Devon Energy Net Worth
Devon Energy Net Worth Breakdown | DVN |
Devon Energy Net Worth Analysis
Devon Energy's net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Devon Energy's financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Devon Energy's overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Devon Energy's net worth analysis. One common approach is to calculate Devon Energy's market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Devon Energy's stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Devon Energy's net worth. This approach calculates the present value of Devon Energy's future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Devon Energy's cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Devon Energy's net worth. This involves comparing Devon Energy's financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Devon Energy's net worth relative to its peers.
Enterprise Value |
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To determine if Devon Energy is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Devon Energy's net worth research are outlined below:
| Devon Energy generated a negative expected return over the last 90 days | |
| About 74.0% of the company shares are held by institutions such as insurance companies | |
| On 30th of December 2024 Devon Energy paid $ 0.22 per share dividend to its current shareholders | |
| Latest headline from seekingalpha.com: Devon Energy snaps six straight sessions of gains |
Devon Energy Quarterly Good Will |
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Devon Energy uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Devon Energy. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Devon Energy's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 27th of February 2024 Upcoming Quarterly Report | View | |
| 13th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 27th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Devon Energy Target Price Consensus
Devon target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Devon Energy's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 31 | Strong Buy |
Most Devon analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Devon stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Devon Energy, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationDevon Energy Target Price Projection
Devon Energy's current and average target prices are 37.95 and 49.94, respectively. The current price of Devon Energy is the price at which Devon Energy is currently trading. On the other hand, Devon Energy's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Devon Energy Market Quote on 18th of January 2025
Target Price
Analyst Consensus On Devon Energy Target Price
Know Devon Energy's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Devon Energy is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Devon Energy backward and forwards among themselves. Devon Energy's institutional investor refers to the entity that pools money to purchase Devon Energy's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Amvescap Plc. | 2024-09-30 | 7.1 M | Ubs Asset Mgmt Americas Inc | 2024-09-30 | 6.8 M | Northern Trust Corp | 2024-09-30 | 6.1 M | D. E. Shaw & Co Lp | 2024-09-30 | 6.1 M | Raymond James & Associates | 2024-09-30 | 6 M | Encap Energy Capital Fund X, L.p. | 2024-09-30 | 5.9 M | Smead Capital Management Inc | 2024-09-30 | 5.9 M | Bank Of America Corp | 2024-09-30 | 5.8 M | Goldman Sachs Group Inc | 2024-09-30 | 5.3 M | Vanguard Group Inc | 2024-09-30 | 75.2 M | Blackrock Inc | 2024-09-30 | 48 M |
Follow Devon Energy's market capitalization trends
The company currently falls under 'Large-Cap' category with a total capitalization of 25.24 B.Market Cap |
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Project Devon Energy's profitablity
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.18 | 0.19 | |
| Return On Capital Employed | 0.10 | 0.10 | |
| Return On Assets | 0.15 | 0.14 | |
| Return On Equity | 0.36 | 0.38 |
When accessing Devon Energy's net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures Devon Energy's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Devon Energy's profitability and make more informed investment decisions.
Evaluate Devon Energy's management efficiency
Devon Energy has Return on Asset of 0.1067 % which means that on every $100 spent on assets, it made $0.1067 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.2628 %, implying that it generated $0.2628 on every 100 dollars invested. Devon Energy's management efficiency ratios could be used to measure how well Devon Energy manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Devon Energy's Return On Tangible Assets are very stable compared to the past year. As of the 18th of January 2025, Return On Capital Employed is likely to grow to 0.10, while Return On Assets are likely to drop 0.14. At this time, Devon Energy's Non Currrent Assets Other are very stable compared to the past year. As of the 18th of January 2025, Return On Tangible Assets is likely to grow to 0.19, while Total Assets are likely to drop about 20.2 B.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 17.21 | 17.20 | |
| Tangible Book Value Per Share | 16.15 | 12.56 | |
| Enterprise Value Over EBITDA | 5.25 | 3.87 | |
| Price Book Value Ratio | 2.16 | 1.46 | |
| Enterprise Value Multiple | 5.25 | 3.87 | |
| Price Fair Value | 2.16 | 1.46 | |
| Enterprise Value | 30.9 B | 32.4 B |
The leadership approach at Devon Energy's fosters a culture of excellence and accountability. Our analysis examines how this culture influences financial outcomes and stock valuation.
