Zacks Investment Research compares Devon Energy and Diamondback Energy, concluding Devon is the better investment choice despite both holding a Zacks Rank #3 (Hold). Devon benefits from a diversified multi-basin portfolio, a more attractive valuation at 5.19 times trailing EV/EBITDA versus Diamondback's 8.03 times, a higher dividend yield of 2.99% against 2.4%, a stronger return on equity of 15.22% compared with 7.76%, and a one-year share price gain of 32.1% versus 30.7%. Diamondback counters with lower debt to capital at 24.58% versus Devon's 35.22%, and stronger earnings growth projections of 14.75% in 2026 and 6.87% in 2027, while Devon's earnings per share are expected to decline 3.87% in 2026 before rising 0.61% in 2027. Devon plans capital expenditure of $4.9 billion in 2026, while Diamondback expects to invest $3.9 billion.
Devon Energy CorporationZacks concludes Devon is the better E&P investment, citing more attractive valuation, higher dividend yield, and stronger return on equity.
Diamondback Energy IncZacks ranks Diamondback as the worse investment choice compared to Devon, despite its lower debt and stronger earnings growth projections.