Devon Energy Corp (NYSE:DVN) shares traded 0.29% higher at $31.20 on Wall Street last session.
DVN stock price is now -15.42% away from the 50-day moving average and -29.00% away from the 200-day moving average. The market capitalization of the company currently stands at $20.55B.
With the price target maintained at $43, JP Morgan recently Downgraded its rating from Overweight to Neutral for Devon Energy Corp (NYSE: DVN). On November 07, 2024, Truist Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $49 to quote $43, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, Cashion Tana K, EVP Human Resources and Admin sold 20,000 shares of the company’s stock on May 07 ’24. The stock was sold for $1,020,800 at an average price of $51.04. Upon completion of the transaction, the EVP Human Resources and Admin now directly owns 104,182 shares in the company, valued at $3.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04 ’24, President and CEO Muncrief Richard E bought 15,000 shares of the business’s stock. A total of $666,300 was incurred on buying the stock at an average price of $44.42. This leaves the insider owning 1,973,006 shares of the company worth $61.56 million. A total of 5.02% of the company’s stock is owned by insiders.
During the past 12 months, Devon Energy Corp has had a low of $30.39 and a high of $54.63. As of last week, the company has a debt-to-equity ratio of 0.65, a current ratio of 1.11, and a quick ratio of 1.01. The fifty day moving average price for DVN is $36.8866 and a two-hundred day moving average price translates $44.1559 for the stock.
The latest earnings results from Devon Energy Corp (NYSE: DVN) was released for 2024-09-30. The net profit margin was 22.49% and return on equity was 26.27% for DVN. The company reported revenue of $4.02 billion for the quarter, compared to $3.84 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.9 percent.
