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Also traded in: Germany, Mexico

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash to Debt 0.13
DVN's Cash to Debt is ranked lower than
69% of the 455 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.43 vs. DVN: 0.13 )
Ranked among companies with meaningful Cash to Debt only.
DVN' s Cash to Debt Range Over the Past 10 Years
Min: 0.01  Med: 0.18 Max: No Debt
Current: 0.13
Equity to Asset 0.22
DVN's Equity to Asset is ranked lower than
76% of the 440 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.50 vs. DVN: 0.22 )
Ranked among companies with meaningful Equity to Asset only.
DVN' s Equity to Asset Range Over the Past 10 Years
Min: 0.22  Med: 0.49 Max: 0.65
Current: 0.22
0.22
0.65
F-Score: 3
Z-Score: -1.31
M-Score: -5.32
WACC vs ROIC
9.55%
-66.18%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) -156.02
DVN's Operating margin (%) is ranked lower than
67% of the 447 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -59.62 vs. DVN: -156.02 )
Ranked among companies with meaningful Operating margin (%) only.
DVN' s Operating margin (%) Range Over the Past 10 Years
Min: -157.68  Med: 23.93 Max: 42.5
Current: -156.02
-157.68
42.5
Net-margin (%) -115.87
DVN's Net-margin (%) is ranked lower than
60% of the 447 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -68.47 vs. DVN: -115.87 )
Ranked among companies with meaningful Net-margin (%) only.
DVN' s Net-margin (%) Range Over the Past 10 Years
Min: -109.96  Med: 4.01 Max: 45.77
Current: -115.87
-109.96
45.77
ROE (%) -119.28
DVN's ROE (%) is ranked lower than
84% of the 466 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -23.85 vs. DVN: -119.28 )
Ranked among companies with meaningful ROE (%) only.
DVN' s ROE (%) Range Over the Past 10 Years
Min: -101.15  Med: 3.78 Max: 26.13
Current: -119.28
-101.15
26.13
ROA (%) -38.97
DVN's ROA (%) is ranked lower than
75% of the 507 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -13.34 vs. DVN: -38.97 )
Ranked among companies with meaningful ROA (%) only.
DVN' s ROA (%) Range Over the Past 10 Years
Min: -36.06  Med: 1.70 Max: 14.53
Current: -38.97
-36.06
14.53
ROC (Joel Greenblatt) (%) -78.02
DVN's ROC (Joel Greenblatt) (%) is ranked lower than
77% of the 491 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -21.88 vs. DVN: -78.02 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
DVN' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: -74.32  Med: 7.97 Max: 21.08
Current: -78.02
-74.32
21.08
Revenue Growth (3Y)(%) 11.20
DVN's Revenue Growth (3Y)(%) is ranked higher than
76% of the 372 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -5.70 vs. DVN: 11.20 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
DVN' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -8.2  Med: 14.40 Max: 45.6
Current: 11.2
-8.2
45.6
EPS Growth (3Y)(%) 322.80
DVN's EPS Growth (3Y)(%) is ranked higher than
98% of the 259 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.60 vs. DVN: 322.80 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
DVN' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -57.7  Med: 14.80 Max: 322.8
Current: 322.8
-57.7
322.8
» DVN's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-08-05)


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q2 2015

DVN Guru Trades in Q2 2015

Paul Tudor Jones 27,804 sh (New)
Louis Moore Bacon 290,000 sh (New)
Jim Simons 378,300 sh (New)
Daniel Loeb 3,750,000 sh (New)
Pioneer Investments 1,505,012 sh (+76.87%)
Diamond Hill Capital 3,235,373 sh (+2.56%)
Richard Snow 227,794 sh (+1.60%)
Michael Price 30,000 sh (unchged)
Tweedy Browne Global Value 1,258,435 sh (unchged)
Ruane Cunniff Sold Out
T Boone Pickens Sold Out
Chris Davis 208,980 sh (-0.09%)
Tweedy Browne 4,152,246 sh (-0.26%)
Arnold Schneider 14,937 sh (-1.16%)
First Eagle Investment 8,140,795 sh (-1.22%)
Jeremy Grantham 206,800 sh (-3.05%)
Ray Dalio 106,600 sh (-4.05%)
Mario Gabelli 154,500 sh (-6.82%)
Third Avenue Management 1,553,359 sh (-11.61%)
Ken Fisher 3,872 sh (-24.40%)
David Dreman 33,936 sh (-25.05%)
Steven Cohen 1,044,105 sh (-56.61%)
Martin Whitman 1,113,206 sh (-10.63%)
» More
Q3 2015

