Devon Energy Corp.’s (NYSE: DVN) Stock Rises 1.91 Percent, But Further Upside Could Be On The Way

Devon Energy Corp. (NYSE:DVN)’s traded shares stood at 1.17 million during the latest session, with the company’s beta value hitting 2.17. At the last check today, the stock’s price was $52.41, to imply an increase of 1.91% or $0.98 in intraday trading. The DVN share’s 52-week high remains $55.09, putting it -5.11% down since that peak but still an impressive 23.14% since price per share fell to its 52-week low of $40.28. The company has a valuation of $33.28B, with an average of 7.77 million shares over the past 3 months.

Devon Energy Corp. (NYSE:DVN) trade information

After registering a 1.91% upside in the latest session, Devon Energy Corp. (DVN) has traded red over the past five days. The stock hit a weekly high of 54.04, jumping 1.91% in its intraday price action. The 5-day price performance for the stock is -1.88%, and 7.82% over 30 days. With these gigs, the year-to-date price performance is 16.24%.

Devon Energy Corp. (DVN) estimates and forecasts

Looking at statistics comparing Devon Energy Corp. share performance against respective industry, we note that the company has underperformed competitors. Devon Energy Corp. (DVN) shares are 6.52% up over the last 6 months, with its year-to-date growth rate lower than industry average at -9.98% against -2.00%.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -1.04% for the past 5-year period. While 2024 is set for a -8.53% return in earnings, projections for the next 5 years are at -2.94% annually.

DVN Dividends

Devon Energy Corp. has its next earnings report out in May. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Devon Energy Corp. has a forward dividend ratio of 0.82, with the share yield ticking at 1.56% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.