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DVN vs. TRGP: Devon Energy vs. Targa Resources Stock Comparison

How do Devon Energy (DVN) and Targa Resources (TRGP) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Devon Energy (DVN) and Targa Resources (TRGP) both belong to the Oil, Gas & Consumable Fuels industry, though DVN is classified under Oil & Gas Exploration & Production while TRGP falls under Oil & Gas Storage & Transportation.

Company profile comparison for Devon Energy (DVN) and Targa Resources (TRGP)
Profile ItemDVNTRGP
NameDevon Energy CorporationTarga Resources Corp.
Country/RegionUnited StatesUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Exploration & ProductionOil & Gas Storage & Transportation
Market Capitalization48.11 billion USD56.77 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJuly 22, 1985December 7, 2010
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

DVN
TRGP
GSPC
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Devon Energy (DVN) vs. Targa Resources (TRGP), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Devon Energy (DVN) and Targa Resources (TRGP). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Devon Energy (DVN) and Targa Resources (TRGP). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Devon Energy (DVN) and Targa Resources (TRGP)
MetricDVNTRGP
Total Return (1Y)28.98%61.02%
Total Return (3Y, Annualized)1.94%51.25%
Total Return (5Y, Annualized)4.07%39.54%

Risk Profile

Drawdown History

DVN
TRGP
GSPC
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Devon Energy (DVN) vs. Targa Resources (TRGP), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Devon Energy (DVN) and Targa Resources (TRGP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Devon Energy (DVN) and Targa Resources (TRGP)
MetricDVNTRGP
Volatility (1Y, Annualized)35.86%29.62%
Beta (5Y)0.510.79
Max Drawdown (5Y)-60.83%-31.61%
Avg. Volume (3M)10.82M1.21M

Risk-Adjusted Performance

Risk-Return Positioning

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DVN and TRGP are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Devon Energy (DVN) and Targa Resources (TRGP)
MetricDVNTRGP
Sharpe Ratio (1Y)0.691.92
Sortino Ratio (1Y)0.992.91

Profitability

ROE (TTM)

Targa Resources (TRGP) at 73.42% clears its industry range for ROE, a sharper capital-efficiency signal than Devon Energy (DVN) at 12.56%, which is closer to a typical peer reading.

DVN

Energy industry group

12.56%

Max
53.85%
Q3
24.79%
Median
12.85%
DVN
12.56%
Q1
2.03%
Min
-29.09%

TRGP

Energy industry group

73.42%

TRGP
73.42%
Max
53.85%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%
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Devon Energy (DVN) vs. Targa Resources (TRGP): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Devon Energy (DVN) at 16.29% and Targa Resources (TRGP) at 13.46% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

DVN

Energy industry group

16.29%

Max
56.92%
Q3
22.92%
DVN
16.29%
Median
10.10%
Q1
0.07%
Min
-27.38%

TRGP

Energy industry group

13.46%

Max
56.92%
Q3
22.92%
TRGP
13.46%
Median
10.10%
Q1
0.07%
Min
-27.38%
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Devon Energy (DVN) vs. Targa Resources (TRGP): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Devon Energy (DVN) at 19.84% and Targa Resources (TRGP) at 19.58% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

DVN

Energy industry group

19.84%

Max
71.31%
Q3
33.75%
DVN
19.84%
Median
18.73%
Q1
6.94%
Min
-24.52%

TRGP

Energy industry group

19.58%

Max
71.31%
Q3
33.75%
TRGP
19.58%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Devon Energy (DVN) vs. Targa Resources (TRGP): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Devon Energy (DVN) and Targa Resources (TRGP)
MetricDVNTRGP
ROE (TTM)12.56%73.42%
ROA (TTM)6.52%9.52%
Net Margin (TTM)16.29%13.46%
Operating Margin (TTM)19.84%19.58%
Gross Margin (TTM)53.48%41.82%

Growth

Revenue Growth

Both Devon Energy (DVN) at 7.83% and Targa Resources (TRGP) at 3.95% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Devon Energy (DVN) vs. Targa Resources (TRGP): A comparison of their Revenue Growth across different time periods.

EPS Growth

Targa Resources (TRGP) at 46.92% sits in the top EPS growth quartile, while Devon Energy (DVN) at -8.55% is closer to the peer norm — faster per-share earnings growth for TRGP.

