In the latest trading session, 2.84 million Devon Energy Corp (NYSE:DVN) shares changed hands as the company’s beta touched 2.00. With the company’s most recent per share price at $37.95 changing hands around $0.77 or 2.08% at last look, the market valuation stands at $24.93B. DVN’s current price is a discount, trading about -43.95% off its 52-week high of $54.63. The share price had its 52-week low at $30.39, which suggests the last value was 19.92% up since then. When we look at Devon Energy Corp’s average trading volume, we note the 10-day average is 11.22 million shares, with the 3-month average coming to 10.01 million.

Analysts gave the Devon Energy Corp (DVN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.72. If we narrow down to specifics, the data shows that 0 out of 18 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 4 recommended DVN as a Hold, 13 felt it is a Buy and 0 rated the stock as Underweight.

Devon Energy Corp (NYSE:DVN) trade information

Instantly DVN is in green as seen in intraday trades today. With action 9.41%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 15.96%, with the 5-day performance at 9.41% in the green. However, in the 30-day time frame, Devon Energy Corp (NYSE:DVN) is 11.21% up. Looking at the short shares, we see there were 26.39 million shares sold at short interest cover period of 2.17 days.

The consensus price target for the stock as assigned by Wall Street analysts is 50, meaning bulls need an upside of 24.1% from its recent market value. According to analyst projections, DVN’s forecast low is 46 with 55 as the target high. To hit the forecast high, the stock’s price needs a -44.93% plunge from its current level, while the stock would need to soar -21.21% for it to hit the projected low.

Devon Energy Corp (DVN) estimates and forecasts

Data shows that the Devon Energy Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -20.89% over the past 6 months, a -18.04% in annual growth rate that is considerably lower than the industry average of -9.70%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -1.04%. The 2025 estimates are for Devon Energy Corp earnings to decrease by -17.51%, but the outlook for the next 5-year period is at 4.00% per year.

DVN Dividends

Devon Energy Corp is expected to release its next quarterly earnings report in February. The 2.90% annual yield figure for the share gives it an annual dividend of 1.10. It is important to note, however, that the 2.90% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 5.1 per year.

Devon Energy Corp (NYSE:DVN)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.74% of Devon Energy Corp shares while 74.19% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 74.75%. There are 74.19% institutions holding the Devon Energy Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 12.0362% of the shares, roughly 75.71 million DVN shares worth $3.59 billion.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.7741% or 48.9 million shares worth $2.32 billion as of 2024-06-30.