A new trading day began on Monday, with Devon Energy Corp (NYSE: DVN) stock price down -0.90% from the previous day of trading, before settling in for the closing price of $37.95. DVN’s price has ranged from $37.28 to $54.63 over the past 52 weeks.
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During the last 5-year period, the sales growth of Energy Sector giant was 32.26%. Meanwhile, its annual earnings per share averaged -17.82%. With a float of $628.52 million, this company’s outstanding shares have now reached $658.00 million.
Let’s determine the extent of company efficiency that accounts for 1900 employees. In terms of profitability, gross margin is 30.68%, operating margin of 27.64%, and the pretax margin is 28.42%.
Devon Energy Corp (DVN) Insider Activity
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 4.32%, while institutional ownership is 70.13%. 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
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 1.41 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -17.82% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -7.00% 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 1.63.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.40, a number that is poised to hit 0.99 in the next quarter and is forecasted to reach 4.61 in one year’s time.
Technical Analysis of Devon Energy Corp (DVN)
Looking closely at Devon Energy Corp (NYSE: DVN), its last 5-days average volume was 7.89 million, which is a jump from its year-to-date volume of 7.43 million. As of the previous 9 days, the stock’s Stochastic %D was 23.20%. Additionally, its Average True Range was 0.94.
During the past 100 days, Devon Energy Corp’s (DVN) raw stochastic average was set at 3.81%, which indicates a significant decrease from 17.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.20% in the past 14 days, which was lower than the 28.68% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $39.68, while its 200-day Moving Average is $45.19. However, in the short run, Devon Energy Corp’s stock first resistance to watch stands at $38.12. Second resistance stands at $38.63. The third major resistance level sits at $39.12. If the price goes on to break the first support level at $37.12, it is likely to go to the next support level at $36.63. Should the price break the second support level, the third support level stands at $36.12.
Devon Energy Corp (NYSE: DVN) Key Stats
With a market capitalization of 24.71 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.
