Last Updated: 10 Nov 2024
Executive Summary
Devon Energy Corporation (DVN) is a leading American energy company with a market capitalization of $25.53 billion. The company's strong financial performance, including an EBITDA of $7.62 billion and EPS of $5.4, has resulted in a favorable PERatio of 7.2 and a PEGRatio of 14.9. Devon Energy's dividend yield of 0.0373% provides investors with a modest income stream. The company's recent quarterly earnings and revenue growth have been slightly negative, but its analyst target price of $51.4 indicates potential for future appreciation.
Company Overview
Devon Energy Corporation is engaged in hydrocarbon exploration in the American market. The company has operations in the Delaware Basin, Eagle Ford Shale, and Powder River Basin. Devon Energy's primary products include crude oil, natural gas, and natural gas liquids. The company's headquarters are located in Oklahoma City, Oklahoma.
Fundamental Analysis
Devon Energy's financial performance has been strong in recent years. The company's revenue for the trailing twelve months (TTM) was $14.53 billion, with a gross profit of $11.33 billion. Devon Energy's operating margin TTM is 0.321, and its return on assets TTM is 0.107. The company's diluted EPS TTM is $5.4, and its book value is $21.7.
Technical Analysis
Devon Energy's stock price has been trending sideways in recent months, with the 50-day moving average at $40.6 and the 200-day moving average at $45.48. The stock's 52-week high is $54.07, and its 52-week low is $37.77. Devon Energy's beta is 2.071, indicating that its stock price is more volatile than the overall market.
Short Term Outlook
In the short term, Devon Energy's stock price is likely to continue to trade sideways. The company's recent quarterly earnings and revenue growth have been slightly negative, and the overall market sentiment is cautious. However, Devon Energy's strong financial performance and favorable analyst target price provide some support for the stock.
Long Term Outlook
In the long term, Devon Energy's stock price is likely to appreciate. The company's strong financial performance, combined with its focus on hydrocarbon exploration in the American market, positions it well for future growth. Devon Energy's dividend yield also provides investors with a modest income stream.
Analyst Recommendations
Analysts are generally bullish on Devon Energy Corporation. Of the 30 analysts who cover the stock, 4 have a strong buy rating, 15 have a buy rating, 10 have a hold rating, 1 has a sell rating, and 0 have a strong sell rating. The average analyst target price is $51.4, which represents a potential upside of 32.5% from the current stock price of $38.87.
