At the time of writing, Devon Energy Corp [DVN] stock is trading at $39.38, up 0.69%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DVN shares have gain 1.26% over the last week, with a monthly amount drifted -3.22%, and not 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 November 07, 2024, when Truist downgraded its rating to a Hold and also revised its price target to $43 from $49. On July 18, 2024, Wolfe Research initiated with a Peer Perform rating. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $59 on April 10, 2024. Wells Fargo upgraded its rating to a Overweight and raised its price target to $59 on April 01, 2024. Morgan Stanley upgraded its rating to Overweight for this stock on December 11, 2023, and upped its price target to $52. In a note dated December 06, 2023, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $57 to $58.
For the past year, the stock price of Devon Energy Corp fluctuated between $37.76 and $54.63. Currently, Wall Street analysts expect the stock to reach $58.88 within the next 12 months. Devon Energy Corp [NYSE: DVN] shares were valued at $39.38 at the most recent close of the market. An investor can expect a potential return of 49.52% based on the average DVN price forecast.
Analyzing the DVN fundamentals
According to Devon Energy Corp [NYSE:DVN], the company’s sales were 15.14B for trailing twelve months, which represents an -7.55% plunge. Gross Profit Margin for this corporation currently stands at 0.08% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.38%, and Net Profit Margin reading is 0.3%. To continue investigating profitability, this company’s Return on Assets is posted at 112.48, Equity is 0.37 and Total Capital is 152.94. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of622.26.
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 38.97 points at the first support level, and at 38.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.71, and for the 2nd resistance point, it is at 40.04.
Ratios To Look Out For
It is important to note that Devon Energy Corp [NYSE:DVN] has a current ratio of 1.11. As well, the Quick Ratio is 1.01, while the Cash Ratio is 0.23. Considering the valuation of this stock, the price to sales ratio is 1.71, the price to book ratio is 1.81 and price to earnings (TTM) ratio is 7.30.
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.