DVN Guru Trades in Q3 2015

Richard Snow 1,203,129 sh (+428.17%)
Michael Price 40,000 sh (+33.33%)
First Eagle Investment 9,649,583 sh (+18.53%)
Ray Dalio 117,700 sh (+10.41%)
Chris Davis 226,271 sh (+8.27%)
Tweedy Browne Global Value 1,258,435 sh (unchged)
Paul Tudor Jones 10,700 sh (unchged)
Ken Fisher Sold Out
Pioneer Investments Sold Out
Daniel Loeb Sold Out
David Dreman 33,821 sh (-0.34%)
Arnold Schneider 14,458 sh (-3.21%)
Tweedy Browne 4,018,419 sh (-3.22%)
Signature Select Canadian Fund 115,000 sh (-4.25%)
Mario Gabelli 142,900 sh (-7.51%)
Paul Tudor Jones 22,076 sh (-20.60%)
Third Avenue Management 1,119,426 sh (-27.94%)
Jim Simons 242,800 sh (-35.82%)
Steven Cohen 650,900 sh (-37.66%)
Jeremy Grantham 94,600 sh (-54.26%)
Diamond Hill Capital 1,377,485 sh (-57.42%)
Louis Moore Bacon 50,000 sh (-82.76%)
Martin Whitman 943,606 sh (-15.24%)
» More
Q4 2015

DVN Guru Trades in Q4 2015

Louis Moore Bacon 225,000 sh (+350.00%)
Michael Price 70,000 sh (+75.00%)
Chris Davis 334,830 sh (+47.98%)
Ray Dalio 125,805 sh (+6.89%)
Tweedy Browne Global Value 1,258,435 sh (unchged)
Jeremy Grantham 94,600 sh (unchged)
Jim Simons Sold Out
Steven Cohen Sold Out
Arnold Schneider Sold Out
First Eagle Investment 9,582,408 sh (-0.70%)
Third Avenue Management 1,096,747 sh (-2.03%)
Mario Gabelli 135,650 sh (-5.07%)
Tweedy Browne 3,794,109 sh (-5.58%)
Richard Snow 1,117,458 sh (-7.12%)
David Dreman 26,218 sh (-22.48%)
Paul Tudor Jones 16,834 sh (-23.75%)
Diamond Hill Capital 329,489 sh (-76.08%)
Martin Whitman 726,506 sh (-23.01%)
» More
Q1 2016

DVN Guru Trades in Q1 2016

Caxton Associates 85,000 sh (New)
Arnold Van Den Berg 210,925 sh (New)
Steven Cohen 110,000 sh (New)
Jim Simons 1,661,700 sh (New)
Richard Snow 1,842,791 sh (+64.91%)
Ray Dalio 166,500 sh (+32.35%)
Mario Gabelli 149,400 sh (+10.14%)
David Dreman 26,740 sh (+1.99%)
First Eagle Investment 9,667,952 sh (+0.89%)
Chris Davis 335,430 sh (+0.18%)
Martin Whitman 780,306 sh (+7.41%)
Tweedy Browne Global Value 1,258,435 sh (unchged)
Michael Price 70,000 sh (unchged)
Paul Tudor Jones 17,800 sh (unchged)
Paul Tudor Jones 15,300 sh (unchged)
Diamond Hill Capital Sold Out
Tweedy Browne 3,792,014 sh (-0.06%)
Louis Moore Bacon 224,000 sh (-0.44%)
Paul Tudor Jones 16,133 sh (-4.16%)
Third Avenue Management 1,034,672 sh (-5.66%)
Jeremy Grantham 14,400 sh (-84.78%)
» More
» Details

Insider Trades

Latest Guru Trades with DVN

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Oil & Gas - E&P » Oil & Gas E&P
Compare:NYSE:OXY, NYSE:COP, HKSE:00883, NYSE:EOG, TSX:CNQ, LSE:NVTK » details
Traded in other countries:DY6.Germany, DVN.Mexico,
Devon Energy Corporation is an independent energy company engaged in the exploration, development and production of oil, natural gas and NGLs.

