Oklahoma City-based Devon Energy Corporation (DVN) explores and produces oil, natural gas, and natural gas liquids. With a market cap of $20.2 billion, Devon’s operations span the Delaware Basin, Eagle Ford, Anadarko Basin, Williston Basin, and other regions in North America.
The energy giant has significantly underperformed the broader market over the past year. Devon’s stock prices have tanked 37.5% over the past 52 weeks and 3.9% on a YTD basis, compared to the S&P 500 Index’s ($SPX) 12.3% surge over the past year and 3.3% dip on a YTD basis.
