Devon Energy Corp. [DVN] stock is trading at $52.68, down -1.39%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DVN shares have lost -1.40% over the last week, with a monthly amount glided 10.07%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Devon Energy Corp. [NYSE: DVN] stock has seen the most recent analyst activity on April 10, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $59. Previously, Wells Fargo upgraded its rating to Overweight on April 01, 2024, and elevated its price target to $59. On December 11, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $52 on the stock. JP Morgan upgraded its rating to a Overweight and increased its price target to $58 on December 06, 2023. Pickering Energy Partners upgraded its rating to a Outperform. Bernstein downgraded its rating to Mkt Perform for this stock on October 17, 2023, but kept the price target unchanged to $48. In a note dated June 13, 2023, Goldman upgraded an Buy rating on this stock and revised its target price from $63 to $58.
Devon Energy Corp. [DVN] stock has fluctuated between $40.28 and $55.09 over the past year. Currently, Wall Street analysts expect the stock to reach $66.88 within the next 12 months. Devon Energy Corp. [NYSE: DVN] shares were valued at $52.68 at the most recent close of the market. An investor can expect a potential return of 26.96% based on the average DVN price forecast.
Analyzing the DVN fundamentals
Devon Energy Corp. [NYSE:DVN] reported sales of 15.11B for the trailing twelve months, which represents a drop of -12.20%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.33 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.51.
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 52.10 points at the first support level, and at 51.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.65, and for the 2nd resistance point, it is at 54.62.
Ratios To Look Out For
For context, Devon Energy Corp.’s Current Ratio is 1.07. Further, the Quick Ratio stands at 0.99, while the Cash Ratio is 0.3. Considering the valuation of this stock, the price to sales ratio is 2.21, the price to book ratio is 2.78 and price to earnings (TTM) ratio is 9.04.
Transactions by insiders
Recent insider trading involved Muncrief Richard E, President and CEO, that happened on Mar 04 ’24 when 15000.0 shares were purchased. EVP and General Counsel, CAMERON DENNIS C completed a deal on Aug 04 ’23 to sell 7870.0 shares. Meanwhile, EVP and General Counsel CAMERON DENNIS C sold 8292.0 shares on May 05 ’23.
