Devon Energy Corp [DVN] stock is trading at $37.57, up 7.71%. An important factor to consider is whether the stock is rising or falling in short-term value. The DVN shares have gain 6.98% over the last week, with a monthly amount drifted -1.00%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Devon Energy Corp [NYSE: DVN] stock has seen the most recent analyst activity on January 15, 2025, when Bernstein upgraded its rating to a Outperform but kept the price target unchanged to $45 for it. Previously, The Benchmark Company upgraded its rating to Buy on January 14, 2025, and kept the price target unchanged to $44. On January 03, 2025, upgrade upgraded it’s rating to Outperform but maintained its price target of $45 on the stock. JP Morgan downgraded its rating to a Neutral but stick to its price target of $43 on December 05, 2024. Truist downgraded its rating to a Hold and reduced its price target to $43 on November 07, 2024. In a note dated July 18, 2024, Wolfe Research initiated an Peer Perform rating.
Devon Energy Corp [DVN] stock has fluctuated between $30.39 and $54.63 over the past year. Currently, Wall Street analysts expect the stock to reach $49.6 within the next 12 months. Devon Energy Corp [NYSE: DVN] shares were valued at $37.57 at the most recent close of the market. An investor can expect a potential return of 32.02% based on the average DVN price forecast.
Analyzing the DVN fundamentals
Devon Energy Corp [NYSE:DVN] reported sales of 15.80B for the trailing twelve months, which represents a growth of 17.43%. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.37 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of645.23.
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 36.30 points at the first support level, and at 35.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.74, and for the 2nd resistance point, it is at 39.91.
Ratios To Look Out For
For context, Devon Energy Corp’s Current Ratio is 1.04. On the other hand, the Quick Ratio is 0.95, and the Cash Ratio is 0.23. Considering the valuation of this stock, the price to sales ratio is 1.56, the price to book ratio is 1.73 and price to earnings (TTM) ratio is 8.22.
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.
