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, Eagle Ford, Anadarko, Williston, and Powder River Basins. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.
Operational Excellence | Devon Energy's focus on high-grading efforts in the Delaware Basin is projected to yield a 13% year-on-year improvement in oil capital efficiency, outpacing industry peers. |
Strategic Acquisitions | Explore Devon's portfolio enhancement strategy, including the Grayson Mills acquisition in the Bakken region and potential future acquisitions in the Permian Basin. |
Production Dynamics | Delve into Devon's production trajectory, influenced by robust well performance, operational efficiencies, and strategic choices affecting second-half 2024 output. |
Financial Outlook | Analysts project a solid free cash flow yield of approximately 10% for 2024, with an average price target of $57.50, reflecting Devon's strong financial position. |
Metrics to compare | DVN | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipDVNPeersSector | |
---|---|---|---|---|
P/E Ratio | 7.5x | 5.5x | 4.6x | |
PEG Ratio | −0.96 | −0.23 | 0.00 | |
Price/Book | 1.8x | 1.4x | 1.1x | |
Price / LTM Sales | 1.8x | 3.0x | 1.2x | |
Upside (Analyst Target) | 28.6% | 26.1% | 31.5% | |
Fair Value Upside | Unlock | 14.5% | 9.5% | Unlock |