The stock of Devon Energy Corp (DVN) has gone up by 9.23% for the week, with a -15.92% drop in the past month and a -21.11% drop in the past quarter. The volatility ratio for the week is 4.49%, and the volatility levels for the past 30 days are 5.74% for DVN. . The simple moving average for the past 20 days is -7.57% for DVN’s stock, with a -21.22% simple moving average for the past 200 days.
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 6.63x. The 36-month beta value for DVN is also noteworthy at 1.10. There are mixed opinions on the stock, with 12 analysts rating it as a “buy,” 8 rating it as “overweight,” 10 rating it as “hold,” and 0 rating it as “sell.”
The public float for DVN is 615.94M, and at present, short sellers hold a 2.67% of that float. The average trading volume of DVN on April 21, 2025 was 10.02M shares.
DVN) stock’s latest price update
Devon Energy Corp (NYSE: DVN) has experienced a rise in its stock price by 3.45 compared to its previous closing price of 29.30. However, the company has seen a gain of 9.23% in its stock price over the last five trading days. https://247wallst.com reported 2025-04-17 that Live Updates Live Coverage Has Ended Gaines and Losers Today 12:59 pm Winners: APA Corp (APA) up 5.27% Abbott Labs (ABT) up 4.37% Devon Energy (DVN) up 4.17% Marathon Petroleum (MPC) up 3.82% Losers: NVIDIA (NVDA) down 7.53% JB Hunt (JBHT) down 7.49% MD (AMD) down 7.30% Interpublic Group (IPG) down 5.71% China to Fight Until the End 11:42 am According to The White House press release, China now faces up to 245% tariffs on on imports, up from 145% and despite the number increase, China will “ignore” the numbers gain and plans to fight until the end of the tariff war. As of 11:45 am: Nasdaq Composite: -1.48% S&P 500: -0.74% Dow Jones Industrial Average: -.02% Shares of the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) are down 1% in morning trading Wednesday after Nvidia (NASDAQ:NVDA) announced it would take a massive $5.5 billion writedown in the first quarter. The artificial intelligence chipmaker said in a late-afternoon SEC filing yesterday the U.S. government was imposing new trade restrictions on its H20 AI chips that would require it to get a license to export them because they could be used in or diverted to a Chinese supercomputer. Due to the inventory of H20 chips it had on hand, as well as previously agreed to purchase commitments and related reserves, it would be taking the massive writedown. Erecting new barriers Nvidia had designed the H20 specifically to get around export restrictions of its previous chip, the H800. That was the one the Chinese AI firm DeepSeek used to build its R1 large language model that caused a tumult in the market when it launched earlier this year. The chips are cheaper and less powerful than Nvidia’s latest generation Blackwell chips that sell for tens of thousands of dollars. Pricing isn’t so straightforward though as the chips won’t be sold as a standalone product. It hits especially hard because earlier this month, Nvidia stock jumped on reports that Chinese tech companies, including Alibaba (NYSE:BABA), Tencent Holdings (OTC:TCEHY), and TikTok owner ByteDance, had ordered $16 billion worth of the H20 accelerators over the first three months of the year. Nvidia said the write off would be necessary because of the inventory of H20 chips it had on hand, purchase commitments, and related reserves. Nvidia will be reporting its fiscal 2026 first-quarter earnings results on May 26. The Dow Jones Industrial Average is down 200 points, or 0.5%, while the tech-heavy Nasdaq 100 was off almost 2%. Collateral damage The indices are also under pressure because Bloomberg reported little progress has been made between the European Union and the U.S. to resolve their trade differences. While the EU has proposed eliminating all tariffs in both directions, U.S. officials have so far rejected that because of other non-tariff restrictions U.S. goods face, including digital and AI regulations, along with various food standards. Other chipmakers on the S&P 500 are falling as well, including Advanced Micro Devices (NASDAQ:AMD) as it says it will take an $800 million hit due to tariffs. Its shares are down 6% because the new trade restrictions will affect its MI308 chips. Broadcom (NASDAQ:AVGO) is down 2.2% and Micron Technology (NASDAQ:MU) is off 1.7%. The impact of tech stocks on SPY is offsetting the positive news that retail sales rose 1.4% in March, in line with expectations and well ahead of the 0.2% gain seen in February. It was the best reading in more than two years. However, it is likely sales were pulled forward into the month due to consumers buying more ahead of tariffs going into effect. That suggests retail sales in future months won’t be as strong and feeds the fear the U.S. economy is growing slower than analysts had previously predicted. The post Live: SPDR S&P 500 ETF Trust (SPY) Falls From Nvidia, Trade Pressure appeared first on 24/7 Wall St..
Analysts’ Opinion of DVN
Many brokerage firms have already submitted their reports for DVN stocks, with Bernstein repeating the rating for DVN by listing it as a “Outperform.” The predicted price for DVN in the upcoming period, according to Bernstein is $45 based on the research report published on January 15, 2025 of the current year 2025.
The Benchmark Company, on the other hand, stated in their research note that they expect to see DVN reach a price target of $44. The rating they have provided for DVN stocks is “Buy” according to the report published on January 14th, 2025.
Wolfe Research gave a rating of “Outperform” to DVN, setting the target price at $45 in the report published on January 03rd of the current year.
DVN Trading at -11.33% 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 -42.55% of loss for the given period.
Volatility was left at 5.74%, however, over the last 30 days, the volatility rate increased by 4.49%, as shares sank -16.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.22% lower at present.
During the last 5 trading sessions, DVN rose by +9.23%, which changed the moving average for the period of 200-days by -36.50% in comparison to the 20-day moving average, which settled at $32.79. In addition, Devon Energy Corp saw -7.39% 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.
Stock Fundamentals for DVN
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.28 for the gross margin
The net margin for Devon Energy Corp stands at 0.18. The total capital return value is set at 0.14. Equity return is now at value 21.77, with 10.32 for asset returns.
Based on Devon Energy Corp (DVN), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.72. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is 9.78.
Currently, EBITDA for the company is 6.97 billion with net debt to EBITDA at 1.14. When we switch over and look at the enterprise to sales, we see a ratio of 1.79. The receivables turnover for the company is 7.97for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.04.
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.
