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 1.45% and -6.23% over the past three months. DVN shares are trading -12.44% year to date (YTD), with the 12-month market performance down to -15.00% lower. It has a 12-month low price of $37.76 and touched a high of $54.63 over the same period. DVN has an average intraday trading volume of 7.68 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 -2.75%, -4.19%, and -13.37% respectively.
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Institutional ownership of Devon Energy Corp (NYSE: DVN) shares accounts for 73.70% of the company’s 635.70M shares outstanding.
It has a market capitalization of $24.29B and a beta (3y monthly) value of 2.07. The stock’s trailing 12-month PE ratio is 7.10, while the earnings-per-share (ttm) stands at $5.52. The company has a PEG of 7.10 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 2.00% over the week and 2.09% over the month.
Earnings per share for the fiscal year are expected to decrease by -14.71%, and 0.94% over the next financial year. EPS should grow at an annualized rate of 1.00% 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. Jefferies stated their Hold rating for the stock in a research note on October 03, 2024, with the firm’s price target at $45. Barclays was of a view on April 10, 2024 that the stock is Equal Weight, while Wells Fargo gave the stock Overweight rating on April 01, 2024, issuing a price target of $46- $59. Morgan Stanley on their part issued Overweight rating on December 11, 2023.
