The 12-month’s insider sell/buy ratio of Devon Energy Corporation (NYSE:DVN) is recorded at 0.26, pointing to bullish feelings about the stock among corporate executives and directors. DVN corporate insiders offloaded 165,826 shares in the past 12 months while buyers snapped up 647,109 shares in the same period.
Henry Robert H. parted with a total of 5.6 thousand shares of Devon Energy Corporation (DVN) at average share price of $42.14. This insider trade in the company took place on 08/21/2018. The total for the sales was set at $235.98 thousand. After this transaction, the Director account balance stood at 9.7 thousand shares. The stock lost -37.45 percent since that insider sale. On 06/11/2018, Taylor Lyndon C, EVP GENERAL COUNSEL, sold 18.36 thousand shares at a price per share of $42.09. This removed 772.65 thousand shares from the insider’s fortune and the stock saw a -37.37 percent retreat in value since the news became public. This transaction left 95.22 thousand shares in the EVP GENERAL COUNSEL account.
On 06/07/2018, Director Bethancourt John E performed a purchase transaction worth $502.8 thousand. This purchase at $41.9 each has added 12 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded -37.09 percent decrease since the transaction was reported. The insider now is left with 56.47 thousand shares remaining in the account. Taylor Lyndon C, who performs the EVP GENERAL COUNSEL job, sold 12.8 thousand shares for $490.04 thousand. The disposal occurred on 12/14/2017 was priced at $38.29 per share. The share price plunged -31.16 percent since the reporting date. Taylor Lyndon C now left with a stake of 55.14 thousand DVN stock worth $1.45 million after the insider selling.
The 12-month median price target for Devon Energy Corporation (DVN) assigned by the analysts stands at $35, which represents a return potential of 32.78 percent when compared to the closing price of the stock of $26.36 on Friday, January 11. The lowest price target for the stock is $23 — slightly more than -12.75 percent from DVN’s current share price. The stock will probably climb 44.39 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $51-month high price target. This represents a whopping 93.47 percent increase from where shares are trading today.
On momentum oscillators front, ‘RSI’ has touched 53.78 on daily chart, which may remain a cause for concern. If the price breaks below $25.37 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $26.68 mark may result into a pull-back move towards $26.99 level. The stock is currently hovering around the first support level of $25.87. Below this, the next support is placed in the zone of $25.37. Till the time, the DVN stock trades above this level, bulls have nothing to fear.
Shares of Devon Energy Corporation (DVN) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry DVN operates in has an average P/E of 16.71. Its P/E ratio went as low as 15.67X and as high as 22.74 over the 5-year span. Further, it is sporting a 1.12 on the Price-to-Sales ratio. Compare this with the industry average P/S of 99.8. 79 percent is the gross profit margin for Devon Energy Corporation and operating margin sits at -5.8 percent. Along with this, the net profit margin is 14.5 percent.
On 11th of January, Devon Energy Corporation (NYSE:DVN) shares ended higher after a volatile session. The shares accumulated 0.07 points or 0.27 percent at $26.36 with a light trade volume of 7.811 million shares. After opening the session at $25.8, the shares went as high as $26.5 and as low as $25.69, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $12.3 billion and now has 466.96 million shares outstanding. Devon Energy Corporation (DVN) stock has lost -1.46 percent of market value in 21 trading days.
DVN stock has a trailing 3-year beta of 2.27, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$1.52 a share in the trailing twelve months. The stock’s value has surged 16.95 percent year to date (YTD) against a decline of -37.51 percent in 12 month’s time. The company’s shares still trade -43.36 percent away from its 1-year high of $46.54 and 29.41 percent up from 52-week low of $20.37. The average consensus rating on the company is 2.1, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.