PerpEquities

Equity · Energy

Devon Energy Corporation (DVN) perpetual futures

DVN perpetual futures on 2 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade DVNUSDT.

Devon Energy Corporation is a US independent energy producer focused on exploring for, developing and extracting oil, natural gas and natural gas liquids, managing roughly 5,134 gross wells.

$42.57-1.6%NYSE closed
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venue perp mark · MEXC (DVN/USDT)
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Trading data

Perpetual market activity

2/2 live markets
Venues
2
Live markets
2/2
24h volume
$163K
Open interest
$93.5K
Best liquidity
$0
MEXC
Tightest spread
+241.0 bps
MEXC
Highest volume
$100.5K
MEXC
Settlement mix
USDT · 2/2
Perp/spot vol.
0.00x
Spot volume $815.3M
OI / float
0.00%
Float $46B
Spot performance
1D-1.56%
5D-17.19%
1M-11.84%
6M-6.84%
YTD+15.23%
1Y+25.25%

Venue matrix

2 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
MEXCTradeDVN/USDTTrading$42.57+21.9% APR
+0.020% every 8h
+241.0 bps$0$100.5K$89.6KUSDT20x
BingXTradeDVN-USDTTrading$42.74+21.9% APR
+0.020% every 8h
+248.0 bps$0$62.6K$3.9KUSDT-

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 2 venues absorb $10k

No fresh book data: MEXC, BingX

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

DVN

Tightest spread

DVN

Highest volume

DVN

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q2 '26 · filed 2026-08-05 · next report 2027-02-16 · Updated 31m ago
All financials →

Valuation & key figures

Market cap
$46.4B
Updated 31m ago
Revenue
$22.2B
Trailing 12 months
Revenue growth
+52%
Next fiscal year
Profit margin
+16.2%
P/E
10.0
Peer P/E 12.2
P/S
2.1
Peer P/E
12.2
Similar listed perps
Free cash flow
$2.2B
Trailing 12 months
Net income
$3.6B
Trailing 12 months
Revenue estimate
$26.1B
Next fiscal year
Earnings
2027-02-16
Revenue est. $6.8B · Updated 31m ago
Dividend
$0.32
2026-09-15
Revenue (TTM)$19.7B+14.6% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)23.9%-0.5 pp vs a year agoOperating income $4.69B
Net income (TTM)$3.28B+15.3% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$1.67B+376.7% vs a year agoCapex $6.88B
Diluted EPS (TTM)$4.21-5.8% vs a year agoSum of the last 4 quarters
Net cash-$10.7B-48.4% vs a year agoCash + short-term investments - debt
  • Last report (2026-08-04): revenue beat by 23.4%, EPS beat by 12.1%Revenue $7.42B vs $6.01B expected (+23.4%); EPS $1.57 vs $1.40 (+12.1%).
  • Revenue growth accelerating: 73.1% year on yearQ2 '26 revenue $7.42B, against an average of -1.0% over the four quarters before.
  • Operating margin 23.9% (TTM), -0.5 pp on a year agoOperating income grew 12.4% while revenue grew 14.6%.
  • 11.5% of pre-tax profit is eaten by non-operating lossesPre-tax income $4.21B vs operating income $4.69B (TTM). Losses on equity stakes and other one-off items cut net income and EPS - operating income is the cleaner measure of the business.

Revenue, operating income and growth

quarterly

Revenue by business line

latest quarter
LineRevenuey/yShare
N G L Product Sales$5.11B+88.4%100.0%
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 313 lines Devon Energy Corporation reported to the SEC

Next catalyst

Catalysts

Earnings
2027-02-16
Revenue est. $6.8B · Updated 31m ago
Dividend
$0.32
2026-09-15

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20265.54$26.1B+52%14
FY 20275.21$24.7B+43%12
FY 20285.31$23.9B+39%9
FY 20294.93$23.5B+37%3
FY 20305.32$23.7B+38%3
Q1 20271.40$6.2B+64%5

Company events

6
2027-02-16EarningsActual - / Estimate 1.49-
2026-11-05Earnings · After market closeActual 1.42 / Estimate 1.33Beat
2026-09-15Dividend$0.32-
2026-08-04EarningsActual 1.57 / Estimate 1.4Beat
2026-06-15Dividend$0.32-
2026-05-05EarningsActual 1.04 / Estimate 1.06Miss

Peer comparison

Similar listed perps

Company data

Company intelligence

Updated: Nov 2, 2026, 04:26 PM UTC

Company profile

Sector
Energy
Industry
Oil & Gas Exploration & Production
Chief executive
Clay Gaspar
Employees
2,200
IPO date
Jul 22, 1985
Country
US
Exchange
New York Stock Exchange
Website
Altman Z-scorei1.88
Piotroski scorei5/9
Overall ratingiA-
Owner earningsi$3.67B$3.90 per share
ESG risk ratingiBIndustry rank: 93 out of 109

