Devon Energy engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States and Canada. The company was founded in 1971 and is based in Oklahoma City, Oklahoma.
DVN Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Devon Energy Corp. To summarize, we found that Devon Energy Corp ranked in the 0th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. In terms of the factors that were most noteworthy in this DCF analysis for DVN, they are:
The company's compound free cash flow growth rate over the past 5.49 years comes in at -0.95%; that's greater than only 0.19% of US stocks we're applying DCF forecasting to.
The company has produced more trailing twelve month cash flow than only 0% of its sector Energy.
Devon Energy Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -13.3. This coverage rate is greater than that of just 6.72% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Devon Energy Corp? See CLR, CPE, GLOG, MRO, and NINE.
A new president is in the White House, a new "green energy" policy mandate is ascendant in Washington -- and that's not looking like good news for oil stocks on Thursday. As of 1:40 p.m. EST, shares of oil giant ConocoPhillips (NYSE: COP) are down 5.4%, while smaller oil and gas producers Devon Energy (NYSE: DVN) and Murphy Oil (NYSE: MUR) are down 10.2% and 13%, respectively. Why are oil stocks down?
OKLAHOMA CITY, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) will host its fourth-quarter and full-year 2020 earnings conference call earlier than previously announced. The conference call will be held at 9 a.m. Central Time (10 a.m. Eastern Time) on Wednesday, Feb. 17. The call will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon’s website at www.devonenergy.com. A replay will be available on the website following the call. As a reminder, the company will report its fourth-quarter and full-year 2020 results on Tuesday, Feb. 16, after the close of U.S. financial markets. The earnings release and accompanying presentation will be available on the company’s website at www.devonenergy....