Insider buying last 90 days
$200Kin 1 open-market purchase
| Filed | Insider | Type | Value |
|---|---|---|---|
| Sep 14 | Gaspar Clay M director, officer: PRESIDENT AND CEO | Purchase | $200K |
From Form 4 filings, dated to when each was filed.
NYSE: DVN
Devon Energy (DVN) Stock Analysis & Forecast
$48.61−0.11 (−0.2%)
Close on Sep 18, 2026. Page updated Sep 19, 9:19 pm ET.
Gekko Brief
AI summaryDevon Energy trades at $48.61, down 0.2% on the day, sitting above both its 50-day average of $46.22 and 200-day average of $44.11. The GekkoIndex reads 56.5, placing the stock in the Neutral zone. Price remains 30.2% below Gekko Fair Value of $69.63, a gap wide enough to draw attention.
This week's activity centers on institutional positioning and an analyst rating change. Corient Private Wealth LP raised its stake by 62.1% to 214,019 shares valued at $8.84 million, while Bank of America Corp DE established a new position of 10,194,233 shares worth approximately $421.2 million, about 0.93% ownership. RFG Advisory LLC reduced its holding by 69.8% to 10,013 shares worth $414,000. Separately, an upgrade to Buy cited Permian scale and a $72 DCF target with 45% upside, attributing recent underperformance versus peers to non-core asset dilution, with divestitures anticipated by November. A Solitude Pipeline announcement was also noted as adding Permian gas takeaway capacity for Devon and Diamondback.
The next earnings date falls on 4 November 2026, 45 days out and outside a typical 20-trading-day hold; the prior report on 4 August showed EPS of $1.57 against a $1.30 estimate, with a -5.6% reaction, and Devon has beaten estimates in 5 of the last 8 quarters. Smart money shows one open-market insider purchase valued at $199,876 over the last 90 days. Seasonality over five years shows the next 20 trading days averaging +9.2%, positive in 4 of those years. Analyst consensus stands at 17 buy, 1 hold, 0 sell, with a $60.43 target.
Written by AI and checked automatically against the figures on this page. Generated Sep 20, 2026 from the data above.
Price vs fair value
Close $48.61200-day averageGekko Fair Value $69.63
Key stats
- Market cap
- $53.47B
- P/E ratio
- 10.5
- Forward P/E
- 9.6
- EPS, TTM
- $4.63
- Revenue, TTM
- $18.78B
- Profit margin
- 17.5%
- Dividend yield
- 2.15%
- Beta
- 0.43
- Volume
- 39.55M avg 11.52M
- 1-year return
- +37.3%
- Typical daily move
- ±2.8%
- Typical 20-day move
- ±6.5%
- 50-day average
- $46.22
- 200-day average
- $44.11
- Next earnings
- Nov 4
- Shares outstanding
- 1.10B
Devon Energy swing-trade checklist
Devon Energy scores 5 supportive, 1 mixed and 0 headwinds across the 6 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
5 supportive1 mixed0 headwinds
- Trendsupportive
Above 50 and 200-day
Close $48.61 is above the 50-day ($46.22) and 200-day ($44.11) averages, and the 50-day is above the 200-day.
See the chart - GekkoIndexmixed
56.5, Neutral
Reading 56.5 is in the Neutral zone.
See the GekkoIndex - Fair valuesupportive
30.2% below
Price is 30.2% below Gekko Fair Value (more than 5% below).
See fair value - Smart moneysupportive
Leans bullish
Last 90 days: 1 open-market insider purchase.
See smart money - Earnings risksupportive
Reports in 45 days
Next report Nov 4, 2026, 45 days away — outside a typical 20-trading-day hold.
See earnings - Seasonalitysupportive
+9.2% on average
From this point in the calendar, the next 20 trading days averaged +9.2% over 5 years, rising in 4 of them.
