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DVN Devon Energy Corporation - Fundamental Analysis

NEUTRAL
DVN Stock | Fundamental Analysis & Investment Insights
NYSE Energy Oil & Gas E&P
Current Price
$37.87
Analyst Target
$45.3
+19.6% Upside
52W High
$38.88
52W Low
$25.89

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Confidence Score
72%
Analysis Accuracy
DVN's Advanced Deterministic Scorecard shows a mixed financial profile: the Piotroski F-Score of 4/9 indicates stable but not strong financial health, while the Altman Z-Score of 70712850278.4 suggests an extremely low risk of distress. The stock trades below the analyst target price of $45.30 and at a discount to the Graham Number of $48.25, indicating potential undervaluation, yet faces headwinds from declining earnings growth and weak insider sentiment. Profitability metrics like ROE (18.59%) and gross margin (49.35%) are strong, but YoY earnings contraction (-16.20%) and bearish technical trend (10/100) temper optimism. Sector comparisons show DVN is cheaper than peers on P/E while delivering better-than-average profitability and leverage metrics.

Key Strengths

Exceptionally high Altman Z-Score indicates near-zero bankruptcy risk and robust balance sheet resilience
Attractive valuation with current price ($37.87) below both Graham Number ($48.25) and analyst target ($45.30)
Strong profitability: ROE of 18.59% exceeds sector average (11.38%), supported by high gross (49.35%) and operating margins (24.19%)
Low debt/equity ratio of 0.56, below sector average of 0.60, indicating conservative capital structure
Healthy dividend policy with 2.53% yield and low payout ratio of 22.17%, ensuring sustainability

Key Risks

Weak Piotroski F-Score of 4/9 signals deteriorating financial health, particularly in profitability and leverage trends
Earnings under pressure with YoY decline of -16.20% and Q/Q EPS drop of -15.40%, despite recent quarter rebound
Bearish technical trend (10/100) and proximity to 52-week high ($38.88) suggest limited near-term upside momentum
Negative insider activity: recent director sell worth $0.26M with no buys in last 6 months, signaling lack of confidence
Missing key financial data (EV, cash, debt, shares outstanding) limits full transparency and raises due diligence concerns
AI Fair Value Estimate
Based on comprehensive analysis
$46.5
+22.8% above current price

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