The stock of Devon Energy Corp (NYSE: DVN) has increased by 0.29 when compared to last closing price of 37.84. Despite this, the company has experienced a -1.94% fall in its stock price over the last five trading sessions. fool.com reported 2024-12-01 that The major stock market indexes are hovering around all-time highs, but there are plenty of industries that have had their fair share of struggles so far this year.
Is It Worth Investing in Devon Energy Corp (NYSE: DVN) Right Now?
Devon Energy Corp (NYSE: DVN) has a price-to-earnings ratio of 7.03x that is above its average ratio. Additionally, the 36-month beta value for DVN is 2.03. There are mixed opinions on the stock, with 10 analysts rating it as a “buy,” 10 rating it as “overweight,” 11 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for DVN is 628.52M and currently, short sellers hold a 3.24% ratio of that float. The average trading volume of DVN on December 02, 2024 was 8.30M shares.
DVN’s Market Performance
DVN stock saw a decrease of -1.94% in the past week, with a monthly decline of -1.04% and a quarterly a decrease of -14.78%. The volatility ratio for the week is 2.29%, and the volatility levels for the last 30 days are 2.44% for Devon Energy Corp (DVN). The simple moving average for the past 20 days is -1.91% for DVN’s stock, with a -15.58% 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 -4.51% 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 -30.53% of loss for the given period.
Volatility was left at 2.44%, however, over the last 30 days, the volatility rate increased by 2.29%, as shares sank -1.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.37% lower at present.
During the last 5 trading sessions, DVN fell by -1.94%, which changed the moving average for the period of 200-days by -9.30% in comparison to the 20-day moving average, which settled at $38.69. In addition, Devon Energy Corp saw -15.13% 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 0.15. 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 0.76. 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 7.57 billion with net debt to EBITDA at 1.12. When we switch over and look at the enterprise to sales, we see a ratio of 2.21. The receivables turnover for the company is 8.51for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
In conclusion, Devon Energy Corp (DVN) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
