Devon Stock Future Price Prediction

DVN
 Stock
  

USD 68.35  0.55  0.81%   

Devon Energy Corp stock price prediction is an act of determining the future value of Devon Energy shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Devon Energy's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Devon Energy and does not consider all of the tangible or intangible factors available from Devon Energy's fundamental data. We analyze noise-free headlines and recent hype associated with Devon Energy Corp, which may create opportunities for some arbitrage if properly timed.
Continue to Devon Energy Basic Forecasting Models to cross-verify your projections.
  
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Devon Energy based on different types of headlines from major news networks to social media. The Devon stock price prediction module provides an analysis of price elasticity to changes in media outlook on Devon Energy over a specific investment horizon.
Quarterly Earnings Growth YOY
1.32
EPS Estimate Next Quarter
2.28
EPS Estimate Current Year
8.75
EPS Estimate Next Year
9.0
Wall Street Target Price
80.9
EPS Estimate Current Quarter
2.13
Using Devon Energy hype-based prediction, you can estimate the value of Devon Energy Corp from the perspective of Devon Energy response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Devon Energy using Devon Energy's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Devon using crowd psychology based on the activity and movement of Devon Energy's stock price.
Devon Energy Return on Investment is quite stable at the moment as compared to the past year. The company's current value of Return on Investment is estimated at 29.33. Cash Flow Per Share is expected to rise to 9.27 this year, although the value of Interest Coverage will most likely fall to 8.23.

Devon Energy Short Interest

A significant increase or decrease in Devon Energy's short interest from the previous month could be a good indicator of investor sentiment towards Devon. Short interest can provide insight into the potential direction of Devon Energy stock and how bullish or bearish investors feel about the market overall. An investor who is long Devon Energy may also wish to track short interest. As short interest increases, investors should be becoming more worried about Devon Energy and may potentially protect profits, hedge Devon Energy with its derivative instruments, or be ready for some potential downside.
200 Day MA
64.05
Short Percent
0.0285
Short Ratio
1.57
Shares Short Prior Month
19.3 M
50 Day MA
69.13
Shares Short
16.4 M

Devon Energy Corp Hype to Price Pattern

Investor biases related to Devon Energy's public news can be used to forecast risks associated with investment in Devon. The trend in average sentiment can be used to explain how an investor holding Devon can time the market purely based on public headlines and social activities around Devon Energy Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Devon Energy's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Devon Energy.

Devon Energy Implied Volatility

    
  46.15  
Devon Energy's implied volatility exposes the market's sentiment of Devon Energy Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Devon Energy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Devon Energy stock will not fluctuate a lot when Devon Energy's options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in Devon Energy. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Devon Energy to buy its stock at a price that has no basis in reality. In that case, they are not buying Devon because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.

Devon Energy after-hype prediction price

    
  $ 68.41  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.

Prediction based on Rule 16 of the current Devon contract

Based on the Rule 16, the options market is currently suggesting that Devon Energy Corp will have an average daily up or down price movement of about 2.88% per day over the life of the 2022-12-02 option contract. With Devon Energy trading at $68.35, that is roughly $1.97. If you think that the market is fully incorporating Devon Energy's daily price movement you should consider acquiring Devon Energy Corp options at the current volatility level of 46.15%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Devon Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Devon Energy in the context of predictive analytics.
Intrinsic
Valuation
LowReal ValueHigh
48.9552.5375.19
Details
Naive
Forecast
LowNext ValueHigh
68.6672.2575.83
Details
17 Analysts
Consensus
LowTarget PriceHigh
24.0048.5065.00
Details
Earnings
Estimates (9)
LowProjected EPSHigh
3.323.393.48
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Devon Energy. Your research has to be compared to or analyzed against Devon Energy's peers to derive any actionable benefits. When done correctly, Devon Energy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Devon Energy Corp.

Devon Energy After-Hype Price Prediction Density Analysis

As far as predicting the price of Devon Energy at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Devon Energy or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Devon Energy, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Devon Energy Estimiated After-Hype Price Volatility

In the context of predicting Devon Energy's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Devon Energy's historical news coverage. Devon Energy's after-hype downside and upside margins for the prediction period are 64.83 and 71.99, respectively. We have considered Devon Energy's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value 68.35
68.41
After-hype Price
71.99
Upside
Devon Energy is very steady asset. Analysis and calculation of next after-hype price of Devon Energy Corp is based on 3 months time horizon.

Devon Energy Stock Price Prediction Analysis

Have you ever been surprised when a price of a company such as Devon Energy is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Devon Energy backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Devon Energy, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  0.03  3.58  0.06    0.08  7 Events / Month1 Events / MonthIn about 7 days
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
68.3568.410.09 
179.00  

Devon Energy Hype Timeline

On the 27th of November Devon Energy Corp is traded for 68.35. The entity has historical hype elasticity of 0.06 and average elasticity to hype of competition of -0.08. Devon is anticipated to increase in value after the next headline with the price projected to jump to 68.41 or above. The average volatility of media hype impact on the company stock price is about 179.0%. The price upswing on the next news is projected to be 0.09% whereas the daily expected return is currently at -0.03%. The volatility of related hype on Devon Energy is about 137.96% with expected price after next announcement by competition of 68.27. The company reported the last year's revenue of 17.48 B. Total Income to common stockholders was 5.21 B with profit before taxes, overhead, and interest of 7.41 B. Considering the 90-day investment horizon the next anticipated press release will be in about 7 days.
Continue to Devon Energy Basic Forecasting Models to cross-verify your projections.

Devon Energy Related Hype Analysis

Having access to credible news sources related to Devon Energy's direct competition is more important than ever and may enhance your ability to predict Devon Energy's future price movements. Getting to know how Devon Energy rivals react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Devon Energy may potentially react to the hype associated with one of its peers.

Devon Energy Additional Predictive Modules

Most predictive techniques to examine Devon price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Devon using various technical indicators. When you analyze Devon charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Devon Energy Predictive Indicators

The successful prediction of Devon Energy stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Devon Energy Corp, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Devon Energy based on analysis of Devon Energy hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Devon Energy's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Devon Energy's related companies.
 2019 2020 2021 2022 (projected)
Long Term Debt to Equity0.741.490.70.72
Interest Coverage0.48.079.288.23

Story Coverage note for Devon Energy

The number of cover stories for Devon Energy depends on current market conditions and Devon Energy's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Devon Energy is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Devon Energy's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

Devon Energy Short Properties

Devon Energy's future price predictability will typically decrease when Devon Energy's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Devon Energy Corp often depends not only on the future outlook of the potential Devon Energy's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Devon Energy's indicators that are reflective of the short sentiment are summarized in the table below.
Shares Percent Shares Out2.95%
Trailing Annual Dividend Rate0.42
Short Percent Of Float3.36%
Float Shares649.97M
Average Daily Volume Last 10 Day9.89M
Shares Short Prior Month17.35M
Average Daily Volume In Three Month11.37M
Date Short Interest14th of October 2022
Trailing Annual Dividend Yield0.61%
Continue to Devon Energy Basic Forecasting Models to cross-verify your projections. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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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.
Quarterly Earnings Growth YOY
1.32
Market Capitalization
44.7 B
Quarterly Revenue Growth YOY
0.3
Return On Assets
0.23
Return On Equity
0.63
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.