Devon Competitors

Stocks . Brazil . 
Stock . Devon Energy
D1VN34 Stock  BRL 194.40  1.80  0.92%   
Devon Energy competes with ConocoPhillips, EOG Resources, Occidental Petroleum, H1ES34, and APA; as well as few others. The company operates under Energy sector and is part of Oil & Gas E&P industry. Analyzing Devon Energy competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Devon Energy to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Devon Energy Correlation with its peers.
For information on how to trade Devon Stock refer to our How to Trade Devon Stock guide.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Devon Energy competition on your existing holdings.
  
Hype
Prediction
LowEstimatedHigh
192.57194.40196.23
Details
Intrinsic
Valuation
LowRealHigh
171.14172.97213.84
Details
Naive
Forecast
LowNextHigh
187.00188.83190.66
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
188.31211.02233.74
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Devon Energy. Your research has to be compared to or analyzed against Devon Energy's peers to derive any actionable benefits. When done correctly, Devon Energy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Devon Energy.

Devon Energy Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Devon Energy and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Devon and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Devon Energy does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
A1PA34
+ 0.59
D1VN34
OXYP34
+ 0.55
COPH34
A1PA34
+ 0.55
OXYP34
PRIO3
+ 0.5
A1PA34
E1OG34
+ 0.42
COPH34
D1VN34
+ 0.4
OXYP34
  
High negative correlations   
H1ES34
- 0.71
D1VN34
PRIO3
- 0.69
E1OG34
PRIO3
- 0.54
COPH34
A1PA34
- 0.32
H1ES34
RECV3
- 0.28
E1OG34
RECV3
- 0.27
H1ES34

Risk-Adjusted Indicators

There is a big difference between Devon Stock performing well and Devon Energy Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Devon Energy's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
All Fundamental Data

