Devon Energy (DVN)
NYSEEnergyOil & Gas E&pSnapshot 2026-07-08
$43.30+2.11%
Close 2026-07-08 · 1-day change
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Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Oil & Gas Exploration & Production is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Devon Energy's growth depends on maintaining production levels and improving cash flow. The company recently projected 2026 output at 1.38 million barrels of oil equivalent per day after its merger with Coterra. It trades at 10.8 times P/E, below the peer median of 15.4 times. This suggests the price reflects less growth than expected. A specific risk is the 30% chance of missing earnings guidance in the next quarter. Peer multiples imply a price about 18% above where it trades; this read is provisional.
Trailing returns as of 2026-07-08. DVN is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 27 analysts currently covering DVN (as of Jul 2026).
Based on 12 Wall Street analysts offering 12-month price targets for DVN in the last 4 months.
A consensus fair price across 12 valuation methods, at three horizons. Current price $43.30. As of 2026-07-08. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Oil & Gas Exploration & Production — fair value, gap to price, and forward P/E.
Advances: Optimize capital program
Debt exchange improves capital structure and supports capital optimization.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-07-08. EPS is implied from price ÷ P/E. Not investment advice.
Current $43.30
The last 12 months of price, then the range of analyst 12-month targets from today’s $43.30.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Above average on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Maintain production levels
Production plans post-merger align with growth objectives.
Shareholder return indicates strong cash flow generation.
Shareholder return indicates strong cash flow generation.
Advances: Complete merger with Coterra Energy
Output projection supports growth from merger.
Advances: Achieve $1 billion in annual pre-tax synergies
Capital returns and synergies post-merger align with objectives.
Bid for Marcellus assets could disrupt strategic focus.