Director Henry Robert H. sold 5,600 shares in Devon Energy Corporation (NYSE:DVN) for $9,704 in transaction occurred on 2018/08/21. After making this transaction, the Director owns a direct stake of 235,984 shares, worth $255,797, as per the last closing price. On 2018/06/11 Taylor Lyndon C, EVP GENERAL COUNSEL at DVN, dumped 18,357 shares at an average price of $42.09 per share. The selling total is valued at $2,510,078.
Separately, it had been reported that some other DVN insiders also took part of the insider trading activity. Director, Bethancourt John E had invested in 12,000 shares for $56,469 through a trade on 2018/06/07. Following this activity, the insider holds 502,800 shares worth $1,488,523 as of recent close. Wall Street’s most bullish Devon Energy Corporation (NYSE:DVN) analysts are predicting the share price to blow past $51 per share during the next 12 months. The current median share price forecast by them is $35, suggesting that the stock could increase 32.78% in that time frame. The average price target of $36.73 calls for a nearly 39.34% increase in the stock price.
Devon Energy Corporation (DVN) trading activity significantly weakened as the volume at ready counter decreased to 7,810,963 shares versus 9,123,225 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 8,482,688 shares. The share price rose 0.27% in recent trade and currently has a stock-market value of $12.31B. The shares finished at $26.36, after trading as low as $25.69 earlier in the session. It hit an intraday high Friday at $26.5. The stock is now 29.41% above against its bear-market low of $20.37 on December 26, 2018. It has retreated -76.56% since it’s 52-week high of $46.54 reached in July. Now the market price is down -37.51% on the year and up 16.95% YTD.
DVN’s 50 day simple moving average (SMA 50) price is $27.42 and its 200-day simple moving average (SMA 200) price is $36.8. The company’s stock currently has a total float of 456.06M shares. Its weekly volatility is hovering around 3.94% and felt 4.82% volatility in price over a month. On the upside, the share price will test short term resistance at around $26.68. On a downside, the stock is likely to find some support, which begins at $25.87. The failure to get near-term support could push it to $25.37.
It had seen a negative analyst call from Johnson Rice, which downgraded the stock from Buy to Accumulate on January 08. Analysts at CapitalOne, shed their negative views on December 21 by lifting it fromUnderweight to Equal Weight. The stock lost favor of CapitalOne analysts who expressed their lack of confidence in it using a downgrade from Overweight to Underweight on December 20.
Moreover, it trades for 17.69 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.44x price/book and 1.12x price/sales. Compared to others, Devon Energy Corporation is in a different league with regards to profitability, having net margins of 14.5%. To put some perspective around this, the industry’s average net margin is 6.89%. DVN’s ROE is 18.2%, which is also considerably better than the industry’s ROE of 6.89%. It’s also very liquid in the near term, with a current ratio of 1.5. The stock has a debt/capital of 0.68.
Shares of Devon Energy Corporation (DVN) have dropped -20% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, Devon Energy Corporation (NYSE:DVN) has topped consensus earnings estimates in 10 quarters (83%), missed earnings in 2 quarters (16%), whereas at 0 occasion EPS met analyst expectations. DVN last reported earnings on November 06, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.65 per share, -98.82% change on the same period last year. That was better than consensus for $0.42. Revenue for the recent quarter stood at $2.58 billion, down -22% on last year and above the $2.16 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $2.59 billion to $2.83 billion, which should be compared with $3.79 billion generated last year. EPS is seen in a range of $0.24 to $0.8, against the $0.62 reported a year ago.