See seasonality
A description of current data, not a recommendation. How this page works
Devon Energy stock chart and price history
Devon Energy closed at $48.61 on Sep 18, 2026, +37.3% over the past year, inside a 52-week range of $31.47 to $52.71.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- +0.9%
- 3 months
- +15.4%
- 6 months
- −0.4%
- 1 year
- +37.3%
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About Devon Energy
Devon Energy operates as an independent producer of energy, working to locate, develop and bring to market oil, natural gas and natural gas liquids across the United States. The company is best known for the scale of its well operations, overseeing roughly 5,134 gross wells as part of this work.
Its business centers on the physical extraction and production side of the energy chain rather than refining or retail distribution, with output drawn from wells spread across its US operating areas.
Devon Energy was established in 1971 and is headquartered in Oklahoma City, Oklahoma. Its shares are listed on the NYSE under the ticker DVN.
- Listed
- NYSE
- Sector
- Energy minerals
- Industry
- Integrated oil
- Website
- devonenergy.com
Devon Energy GekkoIndex: the smart money zone
Devon Energy’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 56.5, in the Neutral zone, up 9.2 points over five sessions.
56.5Neutral
Up 9.2 points over five sessions.
Reading for Sep 18, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days | ||
|---|---|---|---|---|---|
| Buying | 40 | +0.6% | +6.6% | ||
| Accumulation | 223 | +1.0% | 0.0% | ||
| Neutral (current zone) | 353 | −0.3% | +0.5% | ||
| Distribution | 43 | +0.9% | +2.0% | ||
| Selling | 3 | Too few readings yet | |||
Average DVN share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.2% over 20 days. Past behaviour doesn’t guarantee future results.
Neutral zone: No clear directional signal. About the five zones →
See every daily GekkoIndex reading plotted over the DVN price, zone by zone.Track DVN in Gekko
Is Devon Energy stock overvalued? Gekko Fair Value
Devon Energy trades 30.2% below Gekko Fair Value of $69.63, so the shares are undervalued on Gekko’s estimate.
Gekko’s own estimate of what Devon Energy shares are worth, recalculated every trading day.
$69.63
Gekko Fair Value, Sep 19, 2026
30.2% Undervalued
Gekko Fair Value on every chart, with the gap to price updating daily.Open DVN in Gekko
Devon Energy insider and Congress trading
Insiders filed 1 open-market purchase in Devon Energy worth $200K, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in DVN were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for DVN, plotted on the chart in Gekko.Open DVN in Gekko
Buybacks
Devon Energy has been buying back its own shares.
- Bought back, quarter ended Jun 30, 2026
- $197.0M
- As a share of market cap
- 0.37%
- Trailing four quarters
- $766.0M
From company filings.
Hedge funds and billionaires quarter ended Jun 30
2of the funds Gekko tracks hold DVN.
0added2opened0trimmed0sold out
Which funds are on each side, name by name.Unlock in Gekko
Devon Energy earnings: next date and track record
Devon Energy reports on Nov 4, 2026 (45 days away), and beat the EPS estimate in 5 of its last 8 reports.
Next earnings report
Nov 4, 2026
45 days away
- EPS estimate
- $1.18
- Revenue estimate
- $6.37B
5 of 8reports beat the EPS estimate
±3.6%average move across the report
3 of 8reports followed by a gain
Share-price move across each report
Last earnings call, Aug 4, 2026 AI summary
- What they said
- Devon Energy's Second Quarter 2026 earnings call focused on integration progress following the May 7 merger with Coterra, operational execution that exceeded guidance, synergy capture and capital allocation priorities. Management emphasized strong 2Q results (outperforming guidance across key metrics), $1.7 billion of adjusted free cash flow in the quarter, confidence in achieving at least $1.0 billion of identified merger synergies (350+ initiatives), tightened 2026 production guidance ranges, a scaled dividend ($0.32 per share) and resumed buybacks with $7.8 billion remaining authorization. The team highlighted strategic priorities: a rapid portfolio review to maximize shareholder value (update expected in the fall), rolling out a capital-efficient 2027 plan (initial views to be presented on the 3Q call in November), leveraging AI and technology across operations (drilling, completions, production optimization), and scaling technical initiatives such as surfactant trials and gas-lift automation. Management repeatedly stressed disciplined capital allocation (taxes and debt reduction priority on asset sale proceeds, opportunistic/strategic buybacks), strong balance sheet focus with a target around $9 billion of debt by year-end 2027 as a reference, and plans to execute on the Delaware Basin inventory including acreage from a federal lease sale.
