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After finishing at $41.20 in the prior trading day, Devon Energy Corp. (NYSE: DVN) closed at $40.69, down -1.24%. In other words, the price has decreased by -$1.24 from its previous closing price. On the day, 7.49 million shares were traded. DVN stock price reached its highest trading level at $41.61 during the session, while it also had its lowest trading level at $40.63.
Ratios:
Our goal is to gain a better understanding of DVN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.80 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.45. For the most recent quarter (mrq), Quick Ratio is recorded 1.03 and its Current Ratio is at 1.11. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.48.
On April 10, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $59.Barclays initiated its Equal Weight rating on April 10, 2024, with a $59 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 07 ’24 when Cashion Tana K sold 20,000 shares for $51.04 per share. The transaction valued at 1,020,800 led to the insider holds 104,182 shares of the business.
Muncrief Richard E bought 15,000 shares of DVN for $666,300 on Mar 04 ’24. The President and CEO now owns 1,973,006 shares after completing the transaction at $44.42 per share.
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 26784559104 and an Enterprise Value of 31013816320. As of this moment, Devon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.38, and their Forward P/E ratio for the next fiscal year is 8.21. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.65 while its Price-to-Book (P/B) ratio in mrq is 2.04. Its current Enterprise Value per Revenue stands at 2.103 whereas that against EBITDA is 4.155.
Stock Price History:
Over the past 52 weeks, DVN has reached a high of $54.63, while it has fallen to a 52-week low of $37.76. The 50-Day Moving Average of the stock is -3.52%, while the 200-Day Moving Average is calculated to be -10.47%.
Shares Statistics:
The stock has traded on average 7.30M shares per day over the past 3-months and 7985760 shares per day over the last 10 days, according to various share statistics. A total of 635.70M shares are outstanding, with a floating share count of 621.42M. Insiders hold about 0.76% of the company’s shares, while institutions hold 74.08% stake in the company. Shares short for DVN as of 1727654400 were 22791260 with a Short Ratio of 3.12, compared to 1724976000 on 17540320. Therefore, it implies a Short% of Shares Outstanding of 22791260 and a Short% of Float of 3.9300002000000003.
Dividends & Splits
In the trailing 12 months, DVN’s forward annual dividend rate was 2.05, compared to 0.85 this year. Against a Trailing Annual Dividend Yield of 0.04975728The stock’s 5-year Average Dividend Yield is 4.93.
