DVN

Devon Energy Corp

Feb 03 • 04:00PM ET

41.11

+0.97 2.42 %

Energy • Oil & Gas E&P • USA • NYSE

Feb 02, 12:45 PMDevon Energy details a definitive all-stock merger with Coterra to form a $58B shale producer, setting a 0.70 DVN-for-Coterra exchange ratio with Devon holders owning 54%, targeting a Q2 2026 close and $1B in annual pre-tax synergies, moving HQ to Houston while keeping an OKC presence, and planning a $0.315 quarterly dividend plus a $5B buyback for the combined company; shares edge slightly higher.

Peers: EOG FANG OXY XOM COP MRO APA HES

| Held by: VTI VOO XLE VO IVV SPY VTV QUAL VFLO COWZ

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Index	S&P 500	P/E	9.67	EPS (ttm)	4.25	Insider Own	6.19%	Shs Outstand	629.00M	Perf Week	4.21%
Market Cap	25.79B	Forward P/E	12.12	EPS next Y	3.39	Insider Trans	-0.02%	Shs Float	588.48M	Perf Month	8.56%
Enterprise Value	33.15B	PEG	-	EPS next Q	0.81	Inst Own	72.91%	Short Float	3.76%	Perf Quarter	26.53%
Income	2.72B	P/S	1.53	EPS this Y	-16.99%	Inst Trans	-2.42%	Short Ratio	2.45	Perf Half Y	28.71%
Sales	16.88B	P/B	1.68	EPS next Y	-15.21%	ROA	8.84%	Short Interest	22.12M	Perf YTD	12.23%
Book/sh	24.40	P/C	20.18	EPS next 5Y	-2.10%	ROE	18.35%	52W High	41.31 -0.48%	Perf Year	20.56%
Cash/sh	2.04	P/FCF	8.96	EPS past 3/5Y	2.90% -	ROIC	11.87%	52W Low	25.89 58.79%	Perf 3Y	-33.39%
Dividend Est.	0.97 (2.35%)	EV/EBITDA	4.67	Sales past 3/5Y	4.22% 18.46%	Gross Margin	23.20%	Volatility	3.65% 3.60%	Perf 5Y	174.80%
Dividend TTM	0.96 (2.34%)	EV/Sales	1.96	EPS Y/Y TTM	-21.32%	Oper. Margin	20.27%	ATR (14)	1.32	Perf 10Y	96.65%
Dividend Ex-Date	Dec 15, 2025	Quick Ratio	0.87	Sales Y/Y TTM	11.14%	Profit Margin	16.11%	RSI (14)	70.32	Recom	1.61
Dividend Gr. 3/5Y	-9.71% 32.88%	Current Ratio	0.96	EPS Q/Q	-16.20%	SMA20	8.87%	Beta	0.61	Target Price	47.52
Payout	31.80%	Debt/Eq	0.56	Sales Q/Q	2.95%	SMA50	10.74%	Rel Volume	2.60	Prev Close	40.14
Employees	2300	LT Debt/Eq	0.49	Earnings	Feb 17 AMC	SMA200	20.03%	Avg Volume	9.02M	Price	41.11
IPO	Mar 17, 1992	Option/Short	Yes / Yes	EPS/Sales Surpr.	11.79% 4.69%	Trades		Volume	23,409,044	Change	2.42%

Date	Action	Analyst	Rating Change	Price Target Change
Jan-16-26	Downgrade	Scotiabank	Sector Outperform → Sector Perform	$41
Dec-12-25	Upgrade	UBS	Neutral → Buy
Dec-08-25	Upgrade	JP Morgan	Neutral → Overweight	$44
Oct-14-25	Initiated	Roth Capital	Buy	$42
Aug-25-25	Initiated	William Blair	Outperform
Jan-15-25	Upgrade	Bernstein	Mkt Perform → Outperform	$45
Jan-14-25	Upgrade	The Benchmark Company	Hold → Buy	$44
Jan-03-25	Upgrade	Wolfe Research	Peer Perform → Outperform	$45
Dec-05-24	Downgrade	JP Morgan	Overweight → Neutral	$43
Nov-07-24	Downgrade	Truist	Buy → Hold	$49 → $43
Oct-03-24	Resumed	Jefferies	Hold	$45
Jul-18-24	Initiated	Wolfe Research	Peer Perform
Apr-10-24	Initiated	Barclays	Equal Weight	$59
Apr-01-24	Upgrade	Wells Fargo	Equal Weight → Overweight	$46 → $59
Dec-11-23	Upgrade	Morgan Stanley	Equal-Weight → Overweight	$48 → $52
Dec-06-23	Upgrade	JP Morgan	Neutral → Overweight	$57 → $58
Nov-09-23	Upgrade	Pickering Energy Partners	Neutral → Outperform
Oct-17-23	Downgrade	Bernstein	Outperform → Mkt Perform	$48
Jun-13-23	Upgrade	Goldman	Neutral → Buy	$63 → $58
Apr-19-23	Initiated	UBS	Neutral	$60

