Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Devon Energy Corp (NYSE: DVN) closed the day trading at $30.41 down -2.84% from the previous closing price of $31.30. In other words, the price has decreased by -$2.84 from its previous closing price. On the day, 7.57 million shares were traded. DVN stock price reached its highest trading level at $30.99 during the session, while it also had its lowest trading level at $29.945.
Ratios:
For a better understanding of DVN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.95 and its Current Ratio is at 1.04. In the meantime, Its Debt-to-Equity ratio is 0.64 whereas as Long-Term Debt/Eq ratio is at 0.60.
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.
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.
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 19563634688 and an Enterprise Value of 28375535616. As of this moment, Devon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.65, and their Forward P/E ratio for the next fiscal year is 6.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.26 while its Price-to-Book (P/B) ratio in mrq is 1.37. Its current Enterprise Value per Revenue stands at 1.87 whereas that against EBITDA is 3.84.
Stock Price History:
The Beta on a monthly basis for DVN is 1.04, which has changed by -0.39590782 over the last 52 weeks, in comparison to a change of 0.09969199 over the same period for the S&P500. Over the past 52 weeks, DVN has reached a high of $52.42, while it has fallen to a 52-week low of $25.89. The 50-Day Moving Average of the stock is -9.67%, while the 200-Day Moving Average is calculated to be -19.66%.
Shares Statistics:
Over the past 3-months, DVN traded about 9.92M shares per day on average, while over the past 10 days, DVN traded about 8011290 shares per day. A total of 650.70M shares are outstanding, with a floating share count of 610.56M. Insiders hold about 5.09% of the company’s shares, while institutions hold 74.13% stake in the company. Shares short for DVN as of 1744675200 were 17520451 with a Short Ratio of 1.77, compared to 1741910400 on 18032766. Therefore, it implies a Short% of Shares Outstanding of 17520451 and a Short% of Float of 3.1.
Dividends & Splits
DVN’s forward annual dividend rate is 1.12, up from 1.45 a year ago. Against a Trailing Annual Dividend Yield of 0.04632588The stock’s 5-year Average Dividend Yield is 5.15. The current Payout Ratio is 31.80% for DVN, which recently paid a dividend on 2025-03-14 with an ex-dividend date of 1741910400. Stock splits for the company last occurred on 2004-11-16 when the company split stock in a 2:1 ratio.
