Devon Energy Corp (NYSE:DVN) has a beta value of 1.11 and has seen 2.99 million shares traded in the recent trading session. The company, currently valued at $20.07B, closed the recent trade at $30.92 per share which meant it gained $1.44 on the day or 4.88% during that session. The DVN stock price is -70.63% off its 52-week high price of $52.76 and 16.27% above the 52-week low of $25.89. If we look at the company’s 10-day average daily trading volume, we find that it stood at 13.74 million shares traded. The 3-month trading volume is 9.93 million shares.
The consensus among analysts is that Devon Energy Corp (DVN) is Buy stock at the moment, with a recommendation rating of 1.74. 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 1.22.
Devon Energy Corp (NYSE:DVN) trade information
Sporting 4.88% in the green today, 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 $30.92 or saw a rise of 1.65%. Year-to-date, Devon Energy Corp shares have moved -5.53%, while the 5-day performance has seen it change 7.62%. Over the past 30 days, the shares of Devon Energy Corp (NYSE:DVN) have changed -14.47%. Short interest in the company has seen 16.43 million shares shorted with days to cover at 1.84.
Wall Street analysts have a consensus price target for the stock at $48.5, which means that the shares’ value could jump 36.25% from the levels at last check today.. The projected low price target is $47.0 while the price target rests at a high of $50.0. In that case, then, we find that the latest price level in today’s session is -61.71% off the targeted high while a plunge would see the stock gain -52.01% from the levels at last check today..
Devon Energy Corp (DVN) estimates and forecasts
The company’s shares have lost -23.80% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 6.93%.
6 analysts offering their estimates for the company have set an average revenue estimate of 4.37B for the current quarter. 6 have an estimated revenue figure of 4.13B for the next ending quarter. Year-ago sales stood 3.6B and 3.92B respectively for this quarter and the next, and analysts expect sales will grow by 21.58% for the current quarter and 6.93% for the next.
Earnings growth for 2025 is a modest -9.37% while over the next 5 years, the company’s earnings are expected to increase by 3.73%.
DVN Dividends
Devon Energy Corp is expected to release its next earnings report on 2025-Feb-17 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.90 at a share yield of 2.91%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 5.15%.
Devon Energy Corp (NYSE:DVN)’s Major holders
Insiders own 0.78% of the company shares, while shares held by institutions stand at 78.85% with a share float percentage of 79.47%. Investors are also buoyed by the number of investors in a company, with Devon Energy Corp having a total of 1489.0 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 12.0939% 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 7.8114% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund . As of Dec 31, 2024 , the former fund manager holds about 3.17% shares in the company for having 20.56 shares of worth $636.46 million while later fund manager owns 17.78 shares of worth $550.37 million as of Dec 31, 2024 , which makes it owner of about 2.74% of company’s outstanding stock.
