Devon Energy Corp (NYSE: DVN) kicked off on Monday, down -1.75% from the previous trading day, before settling in for the closing price of $35.96. Over the past 52 weeks, DVN has traded in a range of $30.39-$54.63.
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A company in the Energy sector has jumped its sales by 47.14% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded -17.56%. With a float of $623.94 million, this company’s outstanding shares have now reached $658.00 million.
In an organization with 1900 employees, it is important to assess its efficiency. 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 and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas E&P Industry. The insider ownership of Devon Energy Corp is 5.02%, while institutional ownership is 68.26%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -17.56% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -3.93% 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
Take a look at Devon Energy Corp’s (DVN) current performance indicators. Last quarter, 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 1.53.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.40, a number that is poised to hit 1.01 in the next quarter and is forecasted to reach 4.74 in one year’s time.
Technical Analysis of Devon Energy Corp (DVN)
Let’s dig in a bit further. During the last 5-days, its volume was 8.96 million. That was inferior than the volume of 10.46 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 12.85%. Additionally, its Average True Range was 1.05.
During the past 100 days, Devon Energy Corp’s (DVN) raw stochastic average was set at 36.09%, which indicates a significant increase from 32.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.47% in the past 14 days, which was higher than the 28.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $35.57, while its 200-day Moving Average is $42.85. However, in the short run, Devon Energy Corp’s stock first resistance to watch stands at $36.15. Second resistance stands at $36.98. The third major resistance level sits at $37.49. If the price goes on to break the first support level at $34.82, it is likely to go to the next support level at $34.31. The third support level lies at $33.48 if the price breaches the second support level.
Devon Energy Corp (NYSE: DVN) Key Stats
The company with the Market Capitalisation of 23.21 billion has total of 656,900K Shares Outstanding. Its annual sales at the moment are 15,258 M in contrast with the sum of 3,747 M annual income. Company’s last quarter sales were recorded 4,024 M and last quarter income was 812,000 K.