Devon Energy Competitive Analysis

The better you understand Devon Energy competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Devon Energy's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Devon Energy's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
D1VN34 COPH34 E1OG34 OXYP34 H1ES34 A1PA34 PRIO3 RECV3
 0.92 
 194.40 
Devon
 4.32 
 48.68 
ConocoPhillips
 2.07 
 378.86 
EOG
 0.83 
 48.08 
Occidental
 0.28 
 379.24 
H1ES34
 2.15 
 124.54 
APA
 1.49 
 40.27 
Petro
 1.08 
 15.87 
Petroreconcavo
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Not too volatile
Market Performance
(90 Days Performance)
Very Weak
Very Weak
OK
Very Weak
OK
Very Weak
Very Weak
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Under Valued
Over Valued
Fairly Valued
Over Valued
Over Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Sell
Strong Buy
Strong Sell
Strong Hold
Strong Sell
Sell
Hold
Current Ratio
1.00 X
2.11 X
1.73 X
1.34 X
1.57 X
1.66 X
8.20 X
2.31 X
Net Asset
N/A
93.83 B
38.24 B
75.04 B
N/A
13.3 B
12.22 B
4.72 B
Profit Margin
0.34 %
0.23 %
0.26 %
0.36 %
(2.77) %
0.33 %
0.47 %
0.33 %
EBITDA
10.38 B
36.79 B
9.76 B
13.77 B
3.01 B
3.66 B
2.64 B
562.67 M
Operating Margin
0.43 %
0.34 %
0.33 %
0.37 %
15.97 %
0.47 %
0.59 %
0.42 %
Current Valuation
244.93 B
750.81 B
391.98 B
467.6 B
65.69 B
105.72 B
27.96 B
7.18 B
Price To Book
3.69 X
2.81 X
3.10 X
3.05 X
13.74 X
24.08 X
3.04 X
2.29 X
Retained Earnings
N/A
N/A
N/A
N/A
N/A
N/A
(3.02 B)
N/A
Current Asset
N/A
N/A
N/A
N/A
N/A
N/A
749 M
N/A
Beta
2.39
1.29
1.52
1.8
2.22
3.54
1.53
N/A
Number Of Employees
1.6 K
9.5 K
2.8 K
11.68 K
1.62 K
2.25 K
12
4
Shares Outstanding
653.7 M
14.69 B
1.17 B
5.45 B
616.84 M
321.51 M
848.47 M
292.89 M
Cash Flow From Operations
2.53 B
28.31 B
8.79 B
10.43 B
2 B
3.5 B
2.18 B
638.9 M
Annual Yield
0.08 %
0.02 %
0.03 %
0.01 %
N/A
0.02 %
N/A
0.03 %
Total Debt
6.79 B
16.23 B
4.86 B
28.93 B
8.94 B
7.29 B
3.79 B
461.95 M
Return On Equity
0.63
0.4
0.33
0.54
2.0
0.37
0.45
0.3
Z Score
19.2
27.0
51.0
6.0
10.2
5.4
5.4
11.4
Return On Asset
0.23
0.18
0.15
0.11
3.0
0.23
0.17
0.13
Book Value Per Share
16.62 X
9.81 X
20.31 X
10.44 X
18.32 X
1.85 X
10.95 X
12.56 X
Current Liabilities
N/A
N/A
N/A
N/A
N/A
N/A
125 M
N/A
Total Asset
N/A
93.83 B
38.24 B
75.04 B
N/A
13.3 B
12.22 B
4.72 B
Debt To Equity
0.80 %
0.45 %
0.26 %
2.11 %
1.37 %
N/A
0.81 %
0.44 %
Last Dividend Paid
4.66
4.49
3.0
0.4
1.97
0.63
N/A
0.16
Target Price
N/A
N/A
N/A
N/A
N/A
N/A
44.78
37.71
Shares Owned By Institutions
N/A
N/A
N/A
N/A
N/A
N/A
48.00 %
61.69 %
Market Capitalization
221.56 B
732.54 B
417.01 B
307.27 B
155.29 B
72.65 B
35.24 B
8.94 B
Price To Earnings To Growth
0.48 X
0.45 X
2.55 X
N/A
N/A
0.17 X
13.68 X
N/A
Price To Earning
N/A
77.40 X
486.40 X
113.82 X
N/A
N/A
11.64 X
33.59 X
Price To Sales
11.38 X
9.68 X
13.55 X
8.36 X
26.73 X
7.07 X
4.23 X
3.39 X
Net Income
279 M
18.68 B
4.66 B
2.32 B
(161 M)
973 M
1.33 B
176.9 M
Earnings Per Share
50.64 X
6.43 X
33.71 X
10.87 X
(6.65) X
55.94 X
4.00 X
3.15 X
Shares Owned By Insiders
N/A
N/A
N/A
N/A
N/A
N/A
14.53 %
28.94 %
Revenue
18.78 B
78.49 B
19.67 B
25.96 B
5.81 B
7.99 B
4.4 B
1.04 B
Working Capital
N/A
N/A
N/A
N/A
N/A
N/A
624 M
N/A
Cash And Equivalents
1.35 B
10.66 B
3.88 B
4.57 B
2.43 B
1.25 B
6.56 B
202.98 M
Cash Per Share
1.99 X
1.99 X
3.32 X
2.45 X
7.90 X
3.30 X
7.78 X
4.88 X
Gross Profit
7.41 B
39.6 B
13.03 B
16.3 B
3.66 B
5.08 B
2.47 B
372.75 M
Day Typical Price
194.4
48.56
378.86
47.78
379.24
124.54
40.05
15.83
Accumulation Distribution
N/A
0.0166
N/A
0.0361
N/A
N/A
0.025
74013.88
Market Facilitation Index
N/A
0.81
N/A
1.75
N/A
N/A
1.01
N/A
Daily Balance Of Power