Rating factors

Return on equityi
3
Return on assetsi
3
Debt to equityi
3
Price to earningsi
3
Price to booki
4
Market cap history
$48.86B+17.0%Aug 26 – Oct 26
$41.76B$45.31B$48.86BLow: $41.76B · 2026-08-03Latest: $48.86B · 2026-10-30Aug 26Sep 26Oct 26
Latest: $48.86B · 2026-10-30High: $48.86B · 2026-10-30Low: $41.76B · 2026-08-03
M&A filings
Largest fund holders
FundWeightShares held
VTI0.07%34.9M
SCHD1.35%31.3M
VOO0.08%28.9M
XLE2.69%23.9M
VO0.5%23.6M
VWELX0.88%22.9M
IVV0.09%14.7M
XSP.TO0.08%14.6M
SPY0.08%13.4M
FXAIX0.08%12.6M
AFTY1.83%11.7M
VTV0.19%10.5M

Analyst track record

How the analysts covering DVN have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings192534
Analysts3338
Buy / hold / sell170 / 22 / 0390 / 144 / 0
Upgrades / downgrades / initiations5 / 1 / 910 / 3 / 17
Price targets hit / missed29 / 147 (16%)115 / 385 (23%)
Avg. return after a rating (TipRanks)-17.1%-12.7%
Best / worst call+26.5% / -38.5%+30.2% / -42.5%

After buy calls on this stock: median 21-day move +0.5% vs S&P 500 -0.6% (n = 390)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Scott GruberCiti63% hit rate on this stock · 8 targets measuredBuytarget $67.00Aug 31, 2026
  2. Gabriele SorbaraSiebert Williams Shank & Co50% hit rate on this stock · 24 targets measuredBuytarget $71.00Nov 6, 2026
  3. Paul ChengScotiabank50% hit rate on this stock · 20 targets measuredHoldtarget $41.00Feb 23, 2026

Latest ratings

DateAnalystCallTarget
Nov 6, 2026David DeckelbaumStifel NicolausBuyMaintained$61.00
Nov 5, 2026Neil MehtaGoldman SachsBuyMaintained$59.00
Nov 6, 2026Mark LearScotiabankBuyMaintained$61.00
Nov 6, 2026Gabriele SorbaraSiebert Williams Shank & CoBuyMaintained$71.00
Nov 6, 2026Betty JiangBarclaysBuyMaintained$57.00
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$35.00$40.00$45.00$50.00$55.00$60.00Dec 25 · Buy 21 · Hold 4 · Sell 0Dec 25Jan 26 · Buy 18 · Hold 5 · Sell 0Feb 26 · Buy 19 · Hold 4 · Sell 0Feb 26Mar 26 · Buy 19 · Hold 5 · Sell 0Apr 26 · Buy 19 · Hold 5 · Sell 0Apr 26May 26 · Buy 19 · Hold 5 · Sell 0Jun 26 · Buy 21 · Hold 4 · Sell 0Jun 26Jul 26 · Buy 22 · Hold 4 · Sell 0Aug 26 · Buy 23 · Hold 3 · Sell 0Aug 26Sep 26 · Buy 26 · Hold 2 · Sell 0Oct 26 · Buy 27 · Hold 2 · Sell 0Oct 26Nov 26 · Buy 27 · Hold 2 · Sell 0Dec 25 · avg. target $43.79Jan 26 · avg. target $43.82Feb 26 · avg. target $46.00Mar 26 · avg. target $51.14Apr 26 · avg. target $53.76May 26 · avg. target $58.33Jun 26 · avg. target $59.18Jul 26 · avg. target $58.91Aug 26 · avg. target $59.75Sep 26 · avg. target $60.22Oct 26 · avg. target $60.18Nov 26 · avg. target $60.18Dec 25 · month-end close $36.63Jan 26 · month-end close $40.21Feb 26 · month-end close $43.53Mar 26 · month-end close $50.32Apr 26 · month-end close $51.37May 26 · month-end close $44.49Jun 26 · month-end close $41.32Jul 26 · month-end close $45.13Aug 26 · month-end close $48.51Sep 26 · month-end close $46.04Oct 26 · month-end close $52.15Nov 26 · month-end close $52.15

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Nov 7, 2026 · 192 ratings

Frequently asked questions

Where can I trade DVN perpetual futures?

Devon Energy Corporation (DVN) perpetual futures trade on 2 crypto venues, including MEXC, BingX. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade DVN around the clock?

Yes. Unlike the underlying stock, DVN perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on DVN perpetuals?

Right now the DVN perp funding rate is +21.9% annualized (venue median), ranging from +21.9% to +21.9% across 2 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the DVN perp price compare to the Devon Energy Corporation stock?

The venue-median DVN perp mark is $42.7 versus a reference stock price of $42.6, a basis of +0.2%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a DVN perpetual future?

A DVN perpetual is a derivative that tracks the price of Devon Energy Corporation with no expiry date. It lets you take long or short exposure to Devon Energy Corporation on crypto venues, around the clock.

What is DVNUSDT perpetual?

DVNUSDT is the symbol most crypto exchanges use for the Devon Energy Corporation perpetual settled in USDT (Tether). It tracks the DVN share price through an index, trades 24/7 with leverage and never expires.

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