Activist Toms Capital has pushed Devon to explore strategic alternatives, including a potential sale of the company. Toms joins a litany of other exhortations, including Kimmeridge, who've pushed Devon to quicken the pace of asset sales and better articulate a strategy following its Coterra merger.
Devon enjoys ideally located acreage in core portions of the basins it operates in. Attractive acreage translates to above-average well performance and peer-leading supply costs.
After incorporating sunk costs from leaseholds, acquisitions, exploration, and infrastructure, Devon's capital base inflates to a level that could threaten excess returns.
|
Metric
|
DVN
|
EOG
|
OXY
|
|---|---|---|---|
Price/Earnings (Normalized) | 10.55 | 10.50 | 13.55 |
Price/Book Value | 1.30 | 2.33 | 1.73 |
Price/Sales | 1.68 | 2.85 | 2.69 |
Price/Cash Flow | 4.13 | 5.80 | 4.52 |
|
Metric
|
DVN
|
EOG
|
OXY
|
|---|---|---|---|
Quick Ratio | 0.59 | 1.58 | 1.04 |
Current Ratio | 0.72 | 1.85 | 1.41 |
Interest Coverage | 9.18 | 32.77 | 5.89 |
|
Metric
|
DVN
|
EOG
|
OXY
|
|---|---|---|---|
Return on Assets (Normalized) | 9.06% | 14.43% | 4.72% |
Return on Equity (Normalized) | 17.36% | 24.51% | 13.23% |
Return on Invested Capital (Normalized) | 13.09% | 19.77% | 7.57% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| ConocoPhillips
COP
| LOCK|D!v^jF? | LOCK|Qk&# | $153B | |||
| Canadian Natural Resources Ltd
CNQ
| LOCK|@YDrHx> | LOCK|gdPC | $99B | |||
| EOG Resources Inc
EOG
| LOCK|^^YF^p< | LOCK|j^&&g | $74B | |||
| Occidental Petroleum Corp
OXY
| LOCK|@^^ | LOCK|Y> | $58B | |||
| Diamondback Energy Inc
FANG
| LOCK|$L%#h^$! | LOCK|q$<z | $52B | |||
| EQT Corp
EQT
| LOCK|mhLHG#%> | LOCK|?N | $31B | |||
| Expand Energy Corp Ordinary Shares - New
EXE
| LOCK|HKv@TQg | LOCK|t^ | $20B | |||
| Ovintiv Inc
OVV
| LOCK|$P%PQ@q | LOCK|VQ& | $17B | |||
| Antero Resources Corp
AR
| LOCK|#R#gt@v | LOCK|RB | $10B |
United States