Devon Energy Corp. (NYSE:DVN) shares traded -1.95% lower at $48.80 on Wall Street last session.
DVN stock price is now -3.84% away from the 50-day moving average and 4.32% away from the 200-day moving average. The market capitalization of the company currently stands at $30.84B.
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With the price target of $59, Barclays recently initiated with Equal Weight rating for Devon Energy Corp. (NYSE: DVN). On April 01, 2024, Wells Fargo Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $46 to quote $59, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
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 $5.08 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 $96.28 million. A total of 0.74% of the company’s stock is owned by insiders.
During the past 12 months, Devon Energy Corp. has had a low of $40.28 and a high of $55.09. As of last week, the company has a debt-to-equity ratio of 0.53, a current ratio of 1.04, and a quick ratio of 0.97. According to the stock market information, the enterprise value for the company is $36375601152, which is based on a 9.30 price-to-earnings ratio, a 1.33 price-to-earnings-growth ratio, and a beta of 2.10. The fifty day moving average price for DVN is $50.7564 and a two-hundred day moving average price translates $47.25875 for the stock.
The latest earnings results from Devon Energy Corp. (NYSE: DVN) was released for 2024-03-31. The net profit margin was 22.16% and return on equity was 28.91% for DVN. The company reported revenue of $3.6 billion for the quarter, compared to $3.82 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.94 percent.
