Devon Energy Corp (NYSE:DVN) has a beta value of 2.07 and has seen 12.23 million shares traded in the last trading session. The company, currently valued at $24.63B, closed the last trade at $39.34 per share which meant it gained $0.19 on the day or 0.49% during that session. The DVN stock price is -38.87% off its 52-week high price of $54.63 and 4.02% above the 52-week low of $37.76. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.95 million shares traded. The 3-month trading volume is 7.61 million shares.
The consensus among analysts is that Devon Energy Corp (DVN) is Buy stock at the moment, with a recommendation rating of 1.84. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 4 out of 18 have rated it as a Hold, with 13 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 1.09.
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Devon Energy Corp (NYSE:DVN) trade information
Sporting 0.49% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the DVN stock price touched $39.34 or saw a rise of 0.63%. Year-to-date, Devon Energy Corp shares have moved -12.02%, while the 5-day performance has seen it change 3.15%. Over the past 30 days, the shares of Devon Energy Corp (NYSE:DVN) have changed -7.67%. Short interest in the company has seen 18.88 million shares shorted with days to cover at 2.17.
Wall Street analysts have a consensus price target for the stock at $57, which means that the shares’ value could jump 30.98% from current levels. The projected low price target is $35.0 while the price target rests at a high of $91.0. In that case, then, we find that the current price level is -131.32% off the targeted high while a plunge would see the stock lose 11.03% from current levels.
Devon Energy Corp (DVN) estimates and forecasts
Figures show that Devon Energy Corp shares have outperformed across the wider relevant industry. The company’s shares have lost -22.18% over the past 6 months, with this year growth rate of -13.66%, compared to -16.00% for the industry. Revenue growth from the last financial year stood is estimated to be 2.10%.
7 analysts offering their estimates for the company have set an average revenue estimate of 3.74B for the current quarter. 7 have an estimated revenue figure of 4.19B for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -1.04% over the past 5 years. Earnings growth for 2024 is a modest -14.71% while over the next 5 years, the company’s earnings are expected to increase by 1.00%.
DVN Dividends
Devon Energy Corp is expected to release its next earnings report on 2024-Nov-05 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.08 at a share yield of 2.75%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.99%.
Devon Energy Corp (NYSE:DVN)’s Major holders
Insiders own 0.73% of the company shares, while shares held by institutions stand at 70.59% with a share float percentage of 71.11%. Investors are also buoyed by the number of investors in a company, with Devon Energy Corp having a total of 1557.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 75.71 million shares worth more than $3.59 billion. As of 2024-06-30, VANGUARD GROUP INC held 12.0362% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 48.9 million shares as of 2024-06-30. The firm’s total holdings are worth over $2.32 billion and represent 7.7741% of shares outstanding.
