Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.
Operational Triumph | Devon Energy outperforms in Q3 2024, surpassing expectations with strong cash flow and EBITDAX, while maintaining robust production guidance for Q4 |
Strategic Expansion | Explore Devon's acquisition strategy, including the Grayson Mills deal, aimed at enhancing its multi-basin portfolio and securing long-term growth prospects |
Financial Outlook | Analysts project a mixed 2025 outlook with downward earnings revisions, yet Devon maintains a 70% FCF payout target. Price targets range from $46 to $57 |
Industry Positioning | Delve into Devon's strong multi-basin portfolio, particularly its Delaware basin success, while considering challenges like potential production declines and infrastructure constraints |
Metrics to compare | DVN | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipDVNPeersSector | |
---|---|---|---|---|
P/E Ratio | 7.9x | 13.1x | 4.8x | |
PEG Ratio | −0.36 | −0.64 | 0.00 | |
Price/Book | 1.6x | 1.1x | 1.1x | |
Price / LTM Sales | 1.5x | 2.1x | 1.1x | |
Upside (Analyst Target) | 36.0% | 34.1% | 38.6% | |
Fair Value Upside | Unlock | 20.8% | 9.0% | Unlock |