Devon Energy Corp. (NYSE: DVN) is 15.72% higher on its value in year-to-date trading and has touched a low of $40.28 and a high of $55.09 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DVN stock was last observed hovering at around $52.68 in the last trading session, with the day’s loss setting it -0.5%.
Currently trading at $52.18, the stock is 2.10% and 11.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.94 million and changing -0.95% at the moment leaves the stock 12.00% off its SMA200. DVN registered -3.10% loss for a year compared to 6-month gain of 9.75%.
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The stock witnessed a 9.58% loss in the last 1 month and extending the period to 3 months gives it a 25.78%, and is -3.62% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.72% over the week and 1.90% over the month.
Devon Energy Corp. (DVN) has around 1900 employees, a market worth around $33.13B and $15.11B in sales. Current P/E ratio is 8.95 and Fwd P/E is 9.65. Profit margin for the company is 24.72%. Distance from 52-week low is 29.54% and -5.28% from its 52-week high. The company has generated returns on investments over the last 12 months (20.72%).
The EPS is expected to shrink by -9.84% this year.
Devon Energy Corp. (DVN) Top Institutional Holders
The shares outstanding are 635.70M, and float is at 630.34M with Short Float at 2.44%.
Devon Energy Corp. (DVN) Insider Activity
The most recent transaction is an insider purchase by Muncrief Richard E,the company’sPresident and CEO. SEC filings show that Muncrief Richard E bought 15,000 shares of the company’s common stock on Mar 04 ’24 at a price of $44.42 per share for a total of $0.67 million. Following the purchase, the insider now owns 1.97 million shares.
Devon Energy Corp. disclosed in a document filed with the SEC on Aug 04 ’23 that CAMERON DENNIS C (EVP and General Counsel) sold a total of 7,870 shares of the company’s common stock. The trade occurred on Aug 04 ’23 and was made at $51.13 per share for $0.4 million. Following the transaction, the insider now directly holds 0.21 million shares of the DVN stock.
Still, SEC filings show that on May 05 ’23, CAMERON DENNIS C (EVP and General Counsel) disposed off 8,292 shares at an average price of $49.97 for $0.41 million. The insider now directly holds 218,418 shares of Devon Energy Corp. (DVN).
