In the last trading session, 4.17 million shares of the Devon Energy Corp. (NYSE:DVN) were traded, and its beta was 2.18. Most recently the company’s share price was $52.57, and it changed around $0.44 or 0.84% from the last close, which brings the market valuation of the company to $33.38B. DVN currently trades at a discount to its 52-week high of $55.09, offering almost -4.79% off that amount. The share price’s 52-week low was $40.28, which indicates that the current value has risen by an impressive 23.38% since then. We note from Devon Energy Corp.’s average daily trading volume that its 3-month average coming to 7.63 million.
Devon Energy Corp. stock received a consensus recommendation rating of Buy, based on a mean score of 1.85. If we narrow it down even further, the data shows that 0 out of 32 analysts rate the stock as a Sell; another 10 rate it as Overweight. Among the rest, 9 recommended DVN as a Hold, whereas 13 deemed it a Buy, and 0 rated it as Underweight. Devon Energy Corp. is expected to report earnings per share of $1.11 for the current quarter.
Devon Energy Corp. (NYSE:DVN) trade information
Instantly DVN has showed a green trend with a performance of 0.84% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 16.59% year-to-date, but still up 0.75% over the last five days. On the other hand, Devon Energy Corp. (NYSE:DVN) is 8.68% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $65.38, which translates to bulls needing to increase their stock price by 19.59% from its current value. Analyst projections state that DVN is forecast to be at a low of $35 and a high of $115.
Devon Energy Corp. (DVN) estimates and forecasts
Devon Energy Corp. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 10.73 percent over the past six months and at a -8.58% annual growth rate that is well below the industry average of -3.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -24.00% in revenue this quarter, and will report an increase of 12.70% in the next quarter. The year-over-year growth rate is expected to be -0.90%, down from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of $3.47 billion in revenue for the current quarter. 6 analysts expect Devon Energy Corp. to make $3.84 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $3.94 billion and $3.74 billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -12.00%. Forecasts for the next quarter put sales growth at 2.80%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -1.04%. Devon Energy Corp. earnings are expected to increase by -7.99% in 2024, but the outlook is negative -2.94% per year for the next five years.
DVN Dividends
Devon Energy Corp.’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 1.54 percent and its annual dividend per share was 0.81. It is important to note, however, that the 1.54% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