(9,223,372,036,855)
(2.72)
(9,223,372,036,855)
(0.23)
9.2 T
(9,223,372,036,855)
0.5842
0.4595
Period Momentum Indicator
(1.80)
(2.20)
(8.02)
(0.40)
1.06
(2.73)
0.59
0.17
Rate Of Daily Change
0.99
0.96
0.98
0.99
1.0
0.98
1.01
1.01
Day Median Price
194.4
48.5
378.86
47.63
379.24
124.54
39.94
15.81
Price Action Indicator
(0.90)
(0.92)
(4.01)
0.25
0.53
(1.36)
0.63
0.15
Relative Strength Index
31.91
45.98
55.38
50.71
100.0
51.76
52.62
45.6
Coefficient Of Variation
(980.49)
(132,172)
1122.28
3658.95
812.4
(3,611)
(2,151)
(2,031)
Mean Deviation
1.21
1.41
0.7689
1.31
0.0084
1.24
1.5
1.69
Jensen Alpha
(0.19)
(0)
0.1537
0.0459
(0.01)
(0.07)
(0.1)
(0.14)
Total Risk Alpha
(0.25)
(0.07)
0.111
(0.01)
(0.01)
(0.14)
(0.15)
(0.19)
Sortino Ratio
N/A
N/A
0.0718
0.0082
N/A
N/A
N/A
N/A
Downside Variance
N/A
N/A
4.03
3.38
N/A
N/A
N/A
N/A
Standard Deviation
1.81
2.08
1.98
1.73
0.0345
2.41
1.9
2.29
Kurtosis
1.91
2.73
19.08
0.3455
66.0
6.86
0.1661
1.98
Potential Upside
2.75
3.56
1.18
3.16
N/A
3.69
2.7
4.3
Treynor Ratio
1.98
0.0366
0.2914
(0.09)
3.6
0.1934
2.75
(0.20)
Maximum Drawdown
9.8
12.68
12.79
8.77
0.2803
16.52
9.24
14.28
Variance
3.27
4.34
3.92
2.98
0.0012
5.81
3.6
5.23
Market Risk Adjusted Performance
1.99
0.0466
0.3014
(0.08)
3.61
0.2034
2.76
(0.19)
Risk Adjusted Performance
(0.08)
0.0056
0.0766
0.0271
(0.12)
(0.02)
(0.03)
(0.03)
Skewness
(0.17)
0.4706
3.94
(0.10)
8.12
(1.56)
0.1286
(0.13)
Semi Deviation
N/A
N/A
0.5986
1.76
N/A
N/A
N/A
N/A
Information Ratio
(0.12)
(0.02)
0.0728
0.0087
(0.81)
(0.04)
(0.06)
(0.06)
Value At Risk
(3.48)
(3.89)
(1.75)
(2.91)
N/A
(5.59)
(3.12)
(3.03)
Expected Short fall
N/A
N/A
(5.25)
(1.28)
N/A
N/A
N/A
N/A
Downside Deviation
N/A
N/A
2.01
1.84
N/A
N/A
N/A
N/A
Semi Variance
N/A
N/A
0.3583
3.11
N/A
N/A
N/A
N/A

Devon Energy Competition Performance Charts

Five steps to successful analysis of Devon Energy Competition

Devon Energy's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Devon Energy in relation to its competition. Devon Energy's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Devon Energy in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Devon Energy's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Devon Energy, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Devon Energy position

In addition to having Devon Energy in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Government Funds Theme
Funds or Etfs that invest in fixed income securities issued by national government to finance government spending or to facilitate Federal Reserve monetary policies. The Government Funds theme has 48 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Government Funds Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in Devon Stock

When determining whether Devon Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Devon Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Devon Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Devon Energy Stock:
How To Invest In Devon
Details
Is Devon Stock a good investment?
Details
What is Devon Energy's Net Worth?
Details
Largest Oil & Gas Exploration & Production Companies
View
Largest Oil & Gas E&P Companies
View
Check out Devon Energy Correlation with its peers.
For information on how to trade Devon Stock refer to our How to Trade Devon Stock guide.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Altman
Z Score
Details
Intrinsic
Valuation
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
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.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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