A new trading day began on Tuesday, with Devon Energy Corp (NYSE: DVN) stock price down -1.59% from the previous day of trading, before settling in for the closing price of $38.96. DVN’s price has ranged from $37.76 to $54.63 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Energy sector saw sales topped by 32.26%. Meanwhile, its annual earnings per share averaged -16.81%. With a float of $651.89 million, this company’s outstanding shares have now reached $656.90 million.
The extent of productivity of a business whose workforce counts for 1900 workers is very important to gauge. In terms of profitability, gross margin is 49.51%, operating margin of 23.02%, and the pretax margin is 27.89%.
Devon Energy Corp (DVN) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas E&P Industry. The insider ownership of Devon Energy Corp is 0.76%, while institutional ownership is 70.34%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -16.81% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.00% 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
Here are Devon Energy Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.01. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.66.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.40, a number that is poised to hit 1.05 in the next quarter and is forecasted to reach 4.72 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 11.18 million was superior to 7.44 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 24.52%. Additionally, its Average True Range was 1.01.
During the past 100 days, Devon Energy Corp’s (DVN) raw stochastic average was set at 4.97%, which indicates a significant decrease from 14.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.86% in the past 14 days, which was lower than the 28.48% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.27, while its 200-day Moving Average is $45.42. Now, the first resistance to watch is $39.03. This is followed by the second major resistance level at $39.72. The third major resistance level sits at $40.09. If the price goes on to break the first support level at $37.97, it is likely to go to the next support level at $37.61. The third support level lies at $36.92 if the price breaches the second support level.
Devon Energy Corp (NYSE: DVN) Key Stats
With a market capitalization of 25.19 billion, the company has a total of 656,900K Shares Outstanding. Currently, annual sales are 15,258 M while annual income is 3,747 M. The company’s previous quarter sales were 4,024 M while its latest quarter income was 812,000 K.
