Devon Energy Corporation (NYSE: DVN)’s stock price has increased by 1.14 compared to its previous closing price of 49.11. However, the company has seen a 4.11% increase in its stock price over the last five trading sessions. The Wall Street Journal reported on 11/06/22 that Frackers Say Oil Production Slowing in the Shale Patch
Is It Worth Investing in Devon Energy Corporation (NYSE: DVN) Right Now?
The price-to-earnings ratio for Devon Energy Corporation (NYSE: DVN) is 5.42x, which is above its average ratio. Moreover, the 36-month beta value for DVN is 2.37. Analysts have varying opinions on the stock, with 15 analysts rating it as a “buy,” 3 as “overweight,” 13 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for Devon Energy Corporation (DVN) is $64.57, which is $14.84 above the current market price. The public float for DVN is 638.76M and currently, short sellers hold a 2.27% of that float. On May 25, 2023, DVN’s average trading volume was 9.12M shares.
DVN’s Market Performance
The stock of Devon Energy Corporation (DVN) has seen a 4.11% increase in the past week, with a -6.65% drop in the past month, and a -8.43% fall in the past quarter. The volatility ratio for the week is 2.33%, and the volatility levels for the past 30 days are at 2.94% for DVN. The simple moving average for the last 20 days is 0.35% for DVN stock, with a simple moving average of -17.13% for the last 200 days.
DVN Trading at -1.72% 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 -34.90% of loss for the given period.
Volatility was left at 2.94%, however, over the last 30 days, the volatility rate increased by 2.33%, as shares sank -4.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.91% upper at present.
During the last 5 trading sessions, DVN rose by +4.11%, which changed the moving average for the period of 200-days by -13.65% in comparison to the 20-day moving average, which settled at $49.37. In addition, Devon Energy Corporation saw -18.12% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DVN starting from CAMERON DENNIS C, who sale 8,292 shares at the price of $49.97 back on May 05. After this action, CAMERON DENNIS C now owns 218,418 shares of Devon Energy Corporation, valued at $414,351 using the latest closing price.
Gaspar Clay M, the EVP and COO of Devon Energy Corporation, purchase 20,000 shares at $49.98 during a trade that took place back on Mar 14, which means that Gaspar Clay M is holding 477,032 shares at $999,600 based on the most recent closing price.
Stock Fundamentals for DVN
Current profitability levels for the company are sitting at:
- +43.26 for the present operating margin
- +45.26 for the gross margin
The net margin for Devon Energy Corporation stands at +30.05. The total capital return value is set at 50.20, while invested capital returns managed to touch 35.45. Equity return is now at value 55.40, with 25.40 for asset returns.
Based on Devon Energy Corporation (DVN), the company’s capital structure generated 60.16 points at debt to equity in total, while total debt to capital is 37.56. Total debt to assets is 28.32, with long-term debt to equity ratio resting at 57.72. Finally, the long-term debt to capital ratio is 36.04.
When we switch over and look at the enterprise to sales, we see a ratio of 1.88, with the company’s debt to enterprise value settled at 0.15. The receivables turnover for the company is 11.69 and the total asset turnover is 0.89. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.
Conclusion
To wrap up, the performance of Devon Energy Corporation (DVN) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
