On Friday, Devon Energy Corp (NYSE: DVN) opened higher 0.06% from the last session, before settling in for the closing price of $36.13. Price fluctuations for DVN have ranged from $30.39 to $54.63 over the past 52 weeks.
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Annual sales at Energy sector company grew by 41.62% over the past five years. Company’s average yearly earnings per share was noted -1.40% at the time writing. With a float of $615.94 million, this company’s outstanding shares have now reached $650.70 million.
Let’s look at the performance matrix of the company that is accounted for 2300 employees. In terms of profitability, gross margin is 28.49%, operating margin of 18.96%, and the pretax margin is 23.61%.
Devon Energy Corp (DVN) Insider Updates
A key investor’s attitude towards the stock of the Oil & Gas E&P industry is another important factor to consider. The insider ownership of Devon Energy Corp is 5.09%, while institutional ownership is 73.57%. 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.
Devon Energy Corp (DVN) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.13 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -1.40% per share during the next fiscal year.
Devon Energy Corp (NYSE: DVN) Trading Performance Indicators
Check out the current performance indicators for Devon Energy Corp (DVN). In the past quarter, the stock posted a quick ratio of 0.95. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.57, a number that is poised to hit 1.17 in the next quarter and is forecasted to reach 5.21 in one year’s time.
Technical Analysis of Devon Energy Corp (DVN)
Devon Energy Corp (NYSE: DVN) saw its 5-day average volume 9.03 million, a negative change from its year-to-date volume of 9.78 million. As of the previous 9 days, the stock’s Stochastic %D was 88.75%. Additionally, its Average True Range was 1.17.
During the past 100 days, Devon Energy Corp’s (DVN) raw stochastic average was set at 56.75%, which indicates a significant decrease from 91.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.48% in the past 14 days, which was lower than the 31.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $35.43, while its 200-day Moving Average is $39.87. Nevertheless, the first resistance level for the watch stands at $36.36 in the near term. At $36.58, the stock is likely to face the second major resistance level. The third major resistance level sits at $36.87. If the price goes on to break the first support level at $35.85, it is likely to go to the next support level at $35.56. Assuming the price breaks the second support level, the third support level stands at $35.34.
Devon Energy Corp (NYSE: DVN) Key Stats
There are currently 649,000K shares outstanding in the company with a market cap of 23.46 billion. Presently, the company’s annual sales total 15,940 M according to its annual income of 2,891 M. Last quarter, the company’s sales amounted to 4,403 M and its income totaled 639,000 K.
