Currently, there are 635.70M common shares owned by the public and among those 621.42M shares have been available to trade.
The company’s stock has a 5-day price change of 3.73% and -13.21% over the past three months. DVN shares are trading -8.04% year to date (YTD), with the 12-month market performance down to -9.07% lower. It has a 12-month low price of $38.81 and touched a high of $54.63 over the same period. DVN has an average intraday trading volume of 6.73 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 -1.80%, -6.28%, and -10.07% respectively.
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Institutional ownership of Devon Energy Corp. (NYSE: DVN) shares accounts for 74.10% of the company’s 635.70M shares outstanding.
It has a market capitalization of $25.75B and a beta (3y monthly) value of 2.07. The stock’s trailing 12-month PE ratio is 7.45, while the earnings-per-share (ttm) stands at $5.52. The company has a PEG of 1.22 and a Quick Ratio of 1.03 with the debt-to-equity ratio at 0.52. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.24% over the week and 2.24% over the month.
Analysts forecast that Devon Energy Corp. (DVN) will achieve an EPS of 1.2 for the current quarter, 1.31 for the next quarter and 5.56 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.91 while analysts give the company a high EPS estimate of 0.91. Comparatively, EPS for the current quarter was 1.65 a year ago. Earnings per share for the fiscal year are expected to decrease by -11.20%, and 7.67% over the next financial year. EPS should grow at an annualized rate of 6.10% over the next five years, compared to -1.04% over the past 5-year period.
Barclays coverage for the Devon Energy Corp. (DVN) stock in a research note released on April 10, 2024 offered a Equal Weight rating with a price target of $59. Wells Fargo was of a view on April 01, 2024 that the stock is Overweight, while Morgan Stanley gave the stock Overweight rating on December 11, 2023, issuing a price target of $48- $52. JP Morgan on their part issued Overweight rating on December 06, 2023.
