NAS10028,945+0.02%S&P7,552−0.45%GOLD$4,410+0.51%BTC$76,720+0.75%VIX15.47−12.65%live tape · as of 15:00 UTC
The Screen · Energy · Oil & Gas E&P
Devon Energy
DVN · a US exchange · USD · Market cap $53.2B · 2,200 employees
Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States.
Screened 2026-09-08 · the tape above runs as of 15:00 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its accumulation label.
Devon Energy holds its Accumulation at $48.40. The statistical read favours the sellers, held for 56 days.
As held on the ledger · 2026-09-08
Phase
Accumulation
Quantitative state
The statistical read favours the sellers, held for 56 days
Price at the screen
$48.40
Valuation
10.52 trailing · 8.92 forward price to earnings
Values screen
PASS· score 85.5
Beta
0.43
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
27.17%
Below 33%
Interest-bearing debt is just 27.2% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
2.30%
Below 33%
Cash held in interest-bearing accounts and securities is 2.3% of assets, under the one-third limit.
Pass
Receivables
10.21%
Below 49%
Money owed to the company is 10.2% of assets, under the 49% limit.
Pass
Revenue purity
0.33%
Below 5%
Only 0.3% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
What the Numbers Say It Is Worth
The Fair Value Range
Our framework reads OPPORTUNITY: it trades at roughly a 9% discount to our $52.92 fair value, moderate competitive moat, 64.20% revenue growth.
Fair value range in USD, drawn from the 2026-09-08 screen. The gold marker is the market price at the same screen. A 9.3% margin of safety to the base estimate.
Third-party analyst targets: 27 covering, consensus Strong Buy. The average target sits +24% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-08 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Oil explorer trades cheap amid cycle swings
Picture an oil pump jack rising and falling with every twist in global prices. Devon sits at a forward multiple of 8.3 times earnings with a 19 percent margin of safety to our fair value, revenue flat to down and a moderate moat that still clears the ethical screen. Analysts see upside yet the low multiple reflects an industry where earnings peak just before the next downturn.
The case rests on cash generation at current prices and a return on equity near 15 percent that beats many peers. A strong buy consensus from 26 houses points to further re-rating if commodity levels hold, yet this remains a cyclical business where today's margin can vanish fast when supply floods back.
Risk sits in the value trap that often follows energy booms. Low multiples at the top of the cycle have burned investors before, and any sustained drop in oil or gas realisations would hit both profits and the balance sheet. Analysis, not advice.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
DVN trades on a US exchange. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The framework has shifted from markdown to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 12.5% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 14% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 43%. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (25 analysts) rates it strong buy, with a mean price target of $61.
2026-07-27Markdown · changed$43.83-1.0%Entry 4
The framework has shifted from distribution to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 1.0% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 14% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 43%. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (25 analysts) rates it strong buy, with a mean price target of $61.
2026-07-18Distribution$44.28+0.0%Entry 3
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 14% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 43%. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (25 analysts) rates it strong buy, with a mean price target of $61.
2026-07-03Distribution$44.28+0.0%Entry 2
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns.
2026-07-02Distribution$44.28Entry 1
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows modest positive risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