Show Previous Ratings

Today 10:40AM	Politics, Not Barrels, Are Driving Oil Again (Oilprice.com)
10:00AM	Devon, Coterra Sign 'Blockbuster' Merger Deal (Rigzone.com)
09:34AM	Adobe downgraded, Palantir upgraded: Wall Street's top analyst calls (The Fly)
09:30AM	Should You Invest in Devon Energy (DVN) Based on Bullish Wall Street Views? (Zacks)
09:29AM	Devon, Coterra Merger Redraws the 2026 U.S. Shale Playbook (Zacks)
07:51AM	Loading…
07:51AM	Coterra Energy and Devon Energy Seal $58 Billion Merger Deal (Zacks)
06:35AM	Devons relocation highlights corporate energy flight from Oklahoma (The Oklahoman)
06:10AM	Devon Energy and Coterra Energy to merge in $58bn all-stock deal (Offshore Technology)
05:12AM	UBS Reaffirms Buy on Devon Energy (DVN) as Cost Cuts Accelerate (Insider Monkey)
Feb-02-26 09:06PM	Devon Energy Touts Transformative Coterra Merger, Targets $1B Synergies and $5B+ Buyback (MarketBeat)
07:35PM	This $58 Billion Merger is Creating a New U.S. Oil and Gas Giant (Motley Fool)
07:33PM	Coterra Energy Calls Devon Merger Transformational, Targets $1B Synergies and $5B+ Buybacks (MarketBeat)
06:57PM	Devon Agrees to Buy US Shale Rival Coterra for $21.4 Billion (Bloomberg)
05:55PM	Devon Energy And Coterra Create Shale Giant With $58 Billion Merger (Investor's Business Daily)
05:33PM	KIMMERIDGE COMMENTS ON PROPOSED MERGER OF COTERRA AND DEVON (PR Newswire)
05:09PM	Loading…
05:09PM	Financial Services Roundup: Market Talk (The Wall Street Journal)
04:20PM	Devon Energy CEO: Stars align to acquire Coterra for nearly $26 billion as merger mania returns to the oilfield (Fortune)
03:44PM	Analyst Report: Devon Energy Corporation (Morningstar Research)
02:17PM	Devon Energy to Buy Coterra for $21.5 Billion to Create Shale Giant (The Wall Street Journal)
02:09PM	Devon Energys merger with Coterra looks a little too defensive (Financial Times)
01:01PM	Halper Sadeh LLC Encourages CTRA, DVN, CLBK, NFBK Shareholders to Contact the Firm to Discuss Their Rights (PR Newswire)
12:26PM	Energy & Utilities Roundup: Market Talk (The Wall Street Journal)
12:00PM	Is Devon Energy stock up or down? How investors are reacting to Coterra merger news (The Oklahoman)
11:51AM	Who is Clay Gaspar? What to know about CEO of Devon Energy amid Coterra merger (The Oklahoman)
11:36AM	A $58 Billion Shale Merger Comes at an Awkward Time (Barrons.com)
10:19AM	Oracle to raise $50B for AI, DevonCoterra deal, crypto stocks fall (Yahoo Finance Video)
09:19AM	Devon to move HQ to Houston; will maintain 'significant' OKC presence (The Oklahoman)
08:51AM	Devon, Coterra to Merge in $58 Billion Deal, Including Debt (The Wall Street Journal)
08:50AM	There's another big oil-and-gas merger, but shareholders aren't happy (MarketWatch)
08:43AM	Devon, Coterra Strike $58 Billion Merger To Dominate US Shale (Benzinga)
08:42AM	Loading…
08:42AM	National Fuel Gas Q1 Earnings Beat Estimates, Gas Production Up (Zacks)
08:39AM	Devon Energy and Coterra $58 Billion Merger Creates 'Premiere Shale Operator' (Barrons.com)
08:32AM	Murphy Q4 Earnings & Sales Beat Estimates, Reserve Replacement Is 103% (Zacks)
08:30AM	Devon and Coterra to Create Shale Giant in $58-Billion Merger Deal (Oilprice.com)
07:39AM	Devon Energy And Coterra Create Shale Oil Giant With $58 Billion Merger (Investor's Business Daily)
