Devon Energy

DVN

Market cap $49.8B

Devon Energy is now a ~$50 billion upstream company, strengthened by the $28 billion Coterra acquisition and integrated assets. DVN targets $2 billion in synergies by YE-2027, driving improved FCF and capital efficiency, with $800 million quarterly FCF pre-merger. Post-merger guidance calls for 1.4 million barrels/day production, $4.9 billion capex, and up to 70% of FCF returned to shareholders.

The latest trading day saw Devon Energy (DVN) settling at $43.31, representing a +2.12% change from its previous close.

Devon Energy (DVN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

OKLAHOMA CITY, July 01, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report second-quarter 2026 results on Tuesday, August 4, after the close of U.S. financial markets. The earnings release and presentation for the second-quarter 2026 results will be available on the company's website at www.devonenergy.com.

Devon Energy offers compelling value, trading at steep discounts to sector peers and its own historical multiples after a recent pullback. The completed Coterra merger strengthens DVN's multi-basin portfolio and is expected to deliver $1 billion in annual pre-tax synergies by 2027. DVN targets up to 70% of free cash flow returned to shareholders via dividends and an $8 billion buyback while maintaining a sub-$45 WTI breakeven.

In the closing of the recent trading day, Devon Energy (DVN) stood at $41.32, denoting a -1.6% move from the preceding trading day.

Devon Holdco, an indirect subsidiary of Devon Energy, sold 1,755,174 Class A shares for a transaction value of $52.7 million on June 22, 2026. This disposition was effected solely through indirect ownership (Devon Holdco).

DVN edges FANG with a cheaper valuation, higher yield, stronger ROE and better share gains despite higher debt.

Devon Energy (DVN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

In the most recent trading session, Devon Energy (DVN) closed at $42.74, indicating a -1.5% shift from the previous trading day.