On Friday, Devon Energy Corp. (NYSE: DVN) was -0.89% down from the session before settling in for the closing price of $53.90. A 52-week range for DVN has been $40.28 – $54.93.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
It was noted that within the last five years, the titan of the Energy sector saw sales topped by 32.26%. When this article was written, the company’s average yearly earnings per share was at -11.49%. With a float of $630.34 million, this company’s outstanding shares have now reached $635.70 million.
The extent of productivity of a business whose workforce counts for 1900 workers is very important to gauge.
Devon Energy Corp. (DVN) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Devon Energy Corp. stocks. The insider ownership of Devon Energy Corp. is 0.73%, while institutional ownership is 70.98%. The most recent insider transaction that took place on Mar 04 ’24, was worth 666,300. In this transaction President and CEO of this company bought 15,000 shares at a rate of $44.42, taking the stock ownership to the 1,973,006 shares. Before that another transaction happened on Aug 04 ’23, when Company’s EVP and General Counsel sold 7,870 for $51.13, making the entire transaction worth $402,393. This insider now owns 210,548 shares in total.
Devon Energy Corp. (DVN) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.11 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -11.49% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -2.94% during the next five years compared to -1.04% drop over the previous five years of trading.
Devon Energy Corp. (NYSE: DVN) Trading Performance Indicators
You can see what Devon Energy Corp. (DVN) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.99. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.24. Likewise, its price to free cash flow for the trailing twelve months is 12.90.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.83, a number that is poised to hit 1.11 in the next quarter and is forecasted to reach 5.34 in one year’s time.
Technical Analysis of Devon Energy Corp. (DVN)
The latest stats from [Devon Energy Corp., DVN] show that its last 5-days average volume of 8.08 million was inferior to 8.13 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 79.09%. Additionally, its Average True Range was 1.01.
During the past 100 days, Devon Energy Corp.’s (DVN) raw stochastic average was set at 88.58%, which indicates a significant increase from 74.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.50% in the past 14 days, which was lower than the 19.95% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $46.63, while its 200-day Moving Average is $47.20. Now, the first resistance to watch is $54.59. This is followed by the second major resistance level at $55.75. The third major resistance level sits at $56.42. If the price goes on to break the first support level at $52.76, it is likely to go to the next support level at $52.09. The third support level lies at $50.93 if the price breaches the second support level.
Devon Energy Corp. (NYSE: DVN) Key Stats
There are 635,000K outstanding shares of the company, which has a market capitalization of 33.92 billion. As of now, sales total 15,258 M while income totals 3,747 M. Its latest quarter income was 4,145 M while its last quarter net income were 1,152 M.