- Guidance
- - Tightened 2026 production guidance ranges (management said they tightened ranges but did not provide exact new numeric ranges on the call). - Management expects to deliver $1.0 billion of merger synergies (stated as a floor; upside exists) and will update progress quarterly. - Initial 2027 views and capital plan to be presented on 3Q call in November (soft/iterative guide). - Dividend of $0.32 per share (paid in Q2), with dividend policy targeting 10%-15% of discretionary cash flow. - Buybacks resumed post-close; $7.8 billion remaining share repurchase authorization; buyback program to be deployed dynamically. - Debt target reference: targeting approximately $9 billion of debt by year-end 2027 (may be adjusted depending on asset sales). - Operational pilot scaling: surfactant program to expand (>50 completion trials near term; plans for production-phase surfactant jobs targeting ~20 jobs/month in Delaware), scale AI-enabled gas lift and other tech initiatives.
- Risks flagged
- - Integration and merger execution risks (though management reported strong progress, they acknowledged communications missteps). - Market/commodity and basis risk (Waha basis weakness and takeaway constraints in the Permian; potential volatility with new pipeline capacity; downstream/LNG market variability). - Execution/time risk on synergy realization (management emphasized $1.0B is the credible floor and will wait for financial flow-through). - Potential tax and funding impacts from asset sales (tax bite on proceeds). - Dependence on continued favorable market demand for asset divestitures and buyer appetite; rumor-driven market expectations and share-price pressure. - General forward-looking statement risks as noted in their SEC disclosures.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Aug 4, 2026 | $1.57 est $1.30 | $7.42B est $6.01B | −5.6% |
| May 5, 2026 | $1.04 est $0.79 | $3.81B est $4.34B | −9.1% |
| Feb 17, 2026 | $0.82 est $0.81 | $4.12B est $4.00B | −0.5% |
| Nov 5, 2025 | $1.04 est $0.96 | $4.25B est $4.14B | −0.4% |
| Aug 5, 2025 | $0.84 est $0.86 | $4.05B est $4.03B | +1.6% |
| May 6, 2025 | $1.21 est $1.24 | $4.45B est $4.43B | −1.1% |
| Feb 18, 2025 | $1.16 est $1.00 | $4.62B est $4.21B | +8.5% |
| Nov 5, 2024 | $1.10 est $1.10 | $3.74B est $3.72B | +2.2% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
Devon Energy stock forecast and analyst price targets
Analysts’ average 12-month price target for Devon Energy is $60.43, +24.3% from the last close, from 18 firms rating the stock in the last 90 days.
$60.43consensus 12-month target, +24.3% from the last close
Now $48.61Avg $60.43
Low $44High $67
Each firm’s latest rating in the last 90 days: 18 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Sep 14 | UBS | $63 | +29.6% |
| Sep 14 | Raymond James | $67 | +37.8% |
| Sep 10 | Stifel Nicolaus | $61 | +25.5% |
| Sep 10 | Stifel Nicolaus | $61 | +25.5% |
| Sep 10 | Barclays | $58 | +19.3% |
+0.5%average 20-day move after past Neutral readings
+9.2%average move over the next 20 trading days in the last 5 years
±2.8%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
Devon Energy seasonality: the next 20 trading days
Over the next 20 trading days from Sep 19, Devon Energy averaged +9.2% across the last 5 years, rising in 4 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | +2.3% | 2 of 5 |
| Next 10 trading days | +6.4% | 3 of 5 |
| Next 15 trading days | +8.1% | 3 of 5 |
| Next 20 trading days | +9.2% | 4 of 5 |
| Next 30 trading days | +10.4% | 2 of 5 |
For scale, DVN’s typical 20-trading-day move in either direction is about 6.5%.