Enterprise Value Revenue 2.1541 | Revenue | Quarterly Revenue Growth (0.10) | Revenue Per Share | Return On Equity |
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Devon Energy insiders, such as employees or executives, is commonly permitted as long as it does not rely on Devon Energy's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Devon Energy insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Clay Gaspar over three months ago Disposition of 186289 shares by Clay Gaspar of Devon Energy subject to Rule 16b-3 | ||
John Bethancourt over six months ago Acquisition by John Bethancourt of 1703 shares of Devon Energy subject to Rule 16b-3 | ||
Dennis Cameron over six months ago Disposition of 2647 shares by Dennis Cameron of Devon Energy at 52.98 subject to Rule 16b-3 | ||
Valerie Williams over a year ago Acquisition by Valerie Williams of 4596 shares of Devon Energy subject to Rule 16b-3 |
Devon Energy Corporate Filings
8K | 13th of January 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
10Q | 6th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
| 3rd of October 2024 Other Reports | ViewVerify | |
| 26th of September 2024 Other Reports | ViewVerify |
Devon Energy Earnings Estimation Breakdown
The calculation of Devon Energy's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Devon Energy is estimated to be 1.18575 with the future projection ranging from a low of 1.135 to a high of 1.365. Please be aware that this consensus of annual earnings estimates for Devon Energy is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
1.14 Lowest | Expected EPS | 1.36 Highest |
Devon Energy Earnings Projection Consensus
Suppose the current estimates of Devon Energy's value are higher than the current market price of the Devon Energy stock. In this case, investors may conclude that Devon Energy is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Devon Energy's stock will quickly adjusts to the new information provided by the consensus estimate.
| Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of December 2024 | Current EPS (TTM) | |
| 30 | 95.75% | 1.1 | 1.18575 | 5.4 |
Devon Energy Earnings per Share Projection vs Actual
Actual Earning per Share of Devon Energy refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Devon Energy predict the company's earnings will be in the future. The higher the earnings per share of Devon Energy, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.Devon Energy Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as Devon Energy, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Devon Energy should always be considered in relation to other companies to make a more educated investment decision.Devon Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact Devon Energy's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-11-05 | 2024-09-30 | 1.09 | 1.1 | 0.01 | 0 | ||
