Devon Energy Corporation [DVN] shares are down more than -53.41% this year and recently increased 0.01% or $0.1 to settle at $9.42. DVN has a short ratio of 1.17. This implies that the market is currently less bullish on the outlook for DVN.

Analyst Birdseye View:

The most recent analyst activity for Devon Energy Corporation [NYSE:DVN] stock was on September 14, 2020, when it was Initiated with an Outperform rating from Northland Capital. Before that, on October 01, 2020, Truist Recapitulated a Buy rating and elevated its amount target to $16. On August 26, 2020, CapitalOne Upgrade an Overweight rating. On August 05, 2020, Credit Suisse Resumed an Outperform rating and increased its price target to $15. On July 23, 2020, JP Morgan Downgrade a Neutral rating. On July 21, 2020, Piper Sandler Upgrade an Overweight rating and boosted its amount target on this stock to $15. On June 19, 2020, Mizuho Upgrade a Buy rating. Piper Sandler elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $4.60 and a peak of $26.42. Right now, the middling Wall Street analyst 12-month amount mark is $16.00. At the most recent market close, shares of Devon Energy Corporation [NYSE:DVN] were valued at $9.42. According to the average price forecast, investors can expect a potential return of -3.75%.

FUNDAMENTAL ANALYSIS

Devon Energy Corporation [NYSE:DVN] most recently reported quarterly sales of 162.0 million, which represented growth of -78.20%. This publicly-traded organization’s revenue is $3,519,444 per employee, while its income is -$45,000 per employee. This company’s Gross Margin is currently 81.20%, its Operating Margin is -44.00%, its Pretax Margin is -1.72, and its Net Margin is -1.28. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -0.49, -1.08, 2.31 and -0.64 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 43.98 and the whole liability to whole assets at 33.21. It shows enduring liability to the whole principal at 43.82 and enduring liability to assets at 0.33 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 9.09 points at 1st support level, the second support level is making up to 8.76. But as of 1st resistance point, this stock is sitting at 9.60 and at 9.77 for 2nd resistance point.

Devon Energy Corporation [DVN] reported its earnings at -$0.18 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.26/share signifying the difference of 0.08 and 30.80% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.13 calling estimates for -$0.22/share with the difference of 0.35 depicting the surprise of 159.10%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Devon Energy Corporation [NYSE:DVN] is 2.30. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.96. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.64 and it’s amount to book ratio is 1.71.

Insider Stories

The most recent insider trade was by Humphers Jeremy D., SVP-Chief Accounting Officer, and it was the sale of 1500.0 shares on Sep 01. Humphers Jeremy D., the SVP-Chief Accounting Officer, completed a sale of 1500.0 shares on Jun 01. On Mar 09, RATTIE KEITH O, Director, completed a purchase of 10000.0 shares.