Devon Energy (DVN)
NYSEEnergyOil & Gas Exploration & ProductionSnapshot 2026-11-04
$42.88-2.81%
Close 2026-11-05 · 1-day change
NYSEEnergyOil & Gas Exploration & ProductionSnapshot 2026-11-04
QuarterlyIQ Insights · DVN
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -15.2% |
| Our one-year growth estimate | diamond |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to long-term interest rates.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| 21.6% |
Growth built into the price is above our model estimate.
The price assumes 36.7 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 16 industry peers · Company calendar date is not available
DVN — officer change
Dated 2026-08-20
Executive Vice President — John Raines: Two senior EVPs are leaving the company, but the filing explicitly details internal promotions to fill their roles, indicating an orderly succession rather than a sudden loss of leadership.
Why it matters: Devon spent 2% below its Q2 guidance midpoint. Spending above the Q3 range could weaken its record of cost control.
Worry ifQ3 capital spending is above $1.5 billion.
Less concerning ifQ3 capital spending is at or below $1.5 billion.
Why it matters: Devon set this range for Q3 after Q2 oil output reached 503,000 bpd. Meeting it would show that output is growing as planned.
Supportive ifQ3 oil output is 550,000–560,000 barrels per day or higher.
Worry ifQ3 oil output is below 550,000 barrels per day.
Why it matters: Devon aims to reach $1 billion in yearly savings by the end of 2027. It expects about $600 million during 2027.
Supportive ifDevon reports savings on track for at least $1 billion per year by year-end 2027, with about $600 million captured during 2027.
Worry ifDevon cuts the $1 billion goal, pushes the year-end 2027 date back, or reports savings below its stated pace.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$119 on $10,000 · ±1.2% | How much price usually moves either way. |
| Bad day | $382 loss on $10,000 · 3.8% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $2,270 loss on $10,000 · 22.7% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.