Devon Energy Corporation is a Delaware corporation formed in 1971 and incorporated on May 18, 1999. It is an independent energy company engaged in the exploration, development and production of oil, natural gas and NGLs. The Company's operations are concentrated in various North American onshore areas in the U.S. and Canada. It also own natural gas pipelines, plants and treatment facilities in many of its producing areas, making it one of North America's processors of natural gas. Its marketing and midstream revenues are mainly generated by: selling NGLs that are either extracted from the gas streams processed by its plants or purchased from third parties for marketing, and selling or gathering gas that moves through its transport pipelines and unrelated third-party pipelines. The Company's marketing and midstream costs and expenses are mainly incurred from: purchasing the gas streams entering its transport pipelines and plants; purchasing fuel needed to operate its plants, compressors and related pipeline facilities; purchasing third-party NGLs; operating its plants, gathering systems and related facilities; and transporting products on unrelated third-party pipelines. The Company's oil and gas operations are subject to various federal, state, provincial, tribal and local laws and regulations. Its operations also are subject to conservation regulations, including the regulation of the size of drilling and spacing units or proration units; the number of wells that may be drilled in a unit; the rate of production allowable from oil and gas wells; and the unitization or pooling of oil and gas properties.

Guru Investment Theses on Devon Energy Corp

Third Avenue Value Fund Comments on Devon Energy Corp - Sep 12, 2014

Devon (DVN) has benefitted from the merger of Crosstex Energy with Devon’s midstream assets to form the EnLink MLP which strategically unlocked billions of dollars of value that was hidden in these assets. Devon now is focused on the development and optimization of its five premier asset plays, including its prolific Eagle Ford assets and its Permian basin acreage. These actions have transformed Devon from a primarily natural gas producer to a more balanced oil and gas company.



From Third Avenue Value Fund’s Third Quarter 2014 Commentary.



Check out Martin Whitman latest stock trades

Ratios

vs
industry
vs
history
Forward P/E 40.16
DVN's Forward P/E is ranked lower than
57% of the 103 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 29.76 vs. DVN: 40.16 )
Ranked among companies with meaningful Forward P/E only.
N/A
P/B 3.01
DVN's P/B is ranked lower than
83% of the 446 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.95 vs. DVN: 3.01 )
Ranked among companies with meaningful P/B only.
DVN' s P/B Range Over the Past 10 Years
Min: 0.96  Med: 1.63 Max: 3.01
Current: 3.01
0.96
3.01
P/S 1.27
DVN's P/S is ranked higher than
64% of the 434 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.00 vs. DVN: 1.27 )
Ranked among companies with meaningful P/S only.
DVN' s P/S Range Over the Past 10 Years
Min: 0.58  Med: 2.58 Max: 4.6
Current: 1.27
0.58
4.6
POCF 3.81
DVN's POCF is ranked higher than
62% of the 309 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 5.26 vs. DVN: 3.81 )
Ranked among companies with meaningful POCF only.
DVN' s POCF Range Over the Past 10 Years
Min: 1.41  Med: 4.78 Max: 7.69
Current: 3.81
1.41
7.69
Current Ratio 1.13
DVN's Current Ratio is ranked lower than
56% of the 489 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.35 vs. DVN: 1.13 )
Ranked among companies with meaningful Current Ratio only.
DVN' s Current Ratio Range Over the Past 10 Years
Min: 0.62  Med: 1.22 Max: 3.32
Current: 1.13
0.62
3.32
Quick Ratio 1.13
DVN's Quick Ratio is ranked lower than
53% of the 489 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.32 vs. DVN: 1.13 )
Ranked among companies with meaningful Quick Ratio only.
DVN' s Quick Ratio Range Over the Past 10 Years
Min: 0.62  Med: 1.21 Max: 3.23
Current: 1.13
0.62
3.23
Days Sales Outstanding 25.14
DVN's Days Sales Outstanding is ranked higher than
77% of the 397 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 40.81 vs. DVN: 25.14 )
Ranked among companies with meaningful Days Sales Outstanding only.
DVN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 24.49  Med: 44.04 Max: 57.15
Current: 25.14
24.49
57.15
Days Payable 24.64
DVN's Days Payable is ranked lower than
80% of the 256 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 79.55 vs. DVN: 24.64 )
Ranked among companies with meaningful Days Payable only.
DVN' s Days Payable Range Over the Past 10 Years
Min: 38.8  Med: 153.67 Max: 169.08
Current: 24.64
38.8
169.08