2024-08-06 | 2024-06-30 | 1.26 | 1.41 | 0.15 | 11 | ||
2024-05-01 | 2024-03-31 | 1.11 | 1.16 | 0.05 | 4 | ||
2024-02-27 | 2023-12-31 | 1.41 | 1.41 | 0.0 | 0 | ||
2023-11-07 | 2023-09-30 | 1.57 | 1.65 | 0.08 | 5 | ||
2023-08-01 | 2023-06-30 | 1.18 | 1.18 | 0.0 | 0 | ||
2023-05-08 | 2023-03-31 | 1.38 | 1.46 | 0.08 | 5 | ||
2023-02-14 | 2022-12-31 | 1.75 | 1.66 | -0.09 | 5 | ||
2022-11-01 | 2022-09-30 | 2.12 | 2.18 | 0.06 | 2 | ||
2022-08-01 | 2022-06-30 | 2.38 | 2.59 | 0.21 | 8 | ||
2022-05-02 | 2022-03-31 | 1.75 | 1.88 | 0.13 | 7 | ||
2022-02-15 | 2021-12-31 | 1.24 | 1.39 | 0.15 | 12 | ||
2021-11-02 | 2021-09-30 | 0.93 | 1.08 | 0.15 | 16 | ||
2021-08-03 | 2021-06-30 | 0.52 | 0.6 | 0.08 | 15 | ||
2021-05-04 | 2021-03-31 | 0.33 | 0.45 | 0.12 | 36 | ||
2021-02-16 | 2020-12-31 | 0.03 | -0.2689 | -0.2989 | 996 | ||
2020-10-29 | 2020-09-30 | -0.1 | -0.04 | 0.06 | 60 | ||
2020-08-04 | 2020-06-30 | -0.26 | -0.18 | 0.08 | 30 | ||
2020-05-05 | 2020-03-31 | -0.22 | 0.06 | 0.28 | 127 | ||
2020-02-18 | 2019-12-31 | 0.32 | 0.36 | 0.04 | 12 | ||
2019-11-05 | 2019-09-30 | 0.16 | 0.29 | 0.13 | 81 | ||
2019-08-06 | 2019-06-30 | 0.34 | 0.23 | -0.11 | 32 | ||
2019-04-30 | 2019-03-31 | 0.28 | 0.36 | 0.08 | 28 | ||
2019-02-19 | 2018-12-31 | 0.32 | 0.1 | -0.22 | 68 | ||
2018-11-06 | 2018-09-30 | 0.42 | 0.65 | 0.23 | 54 | ||
2018-07-31 | 2018-06-30 | 0.36 | 0.34 | -0.02 | 5 | ||
2018-05-01 | 2018-03-31 | 0.2 | 0.2 | 0.0 | 0 | ||
2018-02-20 | 2017-12-31 | 0.63 | 0.38 | -0.25 | 39 | ||
2017-10-31 | 2017-09-30 | 0.38 | 0.46 | 0.08 | 21 | ||
2017-08-01 | 2017-06-30 | 0.32 | 0.34 | 0.02 | 6 | ||
2017-05-02 | 2017-03-31 | 0.4 | 0.41 | 0.01 | 2 | ||
2017-02-14 | 2016-12-31 | 0.21 | 0.25 | 0.04 | 19 | ||
2016-11-01 | 2016-09-30 | 0.05 | 0.09 | 0.04 | 80 | ||
2016-08-02 | 2016-06-30 | -0.19 | 0.06 | 0.25 | 131 | ||
2016-05-03 | 2016-03-31 | -0.64 | -0.53 | 0.11 | 17 | ||
2016-02-16 | 2015-12-31 | 0.7 | 0.77 | 0.07 | 10 | ||
2015-11-03 | 2015-09-30 | 0.52 | 0.76 | 0.24 | 46 | ||
2015-08-04 | 2015-06-30 | 0.42 | 0.78 | 0.36 | 85 | ||
2015-05-05 | 2015-03-31 | 0.26 | 0.22 | -0.04 | 15 | ||
2015-02-17 | 2014-12-31 | 1.05 | 0.83 | -0.22 | 20 | ||
2014-11-04 | 2014-09-30 | 1.23 | 1.34 | 0.11 | 8 | ||
2014-08-06 | 2014-06-30 | 1.4 | 1.4 | 0.0 | 0 | ||
2014-05-07 | 2014-03-31 | 1.27 | 1.34 | 0.07 | 5 | ||
