Devon Energy Corp (NYSE: DVN) has a higher price-to-earnings ratio of 7.19x compared to its average ratio. DVN has 36-month beta value of 2.06. Analysts have mixed views on the stock, with 13 analysts rating it as a “buy,” 10 as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for DVN is 651.79M, and currently, short sellers hold a 2.91% ratio of that float. The average trading volume of DVN on November 18, 2024 was 7.88M shares.
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DVN) stock’s latest price update
Devon Energy Corp (NYSE: DVN)’s stock price has soared by 0.80 in relation to previous closing price of 38.47. Nevertheless, the company has seen a loss of -0.46% in its stock price over the last five trading days. fool.com reported 2024-11-18 that These Top Oil Stocks Are Handing Their Investors a Lot of Cash, With Even More Expected to Flow to Shareholders in 2025 and Beyond
DVN’s Market Performance
Devon Energy Corp (DVN) has experienced a -0.46% fall in stock performance for the past week, with a -4.62% drop in the past month, and a -11.46% drop in the past quarter. The volatility ratio for the week is 2.79%, and the volatility levels for the past 30 days are at 2.40% for DVN. The simple moving average for the last 20 days is -0.54% for DVN’s stock, with a simple moving average of -13.96% for the last 200 days.
Analysts’ Opinion of DVN
Many brokerage firms have already submitted their reports for DVN stocks, with Truist repeating the rating for DVN by listing it as a “Hold.” The predicted price for DVN in the upcoming period, according to Truist is $43 based on the research report published on November 07, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see DVN reach a price target of $45. The rating they have provided for DVN stocks is “Hold” according to the report published on October 03rd, 2024.
DVN Trading at -3.12% 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 -29.02% of loss for the given period.
Volatility was left at 2.40%, however, over the last 30 days, the volatility rate increased by 2.79%, as shares sank -3.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.26% lower at present.
During the last 5 trading sessions, DVN fell by -0.39%, which changed the moving average for the period of 200-days by -6.03% in comparison to the 20-day moving average, which settled at $38.99. In addition, Devon Energy Corp saw -13.27% 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
- 0.31 for the gross margin
The net margin for Devon Energy Corp stands at 0.22. The total capital return value is set at 152.94. Equity return is now at value 26.27, with 12.49 for asset returns.
Based on Devon Energy Corp (DVN), the company’s capital structure generated 1.0 points at debt to capital in total, while cash flow to debt ratio is standing at 0.57. The debt to equity ratio resting at 622.26. The interest coverage ratio of the stock is 11.62.
Currently, EBITDA for the company is 7.48 billion with net debt to EBITDA at 1.21. When we switch over and look at the enterprise to sales, we see a ratio of 2.28. The receivables turnover for the company is 8.51for trailing twelve months and the total asset turnover is 500.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
To put it simply, Devon Energy Corp (DVN) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
