Devon Energy Corp (NYSE: DVN) is -1.34% 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 $31.42 in the last trading session, with the day’s gains setting it 0.87%.
Currently trading at $32.29, the stock is 0.65% and 1.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.81 million and changing 2.77% at the moment leaves the stock -10.54% off its SMA200. DVN registered -30.20% loss for a year compared to 6-month loss of -14.08%. The firm has a 50-day simple moving average (SMA 50) of $31.677 and a 200-day simple moving average (SMA200) of $36.1162.
The stock witnessed a 6.60% gain in the last 1 month and extending the period to 3 months gives it a -6.97%, and is 6.71% 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 2.16% over the week and 1.91% over the month.
Devon Energy Corp (DVN) has around 2300 employees, a market worth around $20.73B and $16.54B in sales. Current P/E ratio is 7.35 and Fwd P/E is 7.51. Profit margin for the company is 16.86%. Distance from 52-week low is 24.72% and -34.20% 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 -19.68% this year.
Devon Energy Corp (DVN) Top Institutional Holders
1524.0 institutions hold shares in Devon Energy Corp (DVN), with institutional investors hold 78.33% of the company’s shares. The shares outstanding are 644.00M, and float is at 609.29M with Short Float at 3.00%. Institutions hold 77.69% 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.
