The stock of Devon Energy Corp. (NYSE: DVN) has increased by 2.42 when compared to last closing price of 44.29.Despite this, the company has seen a loss of -0.57% in its stock price over the last five trading days. The Motley Fool reported 2023-11-19 that Black Hills is feeling the hit from higher interest rates but that’s an opportunity for long-term investors looking for a reliable dividend stock in the energy sector. Clearway Energy already has all the power needed to deliver upper-end dividend growth through 2026.
Is It Worth Investing in Devon Energy Corp. (NYSE: DVN) Right Now?
The price-to-earnings ratio for Devon Energy Corp. (NYSE: DVN) is above average at 7.76x, while the 36-month beta value is 2.24.
The public float for DVN is 636.51M, and currently, short sellers hold a 1.81% ratio of that floaft. The average trading volume of DVN on November 20, 2023 was 8.79M shares.
DVN’s Market Performance
The stock of Devon Energy Corp. (DVN) has seen a -0.57% decrease in the past week, with a -7.90% drop in the past month, and a -9.07% fall in the past quarter. The volatility ratio for the week is 2.29%, and the volatility levels for the past 30 days are at 2.43% for DVN. The simple moving average for the last 20 days is -2.01% for DVN’s stock, with a simple moving average of -8.93% for the last 200 days.
DVN Trading at -4.05% 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 -32.95% of loss for the given period.
Volatility was left at 2.43%, however, over the last 30 days, the volatility rate increased by 2.29%, as shares sank -6.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.86% lower at present.
During the last 5 trading sessions, DVN fell by -0.57%, which changed the moving average for the period of 200-days by -25.58% in comparison to the 20-day moving average, which settled at $46.14. In addition, Devon Energy Corp. saw -24.01% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at DVN starting from CAMERON DENNIS C, who sale 7,870 shares at the price of $51.13 back on Aug 04. After this action, CAMERON DENNIS C now owns 210,548 shares of Devon Energy Corp., valued at $402,393 using the latest closing price.
CAMERON DENNIS C, the EVP and General Counsel of Devon Energy Corp., sale 8,292 shares at $49.97 during a trade that took place back on May 05, which means that CAMERON DENNIS C is holding 218,418 shares at $414,351 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 Corp. 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 33.56, with 15.81 for asset returns.
Based on Devon Energy Corp. (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 2.19, 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.
In a nutshell, Devon Energy Corp. (DVN) has experienced a bad performance in recent times. The stock has received mixed “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.