2014-02-19 | 2013-12-31 | 1.08 | 1.1 | 0.02 | 1 | ||
2013-11-06 | 2013-09-30 | 1.2 | 1.29 | 0.09 | 7 | ||
2013-08-07 | 2013-06-30 | 0.95 | 1.21 | 0.26 | 27 | ||
2013-05-01 | 2013-03-31 | 0.55 | 0.66 | 0.11 | 20 | ||
2013-02-20 | 2012-12-31 | 0.75 | 0.78 | 0.03 | 4 | ||
2012-11-07 | 2012-09-30 | 0.69 | 0.88 | 0.19 | 27 | ||
2012-08-01 | 2012-06-30 | 0.81 | 0.55 | -0.26 | 32 | ||
2012-05-02 | 2012-03-31 | 1.43 | 1.05 | -0.38 | 26 | ||
2012-02-15 | 2011-12-31 | 1.48 | 1.55 | 0.07 | 4 | ||
2011-11-02 | 2011-09-30 | 1.45 | 1.4 | -0.05 | 3 | ||
2011-08-03 | 2011-06-30 | 1.54 | 1.71 | 0.17 | 11 | ||
2011-05-04 | 2011-03-31 | 1.33 | 1.34 | 0.01 | 0 | ||
2011-02-16 | 2010-12-31 | 1.4 | 1.84 | 0.44 | 31 | ||
2010-11-03 | 2010-09-30 | 1.29 | 1.31 | 0.02 | 1 | ||
2010-08-04 | 2010-06-30 | 1.42 | 1.53 | 0.11 | 7 | ||
2010-05-05 | 2010-03-31 | 1.47 | 1.85 | 0.38 | 25 | ||
2010-02-17 | 2009-12-31 | 1.25 | 1.33 | 0.08 | 6 | ||
2009-11-04 | 2009-09-30 | 0.9 | 1.1 | 0.2 | 22 | ||
2009-08-05 | 2009-06-30 | 0.59 | 0.85 | 0.26 | 44 | ||
2009-05-06 | 2009-03-31 | 0.28 | 0.48 | 0.2 | 71 | ||
2009-02-04 | 2008-12-31 | 1.05 | 0.64 | -0.41 | 39 | ||
2008-11-05 | 2008-09-30 | 3.06 | 3.09 | 0.03 | 0 | ||
2008-08-06 | 2008-06-30 | 3.28 | 3.29 | 0.01 | 0 | ||
2008-05-07 | 2008-03-31 | 2.33 | 2.53 | 0.2 | 8 | ||
2008-02-06 | 2007-12-31 | 1.91 | 1.93 | 0.02 | 1 | ||
2007-11-07 | 2007-09-30 | 1.4 | 1.35 | -0.05 | 3 | ||
2007-08-01 | 2007-06-30 | 1.46 | 1.69 | 0.23 | 15 | ||
2007-05-02 | 2007-03-31 | 1.26 | 1.27 | 0.01 | 0 | ||
2007-02-07 | 2006-12-31 | 1.36 | 1.36 | 0.0 | 0 | ||
2006-11-01 | 2006-09-30 | 1.52 | 1.66 | 0.14 | 9 | ||
2006-08-02 | 2006-06-30 | 1.56 | 1.57 | 0.01 | 0 | ||
2006-05-03 | 2006-03-31 | 1.8 | 1.76 | -0.04 | 2 | ||
2006-02-01 | 2005-12-31 | 2.29 | 2.33 | 0.04 | 1 | ||
2005-11-02 | 2005-09-30 | 1.8 | 1.87 | 0.07 | 3 | ||
2005-08-03 | 2005-06-30 | 1.26 | 1.41 | 0.15 | 11 | ||
2005-05-04 | 2005-03-31 | 1.24 | 1.12 | -0.12 | 9 | ||
2005-02-02 | 2004-12-31 | 1.2 | 1.31 | 0.11 | 9 | ||
2004-11-04 | 2004-09-30 | 0.97 | 1.06 | 0.09 | 9 | ||
2004-08-05 | 2004-06-30 | 1.01 | 1.01 | 0.0 | 0 | ||
2004-05-06 | 2004-03-31 | 0.92 | 1.0 | 0.08 | 8 | ||
2004-02-05 | 2003-12-31 | 0.73 | 0.81 | 0.08 | 10 | ||
2003-11-06 | 2003-09-30 | 0.73 | 0.86 | 0.13 | 17 | ||
2003-08-06 | 2003-06-30 | 0.76 | 0.78 | 0.02 | 2 | ||
2003-05-08 | 2003-03-31 | 1.14 | 1.23 | 0.09 | 7 | ||
2003-02-06 | 2002-12-31 | 0.56 | 0.71 | 0.15 | 26 | ||
2002-11-07 | 2002-09-30 | 0.33 | 0.34 | 0.01 | 3 | ||
2002-08-01 | 2002-06-30 | 0.42 | 0.44 | 0.02 | 4 | ||
2002-05-02 | 2002-03-31 | 0.11 | 0.24 | 0.13 | 118 | ||
