U.S. Markets closed

Devon Energy Corp (DVN) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Devon Energy Corp (DVN) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Devon Energy Corp is engaged in the oil and gas sector. It is an independent energy company involved in the exploration, development and production of oil, natural gas and NGLs. Devon Energy Corp has a market cap of $14.17 billion; its shares were traded at around $30.27 with a P/E ratio of 7.07 and P/S ratio of 0.98. The dividend yield of Devon Energy Corp stocks is 0.98%.


For the last quarter Devon Energy Corp reported a revenue of $2.6 billion, compared with the revenue of $1.9 billion during the same period a year ago. For the latest fiscal year the company reported a revenue of $10.7 billion, a decrease of 23% from the previous year. For the last five years Devon Energy Corp had an average revenue decline of 3.1% a year.

The reported diluted earnings per share was $6.1 for the year, compared with the loss per share of $3.91 in the previous year. The Devon Energy Corp had a decent operating margin of 15.47%, compared with the operating margin of 7.23% a year before. The 10-year historical median operating margin of Devon Energy Corp is 23.01%. The profitability rank of the company is 6 (out of 10).

At the end of the fiscal year, Devon Energy Corp has the cash and cash equivalents of $2.4 billion, compared with $2.7 billion in the previous year. The long term debt was $5.8 billion, compared with $10.3 billion in the previous year. The interest coverage to the debt is at a comfortable level of 11.4. Devon Energy Corp has a financial strength rank of 5 (out of 10).

At the current stock price of $30.27, Devon Energy Corp is traded at 55.6% discount to its historical median P/S valuation band of $68.18. The P/S ratio of the stock is 0.98, while the historical median P/S ratio is 2.19. The stock lost 11.77% during the past 12 months.

For the complete 20-year historical financial data of DVN, click here.

This article first appeared on GuruFocus.