Free Cash Flow and Shareholder Returns**: Devon generated $786 million in free cash flow in Q3 and returned $431 million to shareholders through dividends and share buybacks. The company plans to target up to 70% of free cash flow as cash payouts and expects to continue significant repurchases, with a plan of $200 million to $300 million each quarter.

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$51.86

Target Price by Analysts

33% upsideDevon Energy Target Price DetailsTarget Price
$67.47

Current Fair Value

73.1% upside

Undervalued by 73.1% based on the discounted cash flow analysis.

Share Statistics

Market cap$24.34 Billion
Enterprise Value$24.41 Billion
Dividend Yield$1.45 (5.145356315924881%)
Earnings per Share$5.86
Beta2.07
Outstanding Shares622,000,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio7.1
PEG-65.95
Price to Sales1.62
Price to Book Ratio-
Enterprise Value to Revenue1.58
Enterprise Value to EBIT5.64
Enterprise Value to Net Income7
Total Debt to Enterprise0
Debt to Equity4.64

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Devon Energy Corp.

CEO: David Hager