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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 : 6/10

vs
industry
vs
history
Cash to Debt 0.28
DVN's Cash to Debt is ranked higher than
71% of the 1023 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.55 vs. DVN: 0.28 )
DVN' s 10-Year Cash to Debt Range
Min: 0.01   Max: No Debt
Current: 0.28

Equity to Asset 0.44
DVN's Equity to Asset is ranked higher than
70% of the 995 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.55 vs. DVN: 0.44 )
DVN' s 10-Year Equity to Asset Range
Min: 0.25   Max: 0.65
Current: 0.44

0.25
0.65
Interest Coverage 1.49
DVN's Interest Coverage is ranked higher than
59% of the 683 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 18.20 vs. DVN: 1.49 )
DVN' s 10-Year Interest Coverage Range
Min: 0.4   Max: 13.15
Current: 1.49

0.4
13.15
F-Score: 5
Z-Score: 1.61
M-Score: -2.39
WACC vs ROIC
8.95%
8.69%
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 : 8/10

vs
industry
vs
history
Operating margin (%) 30.15
DVN's Operating margin (%) is ranked higher than
89% of the 1015 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 11.63 vs. DVN: 30.15 )
DVN' s 10-Year Operating margin (%) Range
Min: -56.47   Max: 47.94
Current: 30.15

-56.47
47.94
Net-margin (%) 13.72
DVN's Net-margin (%) is ranked higher than
84% of the 1015 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 4.60 vs. DVN: 13.72 )
DVN' s 10-Year Net-margin (%) Range
Min: -66.36   Max: 45.77
Current: 13.72

-66.36
45.77
ROE (%) 10.56
DVN's ROE (%) is ranked higher than
87% of the 1101 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.64 vs. DVN: 10.56 )
DVN' s 10-Year ROE (%) Range
Min: -56.13   Max: 26.13
Current: 10.56

-56.13
26.13
ROA (%) 4.66
DVN's ROA (%) is ranked higher than
86% of the 1136 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.08 vs. DVN: 4.66 )
DVN' s 10-Year ROA (%) Range
Min: -30.07   Max: 14.53
Current: 4.66

-30.07
14.53
ROC (Joel Greenblatt) (%) 14.71
DVN's ROC (Joel Greenblatt) (%) is ranked higher than
92% of the 1121 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.42 vs. DVN: 14.71 )
DVN' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -28.19   Max: 28.92
Current: 14.71

-28.19
28.92
Revenue Growth (3Y)(%) 4.30
DVN's Revenue Growth (3Y)(%) is ranked higher than
76% of the 738 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 9.60 vs. DVN: 4.30 )
DVN' s 10-Year Revenue Growth (3Y)(%) Range
Min: -6.1   Max: 30.4
Current: 4.3

-6.1
30.4
EBITDA Growth (3Y)(%) -14.70
DVN's EBITDA Growth (3Y)(%) is ranked higher than
71% of the 687 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 5.20 vs. DVN: -14.70 )
DVN' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -17.3   Max: 44.2
Current: -14.7

-17.3
44.2
» DVN's 10-Y Financials

Financials


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

» Details

Guru Trades

Q1 2014

DVN Guru Trades in Q1 2014

George Soros 758,160 sh (New)
T Boone Pickens 24,000 sh (New)
Signature Select Canadian Fund 117,600 sh (New)
Jim Simons 758,300 sh (+6610.62%)
David Dreman 54,459 sh (+108.18%)
Paul Tudor Jones 13,622 sh (+51.36%)
Steven Cohen 2,047,822 sh (+48.57%)
Diamond Hill Capital 2,686,413 sh (+46.11%)
Jeremy Grantham 23,400 sh (+30%)
Ruane Cunniff 5,955 sh (+25.5%)
Ken Fisher 3,696 sh (+8.1%)
Jean-Marie Eveillard 7,993,837 sh (+0.64%)
Chris Davis 191,707 sh (+0.04%)
Tweedy Browne Global Value 1,258,435 sh (unchged)
Charles de Vaulx 4,097,287 sh (unchged)
Tweedy Browne 4,233,015 sh (-0.06%)
Mario Gabelli 200,550 sh (-0.2%)
Richard Snow 66,046 sh (-5.68%)
Pioneer Investments 3,315 sh (-8.27%)
Third Avenue Management 2,562,708 sh (-17.74%)
Alan Fournier 350,000 sh (-22.05%)
Bill Nygren 2,002,000 sh (-37.48%)
Arnold Schneider 105,661 sh (-40.46%)
Ray Dalio 73,500 sh (-71.64%)
Martin Whitman 1,650,606 sh (-3.24%)
» More
Q2 2014

