With over 6.66 million Devon Energy Corp. (DVN) shares trading Monday and a closing price of $44.68 on the day, the dollar volume was approximately $297.63 million. The shares have shown a negative half year performance of -6.13% and its price on 12/04/23 lost nearly -1.08%. Currently, there are 653.00M common shares owned by the public and among those 636.42M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 32 analysts who have offered their price forecasts for DVN have a consensus price objective of $57.22. The analysts have set the share’s price value over the next 12 months at a high of $81.00 and a low of $47.00. The average price target is 21.92% above its recent price level and an upside to the estimated low will see the stock gain 4.94% over that period. But an upside of 44.84% will see the stock hit the forecast high price target while median target price for the stock is $54.00.
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Insiders at the company have transacted a total of 76 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 31 of these insider trades were purchases, accounting for 720,270 shares. Insider sales of the common stock occurred on 45 occasions, with total insider shares sold totaling 815,276 shares.
Shares of Devon Energy Corp. (NYSE: DVN) opened at $44.63, down -$0.54 from a prior closing price of $45.17. The company’s stock has a 5-day price change of -0.56% and -16.01% over the past three months. DVN shares are trading -25.15% year to date (YTD), with the 12-month market performance down to -31.30% lower. It has a 12-month low price of $42.59 and touched a high of $67.08 over the same period. DVN has an average intraday trading volume of 9.04 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.35%, -3.61%, and -8.98% respectively.
Institutional ownership of Devon Energy Corp. (NYSE: DVN) shares accounts for 70.68% of the company’s 653.00M shares outstanding.
It has a market capitalization of $28.63B and a beta (3y monthly) value of 2.24. The stock’s trailing 12-month PE ratio is 7.64, while the earnings-per-share (ttm) stands at $5.85. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.15% over the week and 2.25% over the month.
Analysts forecast that Devon Energy Corp. (DVN) will achieve an EPS of $Denison Mines Corp for the current quarter, $1.86 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $DaVita Inc. while analysts give the company a high EPS estimate of $iShares Select Dividend ETF. Comparatively, EPS for the current quarter was $Buenaventura Mining Company Inc a year ago. Earnings per share for the fiscal year are expected to decrease by -29.19%, and 9.44% over the next financial year. EPS should shrink at an annualized rate of -2.94% over the next five years, compared to 39.91% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 32 brokerage firm advisors rate Devon Energy Corp. (DVN) as a “Strong Buy” at a consensus score of 1.97. Specifically, 14 Wall Street analysts polled rate the stock as a buy, while 13 of the 32 advise that investors “hold,” and 0 rated it as a “Sell.”
