Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The price of Devon Energy Corp (NYSE: DVN) closed at $36.88 in the last session, down -1.57% from day before closing price of $37.47. In other words, the price has decreased by -$1.57 from its previous closing price. On the day, 5.09 million shares were traded. DVN stock price reached its highest trading level at $37.49 during the session, while it also had its lowest trading level at $36.69.
Ratios:
We take a closer look at DVN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.95 and its Current Ratio is at 1.04. In the meantime, Its Debt-to-Equity ratio is 0.64 whereas as Long-Term Debt/Eq ratio is at 0.60.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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.
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 24301338624 and an Enterprise Value of 32571680768. As of this moment, Devon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.07, and their Forward P/E ratio for the next fiscal year is 7.13. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.54 while its Price-to-Book (P/B) ratio in mrq is 1.66. Its current Enterprise Value per Revenue stands at 2.147 whereas that against EBITDA is 4.408.
Stock Price History:
The Beta on a monthly basis for DVN is 1.56, which has changed by -0.2761531 over the last 52 weeks, in comparison to a change of 0.08572841 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 3.90%, while the 200-Day Moving Average is calculated to be -6.86%.
Shares Statistics:
According to the various share statistics, DVN traded on average about 9.65M shares per day over the past 3-months and 7782180 shares per day over the past 10 days. A total of 650.70M shares are outstanding, with a floating share count of 615.94M. Insiders hold about 5.09% of the company’s shares, while institutions hold 73.57% stake in the company. Shares short for DVN as of 1741910400 were 18032766 with a Short Ratio of 1.87, compared to 1739491200 on 22076019. Therefore, it implies a Short% of Shares Outstanding of 18032766 and a Short% of Float of 3.1600002000000003.
Dividends & Splits
The forward annual dividend rate for DVN is 1.12, which was 1.45 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.038697626The 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 2025-03-14 with an ex-dividend date of 1741910400. Stock splits for the company last occurred on 2004-11-16 when the company split stock in a 2:1 ratio.