06:59AM	Devon Energy and Coterra Energy to Combine, Creating a Premier Shale Operator (Business Wire)
Jan-30-26 12:53PM	Wells Fargo Raises Devon Energy (DVN) Price Target by $6 (Insider Monkey)
10:09AM	A Devon and Coterra Merger Could Become One of the Largest Shale Oil Deals Ever (24/7 Wall St.)
09:00AM	Devon Energy Corporation (DVN) Is a Trending Stock: Facts to Know Before Betting on It (Zacks)
Jan-29-26 02:27PM	Coterra and Devon reportedly in advanced merger talks (Investing.com)
11:41AM	Concerns Over AI Spending Weigh on Stocks (Barchart)
06:21AM	Devon Energy Stock: Analyst Estimates & Ratings (Barchart)
Jan-23-26 05:50PM	Devon Energy (DVN) Surpasses Market Returns: Some Facts Worth Knowing (Zacks)
04:13PM	Energy Firms Backed by Jeff Bezos and Bill Gates Look to Go Public (Barrons.com)
11:24AM	Stocks Recover on Strength in Megacap Tech and Consumer Sentiment (Barchart)
09:57AM	Stocks Pressured by Weakness in Chip Makers (Barchart)
Jan-22-26 10:00PM	BofA Lifts Devon Energy (DVN) PT to $46, Favoring Its Resilient Portfolio (Insider Monkey)
Jan-20-26 12:45PM	Cold Weather Causes These Stocks To Rally. Reported Merger Talks Add To Gains. (Investor's Business Daily)
Jan-19-26 11:51AM	Coterra and Devon Explore Merger to Create Major U.S. Shale Player (Zacks)
06:22AM	Here's What to Expect From Devon Energys Next Earnings Report (Barchart)
Jan-16-26 03:54PM	Deal Dispatch: From $14B Medtech Buys To Vodka Bankruptcies, This Week's M&A Roundup (Benzinga)
08:02AM	Here Are Fridays Top Wall Street Analyst Research Calls: ConocoPhillips, Devon Energy, Garmin, Honeywell, HP, PepsiCo, Rocket Labs, Seagate, and More (24/7 Wall St.)
04:32AM	Coterra, Devon Energy in potential merger talks (Offshore Technology)
Jan-15-26 05:50PM	Devon Energy (DVN) Stock Dips While Market Gains: Key Facts (Zacks)
04:33PM	Stocks Boosted by Chip Demand Optimism (Barchart)
02:06PM	Report: OKC-based Devon Energy in merger talks with Corterra Energy (The Oklahoman)
01:19PM	Coterra stock rises, Devon falls following report on merger talks (Investing.com)
09:30AM	Is It Worth Investing in Devon Energy (DVN) Based on Wall Street's Bullish Views? (Zacks)
Jan-14-26 06:00PM	Devon Energy (DVN) Rises As Market Takes a Dip: Key Facts (Zacks)
04:39PM	Stock Indexes Settle Lower on Tech Weakness (Barchart)
01:30PM	Devon Energy Unusual Call Option Activity - Investors Expecting a Dividend Hike? (Barchart)
07:00AM	Top Energy Stocks Poised for Gains: WarrenAI Highlights Value Opportunities (Investing.com)
12:24AM	Analysts Optimistic on Devon Energy's (DVN) 2026 Production Outlook (Insider Monkey)
Jan-12-26 04:05PM	Devon Energy Schedules Fourth-Quarter 2025 Earnings Release and Conference Call (GlobeNewswire)
Jan-10-26 10:41AM	5 Energy Stocks That Could Double in 2026 (24/7 Wall St.)
Jan-09-26 11:09AM	Devon Energy Gains From Multi-basin Portfolio, Strategic Acquisition (Zacks)
Jan-08-26 10:00PM	Devon Energy (DVN) Price Target Lowered to $42, 'Outperform' Rating Maintained (Insider Monkey)
04:39PM	Stocks Settle Mixed on Sector Rotation (Barchart)
01:41PM	Trump wants oil at $50. He thinks Venezuela can help - but oil drillers might not go along. (MarketWatch)
12:12AM	Analyst Reiterates 'Buy' Rating on Devon Energy (DVN) (Insider Monkey)
Jan-07-26 05:50PM	Devon Energy (DVN) Suffers a Larger Drop Than the General Market: Key Insights (Zacks)
