DVN — Devon Energy Corporation

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

Trend Edge Setup Score

Trend Edge rates DVN Bearish with a Setup Score of 19, net conviction 21, actionability 17. How the Setup Score works →

Total Setup Score19
Directional BiasBearish
Net Conviction21
Actionability17 (in range)

Key signals behind this score

About Devon Energy Corporation

Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming. Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$43.73
Market Cap$48.47B
Float617.0M
Shares Outstanding1.15B
P/E (Forward)8.18
P/E (TTM)12.07
Price/Sales (TTM)3.03
vs. Analyst Target+37.4% to analyst PT
Profit Margin14.17%
Operating Margin (TTM)6.86%
Revenue (TTM)$16.00B
Earnings Growth (YoY)-75.30%
Dividend Rate1.0%
Analyst Target Price$60.08 (27 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $4.83B -$2.68B $392M -$1.53B
2021 $12.21B $2.81B $3.68B $5.44B
2022 $19.17B $6.01B $8.37B $10.37B
2023 $15.26B $3.75B $5.37B $7.55B
2024 $15.94B $2.89B $4.71B $7.37B
2025 $17.19B $2.64B $4.39B $7.56B

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Jun 2025 $4.28B $899M
Sep 2025 $4.33B $687M
Dec 2025 $4.12B $562M
Mar 2026 $3.81B $120M

Ownership & Float

Insider Ownership0.7%
Institutional Ownership50.2%
Short Float4.8%
% of All Funds Holding14.24%
Number of Funds Holding1,170

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$44.16Near-term / short-term trend
Weekly40-Week SMA$41.74Medium-term trend
Weekly80-Week SMA$37.75Cyclical trend (business cycle)
Weekly200-Week SMA$44.91Secular trend (multi-year)
Monthly10-Month SMA$42.11Near-term monthly trend
Monthly20-Month SMA$37.92Medium-term monthly trend
Monthly40-Month SMA$42.19Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$45.00 resistance 1.37x 0 months ago
$51.00 resistance 1.42x 1 months ago
$39.50 support 1.31x 4 months ago
$36.70 support 1.16x 5 months ago

Historical Earnings Reactions (121 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap 0.23% 0.00% 46.28% 9.08% -10.16%
1 Day -0.19% -0.12% 44.63% 10.16% -12.76%
1 Week 0.15% -0.58% 49.59% 15.73% -24.55%
2 Weeks 0.69% -0.02% 48.76% 39.41% -26.62%
1 Month 1.74% 0.77% 54.17% 75.15% -72.56%

Next earnings: August 4, 2026 (21 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan-0.0%43.9%41
Feb1.2%58.5%41
Mar3.9%68.3%41
Apr5.4%61.0%41
May1.8%51.2%41
Jun-0.8%43.9%41
Jul-1.5%52.5%40
Aug2.8%53.7%41
Sep1.4%61.0%41
Oct0.7%51.2%41
Nov-0.1%39.0%41
Dec-0.3%53.7%41

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday -0.01% 44.8% 1947
Tuesday 0.04% 45.9% 2119
Wednesday 0.05% 46.1% 2115
Thursday 0.04% 45.4% 2076
Friday 0.17% 48.1% 2063

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 50.2%

Insider Transactions — Smart Summary

Total insider ownership: 0.7%

12-Month Insider Activity Summary

Total Filings4
Net Value-$5.3M
Net Shares Change-120,056
% of Float-0.0%
C-Suite Filings3
Clusters Detected0

Key Insiders

NameTitleNet ValueFilingsActivity
Ritenour Jeffrey L EVP & CHIEF CORP DEV OFFICER -$3.3M 1 1 sell
Vela Adam M SVP & GENERAL COUNSEL -$1.1M 1 1 sell
Alexander Andrea SVP & CHIEF ADMIN OFFICER -$841,320 1 1 sell
KINDICK KELT -$257,140.1 1 1 sell

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-05-15 Vela Adam M SVP & GENERAL COUNSEL -$1.1M Transaction at $47.21, now -7.4%
2026-05-12 Ritenour Jeffrey L EVP & CHIEF CORP DEV OFFICER -$3.3M Transaction at $46.66, now -6.3%
2026-06-12 Alexander Andrea SVP & CHIEF ADMIN OFFICER -$841,320 Transaction at $46.74, now -6.4%
2025-08-11 KINDICK KELT -$257,140.1 Transaction at $33.46, now +30.7%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Devon Energy Corporation (DVN) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for DVN on Trend Edge →