Upward Trajectory: Devon Energy Corp. (DVN) Posts a Slidee, Closing at 46.65

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The closing price of Devon Energy Corp. (NYSE: DVN) was $46.65 for the day, down -0.91% from the previous closing price of $47.08. In other words, the price has decreased by -$0.91 from its previous closing price. On the day, 7.66 million shares were traded. DVN stock price reached its highest trading level at $46.71 during the session, while it also had its lowest trading level at $45.9.


Our analysis of DVN’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.47. 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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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. On Aug 04 ’23, another insider, CAMERON DENNIS C, who serves as the EVP and General Counsel of the company, sold 7,870 shares for $51.13 each. As a result, the insider received 402,393 and left with 210,548 shares of the company.

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 29482801152 and an Enterprise Value of 35016798208. As of this moment, Devon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.89, and their Forward P/E ratio for the next fiscal year is 8.36. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.95 while its Price-to-Book (P/B) ratio in mrq is 2.43. Its current Enterprise Value per Revenue stands at 2.43 whereas that against EBITDA is 4.904.

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 -8.18%, while the 200-Day Moving Average is calculated to be -0.20%.

Shares Statistics:

DVN traded an average of 7.04M shares per day over the past three months and 7033570 shares per day over the past ten days. A total of 635.70M shares are outstanding, with a floating share count of 627.31M. Insiders hold about 0.74% of the company’s shares, while institutions hold 73.20% stake in the company. Shares short for DVN as of 1715731200 were 15809891 with a Short Ratio of 2.25, compared to 1713139200 on 16618196. Therefore, it implies a Short% of Shares Outstanding of 15809891 and a Short% of Float of 2.86.

Dividends & Splits

With its trailing 12-month dividend rate of 2.42, DVN has a forward annual dividend rate of 0.82. Against a Trailing Annual Dividend Yield of 0.05140187The stock’s 5-year Average Dividend Yield is 4.71.

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