Don’t Be Fooled By Gain in Devon Energy Corporation [DVN] Stock

Devon Energy Corporation [DVN] shares are down more than -34.51% this year and recently increased 0.06% or $0.92 to settle at $14.92. Analysts expect DVN to grow earnings at a 20.00% annual rate over the next 5 years. DVN has a short ratio of 1.79. This implies that the market is currently less bullish on the outlook for DVN.

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On 2, December 2020, Devon Energy Announces First-Quarter 2021 Cash Dividend for Common Stockholders. According to news published on Yahoo Finance, Devon Energy Corp. (NYSE: DVN) announced today that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the first quarter of 2021. The dividend is payable on March 31, 2021, at a rate of $0.11 per share based on a record date of March 15, 2021.

Analyst Birdseye View:

The most recent analyst activity for Devon Energy Corporation [NYSE:DVN] stock was on October 01, 2020, when it was Upgrade with a Buy rating from Truist, which also raised its 12-month price target on the stock to $16. On September 14, 2020, Northland Capital Initiated an Outperform rating. 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 target amount on this stock from $10 to $15. Mizuho 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, according to Wall Street analyst the average 12-month amount target is $16.59. At the most recent market close, shares of Devon Energy Corporation [NYSE:DVN] were valued at $14.92. According to the average price forecast, investors can expect a potential return of -7.74%.


Devon Energy Corporation [NYSE:DVN] most recently reported quarterly sales of 1.15 billion, which represented growth of -38.90%. 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 80.20%, its Operating Margin is -59.30%, 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.

The Principal structure of this organization shows its whole liability to 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 13.74 points at 1st support level, the second support level is making up to 13.47. But as of 1st resistance point, this stock is sitting at 14.43 and at 14.85 for 2nd resistance point.

Devon Energy Corporation [DVN] reported its earnings at -$0.04 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.1/share signifying the difference of 0.06 and 60.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.18 calling estimates for -$0.26/share with the difference of 0.08 depicting the surprise of 30.80%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Devon Energy Corporation [NYSE:DVN] is 2.00. 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.