Devon Energy Corporation [DVN] stock is trading at $46.72, down -2.18%. An important factor to consider is whether the stock is rising or falling in short-term value. The DVN shares have gain 0.97% over the last week, with a monthly amount drifted -11.60%, and not seem to be holding up well over a long-time horizon.
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On 14, February 2023, Devon Energy Reports Fourth-Quarter and Full-Year 2022 Results; Declares Quarterly Dividend and Raises Fixed Dividend by 11 Percent in 2023. In a post published today on Yahoo Finance, Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the fourth-quarter and full year 2022. The company also declared its quarterly dividend. Devon’s earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon’s website, www.devonenergy.com.
From an analyst’s perspective:
Devon Energy Corporation [NYSE: DVN] stock has seen the most recent analyst activity on January 25, 2023, when Wells Fargo initiated its Equal Weight rating and assigned the stock a price target of $70. On October 19, 2022, Jefferies initiated with a Hold rating and assigned a price target of $75 on the stock. JP Morgan downgraded its rating to a Neutral but stick to its price target of $83 on September 15, 2022. Evercore ISI downgraded its rating to a In-line but $80 remained the price target by the analyst firm on June 07, 2022. Barclays downgraded its rating to Equal Weight for this stock on May 25, 2022, but kept the price target unchanged to $73. In a note dated March 02, 2022, The Benchmark Company downgraded an Hold rating on this stock.
Devon Energy Corporation [DVN] stock has fluctuated between $44.03 and $76.30 over the past year. Currently, Wall Street analysts expect the stock to reach $68.10 within the next 12 months. Devon Energy Corporation [NYSE: DVN] shares were valued at $46.72 at the most recent close of the market. An investor can expect a potential return of 45.76% based on the average DVN price forecast.
Analyzing the DVN fundamentals
Devon Energy Corporation [NYSE:DVN] reported sales of 4.35 billion for the most recent quarter, which represents a growth of 0.60%. The company generates $11,015,000 in revenue per employee, while its income per employee is $3,310,000. Gross Margin for this corporation currently stands at +45.26% with Operating Margin at +43.26%, Pretax Margin comes in at +39.21%, and Net Margin reading is +30.05%. To continue investigating profitability, this company’s Return on Assets is posted at 26.63, Equity is 58.33, Total Capital is 50.20, and Invested Capital is 35.45. An extended look at the Principal structure reveals enduring liabilities to the total capital of 37.56 and enduring liabilities to assets of 28.32.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 45.77 points at the first support level, and at 44.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.14, and for the 2nd resistance point, it is at 49.56.
Devon Energy Corporation [DVN] reported earnings per share of $2.18 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.12/share, meaning a difference of $0.06 and a surprise factor of 2.80%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $2.59 per share as compared to estimates of $2.38 per share, a difference of $0.21 representing a surprise of 8.80%.
Ratios To Look Out For
For context, Devon Energy Corporation’s Current Ratio is 1.30. On the other hand, the Quick Ratio is 1.19, and the Cash Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 2.03, the price to book ratio is 3.60 and the P/E (TTM) ratio is 5.12.
Transactions by insiders
The next item on our agenda is insider trading, which has seen 18 insider purchases totaling 450,887 shares and 27 insider sales totaling 218,987 shares over the past 3 months. Recent insider trading involved Gaspar Clay M, EVP and COO, that happened on Mar 14 when 20000.0 shares were purchased. President and CEO, Muncrief Richard E completed a deal on Mar 14 to buy 7500.0 shares. Meanwhile, President and CEO Muncrief Richard E bought 5000.0 shares on Feb 22.