Devon Energy Corporation (NYSE:DVN) went down by -2.98% from its latest closing price compared to the recent 1-year high of $31.99. The company’s stock price has collected -2.82% of loss in the last five trading sessions. The Wall Street Journal reported 17 hours ago that Exxon and Chevron’s Pains Won’t Easily Translate to Gains
Is It Worth Investing in Devon Energy Corporation (NYSE :DVN) Right Now?
Plus, the 36-month beta value for DVN is at 3.33. Opinions of the stock are interesting as 28 analysts out of 35 who provided ratings for Devon Energy Corporation declared the stock was a “buy,” while 2 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $33.72, which is $2.84 above the current price. DVN currently public float of 630.60M and currently shorts hold a 2.62% ratio of that float. Today, the average trading volume of DVN was 11.35M shares.
DVN’s Market Performance
DVN stocks went down by -2.82% for the week, with a monthly jump of 15.07% and a quarterly performance of 26.20%, while its annual performance rate touched 111.70%. The volatility ratio for the week stands at 3.90% while the volatility levels for the past 30 days are set at 4.17% for Devon Energy Corporation. The simple moving average for the period of the last 20 days is 9.09% for DVN stocks with a simple moving average of 72.19% for the last 200 days.
Analysts’ Opinion of DVN
Many brokerage firms have already submitted their reports for DVN stocks, with Raymond James repeating the rating for DVN by listing it as a “Strong Buy.” The predicted price for DVN in the upcoming period, according to Raymond James is $40 based on the research report published on June 01st of the current year 2021.
Evercore ISI, on the other hand, stated in their research note that they expect to see DVN reach a price target of $28. The rating they have provided for DVN stocks is “Outperform” according to the report published on April 28th, 2021.
Goldman gave a rating of “Buy” to DVN, setting the target price at $30.75 in the report published on March 23rd of the current year.
DVN Trading at 21.44% 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 -6.44% of loss for the given period.
Volatility was left at 4.17%, however, over the last 30 days, the volatility rate increased by 3.90%, as shares surge +16.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.98% upper at present.
During the last 5 trading sessions, DVN fell by -2.82%, which changed the moving average for the period of 200-days by +186.69% in comparison to the 20-day moving average, which settled at $27.65. In addition, Devon Energy Corporation saw 90.78% 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 CAMERON DENNIS C, who sale 9,632 shares at the price of $31.26 back on Jun 03. After this action, CAMERON DENNIS C now owns 316,658 shares of Devon Energy Corporation, valued at $301,096 using the latest closing price.
Humphers Jeremy D., the SVP-Chief Accounting Officer of Devon Energy Corporation, sale 1,500 shares at $29.78 during a trade that took place back on Jun 01, which means that Humphers Jeremy D. is holding 49,031 shares at $44,670 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 -15.00, with -5.10 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.