Devon Energy Corp (NYSE: DVN) is 4.77% higher on its value in year-to-date trading and has touched a low of $25.89 and a high of $50.02 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 $33.55 in the last trading session, with the day’s gains setting it 0.74%.
Currently trading at $34.29, the stock is 10.19% and 4.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.32 million and changing 2.21% at the moment leaves the stock -7.74% off its SMA200. DVN registered -32.00% loss for a year compared to 6-month loss of -11.83%.
The stock witnessed a 21.47% gain in the last 1 month and extending the period to 3 months gives it a -2.36%, and is 12.10% up 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 3.60% over the week and 3.31% over the month.
Devon Energy Corp (DVN) has around 2300 employees, a market worth around $22.02B and $16.54B in sales. Current P/E ratio is 7.80 and Fwd P/E is 8.12. Profit margin for the company is 16.86%. Distance from 52-week low is 32.44% and -31.45% from its 52-week high. The company has generated returns on investments over the last 12 months (12.12%).
with sales reaching $4.1B over the same period.The EPS is expected to shrink by -18.43% this year, but quarterly earnings will post 5.01% year-over-year. Quarterly sales are estimated to grow 4.56% in year-over-year returns.
Devon Energy Corp (DVN) Top Institutional Holders
The shares outstanding are 644.00M, and float is at 609.23M with Short Float at 3.41%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 75.71 million shares valued at $3.59 billion. The investor’s holdings represent 12.0939% of the DVN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 48.9 million shares valued at $2.32 billion to account for 7.8114 of the shares outstanding. The other top investors are STATE STREET CORP which holds 41.37 million shares representing 6.6089% and valued at over $1.96 billion, while GEODE CAPITAL MANAGEMENT, LLC holds 2.5058 of the shares totaling 15.69 million with a market value of $741.62 million.
Devon Energy Corp (DVN) Insider Activity
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