Devon Energy Stock Price on March 11, 2022
| DVN Stock | USD 52.68 0.74 1.39% |
Below is the normalized historical share price chart for Devon Energy extending back to July 22, 1985. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Devon Energy stands at 52.68, as last reported on the 16th of April 2024, with the highest price reaching 54.04 and the lowest price hitting 52.49 during the day.
If you're considering investing in Devon Stock, it is important to understand the factors that can impact its price. Devon Energy appears to be very steady, given 3 months investment horizon. Devon Energy secures Sharpe Ratio (or Efficiency) of 0.36, which denotes the company had a 0.36% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Devon Energy, which you can use to evaluate the volatility of the firm. Please utilize Devon Energy's Coefficient Of Variation of 424.17, downside deviation of 1.13, and Mean Deviation of 0.9759 to check if our risk estimates are consistent with your expectations.
As of the 16th of April 2024, Total Stockholder Equity is likely to drop to about 9 B. In addition to that, Common Stock Shares Outstanding is likely to drop to about 339.2 M. At this time, Devon Energy's Price To Sales Ratio is very stable compared to the past year. As of the 16th of April 2024, Price Earnings Ratio is likely to grow to 8.11, while Price Book Value Ratio is likely to drop 1.46. Devon Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 17th of March 1992 | 200 Day MA 47.2223 | 50 Day MA 46.8444 | Beta 2.22 |
Devon |
Sharpe Ratio = 0.3591
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Estimated Market Risk
| 1.14 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.41 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.36 actual daily | 28 72% of assets perform better |
Based on monthly moving average Devon Energy is performing at about 28% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Devon Energy by adding it to a well-diversified portfolio.
Price Book 2.8125 | Enterprise Value Ebitda 5.2341 | Price Sales 2.3513 | Shares Float 629.6 M | Dividend Share 2.87 |
Devon Energy Valuation on March 11, 2022
It is possible to determine the worth of Devon Energy on a given historical date. On March 11, 2022 Devon was worth 59.37 at the beginning of the trading date compared to the closed value of 53.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Devon Energy stock. Still, in general, we apply an absolute valuation method to find Devon Energy's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Devon Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Devon Energy's related companies.
| Open | High | Low | Close | Volume | |
04/01/2022 | 59.37 | 60.82 | 53.26 | 53.26 | 6,292,535 |
| 61.33 | 62.11 | 53.70 | 53.70 | 8,393,077 |
| Backtest Devon Energy | | | Devon Energy History | | | Devon Energy Valuation | Next |
Devon Energy Trading Date Momentum on March 11, 2022
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Devon Energy Fundamentals Correlations and Trends
By evaluating Devon Energy's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Devon Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Devon financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Devon Energy Stock history
Devon Energy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Devon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Devon Energy will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Devon Energy stock prices may prove useful in developing a viable investing in Devon Energy
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 642 M | 339.2 M | |
| Net Income Applicable To Common Shares | 5.4 B | 5.7 B |
Devon Energy Stock Technical Analysis
Devon Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Devon Energy Period Price Range
Low | April 1, 2022
| High |
59.37 | 53.26 |
Devon Energy April 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Devon Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Devon Energy shares will generate the highest return on investment. By undertsting and applying Devon Energy stock market strength indicators, traders can identify Devon Energy entry and exit signals to maximize returns
| Accumulation Distribution | 782170.0 | |||
| Daily Balance Of Power | (0.81) | |||
| Rate Of Daily Change | 0.9 | |||
| Day Median Price | 57.04 | |||
| Day Typical Price | 55.78 | |||
| Price Action Indicator | (6.84) | |||
| Period Momentum Indicator | (0.58) |
Devon Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Devon Energy's price direction in advance. Along with the technical and fundamental analysis of Devon Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Devon to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1527 | |||
| Jensen Alpha | 0.2387 | |||
| Total Risk Alpha | 0.1763 | |||
| Sortino Ratio | 0.2016 | |||
| Treynor Ratio | 0.3607 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Devon Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Devon Stock analysis
When running Devon Energy's 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 the 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 (0.01) | Dividend Share 2.87 | Earnings Share 5.84 | Revenue Per Share 22.577 | Quarterly Revenue Growth (0.12) |
The market value of Devon Energy 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 if Devon Energy is a good investment 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.