Devon Energy Corporation [DVN] moved up 1.08: Why It’s Important


Devon Energy Corporation [NYSE: DVN] jumped around 0.52 points on Friday, while shares priced at $48.89 at the close of the session, up 1.08%. The company report on January 5, 2022 that Devon Energy Schedules Fourth-Quarter and Full-Year 2021 Earnings Release and Conference Call.

Devon Energy Corp. (NYSE: DVN) today announced it will report fourth-quarter and full-year 2021 results on Tuesday, Feb. 15, after the close of U.S. financial markets. The earnings release and presentation for the fourth-quarter and full-year 2021 results will be available on the company’s website at

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On Wednesday, Feb. 16, the company will hold a conference call at 10:00 a.m. Central Time (11:00 a.m. Eastern Time), which will consist primarily of answers to questions from analysts and investors. A webcast link to the conference call will be provided on Devon’s website at A replay will be available on the website following the call.

Devon Energy Corporation stock is now 10.99% up from its year-to-date (YTD) trading value. DVN Stock saw the intraday high of $49.75 and lowest of $47.82 per share. The company’s 52-week high price is 48.99, which means current price is +11.19% above from all time high which was touched on 01/07/22.

Compared to the average trading volume of 10.64M shares, DVN reached a trading volume of 15481896 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Devon Energy Corporation [DVN]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DVN shares is $51.64 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DVN stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

The Benchmark Company have made an estimate for Devon Energy Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 03, 2021. While these analysts kept the previous recommendation, The Benchmark Company raised their target price to Hold. The new note on the price target was released on October 26, 2021, representing the official price target for Devon Energy Corporation stock. On June 18, 2021, analysts increased their price target for DVN shares from 28 to 32.

The Average True Range (ATR) for Devon Energy Corporation is set at 2.01, with the Price to Sales ratio for DVN stock in the period of the last 12 months amounting to 3.67. The Price to Book ratio for the last quarter was 3.68, with the Price to Cash per share for the same quarter was set at 3.47. Price to Free Cash Flow for DVN in the course of the last twelve months was 11.90 with Quick ratio for the last quarter at 1.20.

How has DVN stock performed recently?

Devon Energy Corporation [DVN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.99. With this latest performance, DVN shares gained by 12.52% in over the last four-week period, additionally plugging by 78.46% over the last 6 months – not to mention a rise of 187.26% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DVN stock in for the last two-week period is set at 68.46, with the RSI for the last a single of trading hit 72.48, and the three-weeks RSI is set at 63.79 for Devon Energy Corporation [DVN]. The present Moving Average for the last 50 days of trading for this stock 42.89, while it was recorded at 47.42 for the last single week of trading, and 32.15 for the last 200 days.

Devon Energy Corporation [DVN]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Devon Energy Corporation [DVN] shares currently have an operating margin of -5.74 and a Gross Margin at +1.50. Devon Energy Corporation’s Net Margin is presently recorded at -54.50.

Return on Total Capital for DVN is now -2.97, given the latest momentum, and Return on Invested Capital for the company is -28.67. Return on Equity for this stock declined to -58.64, with Return on Assets sitting at -21.56. When it comes to the capital structure of this company, Devon Energy Corporation [DVN] has a Total Debt to Total Equity ratio set at 157.82. Additionally, DVN Total Debt to Total Capital is recorded at 61.21, with Total Debt to Total Assets ending up at 45.93. Long-Term Debt to Equity for the company is recorded at 157.50, with the Long-Term Debt to Total Capital now at 61.09.

Reflecting on the efficiency of the workforce at the company, Devon Energy Corporation [DVN] managed to generate an average of -$1,819,286 per employee. Receivables Turnover for the company is 5.82 with a Total Asset Turnover recorded at a value of 0.40.Devon Energy Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.

Earnings analysis for Devon Energy Corporation [DVN]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DVN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Devon Energy Corporation go to 25.00%.

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Insider trade positions for Devon Energy Corporation [DVN]

There are presently around $29,646 million, or 90.40% of DVN stock, in the hands of institutional investors. The top three institutional holders of DVN stocks are: VANGUARD GROUP INC with ownership of 76,323,565, which is approximately 1.184% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 54,624,991 shares of the stock with an approximate value of $2.67 billion in DVN stocks shares; and STATE STREET CORP, currently with $2.07 billion in DVN stock with ownership of nearly 4.907% of the company’s market capitalization.

Positions in Devon Energy Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 459 institutional holders increased their position in Devon Energy Corporation [NYSE:DVN] by around 76,457,209 shares. Additionally, 309 investors decreased positions by around 55,662,335 shares, while 122 investors held positions by with 474,266,315 shares. The mentioned changes placed institutional holdings at 606,385,859 shares, according to the latest SEC report filing. DVN stock had 154 new institutional investments in for a total of 10,892,516 shares, while 78 institutional investors sold positions of 6,574,572 shares during the same period.