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In the latest session, Devon Energy Corp. (NYSE: DVN) closed at $38.14 down -1.17% from its previous closing price of $38.59. In other words, the price has decreased by -$1.17 from its previous closing price. On the day, 5.8 million shares were traded. DVN stock price reached its highest trading level at $38.69 during the session, while it also had its lowest trading level at $38.07.
Ratios:
For a deeper understanding of Devon Energy Corp.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.92. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 25402230784 and an Enterprise Value of 29423267840. As of this moment, Devon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.91, and their Forward P/E ratio for the next fiscal year is 7.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.55 while its Price-to-Book (P/B) ratio in mrq is 1.91. Its current Enterprise Value per Revenue stands at 1.995 whereas that against EBITDA is 3.941.
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 -7.60%, while the 200-Day Moving Average is calculated to be -15.68%.
Shares Statistics:
For the past three months, DVN has traded an average of 7.71M shares per day and 8367650 over the past ten days. 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 73.64% stake in the company. Shares short for DVN as of 1728950400 were 18875192 with a Short Ratio of 2.45, compared to 1726185600 on 19201933. Therefore, it implies a Short% of Shares Outstanding of 18875192 and a Short% of Float of 3.26.
Dividends & Splits
According to the company, the forward annual dividend rate for DVN is 0.85, from 2.05 in the trailing year. Against a Trailing Annual Dividend Yield of 0.05312257The stock’s 5-year Average Dividend Yield is 4.93.
