DVN · NYSE · STOCK
Devon Energy (DVN) Stock Analysis
$48.26
52W $31.47 – $52.71
60/100
$53.09B
11.4
0.43
⚠
Buy rating, but near-term risk/reward is unfavorable
The long-term recommendation is based on the composite investment score. The near-term risk/reward is based on nearby support and resistance levels. These can differ when a strong company trades close to resistance with support further below.
Is DVN Bullish or Bearish?
Bullish.
Innellis AI committee rates Devon Energy (DVN) Buy with a composite score of 60/100
, based on 6 analysts with 67% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +15.10 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -4.90 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Value Analyst sees a compelling case — price-to-book of 1.5x is a discount to asset value. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Price-to-book of 1.5x is a discount to asset value — Value
- Dividend yield of 9.3% pays you to wait — Value
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- Price structure making higher highs and higher lows — Technical
- MACD histogram positive -- bullish momentum — Technical
- Trend and market structure agree -- coherent bullish picture — Technical
Bear Case
- EPS declining -5.3% YoY despite any revenue growth — Growth
- Current ratio of 0.98 is tight -- limited short-term liquidity cushion — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
60/100
Agreement
67%
Analysts
6
Conviction
Moderate
Sector Rank
Top 46%
of 93 Energy peers
Value Analyst
bullish
70
/ 100 · Moderate confidence
Classic value case: cheap on multiples with earnings power to back it up
+ Price-to-book of 1.5x is a discount to asset value
Growth Analyst
neutral
57
/ 100 · High confidence
Moderate growth -- present but not remarkable
+ Quarter-over-quarter growth rate is ACCELERATING, not just positive
− EPS declining -5.3% YoY despite any revenue growth
Technical Analyst
bullish
69
/ 100 · High confidence
Price action is constructive -- trend and momentum agree
+ Price structure making higher highs and higher lows
Risk Analyst
bearish
35
/ 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Current ratio of 0.98 is tight -- limited short-term liquidity cushion
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
64
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.20 across 46 articles, 14d)
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 59.5 to 59.9.
- New bullish signals: 1 appeared.
Analyst-level changes:
- News Analyst: +1 bullish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
54.0
Neutral
MACD Histogram
0.035
Bullish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Hh Hl
Support
$46.72
Resistance
$49.33
Bollinger %B
0.55
Inside Bands
Price vs Moving Averages
EMA 9
$47.98
Above
EMA 21
$47.90
Above
EMA 50
$47.29
Above
EMA 200
$44.42
Above
Fundamental Analysis
Valuation
100
Growth
82
Profitability
72
Financial Health
50
Cash Flow
70
Valuation
P/E Ratio
11.4×
P/B Ratio
1.08×
PEG Ratio
-2.04
Dividend Yield
2.32%
52W High
$52.71
52W Low
$31.47
Quality & Growth
ROE
1701.4%
ROA
836.1%
Gross Margin
3403.6%
Operating Margin
2385.7%
Revenue Growth YoY
—
Debt / Equity
0.28
AI Fundamental Assessment
P/E ratio of 11.4 (inexpensive relative to a 15-40x range); Price-to-book of 1.1x; PEG ratio of -2.0 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 17.0%; Return on assets of 8.4%; Net margin of 16.7%; Gross margin of 34.0%; Current ratio of 0.72 (tight short-term liquidity); Debt-to-equity of 0.28; Free cash flow per share is positive (1.79); Most recent quarter beat estimates by 11.6%; EPS growth accelerating (+26.8% -> +51.0% QoQ); Average YoY EPS growth of 86.9%; Analyst estimates rising over recent quarters
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