2002-02-06 | 2001-12-31 | 0.06 | 0.12 | 0.06 | 100 | ||
2001-11-01 | 2001-09-30 | 0.32 | 0.34 | 0.02 | 6 | ||
2001-08-02 | 2001-06-30 | 0.7 | 0.72 | 0.02 | 2 | ||
2001-05-03 | 2001-03-31 | 1.2 | 1.33 | 0.13 | 10 | ||
2001-01-30 | 2000-12-31 | 0.91 | 1.15 | 0.24 | 26 | ||
2000-10-26 | 2000-09-30 | 0.32 | 0.75 | 0.43 | 134 | ||
2000-07-27 | 2000-06-30 | 0.45 | 0.5 | 0.05 | 11 | ||
2000-04-27 | 2000-03-31 | 0.27 | 0.34 | 0.07 | 25 | ||
2000-02-10 | 1999-12-31 | 0.2 | 0.26 | 0.06 | 30 | ||
1999-11-10 | 1999-09-30 | 0.16 | 0.19 | 0.03 | 18 | ||
1999-07-28 | 1999-06-30 | 0.11 | 0.13 | 0.02 | 18 | ||
1999-04-28 | 1999-03-31 | 0.01 | 0.05 | 0.04 | 400 | ||
1999-01-27 | 1998-12-31 | 0.1 | 0.09 | -0.01 | 10 | ||
1998-10-26 | 1998-09-30 | 0.08 | 0.08 | 0.0 | 0 | ||
1998-07-27 | 1998-06-30 | 0.12 | 0.12 | 0.0 | 0 | ||
1998-04-27 | 1998-03-31 | 0.15 | 0.16 | 0.01 | 6 | ||
1998-01-27 | 1997-12-31 | 0.3 | 0.27 | -0.03 | 10 | ||
1997-10-21 | 1997-09-30 | 0.22 | 0.24 | 0.02 | 9 | ||
1997-07-23 | 1997-06-30 | 0.22 | 0.22 | 0.0 | 0 | ||
1997-04-21 | 1997-03-31 | 0.36 | 0.36 | 0.0 | 0 | ||
1997-02-12 | 1996-12-31 | 0.26 | 0.33 | 0.07 | 26 | ||
1996-11-07 | 1996-09-30 | 0.17 | 0.18 | 0.01 | 5 | ||
1996-08-14 | 1996-06-30 | 0.14 | 0.16 | 0.02 | 14 | ||
1996-05-06 | 1996-03-31 | 0.11 | 0.13 | 0.02 | 18 |
Devon Energy Corporate Directors
| Robert Mosbacher | Lead Independent Director | Profile | |
| Karl Kurz | Independent Director | Profile | |
| Mary Ricciardello | Independent Director | Profile | |
| Barbara Baumann | Independent Director | Profile |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Devon Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Devon Energy. If investors know Devon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Devon Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.09) | Dividend Share 2 | Earnings Share 5.4 | Revenue Per Share | Quarterly Revenue Growth (0.10) |
The market value of Devon Energy is measured differently than its book value, which is the value of Devon that is recorded on the company's balance sheet. Investors also form their own opinion of Devon Energy's value that differs from its market value or its book value, called intrinsic value, which is Devon Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Devon Energy's market value can be influenced by many factors that don't directly affect Devon Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Devon Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Devon Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Devon Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.