Devon Energy Corp. (DVN) poses a Brand-New Opportunity for Investors with beta value of 2.18

Devon Energy Corp. (NYSE: DVN) open the trading on Wednesday, with a bit cautious approach as it glided -1.52% to $50.40, before settling in for the price of $51.18 at the close. Taking a more long-term approach, DVN posted a 52-week range of $40.28-$55.09.

In the past 5-years timespan, the Energy sector firm’s annual sales growth was 32.26%. Meanwhile, its Annual Earning per share during the time was -1.04%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -7.98%. This publicly-traded company’s shares outstanding now amounts to $635.70 million, simultaneously with a float of $628.01 million. The organization now has a market capitalization sitting at $31.89 billion. At the time of writing, stock’s 50-day Moving Average stood at $49.23, while the 200-day Moving Average is $47.39.

Devon Energy Corp. (DVN) Ownership Facts and Figures

Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Oil & Gas E&P 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

So, what does the last quarter earnings report of the company that was made public on 12/31/2023 suggests? It has posted 1.46 earnings per share (EPS) beating the forecaster’s viewpoint (set at 1.38) by 0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.34 per share during the current fiscal year.

Devon Energy Corp.’s EPS decrease for this current 12-month fiscal period is -7.98% and is forecasted to reach 5.51 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 1.12. Alongside those numbers, its PE Ratio stands at $8.64, and its Beta score is 2.18. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.11. Similarly, its price to free cash flow for trailing twelve months is now 12.13.

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 1.34 in the next quarter, and analysts are predicting that it will be 5.51 at the market close of one year from today.

Technical Analysis of Devon Energy Corp. (DVN)

[Devon Energy Corp., DVN] recent stats showed that its last 5-days Average volume was poorer than the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 38.62% While, its Average True Range was 1.17.

Raw Stochastic average of Devon Energy Corp. (DVN) in the period of the previous 100 days is set at 67.92%, which indicates a major rise in contrast to 11.76% 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 19.29% that was lower than 20.55% volatility it exhibited in the past 100-days period.