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.63
DVN's Dividend Yield is ranked lower than
65% of the 323 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 4.17 vs. DVN: 2.63 )
Ranked among companies with meaningful Dividend Yield only.
DVN' s Dividend Yield Range Over the Past 10 Years
Min: 0.4  Med: 1.00 Max: 5.15
Current: 2.63
0.4
5.15
Dividend Growth (3y) 6.30
DVN's Dividend Growth (3y) is ranked higher than
67% of the 92 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -3.80 vs. DVN: 6.30 )
Ranked among companies with meaningful Dividend Growth (3y) only.
DVN' s Dividend Growth (3y) Range Over the Past 10 Years
Min: 0  Med: 10.10 Max: 65.1
Current: 6.3
0
65.1
Forward Dividend Yield 0.70
DVN's Forward Dividend Yield is ranked lower than
64% of the 242 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.80 vs. DVN: 0.70 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 4.10
DVN's Yield on cost (5-Year) is ranked lower than
51% of the 382 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 4.35 vs. DVN: 4.10 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
DVN' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0.62  Med: 1.56 Max: 8.03
Current: 4.1
0.62
8.03
3-Year Average Share Buyback Ratio -1.00
DVN's 3-Year Average Share Buyback Ratio is ranked higher than
76% of the 369 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -9.20 vs. DVN: -1.00 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
DVN' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -58.5  Med: -0.40 Max: 3.1
Current: -1
-58.5
3.1

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 34.38
DVN's Price/Tangible Book is ranked lower than
98% of the 423 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.03 vs. DVN: 34.38 )
Ranked among companies with meaningful Price/Tangible Book only.
DVN' s Price/Tangible Book Range Over the Past 10 Years
Min: 1.24  Med: 2.47 Max: 25.96
Current: 34.38
1.24
25.96
Price/Median PS Value 0.49
DVN's Price/Median PS Value is ranked higher than
64% of the 386 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.70 vs. DVN: 0.49 )
Ranked among companies with meaningful Price/Median PS Value only.
DVN' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.36  Med: 0.94 Max: 1.74
Current: 0.49
0.36
1.74
Earnings Yield (Greenblatt) (%) -55.18
DVN's Earnings Yield (Greenblatt) (%) is ranked lower than
75% of the 527 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -12.50 vs. DVN: -55.18 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
DVN' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: -56.89  Med: 11.05 Max: 25
Current: -55.18
-56.89
25
Forward Rate of Return (Yacktman) (%) -30.56
DVN's Forward Rate of Return (Yacktman) (%) is ranked lower than
69% of the 173 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -14.18 vs. DVN: -30.56 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
DVN' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -22.3  Med: -0.40 Max: 43.2
Current: -30.56
-22.3
43.2

More Statistics

Revenue (TTM) (Mil) $12,006
EPS (TTM) $ -33.08
Beta1.68
Short Percentage of Float3.11%
52-Week Range $18.07 - 67.47
Shares Outstanding (Mil)524.00

Analyst Estimate

Dec16 Dec17 Dec18
Revenue (Mil $) 7,386 4,827 6,464
EPS ($) -1.55 0.86 1.45
EPS without NRI ($) -1.55 0.86 1.45
EPS Growth Rate
(3Y to 5Y Estimate)
0.28%
» More Articles for DVN

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