Devon Energy Corp (NYSE:DVN) shares, rose in value on Friday, January 03, with the stock price up by 0.24% to the previous day’s close as strong demand from buyers drove the stock to $33.48.
Actively observing the price movement in the recent trading, the stock is buoying the session at $33.40, falling within a range of $33.35 and $33.765. The value of beta (5-year monthly) is 2.071 whereas the PE ratio is 6.20 over 12-month period. Referring to stock’s 52-week performance, its high was $54.63, and the low was $30.39. On the whole, DVN has fluctuated by -10.91% over the past month.
With the market capitalization of Devon Energy Corp currently standing at about $21.99 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.88, with its dividend yield at 2.62%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 15.67B, with a low estimate of 4.03B and a high estimate of 4.21B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.15B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DVN’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about N/A, with the price of DVN currently trading nearly 1.88% and -7.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.79, while the 7-day volatility ratio is showing 2.39% which for the 30-day chart, stands at 2.66%. Furthermore, Devon Energy Corp (DVN)’s beta value is 2.02, and its average true range (ATR) is 0.87.
A comparison of Devon Energy Corp (DVN) with its peers suggests the former has fared considerably weaker in the market. DVN showed an intraday change of 0.24% in today’s session so far, and over the past year, it shrunk by -27.54%%.
Data on historical trading for Devon Energy Corp (NYSE:DVN) indicates that the trading volumes over the past 10 days have averaged 13.15 and over the past 3 months, they’ve averaged 9.60 million. According to company’s latest data on outstanding shares, there are 658.00 million shares outstanding.
Nearly 5.02% of Devon Energy Corp’s shares belong to company insiders and institutional investors own 70.05% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 25.88 million shares as on 2024-12-13, resulting in a short ratio of 2.97. According to the data, the short interest in Devon Energy Corp (DVN) stood at 447.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 20.34 million. The stock has risen by 2.29% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DVN stock heading into the next quarter.