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Devon Energy (DVN) vs. Targa Resources (TRGP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Devon Energy (DVN) and Targa Resources (TRGP)
MetricDVNTRGP
Revenue Growth (YoY)7.83%3.95%
Revenue Growth (3Y CAGR)-3.57%-6.65%
EPS Growth (YoY)-8.55%46.92%
EPS Growth (3Y CAGR)-22.96%30.53%

Financial Strength

Current Ratio (MRQ)

Both Devon Energy (DVN) at 0.70 and Targa Resources (TRGP) at 0.74 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

DVN

Energy industry group

0.70

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
DVN
0.70
Min
0.24

TRGP

Energy industry group

0.74

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
TRGP
0.74
Min
0.24
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Devon Energy (DVN) vs. Targa Resources (TRGP): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Devon Energy (DVN) at 0.26 keeps leverage in the lower quartile, while Targa Resources (TRGP) at 5.01 is above its industry debt-to-equity ratio range.

DVN

Energy industry group

0.26

Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
DVN
0.26
Min
0.00

TRGP

Energy industry group

5.01

TRGP
5.01
Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
Min
0.00
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Devon Energy (DVN) vs. Targa Resources (TRGP): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Devon Energy (DVN) and Targa Resources (TRGP)
MetricDVNTRGP
Current Ratio (MRQ)0.700.74
Debt / Equity (MRQ)0.265.01
Net Debt / EBITDA1.053.38

Dividends

Dividend Yield (TTM)

Both Devon Energy (DVN) at 2.61% and Targa Resources (TRGP) at 1.75% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

DVN

Energy industry group

2.61%

Max
8.57%
Q3
3.58%
DVN
2.61%
Median
1.71%
Q1
0.00%
Min
0.00%

TRGP

Energy industry group

1.75%

Max
8.57%
Q3
3.58%
TRGP
1.75%
Median
1.71%
Q1
0.00%
Min
0.00%
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Devon Energy (DVN) vs. Targa Resources (TRGP): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Devon Energy (DVN) at 26.29% and Targa Resources (TRGP) at 39.82% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

DVN

Energy industry group

26.29%

Max
133.24%
Q3
53.31%
DVN
26.29%
Median
25.24%
Q1
0.00%
Min
0.00%

TRGP

Energy industry group

39.82%

Max
133.24%
Q3
53.31%
TRGP
39.82%
Median
25.24%
Q1
0.00%
Min
0.00%
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Devon Energy (DVN) vs. Targa Resources (TRGP): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Devon Energy (DVN) and Targa Resources (TRGP)
MetricDVNTRGP
Dividend Yield (TTM)2.61%1.75%
Dividend Payout Ratio (TTM)26.29%39.82%

Valuation

P/E Ratio (TTM)

Devon Energy (DVN) at 9.91 is near its industry’s usual P/E ratio, while Targa Resources (TRGP) at 23.42 sits in the richer quartile — TRGP needs stronger growth or earnings quality to justify the premium.

DVN

Energy industry group

9.91

Max
39.54
Q3
21.72
Median
12.19
DVN
9.91
Q1
7.71
Min
2.99

TRGP

Energy industry group

23.42

Max
39.54
TRGP
23.42
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99
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Devon Energy (DVN) vs. Targa Resources (TRGP): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Devon Energy (DVN) at 2.18 is priced about in line with its industry on P/S ratio, while Targa Resources (TRGP) at 3.12 sits in the pricier quartile — TRGP costs more per dollar of sales.

DVN

Energy industry group

2.18

Max
5.40
Q3
2.85
DVN
2.18
Median
1.69
Q1
0.88
Min
0.00

TRGP

Energy industry group

3.12

Max
5.40
TRGP
3.12
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00
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Devon Energy (DVN) vs. Targa Resources (TRGP): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Devon Energy (DVN) at 1.15 sits near its industry’s typical P/B ratio, while Targa Resources (TRGP) at 14.87 prices above its benchmark range — TRGP looks rich relative to book.

DVN

Energy industry group

1.15

Max
4.21
Q3
2.38
Median
1.51
DVN
1.15
Q1
1.08
Min
0.01

TRGP

Energy industry group

14.87

TRGP
14.87
Max
4.21
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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Devon Energy (DVN) vs. Targa Resources (TRGP): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Devon Energy (DVN) and Targa Resources (TRGP)
MetricDVNTRGP
P/E Ratio (TTM)9.9123.42
P/S Ratio (TTM)2.183.12
P/B Ratio (MRQ)1.1514.87
Free Cash Flow Yield (TTM)3.11%0.29%