Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The price of Devon Energy Corp (NYSE: DVN) closed at $32.31 in the last session, up 1.16% from day before closing price of $31.94. In other words, the price has increased by $1.16 from its previous closing price. On the day, 9.8 million shares were traded. DVN stock price reached its highest trading level at $32.44 during the session, while it also had its lowest trading level at $31.65.
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 0.99 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 20746250240 and an Enterprise Value of 28783251456. As of this moment, Devon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.35, and their Forward P/E ratio for the next fiscal year is 7.28. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.25 while its Price-to-Book (P/B) ratio in mrq is 1.43. Its current Enterprise Value per Revenue stands at 1.805 whereas that against EBITDA is 3.71.
Stock Price History:
The Beta on a monthly basis for DVN is 1.13, which has changed by -0.2515636 over the last 52 weeks, in comparison to a change of 0.21149921 over the same period for the S&P500. Over the past 52 weeks, DVN has reached a high of $45.79, while it has fallen to a 52-week low of $25.89. The 50-Day Moving Average of the stock is -1.68%, while the 200-Day Moving Average is calculated to be -6.11%.
Shares Statistics:
According to the various share statistics, DVN traded on average about 8.02M shares per day over the past 3-months and 7382220 shares per day over the past 10 days. 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 71.91% stake in the company. Shares short for DVN as of 1752537600 were 15359149 with a Short Ratio of 1.92, compared to 1749772800 on 16829359. Therefore, it implies a Short% of Shares Outstanding of 15359149 and a Short% of Float of 2.7199999999999998.
Dividends & Splits
The forward annual dividend rate for DVN is 0.92, which was 1.25 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.03913588The 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 2025-06-13. Stock splits for the company last occurred on 2004-11-16 when the company split stock in a 2:1 ratio.
