A new trading day began on August 04, 2022, with Devon Energy Corporation (NYSE: DVN) stock priced at $56.50, down -3.90% from the previous day of trading. During the day, the shares moved up to $56.60 and dropped to $54.34 before settling in for the closing price of $56.70. DVN’s price has ranged from $23.74 to $79.40 over the past 52 weeks.
Top 5 Cheap Stocks to Own Right Now
While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.
Sign up here to get your free report now. .
During the last 5-year period, the sales growth of Energy Sector giant was 3.40%. Meanwhile, its annual earnings per share averaged 161.70%. With a float of $644.00 million, this company’s outstanding shares have now reached $656.00 million.
Let’s determine the extent of company efficiency that accounts for 1600 employees. In terms of profitability, gross margin is +37.88, operating margin of +35.04, and the pretax margin is +21.08.
Devon Energy Corporation (DVN) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas E&P Industry. The insider ownership of Devon Energy Corporation is 0.80%, while institutional ownership is 84.80%. The most recent insider transaction that took place on Jul 05, was worth 242,956. In this transaction EVP and General Counsel of this company sold 4,537 shares at a rate of $53.55, taking the stock ownership to the 270,269 shares. Before that another transaction happened on Jun 14, when Company’s Director sold 7,000 for $69.67, making the entire transaction worth $487,690. This insider now owns 29,649 shares in total.
Devon Energy Corporation (DVN) Earnings and Forecasts
In its latest quarterly report, released on 3/30/2022, the company reported earnings of $1.88 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +20.24 while generating a return on equity of 45.82. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.45 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 161.70% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 27.50% during the next five years compared to 32.10% growth over the previous five years of trading.
Devon Energy Corporation (NYSE: DVN) Trading Performance Indicators
Here are Devon Energy Corporation’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.44. Likewise, its price to free cash flow for the trailing twelve months is 7.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.34, a number that is poised to hit 2.38 in the next quarter and is forecasted to reach 9.41 in one year’s time.
Technical Analysis of Devon Energy Corporation (DVN)
Looking closely at Devon Energy Corporation (NYSE: DVN), its last 5-days average volume was 15.58 million, which is a jump from its year-to-date volume of 12.91 million. As of the previous 9 days, the stock’s Stochastic %D was 31.86%. Additionally, its Average True Range was 3.06.
During the past 100 days, Devon Energy Corporation’s (DVN) raw stochastic average was set at 18.43%, which indicates a significant increase from 6.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 57.13% in the past 14 days, which was lower than the 59.11% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $62.12, while its 200-day Moving Average is $54.68. However, in the short run, Devon Energy Corporation’s stock first resistance to watch stands at $55.95. Second resistance stands at $57.40. The third major resistance level sits at $58.21. If the price goes on to break the first support level at $53.69, it is likely to go to the next support level at $52.88. Should the price break the second support level, the third support level stands at $51.43.
Devon Energy Corporation (NYSE: DVN) Key Stats
With a market capitalization of 34.09 billion, the company has a total of 660,000K Shares Outstanding. Currently, annual sales are 12,206 M while annual income is 2,813 M. The company’s previous quarter sales were 3,812 M while its latest quarter income was 989,000 K.