Devon Energy Corp (NYSE: DVN) is -31.54% lower on its value in year-to-date trading and has touched a low of $25.89 and a high of $49.07 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DVN stock was last observed hovering at around $32.25 in the last trading session, with the day’s gains setting it 9379967.75%.
Currently trading at $9380000.0, the stock is -3.60% and -1.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.71 million and changing -1.36% at the moment leaves the stock -10.06% off its SMA200. DVN registered -2.81% loss for a year compared to 6-month loss of 1.82%. The firm has a 50-day simple moving average (SMA 50) of $32.1474 and a 200-day simple moving average (SMA200) of $35.3703.
The stock witnessed a 2.25% gain in the last 1 month and extending the period to 3 months gives it a -13.47%, and is -3.11% 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 1.72% over the week and 2.68% over the month.
Devon Energy Corp (DVN) has around 2300 employees, a market worth around $20.43B and $16.54B in sales. Current P/E ratio is 7.24 and Fwd P/E is 7.23. Profit margin for the company is 16.86%. Distance from 52-week low is 22.87% and -35.18% from its 52-week high. The company has generated returns on investments over the last 12 months (12.12%).
The EPS is expected to shrink by -18.24% this year.
Devon Energy Corp (DVN) Top Institutional Holders
1531.0 institutions hold shares in Devon Energy Corp (DVN), with institutional investors hold 78.30% of the company’s shares. The shares outstanding are 644.00M, and float is at 609.22M with Short Float at 2.76%. Institutions hold 77.66% of the Float.
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.
