On Monday, Devon Energy Corp. (NYSE: DVN) was 0.41% up from the session before settling in for the closing price of $38.96. A 52-week range for DVN has been $37.76 – $54.63.
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Energy Sector giant saw their annual sales surged by 32.26% over the last five years. When this article was written, the company’s average yearly earnings per share was at -12.76%. With a float of $621.42 million, this company’s outstanding shares have now reached $635.70 million.
The firm has a total of 1900 workers. Let’s measure their productivity.
Devon Energy Corp. (DVN) Insider Activity
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 0.76%, while institutional ownership is 74.10%. The most recent insider transaction that took place on May 07 ’24, was worth 1,020,800. In this transaction EVP Human Resources and Admin of this company sold 20,000 shares at a rate of $51.04, taking the stock ownership to the 104,182 shares. Before that another transaction happened on Mar 04 ’24, when Company’s President and CEO bought 15,000 for $44.42, making the entire transaction worth $666,300. This insider now owns 1,973,006 shares in total.
Devon Energy Corp. (DVN) Earnings and Forecasts
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According to the Wall Street analysts, stocks earnings will be around -12.76% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.10% 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 1.03. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.59. Likewise, its price to free cash flow for the trailing twelve months is 8.13.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.52, a number that is poised to hit 1.16 in the next quarter and is forecasted to reach 5.22 in one year’s time.
Technical Analysis of Devon Energy Corp. (DVN)
Analysing the last 5-days average volume posted by the [Devon Energy Corp., DVN], we can find that recorded value of 10.37 million was better than the volume posted last year of 7.22 million. As of the previous 9 days, the stock’s Stochastic %D was 21.51%. Additionally, its Average True Range was 1.10.
During the past 100 days, Devon Energy Corp.’s (DVN) raw stochastic average was set at 10.09%, which indicates a significant decrease from 32.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.42% in the past 14 days, which was higher than the 27.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $43.10, while its 200-day Moving Average is $46.02. Now, the first resistance to watch is $39.53. This is followed by the second major resistance level at $39.94. The third major resistance level sits at $40.38. If the price goes on to break the first support level at $38.69, it is likely to go to the next support level at $38.25. Should the price break the second support level, the third support level stands at $37.84.
Devon Energy Corp. (NYSE: DVN) Key Stats
There are 632,000K outstanding shares of the company, which has a market capitalization of 24.50 billion. As of now, sales total 15,258 M while income totals 3,747 M. Its latest quarter income was 3,917 M while its last quarter net income were 844,000 K.
