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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.



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Top Ranked Articles about Devon Energy Corp

Third Avenue Value Fund Comments on Devon Energy Corp
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. Read more...
» More Articles for DVN

Ratios

vs
industry
vs
history
P/E(ttm) 11.40
DVN's P/E(ttm) is ranked higher than
91% of the 1298 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 9999.00 vs. DVN: 11.40 )
DVN' s 10-Year P/E(ttm) Range
Min: 4.5   Max: 58.99
Current: 11.4

4.5
58.99
P/B 1.13
DVN's P/B is ranked higher than
77% of the 1298 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.12 vs. DVN: 1.13 )
DVN' s 10-Year P/B Range
Min: 0.96   Max: 2.41
Current: 1.13

0.96
2.41
P/S 1.54
DVN's P/S is ranked higher than
86% of the 1298 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.89 vs. DVN: 1.54 )
DVN' s 10-Year P/S Range
Min: 1.34   Max: 4.6
Current: 1.54

1.34
4.6
EV-to-EBIT 7.85
DVN's EV-to-EBIT is ranked higher than
92% of the 1298 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 55.25 vs. DVN: 7.85 )
DVN' s 10-Year EV-to-EBIT Range
Min: -21.9   Max: 281.1
Current: 7.85

-21.9
281.1
Shiller P/E 117.49
DVN's Shiller P/E is ranked higher than
89% of the 1298 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 9999.00 vs. DVN: 117.49 )
DVN' s 10-Year Shiller P/E Range
Min: 8.42   Max: 121.23
Current: 117.49

8.42
121.23
Current Ratio 1.00
DVN's Current Ratio is ranked higher than
74% of the 1168 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.17 vs. DVN: 1.00 )
DVN' s 10-Year Current Ratio Range
Min: 0.62   Max: 3.32
Current: 1

0.62
3.32
Quick Ratio 1.00
DVN's Quick Ratio is ranked higher than
75% of the 1168 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.12 vs. DVN: 1.00 )
DVN' s 10-Year Quick Ratio Range
Min: 0.62   Max: 3.23
Current: 1

0.62
3.23

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.53
DVN's Dividend Yield is ranked lower than
80% of the 354 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 4.60 vs. DVN: 1.53 )
DVN' s 10-Year Dividend Yield Range
Min: 0.34   Max: 1.74
Current: 1.53

0.34
1.74
Dividend Payout 0.17
DVN's Dividend Payout is ranked higher than
98% of the 1298 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 9999.00 vs. DVN: 0.17 )
DVN' s 10-Year Dividend Payout Range
Min: 0.02   Max: 0.6
Current: 0.17

0.02
0.6
Dividend growth (3y) 10.40
DVN's Dividend growth (3y) is ranked higher than
88% of the 212 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 5.50 vs. DVN: 10.40 )
DVN' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 65.1
Current: 10.4

0
65.1
Yield on cost (5-Year) 2.41
DVN's Yield on cost (5-Year) is ranked lower than
73% of the 364 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 5.20 vs. DVN: 2.41 )
DVN' s 10-Year Yield on cost (5-Year) Range
Min: 0.51   Max: 2.62
Current: 2.41

0.51
2.62
Share Buyback Rate 2.70
DVN's Share Buyback Rate is ranked higher than
98% of the 904 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -7.20 vs. DVN: 2.70 )
DVN' s 10-Year Share Buyback Rate Range
Min: 3.4   Max: -47.1
Current: 2.7

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.81
DVN's Price/Tangible Book is ranked higher than
74% of the 1298 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.33 vs. DVN: 1.81 )
DVN' s 10-Year Price/Tangible Book Range
Min: 1.24   Max: 8.07
Current: 1.81

1.24
8.07
Price/Median PS Value 0.60
DVN's Price/Median PS Value is ranked higher than
81% of the 1298 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.72 vs. DVN: 0.60 )
DVN' s 10-Year Price/Median PS Value Range
Min: 0.54   Max: 1.89
Current: 0.6

0.54
1.89
Price/Graham Number 0.94
DVN's Price/Graham Number is ranked higher than
90% of the 1298 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 9999.00 vs. DVN: 0.94 )
DVN' s 10-Year Price/Graham Number Range
Min: 0.55   Max: 5.05
Current: 0.94

0.55
5.05
Earnings Yield (Greenblatt) 12.70
DVN's Earnings Yield (Greenblatt) is ranked higher than
91% of the 1170 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.00 vs. DVN: 12.70 )
DVN' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.4   Max: 27.4
Current: 12.7

0.4
27.4
Forward Rate of Return (Yacktman) 16.67
DVN's Forward Rate of Return (Yacktman) is ranked higher than
88% of the 470 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.28 vs. DVN: 16.67 )
DVN' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -7.6   Max: 47.9
Current: 16.67

-7.6
47.9

Business Description

Industry: Oil & Gas - E&P » Oil & Gas E&P
Compare:OJSCY, APC, APA, HRTPY, SGTZY » details
Traded in other countries:DY6.Germany,
Devon Energy Corporation is a Delaware corporation formed in 1971. 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.
» More Articles for DVN

Headlines

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