DVN vs APA Stock Comparison: AI Score, Valuation, Performance and Upside
Devon Energy and APA Corp are both mid-cap independent exploration and production companies, but Devon concentrates its operations domestically with a strong Permian Basin focus, while APA maintains a more geographically diversified portfolio spanning US, Egyptian, and North Sea operations plus newer international exploration interests.
DVN offers concentrated, lower-risk Permian Basin exposure with a free-cash-flow-linked dividend, while APA offers international diversification plus exploration upside at the cost of additional geopolitical and execution risk. The tradeoff is between domestic focus and international growth optionality.
DVN holds the edge across 3 of 5 key metrics in this comparison. APA has delivered stronger 1-year price return (+115.54% vs +49.68%), though DVN has the better forward P/E setup (8.84x vs 10.18x for APA). On fundamentals, DVN is growing revenue faster (64.20%), while APA maintains the higher operating margin (56.33%) — a classic growth-versus-profitability split. Analyst consensus implies meaningfully more upside for DVN (+25.74%) than for APA (+1.77%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- Want concentrated exposure to Permian Basin oil and gas production
- Are comfortable with a variable dividend that fluctuates with free cash flow and commodity prices
- Prefer a domestically focused E&P without international political or currency risk
- Believe continued portfolio optimization can sharpen the company's core asset quality
- Want geographically diversified exposure spanning domestic and international basins
- See emerging international exploration interests as a source of long-term upside
- Are comfortable with the added political and currency risk of international operations
- Believe balance sheet deleveraging progress can improve the company's risk profile over time
| Metric | DVN | APA |
|---|---|---|
| AI scorei | 47.0 | 39.4 |
| AI ranki | #662 | #1254 |
| Latest closei | $48.63 | $48.82 |
| 1M returni | +2.06% | +11.77% |
| 3M returni | +9.11% | +32.41% |
| 6M returni | -5.13% | +16.18% |
| 1Y returni | +49.68% | +115.54% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | DVN | APA |
|---|---|---|
| 1Y ago | $14.82K (+48.2%) started 2025-11-03 | $21.71K (+117.1%) started 2025-11-03 |
| 5Y ago | $17.55K (+75.5%) started 2021-11-03 | $21.74K (+117.4%) started 2021-11-03 |
| 10Y ago | $24.63K (+146.3%) started 2016-11-03 | $13.46K (+34.6%) started 2016-11-03 |
Hypothetical — past performance does not guarantee future results.
| Metric | DVN | APA |
|---|---|---|
| Market capi | $52.08B | $15.67B |
| Trailing P/Ei | 10.29 | 9.44 |
| Forward P/Ei | 8.84 | 10.18 |
| Price/Salesi | N/A | N/A |
| EV/Revenuei | 3.36 | 2.34 |
| Analyst targeti | $59.54 | $45.52 |
| Target upsidei | +25.74% | +1.77% |
| Metric | DVN | APA |
|---|---|---|
| Revenue growthi | 64.20% | 9.20% |
| Earnings growthi | 44.00% | 26.30% |
| EPS growthi | +44.00% | +26.30% |
| FCF margini | +4.17% | +25.04% |
| Operating margini | 41.08% | 56.33% |
| Profit margini | 17.46% | 19.56% |
| ROIC proxyi | 11.52% | 26.66% |
| Return on equityi | 11.52% | 26.66% |
| Dividend yieldi | 2.72% | 2.24% |
| Payout ratioi | 22.66% | 21.14% |
| Dividend growth streaki | No increase yet | No increase yet |
| Betai | 0.42 | 0.37 |
| Debt/equityi | 28.49 | 48.85 |
| Current ratioi | 0.72 | 0.95 |
| Quick ratioi | 0.58 | 0.69 |
Over the past year, DVN and APA have moved strongly in the same direction (correlation of 0.81), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | DVN | APA |
|---|---|---|---|
| 1Y | Growthi | +48.17% | +117.07% |
| CAGRi | +48.36% | +117.63% | |
| Volatilityi | 34.75% | 44.79% | |
| Sharpe ratioi | 1.19 | 1.88 | |
| Sortino ratioi | 1.75 | 2.89 | |
| Max drawdowni | 22.70% | 28.20% | |
| Current drawdowni | 6.61% | 5.93% | |
| Avg drawdowni | 7.00% | 8.41% | |
| Ulcer Indexi | 9.26% | 11.53% | |
| Max daily dropi | 8.61% | 9.80% | |
| Max wkly dropi | 11.80% | 13.80% | |
| 5Y | Growthi | +41.17% | +95.53% |
| CAGRi | +7.14% | +14.36% | |
| Volatilityi | 39.89% | 47.59% | |
| Sharpe ratioi | 0.26 | 0.43 | |
| Sortino ratioi | 0.37 | 0.61 | |
| Max drawdowni | 60.83% | 70.47% | |
| Current drawdowni | 28.92% | 5.93% | |
| Avg drawdowni | 31.45% | 30.62% | |
| Ulcer Indexi | 35.08% | 35.60% | |
| Max daily dropi | 12.76% | 16.48% | |
| Max wkly dropi | 28.67% | 33.60% | |
| 10Y | Growthi | +66.87% | +7.68% |
| CAGRi | +5.25% | +0.74% | |
| Volatilityi | 49.28% | 58.46% | |
| Sharpe ratioi | 0.26 | 0.24 | |
| Sortino ratioi | 0.38 | 0.34 | |
| Max drawdowni | 88.51% | 93.49% | |
| Current drawdowni | 28.92% | 11.23% | |
| Avg drawdowni | 35.45% | 47.29% | |
| Ulcer Indexi | 40.47% | 50.82% | |
| Max daily dropi | 37.40% | 53.86% | |
| Max wkly dropi | 53.93% | 68.12% |
| Category | DVN | APA |
|---|---|---|
| Company | Devon Energy Corporation | APA Corporation |
| Sector | Energy | Energy |
| Industry | Oil & Gas E&P | Oil & Gas E&P |
| Core business | An independent exploration and production company focused primarily on US onshore oil and natural gas development, with core operations concentrated in the Permian Basin alongside other domestic shale plays. | An independent energy company with exploration and production operations spanning the Permian Basin, offshore Gulf of Mexico, Egypt, and the North Sea, alongside emerging international exploration interests. |
| Investor focus | Permian Basin production growth and efficiency, variable dividend payout consistency tied to free cash flow, and continued portfolio optimization through acquisitions and divestitures. | International exploration success in newer growth regions, cost management across a geographically diverse asset base, and balance sheet deleveraging progress. |
- Concentrated Permian Basin focus provides exposure to one of the most productive and lowest-cost US shale regions
- Variable dividend framework directly ties shareholder returns to free cash flow generation across commodity price cycles
- Active portfolio management through acquisitions and divestitures has been used to sharpen the company's core asset focus
- Geographically diversified production across domestic and international basins reduces reliance on any single region
- Emerging exploration interests in newer international growth areas offer potential long-term production upside
- Established operating presence in multiple long-standing international basins provides operational experience across varied regulatory environments
- Variable dividend payouts fluctuate with commodity prices, creating less predictable income for shareholders than a fixed dividend policy
- Domestic-only production mix provides less geographic diversification than internationally exposed E&P peers
- Continued reliance on Permian Basin drilling inventory quality to sustain production growth over the long term
- International operations expose the company to additional political, currency, and regulatory risk beyond typical US-focused E&P peers
- Success of newer exploration ventures remains unproven and carries typical exploration-stage uncertainty
- Balance sheet leverage requires continued free cash flow generation to support ongoing deleveraging efforts
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