Devon Energy Corp. (DVN) poses a Brand-New Opportunity for Investors with beta value of 2.21

Devon Energy Corp. (NYSE: DVN) established initial surge of 2.23% at $52.77, before settling in for the price of $51.62 at the close. Taking a more long-term approach, DVN posted a 52-week range of $40.28-$54.33.

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It was noted that the giant of the Energy sector posted annual sales growth of 32.26% over the last 5 years. Meanwhile, its Annual Earning per share during the time was -1.04%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -13.38%. This publicly-traded company’s shares outstanding now amounts to $635.70 million, simultaneously with a float of $630.38 million. The organization now has a market capitalization sitting at $33.51 billion. At the time of writing, stock’s 50-day Moving Average stood at $45.05, while the 200-day Moving Average is $47.01.

Devon Energy Corp. (DVN) Ownership Facts and Figures

Sometimes it is also beneficial to study the sentiment of large-scale investors towards the stock of the Devon Energy Corp. industry. Devon Energy Corp.’s current insider ownership accounts for 0.73%, in contrast to 71.54% institutional ownership. According to the most recent insider trade that took place on Mar 04 ’24, this organization’s President and CEO bought 15,000 shares at the rate of 44.42, making the entire transaction reach 666,300 in total value, affecting insider ownership by 1,973,006. Preceding that transaction, on Aug 04 ’23, Company’s EVP and General Counsel sold 7,870 for 51.13, making the whole transaction’s value amount to 402,393. This particular insider is now the holder of 210,548 in total.

Devon Energy Corp. (DVN) Earnings and Revenue Records

Going through the last 3-months fiscal report unveiled on the 12/30/2023, it has been observed that the corporation posted $1.41 earnings per share (EPS) during the time that was better the consensus figure (set at $1.4) by $0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.18 per share during the current fiscal year.

Devon Energy Corp.’s EPS decrease for this current 12-month fiscal period is -13.38% and is forecasted to reach 5.30 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will decrease by -2.94% through the next 5 years, which can be compared against the -1.04% growth it accomplished over the previous five years trading on the market.

Devon Energy Corp. (NYSE: DVN) Trading Performance Indicators

Let’s observe the current performance indicators for Devon Energy Corp. (DVN). It’s Quick Ratio in the last reported quarter now stands at 0.99. The Stock has managed to achieve an average true range (ATR) of 0.86. Alongside those numbers, its PE Ratio stands at $9.05, and its Beta score is 2.21. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.22. Similarly, its price to free cash flow for trailing twelve months is now 12.75.

In the same vein, DVN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 5.83, a figure that is expected to reach 1.09 in the next quarter, and analysts are predicting that it will be 5.30 at the market close of one year from today.

Technical Analysis of Devon Energy Corp. (DVN)

Now, what If we examine the latest scores posted by [Devon Energy Corp., DVN]. During the last 5-days, its volume was lower the volume of 8.15 million it reported in year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 97.14% While, its Average True Range was 0.86.

Raw Stochastic average of Devon Energy Corp. (DVN) in the period of the previous 100 days is set at 99.52%, which indicates a major rise in contrast to 98.94% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 14.12% that was lower than 21.19% volatility it exhibited in the past 100-days period.