Devon Energy Corporation

Devon Energy Corporationverified

DVN

Price:

$46.34

Market Cap:

$29.08B

Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 5,134 gross wells. Devon Energy Corporation was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma.[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

1985-07-22

Stock Exchange

NYSE

Ticker

DVN

The PE Ratio as of July 2024 (TTM) for Devon Energy Corporation (DVN) is 8.83

According to Devon Energy Corporation’s latest financial reports and current stock price. The company's current PE Ratio is 8.83. This represents a change of -9.91% compared to the average of 9.80 of the last 4 quarters.

Devon Energy Corporation (DVN) Historical PE Ratio (quarterly & annually)

How has DVN PE Ratio performed in the past?

The mean historical PE Ratio of Devon Energy Corporation over the last ten years is -7.39. The current 8.83 PE Ratio has changed -12054.78% with respect to the historical average. Over the past ten years (40 quarters), DVN's PE Ratio was at its highest in in the December 2017 quarter at 29.69. The PE Ratio was at its lowest in in the March 2018 quarter at -20.91.

Quarterly (TTM)
Annual

Average

-7.39

Median

5.16

Minimum

-131.82

Maximum

24.20

Devon Energy Corporation (DVN) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Devon Energy Corporation PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 678.23%

Maximum Annual PE Ratio = 24.20

Minimum Annual Increase = -3691.07%

Minimum Annual PE Ratio = -131.82

Quarterly (TTM)
Annual
YearPE RatioChange
20237.7316.04%
20226.66-35.88%
202110.38-542.96%
2020-2.34-98.22%
2019-131.82-3691.07%
20183.67-84.83%
201724.20-445.16%
2016-7.01678.23%
2015-0.90-105.78%
201415.58-101.24%

Devon Energy Corporation (DVN) Average PE Ratio

How has DVN PE Ratio performed in the past?

The current PE Ratio of Devon Energy Corporation (DVN) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

8.25

5-year avg

-21.88

10-year avg

-7.39

Devon Energy Corporation (DVN) PE Ratio vs. Peers

How is DVN’s PE Ratio compared to its peers?

Devon Energy Corporation’s PE Ratio is less than Coterra Energy Inc. (14.87), less than Diamondback Energy, Inc. (11.20), less than EOG Resources, Inc. (9.93), less than ConocoPhillips (12.33), less than Pioneer Natural Resources Company (13.27), less than EQT Corporation (21.78), less than Marathon Oil Corporation (11.19), less than Permian Resources Corporation (16.24),

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