The share price of Devon Energy Corporation [NYSE: DVN] inclined by $24.56, presently trading at $24.94. The company’s shares saw 22.43% gains compared to the lowest price in the period of the last 52 weeks, set at $20.37 recorded on 09/12/19. The last few days have been benevolent to the share price as DVN jumped by +6.90% during the last week, even though the stock is still down by -1.71% compared to 1.61 of all time high it touched on 09/10/19. However, the stock had a poor performance during the past 3 months, roughly gaining 3.98%, while additionally dropping -40.81% during the last 12 months. Devon Energy Corporation is said to have a 12-month price target set at $34.28. That means that the stock has a strong potential to acquire 9.34% increase from the current trading price.
Devon Energy Corporation [NYSE:DVN]: Analyst Rating and Earnings
Its stock price has been found in the range of 20.37 to 41.94. This is compared to its latest closing price of $24.56.
Keep your eyes peeled for the soon-to-be-published financial results of this company, which are expected to be made public on Tue 5 Nov (In 53 Days).
Fundamental Analysis of Devon Energy Corporation [DVN]
Now let’s turn to look at profitability: with a current Operating Margin for Devon Energy Corporation [DVN] sitting at +9.83 and its Gross Margin at +16.24, this company’s Net Margin is now 40.80%. These measurements indicate that Devon Energy Corporation [DVN] is generating considerably more profit, after expenses are accounted for, compared to its market peers.
This company’s Return on Total Capital is 5.02, and its Return on Invested Capital has reached 8.70%. Its Return on Equity is 8.19, and its Return on Assets is 3.03. These metrics all suggest that Devon Energy Corporation is doing well at using the money it earns to generate returns.
Turning to investigate this organization’s capital structure, Devon Energy Corporation [DVN] has generated a Total Debt to Total Equity ratio of 64.74. Similarly, its Total Debt to Total Capital is 39.30, while its Total Debt to Total Assets stands at 30.39. Looking toward the future, this publicly-traded company’s Long-Term Debt to Equity is 3.08, and its Long-Term Debt to Total Capital is 62.98.
What about valuation? This company’s Enterprise Value to EBITDA is 4.79 and its Total Debt to EBITDA Value is 2.12. The Enterprise Value to Sales for this firm is now 1.47, and its Total Debt to Enterprise Value stands at 0.40. Devon Energy Corporation [DVN] has a Price to Book Ratio of 1.10, a Price to Cash Flow Ratio of 5.03 and P/E Ratio of 3.07. These metrics all suggest that Devon Energy Corporation is more likely to generate a positive ROI.
Shifting the focus to workforce efficiency, Devon Energy Corporation [DVN] earns $3,492,069 for each employee under its payroll. Similarly, this company’s Receivables Turnover is 7.93 and its Total Asset Turnover is 0.41. This publicly-traded organization’s liquidity data is also interesting: its Quick Ratio is 1.99 and its Current Ratio is 1.99. This company, considering these metrics, has a healthy ratio between its short-term liquid assets and its short-term liabilities, making it a less risky investment.
Devon Energy Corporation [DVN] has 406.80M shares outstanding, amounting to a total market cap of $9.99B. Its stock price has been found in the range of 20.37 to 41.94. At its current price, it has moved down by -40.53% from its 52-week high, and it has moved up 22.43% from its 52-week low.
This stock’s Beta value is currently 2.35, which indicates that it is 4.40% more volatile that the wider market. This stock’s Relative Strength Index (RSI) is at 59.53. This RSI score is good, suggesting this stock is neither overbought or oversold.
Conclusion: Is Devon Energy Corporation [DVN] a Reliable Buy?
Shares of Devon Energy Corporation [DVN], overall, appear to be a solid investment option, with Wall Street analysts expecting its price to rise considerably in the next 12 months. This company generates high value from the labor resources and other capital it has available, and while it has heavy Long-Term Debt to Equity, the majority of the metrics point to this investment being highly attractive.