Devon Energy Corporation (NYSE:DVN) went down by -2.87% from its latest closing price compared to the recent 1-year high of $25.93. The company’s stock price has collected 9.05% of gains in the last five trading sessions. Barron’s reported on 04/28/21 that Stocks Close Lower After Fed Decision on Big Earnings Day
Is It Worth Investing in Devon Energy Corporation (NYSE :DVN) Right Now?
Plus, the 36-month beta value for DVN is at 3.36. Opinions of the stock are interesting as 27 analysts out of 34 who provided ratings for Devon Energy Corporation declared the stock was a “buy,” while 3 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $30.81, which is $7.39 above the current price. DVN currently public float of 625.84M and currently shorts hold a 2.14% ratio of that float. Today, the average trading volume of DVN was 11.62M shares.
DVN’s Market Performance
DVN stocks went up by 9.05% for the week, with a monthly jump of 7.00% and a quarterly performance of 43.15%, while its annual performance rate touched 92.96%. The volatility ratio for the week stands at 4.60% while the volatility levels for the past 30 days are set at 4.25% for Devon Energy Corporation. The simple moving average for the period of the last 20 days is 5.16% for DVN stocks with a simple moving average of 53.33% for the last 200 days.
Analysts’ Opinion of DVN
Many brokerage firms have already submitted their reports for DVN stocks, with Evercore ISI repeating the rating for DVN by listing it as a “Outperform.” The predicted price for DVN in the upcoming period, according to Evercore ISI is $28 based on the research report published on April 28th of the current year 2021.
Goldman, on the other hand, stated in their research note that they expect to see DVN reach a price target of $30.75. The rating they have provided for DVN stocks is “Buy” according to the report published on March 23rd, 2021.
Johnson Rice gave a rating of “Buy” to DVN, setting the target price at $37 in the report published on March 09th of the current year.
DVN Trading at 4.07% from the 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, the company was unable to rebound, for now settling with -9.83% of loss for the given period.
Volatility was left at 4.25%, however, over the last 30 days, the volatility rate increased by 4.60%, as shares sank -0.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.83% upper at present.
During the last 5 trading sessions, DVN rose by +9.05%, which changed the moving average for the period of 200-days by +117.69% in comparison to the 20-day moving average, which settled at $22.23. In addition, Devon Energy Corporation saw 49.03% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at DVN starting from KINDICK KELT, who sale 23,242 shares at the price of $23.83 back on Mar 10. After this action, KINDICK KELT now owns 51,639 shares of Devon Energy Corporation, valued at $553,857 using the latest closing price.
Felix Investments Holdings II,, the Director of Devon Energy Corporation, sale 29,579,389 shares at $21.05 during a trade that took place back on Feb 22, which means that Felix Investments Holdings II, is holding 59,158,779 shares at $622,646,138 based on the most recent closing price.
Stock Fundamentals for DVN
Current profitability levels for the company are sitting at:
- -5.74 for the present operating margin
- +1.50 for the gross margin
The net margin for Devon Energy Corporation stands at -54.50. The total capital return value is set at -2.97, while invested capital returns managed to touch -28.67. Equity return is now at value -82.20, with -25.70 for asset returns.
Based on Devon Energy Corporation (DVN), the company’s capital structure generated 157.82 points at debt to equity in total, while total debt to capital is 61.21. Total debt to assets is 45.93, with long-term debt to equity ratio resting at 157.50. Finally, the long-term debt to capital ratio is 61.09.
When we switch over and look at the enterprise to sales, we see a ratio of 1.76, with the company’s debt to enterprise value settled at 0.55. The receivables turnover for the company is 5.82 and the total asset turnover is 0.40. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.26.