Devon Energy Corp (NYSE: DVN) on Friday, plunged -0.93% from the previous trading day, before settling in for the closing price of $38.68. Within the past 52 weeks, DVN’s price has moved between $37.76 and $54.63.
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Annual sales at Energy sector company grew by 32.26% over the past five years. The company achieved an average annual earnings per share of -14.71%. With a float of $621.42 million, this company’s outstanding shares have now reached $635.70 million.
Let’s look at the performance matrix of the company that is accounted for 1900 employees. In terms of profitability, gross margin is 32.04%, operating margin of 28.46%, and the pretax margin is 28.28%.
Devon Energy Corp (DVN) Insider Updates
Observing investor behavior towards Oil & Gas E&P industry stocks is more important than anything else. The insider ownership of Devon Energy Corp is 0.76%, while institutional ownership is 73.70%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -14.71% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 1.00% 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
Devon Energy Corp (DVN) is currently performing well based on its current performance indicators. A quick ratio of 1.03 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.54. Likewise, its price to free cash flow for the trailing twelve months is 7.88.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.52, a number that is poised to hit 1.09 in the next quarter and is forecasted to reach 4.92 in one year’s time.
Technical Analysis of Devon Energy Corp (DVN)
Devon Energy Corp (NYSE: DVN) saw its 5-day average volume 6.97 million, a negative change from its year-to-date volume of 7.33 million. As of the previous 9 days, the stock’s Stochastic %D was 16.48%. Additionally, its Average True Range was 0.96.
During the past 100 days, Devon Energy Corp’s (DVN) raw stochastic average was set at 4.79%, which indicates a significant decrease from 9.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.10% in the past 14 days, which was lower than the 27.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $41.03, while its 200-day Moving Average is $45.52. Nevertheless, the first resistance level for the watch stands at $38.91 in the near term. At $39.49, the stock is likely to face the second major resistance level. The third major resistance level sits at $39.87. If the price goes on to break the first support level at $37.95, it is likely to go to the next support level at $37.57. Assuming the price breaks the second support level, the third support level stands at $36.99.
Devon Energy Corp (NYSE: DVN) Key Stats
Market capitalization of the company is 23.77 billion based on 626,200K outstanding shares. Right now, sales total 15,258 M and income totals 3,747 M. The company made 3,917 M in profit during its latest quarter, and 844,000 K in sales during its previous quarter.
