The price of Devon Energy Corp (NYSE:DVN) shares last traded on Wall Street fell -2.84% to $30.41.
DVN stock price is now -9.67% away from the 50-day moving average and -19.66% away from the 200-day moving average. The market capitalization of the company currently stands at $19.56B.
With the price target maintained at $45, Bernstein recently Upgraded its rating from Mkt Perform to Outperform for Devon Energy Corp (NYSE: DVN). On January 14, 2025, The Benchmark Company Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $44, while ‘Wolfe Research’ rates the stock as ‘Outperform’
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 $3.17 million. A total of 5.09% of the company’s stock is owned by insiders.
During the past 12 months, Devon Energy Corp has had a low of $25.89 and a high of $52.42. As of last week, the company has a debt-to-equity ratio of 0.64, a current ratio of 1.04, and a quick ratio of 0.95. According to the stock market information, the enterprise value for the company is $28375535616, which is based on a 6.65 price-to-earnings ratio, a 1.97 price-to-earnings-growth ratio, and a beta of 1.04. The fifty day moving average price for DVN is $33.667 and a two-hundred day moving average price translates $37.9062 for the stock.
The latest earnings results from Devon Energy Corp (NYSE: DVN) was released for 2024-12-31. The net profit margin was 18.57% and return on equity was 21.77% for DVN. The company reported revenue of $4.4 billion for the quarter, compared to $4.14 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.22 percent.
