Currently, there are 635.70M common shares owned by the public and among those 630.34M shares have been available to trade.
The company’s stock has a 5-day price change of -1.40% and 23.74% over the past three months. DVN shares are trading 16.83% year to date (YTD), with the 12-month market performance down to -1.33% lower. It has a 12-month low price of $40.28 and touched a high of $55.09 over the same period. DVN has an average intraday trading volume of 8.04 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 3.59%, 13.27%, and 13.14% respectively.
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Institutional ownership of Devon Energy Corp. (NYSE: DVN) shares accounts for 70.98% of the company’s 635.70M shares outstanding.
It has a market capitalization of $33.45B and a beta (3y monthly) value of 2.19. The stock’s trailing 12-month PE ratio is 9.04, while the earnings-per-share (ttm) stands at $5.83. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.64% over the week and 1.87% over the month.
Analysts forecast that Devon Energy Corp. (DVN) will achieve an EPS of $Denison Mines Corp for the current quarter, $2.06 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Direxion Daily Real Estate Bull while analysts give the company a high EPS estimate of $DaVita Inc.. Comparatively, EPS for the current quarter was $DoubleVerify Holdings, Inc. a year ago. Earnings per share for the fiscal year are expected to decrease by -10.07%, and 5.33% over the next financial year. EPS should shrink at an annualized rate of -2.94% over the next five years, compared to -1.04% over the past 5-year period.
Looking at the support for the DVN, a number of firms have released research notes about the stock. Barclays stated their Equal Weight rating for the stock in a research note on April 10, 2024, with the firm’s price target at $59. Wells Fargo coverage for the Devon Energy Corp. (DVN) stock in a research note released on April 01, 2024 offered a Overweight rating with a price target of $59. Morgan Stanley was of a view on December 11, 2023 that the stock is Overweight, while JP Morgan gave the stock Overweight rating on December 06, 2023, issuing a price target of $57- $58. Pickering Energy Partners on their part issued Outperform rating on November 09, 2023.