Devon Energy market cap and key statistics
Devon Energy’s market cap is $53.47B, with a P/E ratio of 10.5 and revenue of $18.78B over the last twelve months.
Valuation
- Market cap
- $53.47B
- P/E ratio
- 10.5
- Forward P/E
- 9.6
- EPS, TTM
- $4.63
- Gekko Fair Value
- $69.63
Trading
- Volume
- 39.55M
- Avg volume, 20 days
- 11.52M
- 52-week high
- $52.71
- 52-week low
- $31.47
- Shares outstanding
- 1.10B
Financials
- Revenue, TTM
- $18.78B
- Profit margin
- 17.5%
- Return on equity
- 11.5%
- Quarterly earnings growth, YoY
- +44.0%
Risk and income
- Beta
- 0.43
- Typical daily move
- ±2.8%
- Typical 20-day move
- ±6.5%
- Dividend yield
- 2.15%
Devon Energy stock news this week
Coverage of Devon Energy this week reads positive: 12 positive, 3 neutral and 0 negative headlines.
- Corient Private Wealth LP Raises Holdings in Devon Energy Corporation $DVNMarketBeat, Sep 17
- Devon Energy (DVN) Declines More Than Market: Some Information for InvestorsZacks Investment Research, Sep 16
- Solitude Pipeline Announcement Benefits Both Devon And DiamondbackSeeking Alpha, Sep 16
- 10,194,233 Shares in Devon Energy Corporation $DVN Purchased by Bank of America Corp DEMarketBeat, Sep 16
- Devon Energy: Stronger Permian Focus And Valuation Support (Rating Upgrade)Seeking Alpha, Sep 15
- Devon Energy Corp's Dividend AnalysisYahoo Finance Singapore, Sep 15
Devon Energy peers
Devon Energy’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.
| Stock | GekkoIndex zone | vs Fair Value |
|---|---|---|
| XOMExxon Mobil | Neutral | 11.4% above |
| CVXChevron | Neutral | 6.3% above |
| TTETotalEnergies | Neutral | 29.4% below |
| CNQCanadian Natural Resources | Neutral | 21.8% below |
| SUSuncor Energy | Neutral | 21.4% below |
| EOGEOG Resources | Accumulation | 26.5% below |
A peer links to its own page where one exists.
Devon Energy stock FAQ
What is Devon Energy’s market cap?
Devon Energy’s market cap is $53.47B at the Sep 18, 2026 close of $48.61, with 1.10B shares outstanding. The shares trade on a P/E ratio of 10.5.
What is the Devon Energy stock forecast?
The consensus analyst 12-month price target for Devon Energy is $60.43, +24.3% from the last close. Of the 18 firms that rated the stock in the last 90 days, 17 rate it a buy, 1 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.
Is Devon Energy stock overvalued or undervalued?
On Gekko’s estimate Devon Energy is undervalued: the Sep 18, 2026 close of $48.61 is 30.2% below Gekko Fair Value of $69.63. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does Devon Energy report earnings next?
Devon Energy is expected to report on Nov 4, 2026 (45 days away). Analysts expect earnings of $1.18 per share on revenue of $6.37B. Devon Energy beat the earnings estimate in 5 of its last 8 reports, moving 3.6% on average across the report.
What is Devon Energy’s 52-week high and low?
Devon Energy’s 52-week high is $52.71 and its 52-week low is $31.47; it closed at $48.61 on Sep 18, 2026, +37.3% over the past year.
Is Devon Energy stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 5 of the 6 items with data read as supportive (trend, fair value, smart money, earnings risk and seasonality), 1 as mixed (gekkoindex). The checklist is a description of current data, not a recommendation.
How this page works
Prices and signals update after every US market close; the GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
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