Currently, there are 658.00M common shares owned by the public and among those 628.52M shares have been available to trade.
The company’s stock has a 5-day price change of -4.66% and -12.09% over the past three months. DVN shares are trading -15.89% year to date (YTD), with the 12-month market performance down to -14.16% lower. It has a 12-month low price of $37.28 and touched a high of $54.63 over the same period. DVN has an average intraday trading volume of 8.30 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 -2.70%, -5.22%, and -16.29% respectively.
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Institutional ownership of Devon Energy Corp (NYSE: DVN) shares accounts for 70.13% of the company’s 658.00M shares outstanding.
It has a market capitalization of $24.78B and a beta (3y monthly) value of 2.03. The stock’s trailing 12-month PE ratio is 6.97, while the earnings-per-share (ttm) stands at $5.40. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.29% over the week and 2.49% over the month.
Earnings per share for the fiscal year are expected to decrease by -17.82%, and -1.67% over the next financial year. EPS should shrink at an annualized rate of -7.00% 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. Truist stated their Hold rating for the stock in a research note on November 07, 2024, with the firm’s price target at $49-$43. Jefferies coverage for the Devon Energy Corp (DVN) stock in a research note released on October 03, 2024 offered a Hold rating with a price target of $45. Wolfe Research was of a view on July 18, 2024 that the stock is Peer Perform, while Barclays gave the stock Equal Weight rating on April 10, 2024, issuing a price target of $59. Wells Fargo on their part issued Overweight rating on April 01, 2024.