Analysts Weigh in on Devon Energy Corp (NYSE:DVN)

Devon Energy Corp (NYSE:DVN) shares traded 0.79% up during most recent session to reach at the closing price of $38.16. The stock exchanged hands 4.22 Million shares versus average trading capacity of 4.76 Million shares, yielding a market cap of $20.06 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $52.43 within the next 52-weeks. The mean target projections are based on 35 opinions.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Devon Energy Corp (NYSE:DVN) high price target of $80 and with a conservative view have low price target of $40.

Stifel Nicolaus “Initiates Coverage On” Devon Energy Corp (NYSE:DVN) in a research note issued to investors on 4/13/17 to Buy with price target of $73.

Additionally on 2/16/17 Societe Generale “Upgrades” Devon Energy Corp (NYSE:DVN) to Buy setting price target at $0 and on 1/19/17 UBS “Upgrades” the stock to Neutral at $0. Furthermore on 1/17/17 Jefferies “Downgrades” the stock to Hold at $48.

On the other hand the company has Relative Strength Index (RSI 14) of 41.91 along with Average True Range (ATR 14) of 1.1, Consequently Devon Energy Corp (NYSE:DVN)’s weekly and monthly volatility is 2.29%, 2.62% respectively. The company’s beta value is at 2.12.

In terms of Buy, Sell or Hold recommendations, Devon Energy Corp (NYSE:DVN) has analysts’ mean recommendation of 2.1. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

According to analysts Devon Energy Corp (NYSE:DVN)’s minimum EPS for the current quarter is at $0.32 and can go high up to $0.62. The consensus mean EPS for the current quarter is at $0.42 derived from a total of 19 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.06 earnings per share for the same quarter during last year.

Previously Devon Energy Corp (NYSE:DVN) reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.4 by $0.01. The company posted an earnings surprise of 2.5%.

While considering growth estimates of the company, it has next quarter growth estimates of 488.9% whereas during current quarter it has 600% estimations over growth, comparing to the estimations of 1630.8% during current year and 33.7% for next year. Past 5 years growth of Devon Energy Corp (NYSE:DVN) observed at -29%, looking forward for the next 5 years it has a strong prediction of -5.25% over growth.

Devon Energy Corp (NYSE:DVN)’s revenue estimates for the current quarter are $3.28 Billion according to 6 number of analysts, for the current quarter the company has high revenue estimates of $3.42 Billion in contradiction of low revenue estimates of $3.19 Billion. For the current year the company’s revenue estimates are $13.33 Billion compared to low analyst estimates of $11.12 Billion and high estimates of $14.22 Billion according to 12 number of analysts.

Currently Devon Energy Corp (NYSE:DVN)’s shares owned by insiders are 0.3%, whereas shares owned by institutional owners are 81%. However the six-month change in the insider ownership was recorded -0.05%, as well as three-month change in the institutional ownership was recorded 0.89%.

Devon Energy Corp (NYSE:DVN) 52-week high price stands at $50.55 and low price stands at $31.61, its price distance from 52-week high is -24.51% while its distance from 52-week low price is 20.7%. The stock hit its 52-week high on 12/12/16, and 52-week low on 05/19/16.

Devon Energy Corp (NYSE:DVN)’s trailing twelve month revenues are $11.73 Billion, whereas its price to sales ratio for the same period is 1.71. Its book value per share for the most recent quarter is $12.46 while its price to book ratio for the same period is 3.06, as for as the company’s cash per share for the most recent quarter is $4.02, however its price to cash per share ratio for the same period is 9.49. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 38.27.

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