Stock To Watch: Devon Energy Corporation (NYSE:DVN)


The leading market experts have placed a mean price target of $45.19 on Devon Energy Corporation (NYSE:DVN) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.10 a share for the upcoming quarter and $-0.26 for the current fiscal.

Technical View

The technical analysis of Devon Energy Corporation Common plainly substantiates that the 50-day moving average of Devon Energy Corporation Common is $39.02, and stock is trading $5.52 points away or +14.16% from its 50-day moving average of $39.02. Further it is trading $12.27 or +38.03% away its 200-day moving average of $32.27. Devon Energy Corporation (NYSE:DVN) 52-week high is $48.68 and the 52-week low is $18.07.

This explains if the stock moves $-4.14, it will post a 52-week high. In event of +146.49% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Devon Energy Corporation Common, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Devon Energy Corporation (NYSE:DVN) ratio came in at N/A.

The stock last ended the trading session at $44.54 and registered a market cap of $23.32B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Devon Energy Corporation (NYSE:DVN) PEG ratio is at -38.68.

1 Chart Pattern Every Investor Should Know

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