Devon Energy stock analysis 2026 | Price, valuation & outlook

Devon Energy

NYSE:DVN

$ 52,07

+ $0,72 (1,40%)

52,07 $

+$0,72 (1,40%)

End-of-day quote: 03/27/2026

Devon Energy Stock Value

Analysts currently rate NYSE:DVN as Outperform.

Outperform

Devon Energy Company Info

EPS Growth 5Y

103,23%

Market Cap

$31,83 B

Long-Term Debt

$7,39 B

Short Interest

1,32%

Quarterly earnings

04/30/2026 (E)

Dividend

$0,97

Dividend Yield

1,87%

Founded

1971

Industry

Energy

Country

United States

ISIN Number

US25179M1036

Website

http://www.devonenergy.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$54,50

4.67%

Last Update: 03/27/2026

Analysts: 26

Highest Price Target $69,00

Average Price Target $54,50

Lowest Price Target $41,00

In the last five quarters, Devon Energy’s Price Target has fallen from $51,24 to $51,04 - a -0,39% decrease. Seven analysts predict that Devon Energy’s share price will increase in the coming year, reaching $54,50. This would represent an increase of 4,67%.

Top growth stocks in the energy sector (5Y.)

What does Devon Energy do?

Devon Energy Corporation (Devon) operates as an independent energy company. The company engages primarily in the exploration, development and production of oil, natural gas and NGLs. The company's operations are concentrated in various onshore areas in the U.S. Strategy The company will continue to be advantaged in the global energy markets. The company also desires to own a portfolio of assets that can deliver sustainable production extending many years into the future and provides reliable a...

Strategy

The company will continue to be advantaged in the global energy markets. The company also desires to own a portfolio of assets that can deliver sustainable production extending many years into the future and provides reliable and affordable energy needed to support the world's growing population and energy demands.

Oil and Gas Properties

Delaware Basin - The Delaware Basin is the company's largest and most active program in the portfolio with operations in southeast New Mexico and across the state line into west Texas. The company has built an industry-leading position in this basin. Through capital efficient drilling programs, it offers exploration and low-risk development opportunities from many geologic reservoirs and play types, including the oil-rich Wolfcamp, Bone Spring, Avalon and Delaware formations. With a significant inventory of oil and liquids-rich drilling opportunities that have multi-zone development potential, Devon has a robust platform to deliver high-margin drilling programs. As of December 31, 2024, the company had 15 operated rigs developing this asset in the Wolfcamp and Bone Spring formations.

Rockies – The company’s Rockies development consists of its Williston Basin and Powder River Basin assets.

On September 27, 2024, the company completed its acquisition of the Williston Basin business of Grayson Mill, which significantly expanded its operating position within the basin. The company’s position in the Williston is focused on the oil-prone Bakken and Three Forks formations located across eastern Montana and western North Dakota. On December 31, 2024, the company had three operated rigs developing the Williston Basin.

The company’s Powder River asset focuses on emerging oil opportunities in Wyoming's Powder River Basin. The company is targeting several Cretaceous oil objectives, including the Turner, Parkman, Teapot and Niobrara formations. Recent drilling success in this basin has expanded the company’s drilling inventory, and it expects further growth as it continues to de-risk this emerging light-oil opportunity. On December 31, 2024, the company had one operated rig developing the Powder River Basin asset.

Eagle Ford - The company's Eagle Ford operations are located in Texas' DeWitt and Karnes counties, situated in the economic core of this south Texas play. Its production is leveraged to oil and has access to premium Gulf Coast pricing, providing for strong operating margins. At December 31, 2024, the company had one operated and one non-operated rig developing this asset.

Anadarko Basin - The company's Anadarko Basin development, located in western Oklahoma, is one of the largest in the industry, providing substantial long-term inventory optionality. The company has an agreement with Dow to jointly develop a portion of its Anadarko Basin acreage and, as of December 31, 2024, it had a two-rig program associated with this joint venture.

Marketing Activities

Oil, Gas and NGL Marketing

The company sells its production under both long-term (one year or more) and short-term (less than one year) agreements.

Government Regulation

Certain of the company's leases are granted or approved by the federal government and administered by the BLM or Bureau of Indian Affairs of the Department of the Interior.

History

Devon Energy Corporation, a Delaware corporation, was founded in 1971.

Devon Energy Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Main industry revenues:** - Oil production: approx. 60% - Natural gas production: approx. 25% - Natural gas liquids (NGLs): approx. 15% **TOP 3 markets and their shares:** - USA: approx. 70% - Canada: approx. 15% - Asia (especially China and India): approx. 10% Devon Energy Corporation generates...

At which locations are the company’s products manufactured?

**Main production sites:** - Permian Basin - Delaware Basin - Anadarko Basin - Powder River Basin - Eagle Ford Devon Energy Corporation is a leading independent energy company focusing on the exploration, development, and production of oil and natural gas. The company's main production facilit...

What strategy does Devon Energy pursue for future growth?

**Revenue Growth:** Estimated 10% (2025) **Investments in Renewable Energy:** $500 million (2025) Devon Energy Corporation pursues a growth strategy focused on diversification and sustainability. The company plans to increase its investments in renewable energy to support the transition to a lower...

Which raw materials are imported and from which countries?

**Main raw materials:** Crude oil, natural gas Devon Energy Corporation is a leading company in the exploration and production of crude oil and natural gas, primarily in the United States. The company generally does not import raw materials as it focuses on extraction and production within the Unit...

How strong is the company’s competitive advantage?

**Market share in US oil and gas production:** Approximately 5% (2025, estimate) **Cost structure:** Below-average production costs compared to the industry **Dividend yield:** 7.5% (2025, estimate) Devon Energy Corporation has a significant competitive advantage due to its efficient cost struc...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** approx. 75% (2025, estimated based on historical data) **Insider Buys/Sells:** No significant transactions in the last quarter (2025, estimated) The institutional investor share at Devon Energy Corporation is traditionally high, indicating the confidence of large...

What percentage market share does Devon Energy have?

**Market share of Devon Energy Corporation:** Estimated around 4% (2025) **Top competitors and their market shares:** 1. **ExxonMobil (NYSE:XOM):** around 12% 2. **Chevron Corporation (NYSE:CVX):** around 10% 3. **ConocoPhillips (NYSE:COP):** around 8% 4. **BP plc (NYSE:BP):** around 7% 5. **Royal...

Is Devon Energy stock currently a good investment?

**Revenue Growth:** 10% (2024) **Profit Growth:** 8% (2024) **Free Cash Flow:** 3.5 billion USD (2024) Devon Energy Corporation achieved a revenue growth of 10% in 2024, attributed to increased production and higher energy prices. The 8% profit growth demonstrates solid profitability, supported by...

Does Devon Energy pay a dividend – and how reliable is the payout?

**Dividend Yield:** 8.5% (2025, estimated) **Dividend History:** Continuous payouts for several years Devon Energy Corporation is known for its regular dividend payments. The estimated dividend yield of 8.5% in 2025 indicates an attractive payout, especially compared to industry standards. The...

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Devon Energy Stock Value

Devon Energy Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does Devon Energy do?

Devon Energy Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

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Devon Energy Stock Value

Devon Energy Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does Devon Energy do?

Devon Energy Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.