While Devon Energy Corp has overperformed by 2.61%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DVN fell by -10.14%, with highs and lows ranging from $54.63 to $30.39, whereas the simple moving average fell by -6.49% in the last 200 days.
On January 15, 2025, Bernstein Upgraded Devon Energy Corp (NYSE: DVN) to Outperform. A report published by The Benchmark Company on January 14, 2025, Upgraded its rating to ‘Buy’ for DVN. Wolfe Research also Upgraded DVN shares as ‘Outperform’, setting a target price of $45 on the company’s shares in a report dated January 03, 2025. Truist November 07, 2024d its ‘Buy’ rating to ‘Hold’ for DVN, as published in its report on November 07, 2024. Jefferies’s report from October 03, 2024 suggests a price prediction of $45 for DVN shares, giving the stock a ‘Hold’ rating. Wolfe Research also rated the stock as ‘Peer Perform’.
Analysis of Devon Energy Corp (DVN)
The current dividend for DVN investors is set at $1.10 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 17.43%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Devon Energy Corp’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 21.77% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.95, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and DVN is recording an average volume of 10.30M. On a monthly basis, the volatility of the stock is set at 3.09%, whereas on a weekly basis, it is put at 3.48%, with a gain of 13.48% over the past seven days. Furthermore, long-term investors anticipate a median target price of $50.10, showing growth from the present price of $38.55, which can serve as yet another indication of whether DVN is worth investing in or should be passed over.
How Do You Analyze Devon Energy Corp Shares?
Devon Energy Corp (DVN) is based in the USA and is one of the most prominent companies operating in the Oil & Gas E&P market. When comparing Devon Energy Corp shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 8.43, there is a growth in quarterly earnings of -45.64%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.30%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 72.66% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
DVN shares are owned by institutional investors to the tune of 72.66% at present.
