Devon Energy Corp (NYSE: DVN)’s stock price has increased by 0.29 compared to its previous closing price of 31.11. However, the company has seen a 2.23% increase in its stock price over the last five trading sessions. zacks.com reported 2024-12-27 that Zacks.com users have recently been watching Devon Energy (DVN) quite a bit. Thus, it is worth knowing the facts that could determine the stock’s prospects.
Is It Worth Investing in Devon Energy Corp (NYSE: DVN) Right Now?
Devon Energy Corp (NYSE: DVN) has a higher price-to-earnings ratio of 5.78x compared to its average ratio, The 36-month beta value for DVN is at 2.03. Analysts have varying views on the stock, with 11 analysts rating it as a “buy,” 10 rating it as “overweight,” 12 as “hold,” and 0 as “sell.”
The public float for DVN is 623.94M, and currently, shorts hold a 4.15% of that float. The average trading volume for DVN on December 30, 2024 was 9.57M shares.
DVN’s Market Performance
The stock of Devon Energy Corp (DVN) has seen a 2.23% increase in the past week, with a -17.26% drop in the past month, and a -19.92% fall in the past quarter. The volatility ratio for the week is 1.97%, and the volatility levels for the past 30 days are at 2.49% for DVN. The simple moving average for the past 20 days is -7.57% for DVN’s stock, with a -29.00% simple moving average for the past 200 days.
Analysts’ Opinion of DVN
Many brokerage firms have already submitted their reports for DVN stocks, with JP Morgan repeating the rating for DVN by listing it as a “Neutral.” The predicted price for DVN in the upcoming period, according to JP Morgan is $43 based on the research report published on December 05, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see DVN reach a price target of $43, previously predicting the price at $49. The rating they have provided for DVN stocks is “Hold” according to the report published on November 07th, 2024.
Jefferies gave a rating of “Hold” to DVN, setting the target price at $45 in the report published on October 03rd of the current year.
DVN Trading at -15.42% 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 -42.89% of loss for the given period.
Volatility was left at 2.49%, however, over the last 30 days, the volatility rate increased by 1.97%, as shares sank -17.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.32% lower at present.
During the last 5 trading sessions, DVN rose by +2.23%, which changed the moving average for the period of 200-days by -34.19% in comparison to the 20-day moving average, which settled at $33.75. In addition, Devon Energy Corp saw -30.22% 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 1.92. 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 had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
