Devon Energy Corporation (DVN)

Last Closing Price: 52.57 (2024-04-23)

Company Description

Devon Energy Corporation is an independent energy company engaged primarily in the exploration, development and production of oil and natural gas. The company's oil and gas operations are mainly concentrated in the onshore areas of North America, primarily in the United States. In June 2019, Devon completed the sale of substantially all oil and gas assets, as well as operations in Canada. In October 2020, the company completed the sale of Barnett Shale assets. In aggregate, estimated proved reserves associated with these assets were 400 MMBoe (million barrels of oil equivalent), accounting for 21% of total proved reserves.Subsequent to the sale of Devon's Canadian business, its oil and gas exploration and production activities are solely concentrated in the United States. After completion of the Barnett Shale gas assets sale, the company will concentrate on oil assets in the United States.

Financials, Fundamental Metrics & Ratios
Revenue (Most Recent Fiscal Year) $15.26B
Net Income (Most Recent Fiscal Year) $3.75B
PE Ratio (Current Year Earnings Estimate) 10.03
PE Ratio (Trailing 12 Months) 9.15
PEG Ratio (Long Term Growth Estimate) --
Price to Sales Ratio (Trailing 12 Months) 2.17
Price to Book Ratio (Most Recent Quarterly Book Value per Share) 2.73
Price to Cash Ratio (Most Recent Annual Cash Flow per Share) 5.38
Pre-Tax Margin (Trailing 12 Months) 30.30%
Net Margin (Trailing 12 Months) 24.56%
Return on Equity (Trailing 12 Months) 31.72%
Return on Assets (Trailing 12 Months) 15.36%
Current Ratio (Most Recent Fiscal Quarter) 1.07
Quick Ratio (Most Recent Fiscal Quarter) 0.99
Debt to Common Equity (Most Recent Fiscal Quarter) 0.46
Inventory Turnover (Trailing 12 Months) 13.09
Book Value per Share (Most Recent Fiscal Quarter) $19.07
Earnings per Share (Most Recent Fiscal Quarter) $1.41
Earnings per Share (Most Recent Fiscal Year) $5.71
Diluted Earnings per Share (Trailing 12 Months) $5.83
Stock
Exchange NYSE
Sector Energy
Industry Oil & Gas E&P
Common Shares Outstanding 635.00M
Free Float 631.00M
Market Capitalization $33.10B
Average Volume (Last 20 Days) 6.91M
Beta (Past 60 Months) 2.19
Percentage Held By Insiders (Latest Annual Proxy Report) 0.63%
Percentage Held By Institutions (Latest 13F Reports) 69.72%
Annual Dividend (Based on Last Quarter) $0.88
Dividend Yield (Based on Last Quarter) 1.69%