Devon Energy Corporation [NYSE: DVN] closed the trading session at $56.18 on 04/25/22. The day’s price range saw the stock hit a low of $53.12, while the highest price level was $56.45. The company report on April 7, 2022 that Danavation Technologies Continues Successful U.S. Market Penetration with Two Upcoming Installations of Digital Smart Labels™ into Ace-Branded Hardware Stores.
Increasing our presence and reach in the U.S., Danavation secures installations for two independently-owned locations within the Ace Hardware brand umbrella.
Once complete, will represent our second installation in California and first installation in South Carolina.
The stocks have a year to date performance of 27.54 percent and weekly performance of -11.58 percent. The stock has been moved at 43.59 percent over the last six months. The stock has performed -8.71 percent around the most recent 30 days and changed 16.24 percent over the most recent 3-months.
If compared to the average trading volume of 13.09M shares, DVN reached to a volume of 13582661 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $73.11 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 Hold, with their previous recommendation back on March 02, 2022. While these analysts kept the previous recommendation, Goldman raised their target price from $46 to $52. The new note on the price target was released on January 21, 2022, representing the official price target for Devon Energy Corporation stock. Previously, the target price had yet another raise from $50 to $57, while BofA Securities kept a Neutral rating on DVN stock.
The Average True Range (ATR) for Devon Energy Corporation is set at 2.78, with the Price to Sales ratio for DVN stock in the period of the last 12 months amounting to 3.40. The Price to Book ratio for the last quarter was 4.00, with the Price to Cash per share for the same quarter was set at 3.07. Price to Free Cash Flow for DVN in the course of the last twelve months was 11.68 with Quick ratio for the last quarter at 1.40.
DVN stock trade performance evaluation
Devon Energy Corporation [DVN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.58. With this latest performance, DVN shares dropped by -8.71% in over the last four-week period, additionally plugging by 43.59% over the last 6 months – not to mention a rise of 171.23% 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 40.87, with the RSI for the last a single of trading hit 34.42, and the three-weeks RSI is set at 45.03 for Devon Energy Corporation [DVN]. The present Moving Average for the last 50 days of trading for this stock 58.55, while it was recorded at 60.60 for the last single week of trading, and 43.19 for the last 200 days.
Devon Energy Corporation [DVN]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Devon Energy Corporation [DVN] shares currently have an operating margin of +35.04 and a Gross Margin at +37.88. Devon Energy Corporation’s Net Margin is presently recorded at +20.24.
Return on Equity for this stock inclined to 45.82, with Return on Assets sitting at 17.99.
Devon Energy Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.40.
Earnings per share (EPS) analysis for Devon Energy Corporation [DVN] stock
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 19.74%.
Devon Energy Corporation [DVN]: Insider Ownership positions
There are presently around $33,308 million, or 87.70% of DVN stock, in the hands of institutional investors. The top three institutional holders of DVN stocks are: VANGUARD GROUP INC with ownership of 74,797,975, which is approximately -1.999% of the company’s market cap and around 0.70% of the total institutional ownership; BLACKROCK INC., holding 54,742,953 shares of the stock with an approximate value of $3.18 billion in DVN stocks shares; and STATE STREET CORP, currently with $2.43 billion in DVN stock with ownership of nearly -1.157% of the company’s market capitalization.
Positions in Devon Energy Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 522 institutional holders increased their position in Devon Energy Corporation [NYSE:DVN] by around 41,181,485 shares. Additionally, 411 investors decreased positions by around 71,353,023 shares, while 114 investors held positions by with 461,052,906 shares. The mentioned changes placed institutional holdings at 573,587,414 shares, according to the latest SEC report filing. DVN stock had 213 new institutional investments in for a total of 12,191,228 shares, while 83 institutional investors sold positions of 9,910,700 shares during the same period.