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After finishing at $50.54 in the prior trading day, Devon Energy Corp. (NYSE: DVN) closed at $50.86, up 0.63%. In other words, the price has increased by $0.63 from its previous closing price. On the day, 5.86 million shares were traded. DVN stock price reached its highest trading level at $51.46 during the session, while it also had its lowest trading level at $50.6643.
Ratios:
Our goal is to gain a better understanding of DVN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 27.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.41. For the most recent quarter (mrq), Quick Ratio is recorded 0.97 and its Current Ratio is at 1.04. In the meantime, Its Debt-to-Equity ratio is 0.53 whereas as Long-Term Debt/Eq ratio is at 0.49.
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 this company, Barclays on April 10, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $59.
On April 01, 2024, Wells Fargo Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $46 to $59.
Morgan Stanley Upgraded its Equal-Weight to Overweight on December 11, 2023, whereas the target price for the stock was revised from $48 to $52.
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 Mar 04 ’24 when Muncrief Richard E bought 15,000 shares for $44.42 per share. The transaction valued at 666,300 led to the insider holds 1,973,006 shares of the business.
CAMERON DENNIS C sold 7,870 shares of DVN for $402,393 on Aug 04 ’23. The EVP and General Counsel now owns 210,548 shares after completing the transaction at $51.13 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 32143519744 and an Enterprise Value of 37677518848. As of this moment, Devon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.69, and their Forward P/E ratio for the next fiscal year is 9.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.13 while its Price-to-Book (P/B) ratio in mrq is 2.65. Its current Enterprise Value per Revenue stands at 2.615 whereas that against EBITDA is 5.277.
Stock Price History:
Over the past 52 weeks, DVN has reached a high of $55.09, while it has fallen to a 52-week low of $40.28. The 50-Day Moving Average of the stock is 2.89%, while the 200-Day Moving Average is calculated to be 8.59%.
Shares Statistics:
The stock has traded on average 7.71M shares per day over the past 3-months and 7109460 shares per day over the last 10 days, according to various share statistics. A total of 635.70M shares are outstanding, with a floating share count of 627.37M. Insiders hold about 0.73% of the company’s shares, while institutions hold 71.86% stake in the company. Shares short for DVN as of 1713139200 were 16618196 with a Short Ratio of 2.16, compared to 1710460800 on 16559251. Therefore, it implies a Short% of Shares Outstanding of 16618196 and a Short% of Float of 3.0.
Dividends & Splits
In the trailing 12 months, DVN’s forward annual dividend rate was 2.42, compared to 0.82 this year. Against a Trailing Annual Dividend Yield of 0.047882866The stock’s 5-year Average Dividend Yield is 4.65.