11:00AM	Occidental Is Trading Above 50-Day SMA: How to Play the Stock? (Zacks)
Jan-06-26 09:00AM	Devon Energy Corporation (DVN) Is a Trending Stock: Facts to Know Before Betting on It (Zacks)
08:57AM	Oil Stocks Got a Boost From Venezuela Intervention. 6 Losers That May Be Better Bets. (Barrons.com)
07:42AM	Passive Income Dividend Giants Dominate JP Morgans 2026 Energy Top Picks (24/7 Wall St.)
02:00AM	The Venezuela News Lifted Some Oil Stocks. The Losers May Be Better Bets. (Barrons.com)
Jan-05-26 06:00PM	Devon Energy (DVN) Stock Sinks As Market Gains: What You Should Know (Zacks)
12:42PM	Venezuela Fuels Broad Sector Rally But These Oil And Gas Plays Slide (Investor's Business Daily)
Jan-02-26 10:50AM	Roth/MKM and UBS Positive on Devon Energy (DVN) After Bakken Capital Efficiency and Cost-Cutting Programs (Insider Monkey)
Dec-31-25 09:15AM	Why Oil Stocks Are Worth a Bet in 2026 (Barrons.com)
Dec-30-25 04:31PM	Stocks Fall Slightly in Thin Holiday Trade (Barchart)
04:05PM	Devon Energy to Participate in Upcoming Conference (GlobeNewswire)
11:06AM	Stocks Slip as Bond Yields Rise (Barchart)
06:32AM	Stock Market Today: Stocks Limp Lower For Third Consecutive Day (TheStreet)
Dec-29-25 04:46PM	Stocks to Watch Monday Recap: Lululemon, Newmont, DigitalBridge (The Wall Street Journal)
04:32PM	Stocks Settle Lower as Weakness in Big Tech Weighs (Barchart)
11:58AM	2 Oil Stocks Rising Amid Geopolitical Tensions (Schaeffer's Research)
10:02AM	Stocks Slip Due to Weakness in Megacap Technology Stocks (Barchart)
09:38AM	Stocks to Watch Monday: Lululemon, Newmont, DigitalBridge (The Wall Street Journal)
06:22AM	Stocks Set to Open Lower as Investors Trim Risk at Year-End, Fed Minutes Awaited (Barchart)
Dec-26-25 05:50PM	Why Devon Energy (DVN) Dipped More Than Broader Market Today (Zacks)
10:04AM	Stocks See Support As Year-End Bullish Sentiment Continues (Barchart)
09:00AM	Investors Heavily Search Devon Energy Corporation (DVN): Here is What You Need to Know (Zacks)
Dec-17-25 04:38PM	Stocks Settle Sharply Lower as Tech Stocks Routed (Barchart) +5.30%
01:19PM	Analyst Report: Devon Energy Corporation (Morningstar Research)
11:24AM	Stocks Retreat as AI Infrastructure Companies and Chip Makers Fall (Barchart)
09:56AM	Stocks Mixed with Energy Producers Higher and Homebuilders Lower (Barchart)
Dec-16-25 04:33PM	Stocks Settle Mixed on Soft US Economic News (Barchart)
Dec-15-25 04:36PM	Stocks Fall Ahead of US November Payroll Report (Barchart)
09:00AM	Here is What to Know Beyond Why Devon Energy Corporation (DVN) is a Trending Stock (Zacks)

Devon Energy Corp. engages in the exploration, development, and production of oil and natural gas properties. It develops and operates Delaware Basin, Eagle Ford, Heavy Oil, Barnett Shale, STACK, and Rockies Oil. The company was founded by J. Larry Nichols and John W. Nichols in 1971 and is headquartered in Oklahoma City, OK.

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
KINDICK KELT	Director	Aug 11 '25	Sale	33.46	7,685	257,140	31,801	Aug 11 04:55 PM
KINDICK KELT	Director	Aug 11 '25	Proposed Sale	33.28	7,685	255,757		Aug 11 02:11 PM

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DVN

Devon Energy Corp

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