Devon Energy Corp (NYSE: DVN) has experienced a rise in its stock price by 1.94 compared to its previous closing price of 38.70. However, the company has seen a gain of 2.55% in its stock price over the last five trading days. zacks.com reported 2024-11-22 that Devon Energy (DVN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
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 7.31x. The 36-month beta value for DVN is also noteworthy at 2.05. There are mixed opinions on the stock, with 13 analysts rating it as a “buy,” 10 rating it as “overweight,” 11 rating it as “hold,” and 0 rating it as “sell.”
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The public float for DVN is 628.30M, and at present, short sellers hold a 3.02% of that float. The average trading volume of DVN on November 25, 2024 was 7.97M shares.
DVN’s Market Performance
The stock of Devon Energy Corp (DVN) has seen a 2.55% increase in the past week, with a -0.15% drop in the past month, and a -12.12% fall in the past quarter. The volatility ratio for the week is 2.00%, and the volatility levels for the past 30 days are at 2.44% for DVN. The simple moving average for the past 20 days is 1.71% for DVN’s stock, with a -12.38% simple moving average for the past 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 -1.22% 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 -27.79% of loss for the given period.
Volatility was left at 2.44%, however, over the last 30 days, the volatility rate increased by 2.00%, as shares surge +0.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading unchanged at present.
During the last 5 trading sessions, DVN rose by +2.55%, which changed the moving average for the period of 200-days by -6.98% in comparison to the 20-day moving average, which settled at $38.79. In addition, Devon Energy Corp saw -11.77% 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 2.32. 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
In summary, Devon Energy Corp (DVN) has had a bad performance as of late. Analysts have bullish 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.
