What Are The Chances Of Devon Energy Corp (NYSE: DVN) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, DVN falls under the Energy sector while operating within the Oil & Gas E&P industry segment. The current market capitalization of Devon Energy Corp is $24.22B. A total of 7.03 million shares were traded on the day, compared to an average of 7.74M shares.

In the most recent transaction, Cashion Tana K sold 20,000 shares of DVN for 51.04 per share on May 07 ’24. After the transaction, the EVP Human Resources and Admin now owns 104,182 company shares. In a previous transaction on Mar 04 ’24, Muncrief Richard E bought 15,000 shares at 44.42 per share. DVN shares that President and CEO owns now total 1,973,006.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Devon Energy Corp pays an annual dividend of $0.86, resulting in a dividend yield of 2.22%, and it has a price to earnings (P/E) ratio of 7.01. DVN’s most recent ex-dividend date was 9/13/2024 when it declared a $0.22 quarterly dividend that was paid in cash on 9/30/2024. Previously, the company paid the dividend on 6/28/2024 with an ex-dividend date of 6/14/2024. The DVN stock dividend was $0.22 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, DVN has a high of $54.63 and a low of $37.76.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. DVN’s latest balance sheet shows that the firm has $2.10B in Cash & Short Term Investments as of fiscal 2021. There were $6.73B in debt and $3.09B in liabilities at the time. Its Book Value Per Share was $19.99, while its Total Shareholder’s Equity was $9.40B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DVN is Buy with a score of 4.20.

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