Devon Energy Corp. (NYSE: DVN) has a higher price-to-earnings ratio of 8.94x compared to its average ratio. DVN has 36-month beta value of 2.16. Analysts have mixed views on the stock, with 13 analysts rating it as a “buy,” 10 as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for DVN is 630.35M, and currently, short sellers hold a 2.44% ratio of that float. The average trading volume of DVN on April 22, 2024 was 7.71M shares.
DVN) stock’s latest price update
Devon Energy Corp. (NYSE: DVN)’s stock price has plunge by 0.51relation to previous closing price of 51.83. Nevertheless, the company has seen a -1.11% plunge in its stock price over the last five trading sessions. 24/7 Wall Street reported 2024-04-21 that Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
DVN’s Market Performance
Devon Energy Corp. (DVN) has experienced a -1.11% fall in stock performance for the past week, with a 7.35% rise in the past month, and a 27.10% rise in the past quarter. The volatility ratio for the week is 2.26%, and the volatility levels for the past 30 days are at 1.91% for DVN. The simple moving average for the last 20 days is 0.55% for DVN stock, with a simple moving average of 11.60% for the last 200 days.
Analysts’ Opinion of DVN
Many brokerage firms have already submitted their reports for DVN stocks, with Barclays repeating the rating for DVN by listing it as a “Equal Weight.” The predicted price for DVN in the upcoming period, according to Barclays is $59 based on the research report published on April 10, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see DVN reach a price target of $59, previously predicting the price at $46. The rating they have provided for DVN stocks is “Overweight” according to the report published on April 01st, 2024.
Morgan Stanley gave a rating of “Overweight” to DVN, setting the target price at $52 in the report published on December 11th of the previous year.
DVN Trading at 9.44% 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 -5.44% of loss for the given period.
Volatility was left at 1.91%, however, over the last 30 days, the volatility rate increased by 2.26%, as shares surge +7.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.52% upper at present.
During the last 5 trading sessions, DVN fell by -1.37%, which changed the moving average for the period of 200-days by +9.27% in comparison to the 20-day moving average, which settled at $51.99. In addition, Devon Energy Corp. saw 15.54% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DVN starting from Muncrief Richard E, who purchase 15,000 shares at the price of $44.42 back on Mar 04 ’24. After this action, Muncrief Richard E now owns 1,973,006 shares of Devon Energy Corp., valued at $666,300 using the latest closing price.
CAMERON DENNIS C, the EVP and General Counsel of Devon Energy Corp., sale 7,870 shares at $51.13 during a trade that took place back on Aug 04 ’23, which means that CAMERON DENNIS C is holding 210,548 shares at $402,393 based on the most recent closing price.
Stock Fundamentals for DVN
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.34 for the gross margin
The net margin for Devon Energy Corp. stands at 0.25. The total capital return value is set at 0.16. Equity return is now at value 32.17, with 15.33 for asset returns.
Based on Devon Energy Corp. (DVN), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 1.06. The debt to equity ratio resting at 0.51. The interest coverage ratio of the stock is 9.71.
Currently, EBITDA for the company is 7.38 billion with net debt to EBITDA at 0.79. When we switch over and look at the enterprise to sales, we see a ratio of 2.59. The receivables turnover for the company is 9.49for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.
Conclusion
To put it simply, Devon Energy Corp. (DVN) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