DVN Guru Trades in Q2 2014

Louis Moore Bacon 60,000 sh (New)
Stanley Druckenmiller 207,500 sh (New)
Pioneer Investments 283,590 sh (+8454.75%)
Jeremy Grantham 350,500 sh (+1397.86%)
Diamond Hill Capital 4,282,218 sh (+59.4%)
Richard Snow 66,411 sh (+0.55%)
Jean-Marie Eveillard 8,034,285 sh (+0.51%)
Ray Dalio 73,500 sh (unchged)
Steven Cohen 1,332,330 sh (unchged)
Tweedy Browne Global Value 1,258,435 sh (unchged)
T Boone Pickens Sold Out
George Soros Sold Out
Chris Davis 191,620 sh (-0.05%)
Tweedy Browne 4,209,889 sh (-0.55%)
Arnold Schneider 103,531 sh (-2.02%)
Jim Simons 727,900 sh (-4.01%)
Mario Gabelli 189,950 sh (-5.29%)
Paul Tudor Jones 12,232 sh (-10.2%)
Ken Fisher 3,286 sh (-11.09%)
Third Avenue Management 2,071,231 sh (-19.18%)
David Dreman 37,344 sh (-31.43%)
Ruane Cunniff 3,645 sh (-38.79%)
Charles de Vaulx 2,456,596 sh (-40.04%)
Alan Fournier 200,000 sh (-42.86%)
Bill Nygren 495,000 sh (-75.27%)
Martin Whitman 1,370,606 sh (-16.96%)
» More
Q3 2014

DVN Guru Trades in Q3 2014

Ray Dalio 185,039 sh (+151.75%)
Steven Cohen 2,709,800 sh (+103.39%)
Alan Fournier 296,000 sh (+48%)
Jim Simons 1,049,800 sh (+44.22%)
Ken Fisher 4,096 sh (+24.65%)
Diamond Hill Capital 4,679,710 sh (+9.28%)
David Dreman 40,420 sh (+8.24%)
Signature Select Canadian Fund 121,100 sh (+2.98%)
Jean-Marie Eveillard 8,112,497 sh (+0.97%)
Ruane Cunniff 3,645 sh (unchged)
Tweedy Browne Global Value 1,258,435 sh (unchged)
Bill Nygren Sold Out
Stanley Druckenmiller Sold Out
Paul Tudor Jones Sold Out
Louis Moore Bacon Sold Out
Tweedy Browne 4,193,253 sh (-0.4%)
Richard Snow 65,456 sh (-1.44%)
Arnold Schneider 102,031 sh (-1.45%)
Mario Gabelli 187,100 sh (-1.5%)
Pioneer Investments 274,885 sh (-3.07%)
Chris Davis 181,620 sh (-5.22%)
Third Avenue Management 1,783,534 sh (-13.89%)
Charles de Vaulx 2,026,342 sh (-17.51%)
Jeremy Grantham 214,586 sh (-38.78%)
Martin Whitman 1,245,606 sh (-9.12%)
» More
Q4 2014

DVN Guru Trades in Q4 2014

Ken Fisher 5,656 sh (+38.09%)
Tweedy Browne Global Value 1,258,435 sh (unchged)
Martin Whitman 1,245,606 sh (unchged)
» 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%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ken Fisher 2014-12-31 Add 38.09%$52.66 - $67.2 $ 60.270%5656
Third Avenue Management 2014-09-30 Reduce -13.89%0.44%$68.7 - $79.4 $ 60.27-19%1783534
Bill Nygren 2014-09-30 Sold Out 0.28%$68.7 - $79.4 $ 60.27-19%0
Ray Dalio 2014-09-30 Add 151.75%0.06%$68.7 - $79.4 $ 60.27-19%185039
Ken Fisher 2014-09-30 Add 24.65%$68.7 - $79.4 $ 60.27-19%4096
Martin Whitman 2014-07-31 Reduce -9.12%0.42%$70.19 - $79.5 $ 60.27-20%1245606
T Boone Pickens 2014-06-30 Sold Out 1.4%$67.55 - $79.5 $ 60.27-17%0
Bill Nygren 2014-06-30 Reduce -75.27%0.83%$67.55 - $79.5 $ 60.27-17%495000
Third Avenue Management 2014-06-30 Reduce -19.18%0.63%$67.55 - $79.5 $ 60.27-17%2071231
George Soros 2014-06-30 Sold Out 0.5%$67.55 - $79.5 $ 60.27-17%0
David Dreman 2014-06-30 Reduce -31.43%0.09%$67.55 - $79.5 $ 60.27-17%37344
Ruane Cunniff 2014-06-30 Reduce -38.79%$67.55 - $79.5 $ 60.27-17%3645
Martin Whitman 2014-04-30 Reduce -16.96%0.8%$57.85 - $71.91 $ 60.27-7%1370606
T Boone Pickens 2014-03-31 New Buy1.4%$57.85 - $65.79 $ 60.27-3%24000
Bill Nygren 2014-03-31 Reduce -37.48%0.64%$57.85 - $65.79 $ 60.27-3%2002000
Third Avenue Management 2014-03-31 Reduce -17.74%0.62%$57.85 - $65.79 $ 60.27-3%2562708
George Soros 2014-03-31 New Buy0.5%$57.85 - $65.79 $ 60.27-3%758160
Arnold Schneider 2014-03-31 Reduce -40.46%0.4%$57.85 - $65.79 $ 60.27-3%105661
David Dreman 2014-03-31 Add 108.18%0.15%$57.85 - $65.79 $ 60.27-3%54459
Ray Dalio 2014-03-31 Reduce -71.64%0.09%$57.85 - $65.79 $ 60.27-3%73500
Ruane Cunniff 2014-03-31 Add 25.5%$57.85 - $65.79 $ 60.27-3%5955
Martin Whitman 2014-01-31 Reduce -3.24%0.15%$58.67 - $64.46 $ 60.27-1%1650606
Premium More recent guru trades are included for Premium Members only!!
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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.



