Devon Energy Corporation (NYSE:DVN) went up by 1.08% from its latest closing price compared to the recent 1-year high of $48.99. The company’s stock price has collected 10.99% of gains in the last five trading sessions. Barron’s reported on 01/06/22 that Exxon Could Go Even Bigger on Its Dividend
Is It Worth Investing in Devon Energy Corporation (NYSE :DVN) Right Now?
Devon Energy Corporation (NYSE:DVN) scored a price-to-earnings ratio above its average ratio, recording 28.28 x from its present earnings ratio. Plus, the 36-month beta value for DVN is at 3.03. 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 2 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $52.33, which is $2.75 above the current price. DVN currently public float of 640.77M and currently shorts hold a 2.62% ratio of that float. Today, the average trading volume of DVN was 10.64M shares.
DVN’s Market Performance
DVN stocks went up by 10.99% for the week, with a monthly jump of 12.52% and a quarterly performance of 26.78%, while its annual performance rate touched 187.26%. The volatility ratio for the week stands at 4.20% while the volatility levels for the past 30 days are set at 4.40% for Devon Energy Corporation. The simple moving average for the period of the last 20 days is 13.72% for DVN stocks with a simple moving average of 58.37% for the last 200 days.
Analysts’ Opinion of DVN
Many brokerage firms have already submitted their reports for DVN stocks, with The Benchmark Company repeating the rating for DVN by listing it as a “Buy.” The predicted price for DVN in the upcoming period, according to The Benchmark Company is $48 based on the research report published on November 03rd of the previous year 2021.
DVN Trading at 16.74% 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 -0.19% of loss for the given period.
Volatility was left at 4.40%, however, over the last 30 days, the volatility rate increased by 4.20%, as shares surge +15.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.43% upper at present.
During the last 5 trading sessions, DVN rose by +10.99%, which changed the moving average for the period of 200-days by +118.75% in comparison to the 20-day moving average, which settled at $43.32. In addition, Devon Energy Corporation saw 10.99% 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 Humphers Jeremy D., who sale 2,000 shares at the price of $40.64 back on Dec 14. After this action, Humphers Jeremy D. now owns 71,941 shares of Devon Energy Corporation, valued at $81,280 using the latest closing price.
Cashion Tana K, the SVP Human Resources and Admin of Devon Energy Corporation, sale 41,883 shares at $40.13 during a trade that took place back on Dec 14, which means that Cashion Tana K is holding 55,257 shares at $1,680,765 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 16.70, with 6.70 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 3.25, 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.