Key facts, as of
As of October 8, 2026, Devon Energy (DVN) trades at $47.88, up 36.8% over the past year. Its 52-week range runs from $31.47 to $52.71; the price is 9.2% below that high. It is 62.4% below its all-time high of $127.43, reached in July 2008. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +50.9%, against +312.9% for the S&P 500 (SPY). It sits 6.9% above its 200-day average of $44.78, the usual sign of a long-term uptrend. Its 30-day volatility is 32.6% annualized, which we rate high risk. It has a trailing P/E of 10.4 and a dividend yield of 2.67%.
Cite: Portfolio Terminal, "Devon Energy (DVN) stock analysis", 2026-10-08. https://portfolio-terminal.com/analyse/dvn
Where it trades today
trading 77% of the way up its 52-week range
How the price has moved
How far it is from its record
Devon Energy (DVN) is 62.4% below its all-time high of $127.43, reached in July 2008. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +50.9%, against +312.9% for the S&P 500 (SPY).
What to weigh before acting
What Matters Now
- Capital discipline and commodity sensitivity matter more than top-line momentum because cash flow can swing quickly with the cycle.
- DVN is valued near its sector range at 10.4x earnings versus 10.5x for peers, so the next move likely needs a real earnings or guidance catalyst.
- DVN carries a beta of 0.54, which means the stock should be judged on how it affects total portfolio swings, not just on standalone upside.
- Relative performance versus XOM, CVX, COP matters here because leadership inside energy rarely stays static for long.
Portfolio Use Case
- DVN is more relevant for investors who want some income support alongside price appreciation, not just pure growth exposure.
- The beta profile suggests it can fit a quality or lower-volatility sleeve more naturally than a high-octane tactical basket.
- This page is most useful for deciding whether the stock deserves a permanent slot in the portfolio or just a place on the watchlist.
What Would Change the View
- Volatility is already above the sector norm, so even a correct long-term thesis can be painful if the position size is too aggressive.
- The view would need revisiting if peers such as XOM, CVX, COP start winning the marginal flow or posting cleaner operating momentum.
Methodology
- Price, market cap, beta, yield, and liquidity fields for DVN come from Yahoo Finance quote and summary data.
- 30-day volatility is calculated from recent daily returns and annualized using a 252-trading-day convention.
- Sector context uses stored benchmark averages for Energy so each page compares the ticker against a stable peer baseline rather than against the whole market.
- Peer comparisons use the Portfolio Terminal coverage set and highlight nearby listed alternatives such as XOM, CVX, COP.
Sources
- Yahoo Finance quote dataopen →
Live quote, valuation, beta, yield, and volume fields used for DVN. Last refresh: Oct 8, 2026, 10:10 AM.
- Portfolio Terminal methodologyopen →
Explains how analytics, refresh cadence, and portfolio interpretation work across the product.
- Peer set and coverage context
Comparative context for this page is anchored around nearby tracked names such as XOM, CVX, COP.
What Devon Energy does
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. The company 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 Houston, Texas.
What analysts expect
DVN carries a strong buy consensus from 28 analysts, with an average price target of $60.57 versus $47.88 today (+26.5%). Targets are estimates and can move quickly after earnings.
Consensus aggregated by Yahoo Finance. Targets are estimates, not forecasts.
How the business is doing
DVN generated $18.78B in trailing revenue (64.2% year over year), with a 17.5% net margin, and $782.63M of free cash flow, against $10.94B of net debt.
The numbers, year by year
| Fiscal year | Revenue | Gross profit | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| 2025 | $17.19B | $4.39B | $3.86B | $2.64B | $4.18 | $2.80B |
| 2024 | $15.94B | $4.71B | $4.18B | $2.89B | $4.58 | -$853.00M |
| 2023 | $15.26B | $5.37B | $4.94B | $3.75B | $5.86 | $2.60B |
| 2022 | $19.17B | $8.37B | $7.92B | $6.01B | $9.15 | $3.40B |
When it reports next
Estimates aggregated by Yahoo Finance. Dates move and estimates change until the report lands.
Which ETFs hold it
DVN is in 8 of the 30 ETFs we track. It weighs most in XLE: 2.82% of the fund, holding #14 of 21.
Famous investors who hold it
DVN is in the latest 13F of 1 of the 15 famous investors we follow. Ray Dalio (Bridgewater Associates) holds the most of it: 0.12% of the portfolio, position #131 of 992, as of Q2 2026.
How it sits in energy
Volatile sector tied to oil and gas prices, includes exploration, production, and refining.
The companies it competes with
DVN beside the energy names it is usually measured against.
What the chart is saying
In an uptrend, pressing toward $49.93 resistance.
uptrend- Price is 1.5% above its 50-day average and 6.9% above its 200-day.
- RSI at 51 is neither stretched nor washed out.
- The nearest ceiling is $49.93 (+4.3%), the nearest floor $46.02 (-3.9%).
A description of the chart, not advice. Indicators describe what the price has done; none of them knows what it does next.
Questions people ask about it
Is DVN a good investment in 2026?
Devon Energy trades at a P/E ratio of 10.4, with high volatility (32.6% annualized). The stock is in a consolidation phase.
What is the risk level of DVN?
Based on 30-day volatility of 32.6%, DVN has HIGH risk. Beta of 0.54 indicates lower sensitivity to market movements than average.
Does DVN pay dividends?
Yes, Devon Energy has a dividend yield of 2.67%.
How far is DVN from its all-time high?
Devon Energy is 62.4% below its all-time high of $127.43, reached in July 2008. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +50.9%, against +312.9% for the S&P 500 (SPY).
Which ETFs hold DVN?
8 of the 30 popular ETFs we track hold Devon Energy. The largest weights: XLE (2.82%), SCHD (1.36%), VYM (0.22%), VTV (0.20%) and VOO (0.08%). Measured on each issuer's full holdings file, dated August 31 to September 24, 2026.
How much of VOO is DVN?
0.08%, as of August 31, 2026: DVN is holding #207 of 505 in Vanguard's file for VOO. $1,000 in VOO puts about $0.85 in Devon Energy.
Which famous investors own DVN?
Ray Dalio (0.12% of Bridgewater Associates's 13F), according to their latest Form 13F filings with the SEC (Q2 2026). A 13F lists US long positions 45 days after the quarter ends, so it can be out of date.
What is the analyst price target for DVN?
The average analyst price target for Devon Energy (DVN) is $60.57 based on 28 analyst estimates, about 26.5% above the current price of $47.88. The published range runs from $44.00 to $68.00.
How much revenue does DVN generate?
Devon Energy reported $18.78B in trailing twelve-month revenue. Revenue growth is running at 64.2% year over year. Net margin sits at 17.5%. Figures are aggregated from company filings by Yahoo Finance and refresh on an hourly cadence.
Compare DVN with anything
Five years side by side: what $10,000 became, how far each fell, whether they move together.