Drilling Down Into Devon Energy Corporation (DVN)

Devon Energy Corporation (DVN) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. The stock has been active on the tape, currently trading at $32.79, down from yesterday’s close by -0.09%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Devon Energy Corporation (DVN) currently trades with a market capitalization of $17.06 Billion. That value represents a market adjusting for revenues that have been growing by 41.84 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $43 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.26 on a per share basis this quarter. Perhaps, that suggests something about why 0.75% of the outstanding share supply is held by institutional investors.



Technical Analysis

It’s important to check the technicals to get a sense of how DVN has been acting. Looking at the stock’s movement on the chart, Devon Energy Corporation recorded a 52-week high of $45.16. It is now trading 12.37% off that level. The stock is trading $37.94 its 50-day moving average by 5.15%. The stock carved out a 52-week low down at $28.79.

In recent action, Devon Energy Corporation (DVN) has made a move of -8.36% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 16.68, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.82% with $520.21 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of DVN.

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