The price-to-earnings ratio for Devon Energy Corp. (NYSE: DVN) is above average at 7.39x. The 36-month beta value for DVN is also noteworthy at 2.06. There are mixed opinions on the stock, with 13 analysts rating it as a “buy,” 10 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
The public float for DVN is 621.42M, and at present, short sellers hold a 2.82% of that float. The average trading volume of DVN on September 23, 2024 was 6.62M shares.
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DVN) stock’s latest price update
Devon Energy Corp. (NYSE: DVN)’s stock price has decreased by -0.44 compared to its previous closing price of 40.97. However, the company has seen a 3.40% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-20 that Devon Energy’s Q2 2024 oil production hit a record 335 MBOD, surpassing expectations, showcasing the company’s robust operational performance. Devon boasts a top-10 net profit margin among large-cap US energy firms, with a 21.5% margin and strong profitability indicators. The company’s solid balance sheet, with a cash flow-to-debt ratio allowing debt payoff in one year, underscores its financial strength.
DVN’s Market Performance
DVN’s stock has risen by 3.40% in the past week, with a monthly drop of -6.44% and a quarterly drop of -10.49%. The volatility ratio for the week is 2.17% while the volatility levels for the last 30 days are 2.18% for Devon Energy Corp. The simple moving average for the past 20 days is -2.90% for DVN’s stock, with a -10.82% simple moving average for the past 200 days.
Analysts’ Opinion of DVN
Barclays, on the other hand, stated in their research note that they expect to see DVN reach a price target of $59. The rating they have provided for DVN stocks is “Equal Weight” according to the report published on April 10th, 2024.
Wells Fargo gave a rating of “Overweight” to DVN, setting the target price at $59 in the report published on April 01st of the current year.
DVN Trading at -7.26% 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 -25.34% of loss for the given period.
Volatility was left at 2.18%, however, over the last 30 days, the volatility rate increased by 2.17%, as shares sank -6.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.13% lower at present.
During the last 5 trading sessions, DVN rose by +3.40%, which changed the moving average for the period of 200-days by -8.71% in comparison to the 20-day moving average, which settled at $42.04. In addition, Devon Energy Corp. saw -8.78% 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 Cashion Tana K, who sale 20,000 shares at the price of $51.04 back on May 07 ’24. After this action, Cashion Tana K now owns 104,182 shares of Devon Energy Corp., valued at $1,020,800 using the latest closing price.
Muncrief Richard E, the President and CEO of Devon Energy Corp., purchase 15,000 shares at $44.42 during a trade that took place back on Mar 04 ’24, which means that Muncrief Richard E is holding 1,973,006 shares at $666,300 based on the most recent closing price.
Stock Fundamentals for DVN
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.32 for the gross margin
The net margin for Devon Energy Corp. stands at 0.23. The total capital return value is set at 0.2. Equity return is now at value 29.71, with 14.44 for asset returns.
Based on Devon Energy Corp. (DVN), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 1.09. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is 12.22.
Currently, EBITDA for the company is 7.38 billion with net debt to EBITDA at 0.75. When we switch over and look at the enterprise to sales, we see a ratio of 2.03. The receivables turnover for the company is 9.59for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
In summary, Devon Energy Corp. (DVN) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
