The Insider Activity Of Devon Energy Corporation (DVN) Should Not Be Ignored

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As of Wednesday close, Devon Energy Corporation’s (NYSE:DVN) stock was down -$0.77, moving down -1.12 percent to $67.80. The average number of shares traded per day over the past five days has been 11,549,460 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.54 fall in that time frame. In the last twenty days, the average volume was 11,493,425, while in the previous 50 days, it was 11,324,398.

Since last month, DVN stock retreated -10.21%. Shares of the company fell to $65.02 on 11/21/22, the lowest level in the past month. A 52-week high of $78.82 was reached on 06/09/22 after having rallying from a 52-week low of $34.84. Since the beginning of this year, DVN’s stock price has risen by 57.04% or $23.75, and marked a new high 35 times. However, the stock has declined by -13.98% since its 52-week high.

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DVN stock investors should be aware that Devon Energy Corporation (DVN) stock had its last reported insider trading activity 16 days ago on Nov 09. CAMERON DENNIS C, the EVP and General Counsel of the company, disposed of 5,557 shares for $70.48 on Nov 09. It resulted in a $391,657 divestment by the insider. CAMERON DENNIS C sold 4,537 shares at an average price of $53.55 on Jul 05. The insider now owns 270,269 shares following the transaction. On Jun 14, Director Williams Valerie sold 7,000 shares at $69.67 apiece. The transaction was valued at $487,690.

Valuation Metrics

Right now, Devon Energy Corporation (DVN) has a P/E ratio of about 7.11. The stock’s beta is 2.47. Besides these, the trailing price-to-sales (P/S) ratio of 2.36, the price-to-book (PB) ratio of 4.05, and the price-to-cash flow ratio of 13.23 may also be considered.

The latest dividend of $1.35 per share was paid out, which is -12.9% less than last year’s $1.55. On Tuesday November 1 2022, a $0.20 dividend decrease was announced.

Financial Health

In the three months ended September 29, Devon Energy Corporation’s quick ratio stood at 1.20, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.59, and the total debt-to-equity ratio was 0.62. On the profitability front, the trailing twelve-month gross margin is 55.60% percent. In the year ended September 29, operating margins totaled 42.30%. Based on annual data, DVN earned $3.23 billion in gross profit and brought in $12.21 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 19.70%. Return on equity (ROE) for the past 12 months was 63.30%.

In Devon Energy Corporation’s quarter-end financial report for September 29, it reported total debt of $6.2 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DVN’s revenue rose 36.19% to $5.63 billion during the quarter, while net income inched up to $5.43 billion. While analysts expected Devon Energy Corporation to report $2.13 quarterly earnings, the actual figure was $2.18 per share, beating the consensus estimate by 2.30%. During the quarter, the company generated $3.04 billion in EBITDA. The liabilities of Devon Energy Corporation were 12.55 billion at the end of its most recent quarter ended September 29, and its total debt was $6.74 billion. The value of shareholders’ equity is $653.7 million.

Technical Picture

This quick technical analysis looks at Devon Energy Corporation’s (DVN) price momentum. With a historical volatility rate of 39.71%, the RSI 9-day stood at 40.66% on 23 November.

With respect to its five-day moving average, the current Devon Energy Corporation price is down by -4.96% percent or -$3.54. At present, DVN shares trade -11.86% below its 20-day simple moving average and +30.66% percent above its 100-day simple moving average. However, the stock is currently trading approximately -6.06% below its SMA50 and +32.45% above its SMA200.

Stochastic coefficient K was 29.77% and Stochastic coefficient D was 28.43%, while ATR was 3.22. Given the Stochastic reading of 30.09% for the 14-day period, the RSI (14) reading has been calculated as 44.17%. As of today, the MACD Oscillator reading stands at -2.42, while the 14-day reading stands at -2.41.

Analyst Ratings

Jefferies launched its rating on Devon Energy Corporation (NYSE: DVN) to a Hold in a note to investors on October 19, 2022. Devon Energy Corporation (DVN) has been rated Overweight by analysts. According to 1 brokerage firm, DVN is a sell, and 13 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Devon Energy Corporation stock as buy, with 15 recommending it as overweight.

With a median target price of $80.00, the current consensus forecast for the stock is $65.00 – $103.00. Based on these forecasts, analysts predict Devon Energy Corporation (DVN) will achieve an average price target of $81.51.


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