Analyzing Devon Energy Corporation (DVN) and The Competition
Devon Energy Corporation (NYSE: DVN) is one of 225 publicly-traded companies in the “Oil & Gas Exploration and Production” industry, but how does it compare to its peers? We will compare Devon Energy Corporation to similar businesses based on the strength of its analyst recommendations, dividends, earnings, valuation, risk, institutional ownership and profitability.
This table compares Devon Energy Corporation and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Devon Energy Corporation||11.62%||6.88%||2.88%|
|Devon Energy Corporation Competitors||-455.75%||21.13%||6.41%|
Earnings & Valuation
This table compares Devon Energy Corporation and its peers gross revenue, earnings per share and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|Devon Energy Corporation||$12.20 billion||-$3.30 billion||12.97|
|Devon Energy Corporation Competitors||$1.86 billion||-$439.03 million||-26.51|
Devon Energy Corporation has higher revenue, but lower earnings than its peers. Devon Energy Corporation is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
Risk & Volatility
Devon Energy Corporation has a beta of 2.22, meaning that its stock price is 122% more volatile than the S&P 500. Comparatively, Devon Energy Corporation’s peers have a beta of 1.42, meaning that their average stock price is 42% more volatile than the S&P 500.
Devon Energy Corporation pays an annual dividend of $0.24 per share and has a dividend yield of 0.6%. Devon Energy Corporation pays out 8.2% of its earnings in the form of a dividend. As a group, “Oil & Gas Exploration and Production” companies pay a dividend yield of 1.6% and pay out 284.2% of their earnings in the form of a dividend.
This is a breakdown of current ratings and price targets for Devon Energy Corporation and its peers, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Devon Energy Corporation||0||4||14||0||2.78|
|Devon Energy Corporation Competitors||1460||7597||12259||253||2.52|
Devon Energy Corporation presently has a consensus target price of $46.18, suggesting a potential upside of 21.55%. As a group, “Oil & Gas Exploration and Production” companies have a potential upside of 37.78%. Given Devon Energy Corporation’s peers higher probable upside, analysts clearly believe Devon Energy Corporation has less favorable growth aspects than its peers.
Insider & Institutional Ownership
77.1% of Devon Energy Corporation shares are held by institutional investors. Comparatively, 60.8% of shares of all “Oil & Gas Exploration and Production” companies are held by institutional investors. 0.5% of Devon Energy Corporation shares are held by insiders. Comparatively, 12.2% of shares of all “Oil & Gas Exploration and Production” companies are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
Devon Energy Corporation beats its peers on 8 of the 15 factors compared.
Devon Energy Corporation Company Profile
Devon Energy Corporation is an independent energy company. The Company also controls EnLink Midstream Partners, L.P. (EnLink). The Company’s segments include U.S., Canada and EnLink. The Company is engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). The Company’s operations are concentrated in various North American onshore areas in the United States and Canada. The Company’s U.S. and Canada segments are primarily engaged in oil and gas exploration and production activities. EnLink is a master limited partnership (MLP) with a midstream business and operations located across the United States. EnLink focuses on providing gathering, transmission, processing, storage, fractionation and marketing to upstream oil and natural gas producers. The Company’s properties include Barnett Shale, Delaware Basin, Eagle Ford, Heavy Oil, Rockies Oil and STACK.
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