What Does The Data Behind Devon Energy Corporation (NYSE:DVN) Suggest?


Devon Energy Corporation (NYSE:DVN) closed its last session at $35.56. The stock traded within a range of $33.79 and $35.80. The company operates in the Energy sector with a market capitalization of 18.83 Million. Trading volume for Devon Energy Corporation was 6.46 Million in its previous trading session. Currently, Devon Energy Corporation (NYSE:DVN) has an average volume of 4.94 Million.

Company Profile

Devon Energy is a leading independent energy company engaged in finding and producing oil and natural gas. Based in Oklahoma City and included in the S&P 500, Devon operates in several of the most prolific oil and natural gas plays in the U.S. and Canada with an emphasis on a balanced portfolio. The Company is the second-largest oil producer among North American onshore independents.

Analyst Views

Devon Energy Corporation (NYSE:DVN) received a Buy rating from 6 analysts. 0 analysts gave its stock an Outperform rating. 1 analysts say it’s a Hold while 0 analysts provided their expert opinion as Sell.

Devon Energy Corporation (NYSE:DVN) touched its 1-Year High price of $47.25 on 02/21/17 and its 1-Year Low price of $28.79 on 07/07/17.

EPS & Financials

Devon Energy Corporation (NYSE:DVN) reported its EPS in the last quarter as $0.46/Share beating the analyst estimate of $0.38/Share by a difference of $0.08. This showed a surprise of 21.1% in the last quarter earnings.

For the current quarter, 28 analysts are projecting a mean EPS of $0.63/share. According to their observations and findings, the stock could provide a high EPS of $0.88/share and a low EPS of $0.4/share.

Analysts believe that the company has the potential to earn average revenue of $3.52 Billion for the current quarter. According to their predictions high & low revenue estimates are 3.71 Billion and 3.13 Billion respectively.

Technical Analysis

By taking a look at the stock’s current statistics it can gauged that the stock candle is BULLISH with HIGH volatility. Devon Energy Corporation (NYSE:DVN) has a 20-Day average volume of 5.96 Million. According to today’s trading volume Devon Energy Corporation is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The trend for the past 10-days shows that the company was in BEARISH territory while an analysis of the last 40-Day trend shows a BEARISH signal. The 100-Day trend also shows a BULLISH trend as well.

The company currently has an insider ownership of 0.3 Percent and Institutional ownership of 80.8 Percent. The return on assets stands at 5.8%, Return on Equity currently is 23.2% and the Return on Investment value is -18.6%.

Devon Energy Corporation (NYSE:DVN) gross margin percentage stands at 86.9% while its operating margin for the past trailing twelve month is 15.9 percent and its overall profit margin (ttm) is 12 Percent. The stock is currently moving below its 20-Day Simple Moving Average of -12.56% with a 50-Day Simple Moving Average of -12.34 percent. As of today, the company has a SMA200 (200-day simple moving average) of -1.12 Percent. The Stock has YTD (year to date) performance of -14.11 percent.

The TTM operating margin for the company stands at 15.9%. The return on invested capital is at -18.6%, which is good, compared to its peers. The Free Cash Flow or FCF margin is 0.

The company’s stock is currently moving with a -ve distance from the 200 day SMA of approximately -1.12%, and has a solid year to date (YTD) performance of -14.11% which means that the stock is constantly adding to its value from the previous fiscal year end price.