Buy Devon Energy
Amount
Latest price
$35.21
(£1.00 = $1.242)
Number of shares (est.)
0
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Metrics
Market Cap
$22.505B
P/E ratio
6.36
EPS
$5.387
Beta
1.98
Dividend rate
$2.00
Dividend yield
5.84%
About
Devon Energy Corporation is an oil and gas producer in the United States with a multi-basin portfolio. The Company is primarily engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). Its oil and gas properties include Delaware Basin, Eagle Ford, Anadarko Basin, Williston Basin and Powder River Basin. The Delaware Basin operates in southeast New Mexico and across the state line into west Texas. It offers exploration and development opportunities from many geologic reservoirs and play types, including the oil-rich Wolfcamp, Bone Spring, Avalon and Delaware formations. The Eagle Ford operations are located in Texas' DeWitt and Karnes counties. The Anadarko Basin has around four-operated rig program associated with a joint venture. Its position in the Williston is located entirely on the Fort Berthold Indian Reservation in North Dakota. The Powder River Basin is focused on emerging oil opportunities in Wyoming's Powder River Basin.
CEO
Mr. Clay M. Gaspar
Employees
1,900
Sector
Energy
Company HQ
OKLAHOMA CITY, United States of America
Website
News
Devon Energy: Shares Washed Out And Undervalued Heading Into Earnings
Devon Energy is rated a buy due to its compelling valuation, despite a 25% decline since August 2024 and recent oil price drops. Q3 2024 results showed strong production and revenue growth, beating estimates, with significant free cash flow and shareholder returns via buybacks and dividends. Risks include a weaker global economy, lower oil prices, and potential delays in new upstream assets impacting EPS growth forecasts.
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