At the time of writing, Devon Energy Corp. [DVN] stock is trading at $44.59, down -0.13%. 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 gain 1.71% over the last week, with a monthly amount drifted -3.42%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Barclays started tracking the stock with Equal Weight rating on April 10, 2024, and set its price target to $59. On April 01, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $59 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $52 on December 11, 2023. JP Morgan upgraded its rating to a Overweight and raised its price target to $58 on December 06, 2023. Pickering Energy Partners upgraded its rating to Outperform for this stock on November 09, 2023. In a note dated October 17, 2023, Bernstein downgraded an Mkt Perform rating on this stock but restated the target price of $48.
For the past year, the stock price of Devon Energy Corp. fluctuated between $40.17 and $54.93. Currently, Wall Street analysts expect the stock to reach $64.04 within the next 12 months. Devon Energy Corp. [NYSE: DVN] shares were valued at $44.59 at the most recent close of the market. An investor can expect a potential return of 43.62% based on the average DVN price forecast.
Analyzing the DVN fundamentals
According to Devon Energy Corp. [NYSE:DVN], the company’s sales were 15.44B for trailing twelve months, which represents an 9.93% jump. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.29 and Total Capital is 0.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.49.
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 44.27 points at the first support level, and at 43.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.89, and for the 2nd resistance point, it is at 45.19.
Ratios To Look Out For
It is important to note that Devon Energy Corp. [NYSE:DVN] has a current ratio of 1.11. Further, the Quick Ratio stands at 1.03, while the Cash Ratio is 0.39. Considering the valuation of this stock, the price to sales ratio is 1.81, the price to book ratio is 2.23 and price to earnings (TTM) ratio is 8.08.
Transactions by insiders
Recent insider trading involved Cashion Tana K, EVP Human Resources and Admin, that happened on May 07 ’24 when 20000.0 shares were sold. President and CEO, Muncrief Richard E completed a deal on Mar 04 ’24 to buy 15000.0 shares.
