Devon Energy Corp (NYSE:DVN) shares traded -3.77% down during most recent session to reach at the closing price of $35.73. The stock exchanged hands 5.32 Million shares versus average trading capacity of 4.67 Million shares, yielding a market cap of $18.78 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $51.86 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 $79 and with a conservative view have low price target of $38.
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 34.58 along with Average True Range (ATR 14) of 1.09, Consequently Devon Energy Corp (NYSE:DVN)’s weekly and monthly volatility is 3.38%, 2.73% respectively. The company’s beta value is at 2.13.
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 $0.17 and can go high up to $0.65. The consensus mean EPS for the current quarter is at $0.4 derived from a total of 25 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 477.8% whereas during current quarter it has 566.7% estimations over growth, comparing to the estimations of 1584.6% during current year and 35.2% 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 $3.29 Billion according to 10 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 $13.84 Billion compared to low analyst estimates of $13.03 Billion and high estimates of $14.46 Billion according to 13 number of analysts.
Currently Devon Energy Corp (NYSE:DVN)’s shares owned by insiders are 0.3%, whereas shares owned by institutional owners are 79.5%. 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 -0.17%.
Devon Energy Corp (NYSE:DVN) 52-week high price stands at $50.69 and low price stands at $32.81, its price distance from 52-week high is -29.51% while its distance from 52-week low price is 8.9%. The stock hit its 52-week high on 12/12/16, and 52-week low on 06/27/16.
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 1.54. Its book value per share for the most recent quarter is $12.46 while its price to book ratio for the same period is 2.87, as for as the company’s cash per share for the most recent quarter is $4.19, however its price to cash per share ratio for the same period is 8.52. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 35.84.
