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Devon Energy Corp (NYSE: DVN) closed the day trading at $37.61 down -0.90% from the previous closing price of $37.95. In other words, the price has decreased by -$0.90 from its previous closing price. On the day, 7.79 million shares were traded. DVN stock price reached its highest trading level at $38.145 during the session, while it also had its lowest trading level at $37.145.
Ratios:
For a better understanding of DVN, let’s 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.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Truist on November 07, 2024, Downgraded its rating to Hold and sets its target price to $43 from $49 previously.
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 24706009088 and an Enterprise Value of 33531009024. As of this moment, Devon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.97, and their Forward P/E ratio for the next fiscal year is 8.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.64 while its Price-to-Book (P/B) ratio in mrq is 1.73. Its current Enterprise Value per Revenue stands at 2.308 whereas that against EBITDA is 4.399.
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 $37.28. The 50-Day Moving Average of the stock is -5.22%, while the 200-Day Moving Average is calculated to be -16.29%.
Shares Statistics:
Over the past 3-months, DVN traded about 8.30M shares per day on average, while over the past 10 days, DVN traded about 7344070 shares per day. A total of 658.00M shares are outstanding, with a floating share count of 628.52M. Insiders hold about 4.32% of the company’s shares, while institutions hold 70.13% stake in the company. Shares short for DVN as of 1731628800 were 20344195 with a Short Ratio of 2.45, compared to 1728950400 on 18875192. Therefore, it implies a Short% of Shares Outstanding of 20344195 and a Short% of Float of 3.52.
Dividends & Splits
DVN’s forward annual dividend rate is 1.08, up from 2.0 a year ago. Against a Trailing Annual Dividend Yield of 0.052700922The stock’s 5-year Average Dividend Yield is 5.05.
