In recent trading session, Devon Energy Corp (NYSE:DVN) saw 1.12 million shares changing hands at last check today with its beta currently measuring 1.11. Company’s recent per share price level of $33.00 trading at -$0.96 or -2.83% at last check today assigns it a market valuation of $21.19B. That most recent trading price of DVN’s stock is at a discount of -50.97% from its 52-week high price of $49.82 and is indicating a premium of 21.55% from its 52-week low price of $25.89. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.69 million shares which gives us an average trading volume of 10.05 million if we extend that period to 3-months.
For Devon Energy Corp (DVN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.71. Splitting up the data highlights that, out of 18 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 13 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.88 in the current quarter.
Devon Energy Corp (NYSE:DVN) trade information
Upright in the red during last session for losing -2.83%, in the last five days DVN remained trading in the green while hitting it’s week-highest on Monday, 05/12/25 when the stock touched $33.00 price level, adding 4.76% to its value on the day. Devon Energy Corp’s shares saw a change of 0.82% in year-to-date performance and have moved 3.35% in past 5-day. Devon Energy Corp (NYSE:DVN) showed a performance of 15.67% in past 30-days. Number of shares sold short was 20.8 million shares which calculate 1.85 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 48.5 to the stock, which implies a rise of 31.96% to its recent value today. Analysts have been projecting 40 as a low price target for the stock while placing it at a high target of 54. It follows that stock’s current price would drop -21.21% in reaching the projected high whereas dropping to the targeted low would mean a loss of -21.21% for stock’s current value.
Devon Energy Corp (DVN) estimates and forecasts
This year revenue growth is estimated to rise 5.01% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 4.1B for the same. And 2 analysts are in estimates of company making revenue of 4.08B in the next quarter. Company posted 3.92B and 4.02B of sales in current and next quarters respectively a year earlier.
In 2025, company’s earnings growth rate is likely to be around -18.94% while estimates for its earnings growth in next 5 years are of 3.52%.
DVN Dividends
Devon Energy Corp is more likely to be releasing its next quarterly report on 2025-May-05 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.72%, the share has a forward dividend of 0.90 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 5.17%.
Devon Energy Corp (NYSE:DVN)’s Major holders
Insiders are in possession of 0.81% of company’s total shares while institution are holding 80.09 percent of that, with stock having share float percentage of 80.74%. Investors also watch the number of corporate investors in a company very closely, which is 80.09% institutions for Devon Energy Corp that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at DVN for having 75.71 million shares of worth $3.59 billion. And as of 2024-06-30, it was holding 12.0939 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 48.9 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.8114 of outstanding shares, having a total worth of $2.32 billion.
On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 20.56 shares of worth $681.7 million or 3.20% of the total outstanding shares. The later fund manager was in possession of 17.78 shares on Dec 31, 2024 , making its stake of worth around $589.49 million in the company or a holder of 2.77% of company’s stock.
