Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
After finishing at $36.73 in the prior trading day, Devon Energy Corp (NYSE: DVN) closed at $36.46, down -0.74%. In other words, the price has decreased by -$0.74 from its previous closing price. On the day, 7.91 million shares were traded. DVN stock price reached its highest trading level at $37.1951 during the session, while it also had its lowest trading level at $36.43.
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 1.01 and its Current Ratio is at 1.11. In the meantime, Its Debt-to-Equity ratio is 0.65 whereas as Long-Term Debt/Eq ratio is at 0.65.
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.
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 23950571520 and an Enterprise Value of 32775573504. As of this moment, Devon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.76, and their Forward P/E ratio for the next fiscal year is 7.86. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.58 while its Price-to-Book (P/B) ratio in mrq is 1.68. Its current Enterprise Value per Revenue stands at 2.256 whereas that against EBITDA is 4.3.
Stock Price History:
The Beta on a monthly basis for DVN is 2.03, which has changed by -0.14191574 over the last 52 weeks, in comparison to a change of 0.24359846 over the same period for the S&P500. Over the past 52 weeks, DVN has reached a high of $54.63, while it has fallen to a 52-week low of $30.39. The 50-Day Moving Average of the stock is 1.98%, while the 200-Day Moving Average is calculated to be -15.08%.
Shares Statistics:
The stock has traded on average 10.10M shares per day over the past 3-months and 11213640 shares per day over the last 10 days, according to various share statistics. A total of 658.00M shares are outstanding, with a floating share count of 623.94M. Insiders hold about 5.02% of the company’s shares, while institutions hold 70.07% stake in the company. Shares short for DVN as of 1735603200 were 26385758 with a Short Ratio of 2.61, compared to 1732838400 on 21115548. Therefore, it implies a Short% of Shares Outstanding of 26385758 and a Short% of Float of 4.5600000000000005.
Dividends & Splits
In the trailing 12 months, DVN’s forward annual dividend rate was 2.0, compared to 1.10 this year. Against a Trailing Annual Dividend Yield of 0.054451402The stock’s 5-year Average Dividend Yield is 5.1. The current Payout Ratio is 49.17% for DVN, which recently paid a dividend on 2024-12-13 with an ex-dividend date of 1734048000. Stock splits for the company last occurred on 2004-11-16 when the company split stock in a 2:1 ratio.
