Devon Stock Today

DVN
 Stock
  

USD 72.24  1.36  1.92%   

Market Performance
11 of 100
Odds Of Distress
Less than 15
Devon Energy is selling for 72.24 as of the 7th of October 2022. This is a 1.92 percent increase since the beginning of the trading day. The stock's open price was 70.88. Devon Energy has less than a 15 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for Devon Energy Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of October 2020 and ending today, the 7th of October 2022. Click here to learn more.
Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. Devon Energy Corporation was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma. The company has 677 M outstanding shares of which 14.45 M shares are currently shorted by investors with about 0.97 days to cover. More on Devon Energy Corp

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Devon Energy Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Devon Energy's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Devon Energy or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Devon Energy Corp appears to be risky and price may revert if volatility continues
Over 85.0% of the company shares are held by institutions such as insurance companies
On 30th of September 2022 Devon Energy paid $ 1.55 per share dividend to its current shareholders
Latest headline from MacroaxisInsider: Sale by Dennis Cameron of 4158 shares of Devon Energy
CEORichard Muncrief
Thematic IdeaPower Stocks (view all)
Average Analyst Recommendation
Analysts covering Devon Energy report their recommendations after researching Devon Energy's financial statements, talking to executives and customers, or listening in on Devon Energy's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Devon Energy Corp. The Devon consensus assessment is calculated by taking the average forecast from all of the analysts covering Devon Energy.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Devon Energy's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Devon Energy Corp (DVN) is traded on New York Stock Exchange in USA and employs 1,600 people. The company currently falls under 'Large-Cap' category with total capitalization of 40.71 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Devon Energy's market, we take the total number of its shares issued and multiply it by Devon Energy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Devon Energy Corp runs under Energy sector within Oil & Gas E&P industry. The entity has 677 M outstanding shares of which 14.45 M shares are currently shorted by investors with about 0.97 days to cover. Devon Energy Corp has about 2.46 B in cash with 6.14 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.73.
Check Devon Energy Probability Of Bankruptcy
Ownership
Devon Energy Corp retains a total of 677 Million outstanding shares. The majority of Devon Energy Corp outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Devon Energy Corp to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Devon Energy. Please pay attention to any change in the institutional holdings of Devon Energy Corp as this could imply that something significant has changed or about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation (%)

Check Devon Ownership Details

Devon Stock Price Odds Analysis

Proceeding from a normal probability distribution, the odds of Devon Energy jumping above the current price in 90 days from now is about 6.29%. The Devon Energy Corp probability density function shows the probability of Devon Energy stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.3202 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Devon Energy will likely underperform. Additionally, the company has an alpha of 0.6874, implying that it can generate a 0.69 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 72.24HorizonTargetOdds Above 72.24
93.67%90 days
 72.24 
6.29%
Based on a normal probability distribution, the odds of Devon Energy to move above the current price in 90 days from now is about 6.29 (This Devon Energy Corp probability density function shows the probability of Devon Stock to fall within a particular range of prices over 90 days) .

Devon Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Devon Energy that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Devon Energy's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Devon Energy's value.
InstituionSecurity TypeTotal SharesValue
Vanguard Group IncCommon Shares75.5 M4.2 B
Blackrock IncCommon Shares54.4 MB
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Devon Energy Corp Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Devon Energy market risk premium is the additional return an investor will receive from holding Devon Energy long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Devon Energy. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Devon Energy's alpha and beta are two of the key measurements used to evaluate Devon Energy's performance over the market, the standard measures of volatility play an important role as well.

Devon Stock Against Markets

Picking the right benchmark for Devon Energy stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Devon Energy stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Devon Energy is critical whether you are bullish or bearish towards Devon Energy Corp at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Devon Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Devon Energy Corporate Directors

Devon Energy corporate directors refer to members of a Devon Energy board of directors. The board of directors generally takes responsibility for the Devon Energy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Devon Energy's board members must vote for the resolution. The Devon Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Robert Mosbacher - Lead Independent DirectorProfile
Karl Kurz - Independent DirectorProfile
Mary Ricciardello - Independent DirectorProfile
Barbara Baumann - Independent DirectorProfile

Invested in Devon Energy Corp?

The danger of trading Devon Energy Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Devon Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Devon Energy. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Devon Energy Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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When running Devon Energy Corp price analysis, check to measure Devon Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Devon Energy is operating at the current time. Most of Devon Energy's value examination focuses on studying past and present price action to predict the probability of Devon Energy's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Devon Energy's price. Additionally, you may evaluate how the addition of Devon Energy to your portfolios can decrease your overall portfolio volatility.
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Is Devon Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Devon Energy. If investors know Devon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Devon Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Devon Energy Corp is measured differently than its book value, which is the value of Devon that is recorded on the company's balance sheet. Investors also form their own opinion of Devon Energy's value that differs from its market value or its book value, called intrinsic value, which is Devon Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Devon Energy's market value can be influenced by many factors that don't directly affect Devon Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Devon Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine Devon Energy value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Devon Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.