Devon Energy Corp. [NYSE: DVN] loss -1.43% or -0.58 points to close at $40.08 with a heavy trading volume of 6177140 shares.
The daily chart for DVN points out that the company has recorded -22.47% loss over the past six months.
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If we look at the average trading volume of 7.56M shares, DVN reached to a volume of 6177140 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Devon Energy Corp. [DVN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DVN shares is $52.15 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 1.84. 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.
Jefferies have made an estimate for Devon Energy Corp. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 03, 2024. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Peer Perform. The new note on the price target was released on July 18, 2024, representing the official price target for Devon Energy Corp. stock. Previously, the target price had yet another raise to $59, while Barclays analysts kept a Equal Weight rating on DVN stock. On April 01, 2024, analysts increased their price target for DVN shares from 46 to 59.
The Average True Range (ATR) for Devon Energy Corp. is set at 1.07, with the Price to Sales ratio for DVN stock in the period of the last 12 months amounting to 1.63. The Price to Book ratio for the last quarter was 2.01, with the Price to Cash per share for the same quarter was set at 1.87. Price to Free Cash Flow for DVN in the course of the last twelve months was 8.32 with Quick ratio for the last quarter at 1.03.
Trading performance analysis for DVN stock
Devon Energy Corp. [DVN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.51. With this latest performance, DVN shares dropped by -1.74% in over the last four-week period, additionally sinking by -22.47% over the last 6 months – not to mention a drop of -16.48% 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 41.51, with the RSI for the last a single of trading hit 37.31, and the three-weeks RSI is set at 42.50 for Devon Energy Corp. [DVN]. The present Moving Average for the last 50 days of trading for this stock 42.06, while it was recorded at 40.64 for the last single week of trading, and 45.72 for the last 200 days.
Devon Energy Corp. [DVN]: A deeper dive into fundamental analysis
Devon Energy Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.03 and a Current Ratio set at 1.11.
Devon Energy Corp. [DVN]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Devon Energy Corp. posted 1.65/share EPS, while the average EPS was predicted by analysts to be reported at 1.57/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.08. 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 Corp. go to 1.00%.
An analysis of Institutional ownership at Devon Energy Corp. [DVN]
There are presently around $70.52%, or 71.04%% of DVN stock, in the hands of institutional investors. The top three institutional holders of DVN stocks are: VANGUARD GROUP INC with ownership of 75.71 million shares, which is approximately 12.0362%. BLACKROCK INC., holding 48.9 million shares of the stock with an approximate value of $$2.32 billion in DVN stocks shares; and BLACKROCK INC., currently with $$1.96 billion in DVN stock with ownership which is approximately 6.5774%.
