Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $32.69 in the prior trading day, Devon Energy Corp (NYSE: DVN) closed at $32.17, down -1.59%. In other words, the price has decreased by -$1.59 from its previous closing price. On the day, 6.26 million shares were traded. DVN stock price reached its highest trading level at $32.74 during the session, while it also had its lowest trading level at $32.125.
Ratios:
Our goal is to gain a better understanding of DVN by taking a closer look at its different ratios. 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 20656355328 and an Enterprise Value of 28693356544. As of this moment, Devon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.32, and their Forward P/E ratio for the next fiscal year is 7.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.94. 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 1.42. Its current Enterprise Value per Revenue stands at 1.8 whereas that against EBITDA is 3.698.
Stock Price History:
The Beta on a monthly basis for DVN is 1.08, which has changed by -0.3407787 over the last 52 weeks, in comparison to a change of 0.11936104 over the same period for the S&P500. Over the past 52 weeks, DVN has reached a high of $49.82, while it has fallen to a 52-week low of $25.89. The 50-Day Moving Average of the stock is -1.67%, while the 200-Day Moving Average is calculated to be -12.70%.
Shares Statistics:
The stock has traded on average 9.67M shares per day over the past 3-months and 7735600 shares per day over the last 10 days, according to various share statistics. A total of 644.00M shares are outstanding, with a floating share count of 609.29M. Insiders hold about 5.11% of the company’s shares, while institutions hold 72.41% stake in the company. Shares short for DVN as of 1745971200 were 20796187 with a Short Ratio of 2.15, compared to 1743379200 on 16434214. Therefore, it implies a Short% of Shares Outstanding of 20796187 and a Short% of Float of 3.6900000000000004.
Dividends & Splits
In the trailing 12 months, DVN’s forward annual dividend rate was 1.25, compared to 0.90 this year. Against a Trailing Annual Dividend Yield of 0.038237996The stock’s 5-year Average Dividend Yield is 5.17. The current Payout Ratio is 31.80% for DVN, which recently paid a dividend on 2025-03-14 with an ex-dividend date of 1749772800. Stock splits for the company last occurred on 2004-11-16 when the company split stock in a 2:1 ratio.