Check out Martin Whitman latest stock trades

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...

Ratios

vs
industry
vs
history
P/E(ttm) 11.20
DVN's P/E(ttm) is ranked higher than
91% of the 1283 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.00 vs. DVN: 11.20 )
DVN' s 10-Year P/E(ttm) Range
Min: 4.5   Max: 58.99
Current: 11.2

4.5
58.99
Forward P/E 21.19
DVN's Forward P/E is ranked higher than
89% of the 1283 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.00 vs. DVN: 21.19 )
N/A
PE(NRI) 11.00
DVN's PE(NRI) is ranked higher than
92% of the 1283 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.00 vs. DVN: 11.00 )
DVN' s 10-Year PE(NRI) Range
Min: 5.54   Max: 38.25
Current: 11

5.54
38.25
P/B 1.11
DVN's P/B is ranked higher than
77% of the 1283 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.02 vs. DVN: 1.11 )
DVN' s 10-Year P/B Range
Min: 0.96   Max: 2.41
Current: 1.11

0.96
2.41
P/S 1.52
DVN's P/S is ranked higher than
85% of the 1283 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.92 vs. DVN: 1.52 )
DVN' s 10-Year P/S Range
Min: 1.34   Max: 4.6
Current: 1.52

1.34
4.6
POCF 3.81
DVN's POCF is ranked higher than
87% of the 1283 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 8.50 vs. DVN: 3.81 )
DVN' s 10-Year POCF Range
Min: 2.06   Max: 7.74
Current: 3.81

2.06
7.74
EV-to-EBIT 7.76
DVN's EV-to-EBIT is ranked higher than
91% of the 1283 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 68.54 vs. DVN: 7.76 )
DVN' s 10-Year EV-to-EBIT Range
Min: -21.9   Max: 281.1
Current: 7.76

-21.9
281.1
Shiller P/E 116.01
DVN's Shiller P/E is ranked higher than
89% of the 1283 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.00 vs. DVN: 116.01 )
DVN' s 10-Year Shiller P/E Range
Min: 9.57   Max: 139.88
Current: 116.01

9.57
139.88
Current Ratio 1.00
DVN's Current Ratio is ranked higher than
74% of the 1120 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.20 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 1120 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.14 vs. DVN: 1.00 )
DVN' s 10-Year Quick Ratio Range
Min: 0.62   Max: 3.23
Current: 1

0.62
3.23
Days Sales Outstanding 35.20
DVN's Days Sales Outstanding is ranked higher than
90% of the 1283 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 67.14 vs. DVN: 35.20 )
DVN' s 10-Year Days Sales Outstanding Range
Min: 34.24   Max: 90.25
Current: 35.2

34.24
90.25

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.56
DVN's Dividend Yield is ranked lower than
81% of the 359 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 4.94 vs. DVN: 1.56 )
DVN' s 10-Year Dividend Yield Range
Min: 0.4   Max: 1.74
Current: 1.56

0.4
1.74
Dividend Payout 0.17
DVN's Dividend Payout is ranked higher than
98% of the 1283 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.00 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 211 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
74% of the 369 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 5.50 vs. DVN: 2.41 )
DVN' s 10-Year Yield on cost (5-Year) Range
Min: 0.6   Max: 2.62
Current: 2.41

0.6
2.62
Share Buyback Rate 2.70
DVN's Share Buyback Rate is ranked higher than
98% of the 849 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -7.10 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 1.78
DVN's Price/Tangible Book is ranked higher than
73% of the 1283 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.30 vs. DVN: 1.78 )
DVN' s 10-Year Price/Tangible Book Range
Min: 1.24   Max: 8.07
Current: 1.78

1.24
8.07
Price/Median PS Value 0.58
DVN's Price/Median PS Value is ranked higher than
81% of the 1283 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.71 vs. DVN: 0.58 )
DVN' s 10-Year Price/Median PS Value Range
Min: 0.54   Max: 1.94
Current: 0.58

0.54
1.94
Price/Graham Number 0.93
DVN's Price/Graham Number is ranked higher than
90% of the 1283 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.00 vs. DVN: 0.93 )
DVN' s 10-Year Price/Graham Number Range
Min: 0.55   Max: 5.05
Current: 0.93

0.55
5.05
Earnings Yield (Greenblatt) 12.90
DVN's Earnings Yield (Greenblatt) is ranked higher than
90% of the 1116 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.80 vs. DVN: 12.90 )
DVN' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.4   Max: 27.4
Current: 12.9

0.4
27.4
Forward Rate of Return (Yacktman) 16.73
DVN's Forward Rate of Return (Yacktman) is ranked higher than
89% of the 446 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.98 vs. DVN: 16.73 )
DVN' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -7.6   Max: 47.9
Current: 16.73

-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

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