DVN
Devon Energy Corporation Energy - Oil & Gas Investor Relations →
Devon Energy Corporation (DVN) closed at $50.23 as of 2026-09-11, trading 21.3% above its 200-week moving average of $41.41. The stock moved further from the line this week, up from 15.9% last week. The 14-week RSI sits at 63, indicating neutral momentum.
Trading volume is running at 1.0x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.99 ratio) is neutral — neither side is clearly dominating.
Over the past 2098 weeks of data, DVN has crossed below its 200-week moving average 28 times. On average, these episodes lasted 30 weeks. Historically, investors who bought DVN at the start of these episodes saw an average one-year return of +8.1%.
With a market cap of $55.3 billion, DVN is a large-cap stock. The company generates a free cash flow yield of 1.4%. Return on equity stands at 11.5%. The stock trades at 1.4x book value.
Over the past 33.8 years, a hypothetical investment of $100 in DVN would have grown to $1067, compared to $3170 for the S&P 500. DVN has returned 7.3% annualized vs 10.8% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -6.3% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: DVN vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After DVN Crosses Below the Line?
Across 27 historical episodes, buying DVN when it crossed below its 200-week moving average produced an average return of +8.0% after 12 months (median +8.0%), compared to +11.0% for the S&P 500 over the same periods. 50% of those episodes were profitable after one year. After 24 months, the average return was +26.8% vs +21.8% for the index.
Each line shows $100 invested at the moment DVN crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices DVN would reach each dislocation threshold.
Dislocation Price Levels
Prices where DVN's Bean Score would hit each σ threshold. Valid until next earnings report: 2026-11-04.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $31.20 | Unusually cheap — analysis point |
| Value | +1σ | $34.97 | Cheap vs. own history |
| Fair Value | +0σ | $39.77 | Historical mean behavior |
| Expensive | -1σ | $46.10 | Expensive vs. own history |
| Deep Expensive | -2σ | $54.83 | Unusually expensive — analysis point |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Recent Earnings
| Date | EPS Est. | EPS Actual | Surprise |
|---|---|---|---|
| 2026-08-04 | $1.41 | $1.57 | +11.3% |
| 2026-05-05 | $1.09 | $1.04 | -4.9% |
| 2026-02-17 | $0.83 | $0.82 | -0.8% |
| 2025-11-05 | $0.94 | $1.04 | +10.6% |
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
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Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are analysis points: prices at which the yield deviation becomes unusual enough to justify the work. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from DVN's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. Each one is an analysis point, a reason to open the filings. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
DVN has crossed below its 200-week MA 28 times with an average 1-year return of +8.1% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jun 1986 | Feb 1989 | 136 | 67.8% | -18.9% | +2558.5% |
| Jan 1992 | May 1992 | 18 | 13.2% | +68.1% | +1942.0% |
| Aug 1998 | Sep 1998 | 4 | 7.2% | +47.4% | +505.5% |
| Nov 1998 | Dec 1998 | 4 | 4.9% | +22.0% | +491.4% |
| Jan 1999 | Apr 1999 | 15 | 29.8% | +17.6% | +476.6% |
| Dec 1999 | Dec 1999 | 1 | 7.2% | +66.0% | +455.3% |
| Dec 1999 | Jan 2000 | 1 | 0.5% | +86.2% | +415.4% |
| Sep 2001 | Feb 2002 | 22 | 19.9% | +26.5% | +349.7% |
| Jul 2002 | Aug 2002 | 4 | 8.2% | +26.6% | +317.0% |
| Nov 2002 | Nov 2002 | 1 | 0.4% | +13.2% | +275.1% |
| Jan 2003 | Feb 2003 | 4 | 3.5% | +31.9% | +270.0% |
| Sep 2003 | Oct 2003 | 5 | 3.6% | +55.8% | +249.6% |
| Nov 2003 | Nov 2003 | 1 | 0.8% | +61.6% | +245.7% |
| Oct 2008 | Oct 2008 | 3 | 15.2% | +15.3% | +34.1% |
| Nov 2008 | Dec 2009 | 58 | 45.2% | -2.3% | +14.7% |
| Jan 2010 | Dec 2010 | 49 | 17.8% | +14.4% | +8.7% |
| Aug 2011 | Feb 2012 | 28 | 25.3% | -18.5% | +12.1% |
| Apr 2012 | Feb 2014 | 97 | 21.4% | -17.7% | +14.6% |
| Mar 2014 | Mar 2014 | 1 | 0.8% | -6.6% | +20.3% |
| Oct 2014 | Nov 2014 | 4 | 9.4% | -22.5% | +26.2% |
| Nov 2014 | Feb 2015 | 10 | 16.2% | -22.5% | +27.2% |
| Feb 2015 | Mar 2015 | 5 | 6.1% | -66.4% | +21.3% |
| Jun 2015 | Jun 2018 | 156 | 66.7% | -39.2% | +22.5% |
| Aug 2018 | Aug 2018 | 1 | 2.8% | -43.9% | +75.6% |
| Sep 2018 | May 2021 | 139 | 81.6% | -41.7% | +76.2% |
| Sep 2024 | Sep 2024 | 4 | 7.4% | -13.2% | +28.7% |
| Oct 2024 | Feb 2026 | 68 | 36.0% | -19.8% | +29.4% |
| Jun 2026 | Jul 2026 | 3 | 3.8% | N/A | +19.3% |
| Average | 30 | — | +8.1% | — |
Frequently Asked Questions
Is DVN below its 200-week moving average?
No. Devon Energy Corporation (DVN) is currently 21.3% above its 200-week moving average of $41.41. It would need to fall to $41.41 to cross below the line.
What is DVN's 200-week moving average price?
Devon Energy Corporation's 200-week moving average is $41.41 as of 2026-09-11. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when DVN drops below its 200-week moving average?
DVN has crossed below its 200-week moving average 28 times in our data. On average, buying at that moment produced a one-year return of +8.1%. These dips have historically been decent entry points. These episodes lasted 30 weeks on average.
Is DVN a good value right now?
Here's what our data says about DVN as of 2026-09-11: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 63. Free cash flow yield is 1.4%. Return on equity is 11.5%. Price-to-book is 1.4x. This is not a buy or sell recommendation — always do your own research.
How does DVN compare to the S&P 500?
Over the past 33.8 years, $100 invested in DVN would have grown to $1067, compared to $3170 for the S&P 500. That's 7.3% annualized vs 10.8% for the index. DVN has underperformed the broader market over this period.
Does DVN pay a dividend?
Yes. Devon Energy Corporation currently pays a dividend yield of 255.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-09-11