Is Devon Energy Corporation (DVN) A Buy? What Fundamentals Say?

Wall Street analysts will be watching closely when Devon Energy Corporation (NYSE:DVN) reports its quarterly earnings next, which is scheduled for Tue 30 Apr (In 14 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.39 per share. In the preceding quarter, the company reportedly generated EPS of $0.10 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 12.50%, a profit margin of 28.50% and a gross margin of 79.30%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Devon Energy Corporation (NYSE:DVN). Most recently, on March 1st, 2019, RBC Capital Mkts Downgrade a Sector Perform rating. Before that, on January 16th, 2019, Barclays Downgrade to Equal Weight. Johnson Rice Downgrade a Accumulate rating on January 8th, 2019, CapitalOne Upgrade an Equal Weight rating on December 21st, 2018, and CapitalOne Downgrade a Underweight rating on December 20th, 2018.

At its current price point, combined with the fact that this company has 422.10M shares outstanding, the current market capitalization sits at 13.86B. In the last trading day, 5,122,480 shares of Devon Energy Corporation were traded, which compares to its usual volume of about 7.95M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $1.77 in the past five trading days, resulting in a percentage change of +5.70% and a moving average of 32.29. In the past 20 days, its price changed by $2.59 (which is +8.56%) and the stock’s moving average was 31.58. Looking back a full 50 days, shares of DVN changed by $5.67 (which is +20.88%) and demonstrated a moving average of 29.68.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 75.00%, a 14-day Stochastic %K score of 75.00% and a 20-day Stochastic %K score of 77.94%. Using a similar metric, Devon Energy Corporation (DVN) shares showed a Stochastic %D of 65.64% over the past 9 days, a Stochastic %D score of 69.03% over the last 14 days, and a 20-day Stochastic %D of 74.49%. Meanwhile, this stock’s MACD Oscillator was 0.99 over the past 9 days, 1.20 over the past two weeks, and 1.38 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $32.83 level. Over the past 12 months, this stock has experienced a high price of $46.54 and a low of $20.37. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc sold more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Devon Energy Corporation (NYSE:DVN) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 49,236,315 shares of the company’s stock following the subtraction of -2,553,187 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 11.23% stake in Devon Energy Corporation (DVN)’s shares.

Just in the most recent trading day, Devon Energy Corporation (NYSE:DVN) experienced a high price of $32.93 and low point of $32.17. At the end of the last trading session, this stock was at 32.83 per share, following a loss of -$32.57, or 0.80% during the full day.