Devon Energy Corporation (DVN) and the Battle of Fundamental vs. Technical


Devon Energy Corporation (NYSE:DVN) went up by 0.37% from its latest closing price when compared to the 1-year high value of $27.82 and move down -155%, while DVN stocks collected -0.64% of loss with the last five trading sessions. Barron's reported on 08/05/20 that Oil Stocks are Surprising Winners

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Devon Energy Corporation (NYSE:DVN) Worth an Investment?

Devon Energy Corporation (NYSE: DVN) The 36 Months beta value for DVN stocks is at 3.27, while 19 of the analysts out of 31 who provided ratings for Devon Energy Corporation stocks as a “buy” while 3 as overweight, 9 rated it as hold and 0 as sell. The average price we get from analysts is $16.81 which is $5.77 above current price. DVN currently has a short float of 1.86% and public float of 370.57M with average trading volume of 8.67M shares.

DVN Market Performance

DVN stocks went down by -0.64% for the week, with the monthly jump of 5.11% and a quarterly performance of -11.01%, while its annual performance rate touched -49.56%. The simple moving average for the period of the last 20 days is -3.97% for DVN stocks with the simple moving average of -27.36% for the last 200 days.

Analysts’ Opinion on Devon Energy Corporation (NYSE:DVN)

Many brokerage firms have already submitted their reports for DVN stocks, with CapitalOne repeating the rating for DVN shares by setting it to “Overweight”. The predicted price for DVN socks in the upcoming period according to CapitalOne is $20 based on the research report published on August 26, 2020.

Credit Suisse, on the other hand, stated in their research note that they expect to see DVN stock at the price of $15. The rating they have provided for DVN stocks is “Outperform” according to the report published on August 5, 2020.

JP Morgan gave “ Neutral” rating to DVN stocks, setting the target price at $15 in the report published on July 23, 2020.

DVN Stocks 0.00% Far from 50 Day Moving Average

After a stumble in the market that brought DVN to its low price for the period of the last 52 weeks, Devon Energy Corporation was unable to take a rebound, for now settling with -60.79% of loss for the given period.

The stock volatility was left at 4.38%, however, within the period of a single month, the volatility rate increased by 3.84%, while the shares sank at the distance of -1.62% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by -14.09% lower at the present time.

In the course of the last 5 trading sessions, DVN went down by -0.64%, which changed the moving average for the period of 200 days to the total of -50.05% of losses for the stock in comparison to the 20-day moving average settled at $11.44. In addition, Devon Energy Corporation saw -57.10% in overturn over the period of a single year with a tendency to cut further losses.

DVN Stock Insider Trading

Reports are indicating that there were more than several insider trading activities at Devon Energy Corporation (DVN), starting from Humphers Jeremy D., who sold 1,500 shares at the price of $11.47 back on Jun 01. After this action, Rushing now owns 66,137 shares of Devon Energy Corporation, valued at $17,205 with the latest closing price.

RATTIE KEITH O, the Director of Devon Energy Corporation, bought 10,000 shares at the value of $9.00 during a trade that took place back on Mar 09, which means that RATTIE KEITH O is holding 29,027 shares at the value of $90,000 based on the most recent closing price.

DVN Stock Fundamentals

The current profitability levels are settled at +4.67 for the present operating margin and +12.17 for gross margin. The net margin for Devon Energy Corporation stands at -1.28. Total capital return value is set at 2.31, while invested capital returns managed to touch -0.64. Equity return holds the value -62.00%, with -24.40% for asset returns.

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Based on Devon Energy Corporation (DVN), the company’s capital structure generated 78.51 points for debt to equity in total, while total debt to capital is set at the value of 43.98. Total debt to assets is settled at the value of 33.21 with long-term debt to equity ratio rests at 1.18 and long-term debt to capital is 78.21.

The value for Enterprise to Sales is 2.09 with debt to enterprise value settled at 0.34. The receivables turnover for Devon Energy Corporation is 7.38 with the total asset turnover at the value of 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.00.


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