Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
After finishing at $32.83 in the prior trading day, Devon Energy Corp (NYSE: DVN) closed at $32.35, down -1.46%. In other words, the price has decreased by -$1.46% from its previous closing price. On the day, 8.63 million shares were traded. DVN stock price reached its highest trading level at $32.85 during the session, while it also had its lowest trading level at $32.1.
Ratios:
Our goal is to gain a better understanding of DVN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.99 and its Current Ratio is at 1.08. In the meantime, Its Debt-to-Equity ratio is 0.62 whereas as Long-Term Debt/Eq ratio is at 0.58.
On January 14, 2025, The Benchmark Company Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $44.
Wolfe Research Upgraded its Peer Perform to Outperform on January 03, 2025, while the target price for the stock was maintained at $45.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DVN now has a Market Capitalization of 20771932160 and an Enterprise Value of 28808935424. As of this moment, Devon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.36, and their Forward P/E ratio for the next fiscal year is 7.36. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.74. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.26 while its Price-to-Book (P/B) ratio in mrq is 1.43. Its current Enterprise Value per Revenue stands at 1.807 whereas that against EBITDA is 3.713.
Stock Price History:
The Beta on a monthly basis for DVN is 1.06, which has changed by -0.30757707 over the last 52 weeks, in comparison to a change of 0.11213791 over the same period for the S&P500. Over the past 52 weeks, DVN has reached a high of $49.07, while it has fallen to a 52-week low of $25.89. The 50-Day Moving Average of the stock is 1.51%, while the 200-Day Moving Average is calculated to be -8.99%.
Shares Statistics:
The stock has traded on average 9.33M shares per day over the past 3-months and 10390870 shares per day over the last 10 days, according to various share statistics. A total of 644.00M shares are outstanding, with a floating share count of 609.23M. Insiders hold about 5.12% of the company’s shares, while institutions hold 72.24% stake in the company. Shares short for DVN as of 1748563200 were 16644301 with a Short Ratio of 1.78, compared to 1745971200 on 20796187. Therefore, it implies a Short% of Shares Outstanding of 16644301 and a Short% of Float of 2.9499999999999997.
Dividends & Splits
In the trailing 12 months, DVN’s forward annual dividend rate was 1.25, compared to 0.92 this year. Against a Trailing Annual Dividend Yield of 0.03807493The stock’s 5-year Average Dividend Yield is 5.18. The current Payout Ratio is 31.80% for DVN, which recently paid a dividend on 2025-06-13 with an ex-dividend date of 1749772800. Stock splits for the company last occurred on 2004-11-16 when the company split stock in a 2:1 ratio.
