Devon Energy (DVN)
NYSEEnergyOil & Gas Exploration & ProductionSnapshot 2026-09-04
$48.06-1.50%
Close 2026-09-04 · 1-day change
NYSEEnergyOil & Gas Exploration & ProductionSnapshot 2026-09-04
Research Workspace
Put DVN beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
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 expansion. 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.
Primary pillar under pressure — Finalize merger with Coterra Energy: Merger integration status: 'slipped' vs target 'completed by mid-2026'.
View ThesisRevenue growth is accelerating — up about 15% over the past year.
View GrowthRanks among the strongest in its industry on quality — around the top 17%.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationModerate volatility — typically moves about 1% a day.
View RiskDVN's growth relies on effective integration of its merger with Coterra Energy. Recent earnings showed a strong beat with an EPS of 1.57, indicating solid performance. It trades at 10.8× P/E versus a peer median of 18×, suggesting the price reflects less growth than anticipated. The primary risk is the potential failure to capture integration synergies from the merger, which could hinder growth. Peer multiples imply a price about 10% above where it trades. Our read is provisional.
Trailing returns as of 2026-09-04. DVN is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 28 analysts currently covering DVN (as of Sep 2026).
Based on 12 Wall Street analysts offering 12-month price targets for DVN in the last 4 months.
Continue this research
Compare DVN with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| DVN Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 12 valuation methods, at three horizons. As of 2026-09-04. 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.
Compare the value case
Put DVN next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Threatens: Complete integration and synergy capture from Coterra merger
Integration issues post-Coterra merger may hinder growth objectives.
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 2026-09-04. EPS is implied from price ÷ P/E. Not investment advice.
Current $48.06
The last 12 months of price, then the range of analyst 12-month targets from today’s $48.06.
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: Disciplined capital management and optimized capital program
Focus on buybacks and debt reduction aligns with capital management goals.
Advances: Return meaningful capital to shareholders
Revenue surge supports capital return to shareholders.
Advances: Drive free cash flow improvements
Strong Q2 results indicate improved free cash flow.
Advances: Drive free cash flow improvements
Profit exceeding estimates suggests improved free cash flow.
Threatens: Complete merger with Coterra Energy
Concerns over merger synergies may hinder growth.
Threatens: Complete merger with Coterra Energy
Asset sale may hinder growth from merger completion.
Threatens: Complete merger with Coterra Energy
Potential asset sale may impact merger growth objectives.
