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Devon Energy Stock

Devon Energy P/S 2024

Devon Energy P/S

1.93

Ticker

DVN

ISIN

US25179M1036

WKN

925345

As of Nov 22, 2024, Devon Energy's P/S ratio stood at 1.93, a -2.03% change from the 1.97 P/S ratio recorded in the previous year.

The Devon Energy P/S history

Devon Energy Aktienanalyse

What does Devon Energy do?

Devon Energy Corp is an American company based in Oklahoma City, Oklahoma. It was founded in 1971 by J. Larry Nichols and John Nichols. The original business idea was the exploration and production of oil and gas. In later years, Devon Energy's business model expanded to include the entire range of the oil and gas industry. The company produces and markets oil, natural gas, NGL (Natural Gas Liquids), and electric power. In recent years, the company has specialized in the exploration and production of shale gas and shale oil, which now makes up a majority of the company. Devon Energy Corp is divided into various divisions, including exploration and production in the USA and Canada, processing and marketing of NGLs, and electricity production. The company is able to offer everything from exploration and development of new resources to processing and marketing in the USA and Canada. The main products of Devon Energy Corp are oil, natural gas, and NGLs. The company is one of the largest producers of natural gas in the USA and one of the top 20 companies in oil production in North America. It has reserves of more than 3 billion barrels of oil equivalent (BOE). The company places a strong emphasis on sustainability and environmental consciousness. For example, in the production of shale gas and shale oil, state-of-the-art technologies are used to minimize the impact on the environment. In recent years, Devon Energy Corp has responded to changes in the energy market and begun investing in renewable energy. For example, the company acquired a solar power plant in California and is currently planning new wind projects. Devon Energy Corp has a rich history. In 1997, it acquired Mitchell Energy, a company specializing in oil and gas exploration and production, thus becoming a leader in shale gas production. The sale of assets and business areas in recent years has allowed the company to focus on its core competencies and emerge stronger from the crisis. Overall, Devon Energy Corp is a modern, innovative company that offers its customers a wide range of products and services. Its commitment to sustainability and investment in renewable energy demonstrate that the company is willing to face current challenges and establish itself in the long term. Devon Energy ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/S Details

Decoding Devon Energy's P/S Ratio

Devon Energy's Price to Sales (P/S) Ratio is a crucial financial metric that measures the company's market valuation relative to its total sales revenue. It's calculated by dividing the company's market capitalization by its total sales over a specific period. A lower P/S ratio can indicate that the company is undervalued, while a higher ratio may suggest overvaluation.

Year-to-Year Comparison

Comparing Devon Energy's P/S ratio yearly provides insights into how the market perceives the company’s value relative to its sales. An increasing ratio over time can indicate growing investor confidence, while a decreasing trend might reflect concerns about the company’s revenue generation capabilities or market conditions.

Impact on Investments

The P/S ratio is instrumental for investors evaluating Devon Energy's stock. It offers insights into the company’s efficiency in generating sales and its market valuation. Investors use this ratio to compare similar companies within the same industry, aiding in selecting stocks that offer the best value for investment.

Interpreting P/S Ratio Fluctuations

Variations in Devon Energy’s P/S ratio can result from changes in the stock price, sales revenue, or both. Understanding these fluctuations is crucial for investors to evaluate the company’s current valuation and future growth potential, aligning their investment strategies accordingly.

Frequently Asked Questions about Devon Energy stock

What is the price-to-earnings ratio of Devon Energy?

The price-earnings ratio of Devon Energy is currently 1.93.

How has the price-earnings ratio of Devon Energy changed compared to last year?

The price-to-earnings ratio of Devon Energy has increased by -2.03% fallen (meaning "decreased" or "dropped") compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of Devon Energy high compared to other companies?

Yes, the price-to-earnings ratio of Devon Energy is high compared to other companies.

How does an increase in the price-earnings ratio of Devon Energy affect the company?

An increase in the price-earnings ratio of Devon Energy would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of Devon Energy affect the company?

A decrease in the price-earnings ratio of Devon Energy would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of Devon Energy?

Some factors that influence the price-earnings ratio of Devon Energy are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does Devon Energy pay?

Over the past 12 months, Devon Energy paid a dividend of 2.07 USD . This corresponds to a dividend yield of about 5.35 %. For the coming 12 months, Devon Energy is expected to pay a dividend of 2.76 USD.

What is the dividend yield of Devon Energy?

The current dividend yield of Devon Energy is 5.35 %.

When does Devon Energy pay dividends?

Devon Energy pays a quarterly dividend. This is distributed in the months of April, July, October, January.

How secure is the dividend of Devon Energy?

Devon Energy paid dividends every year for the past 23 years.

What is the dividend of Devon Energy?

For the upcoming 12 months, dividends amounting to 2.76 USD are expected. This corresponds to a dividend yield of 7.14 %.

In which sector is Devon Energy located?

Devon Energy is assigned to the 'Energy' sector.

Wann musste ich die Aktien von Devon Energy kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Devon Energy from 12/30/2024 amounting to 0.22 USD, you needed to have the stock in your portfolio before the ex-date on 12/13/2024.

When did Devon Energy pay the last dividend?

The last dividend was paid out on 12/30/2024.

What was the dividend of Devon Energy in the year 2023?

In the year 2023, Devon Energy distributed 3.82 USD as dividends.

In which currency does Devon Energy pay out the dividend?

The dividends of Devon Energy are distributed in USD.

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Andere Kennzahlen von Devon Energy

Our stock analysis for Devon Energy Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Devon Energy Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.