Devon Energy (Brazil) Today
| D1VN34 Stock | BRL 270.00 1.35 0.50% |
Performance30 of 100
| Odds Of DistressLess than 9
|
Devon Energy is trading at 270.00 as of the 19th of April 2024, a -0.5 percent down since the beginning of the trading day. The stock's open price was 271.35. Devon Energy has less than a 9 % chance of experiencing financial distress in the next few years and had a strong performance during the last 90 days. Equity ratings for Devon Energy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. 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 founded in 1971 and is headquartered in Oklahoma City, Oklahoma. The company has 653.7 M outstanding shares. More on Devon Energy
Moving together with Devon Stock
| 0.98 | COPH34 | ConocoPhillips | PairCorr |
| 0.95 | E1OG34 | EOG Resources | PairCorr |
| 0.99 | OXYP34 | Occidental Petroleum | PairCorr |
| 0.88 | P1IO34 | Pioneer Natural Resources | PairCorr |
| 0.99 | M1RO34 | Marathon Oil | PairCorr |
| 0.88 | A1PA34 | APA Corporation | PairCorr |
Moving against Devon Stock
| 0.67 | SNEC34 | Sony Group | PairCorr |
| 0.45 | RECV3 | Petroreconcavo SA | PairCorr |
Follow Valuation Odds of Bankruptcy
Check how we calculate scores
Devon 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.
| Business Concentration | Oil & Gas E&P, Energy (View all Sectors) |
Devon Energy (D1VN34) is traded on Sao Paulo Exchange in Brazil and employs 1,600 people. The company currently falls under 'Mega-Cap' category with a current market capitalization of 221.56 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 those looking for more risk prefer small-cap and mid-cap equities. Devon Energy operates under Energy sector and is part of Oil & Gas E&P industry. The entity has 653.7 M outstanding shares.
Devon Energy has accumulated about 1.35 B in cash with 2.53 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.99.
Check Devon Energy Probability Of Bankruptcy
Devon Stock Price Odds Analysis
What are Devon Energy's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Devon Energy jumping above the current price in 90 days from now is about 5.45%. The Devon Energy probability density function shows the probability of Devon Energy stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Devon Energy has a beta of -0.0076 suggesting as returns on the benchmark increase, returns on holding Devon Energy are expected to decrease at a much lower rate. During a bear market, however, Devon Energy is likely to outperform the market. Additionally, devon Energy has an alpha of 0.392, implying that it can generate a 0.39 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Devon Energy to move above the current price in 90 days from now is about 5.45 (This Devon Energy probability density function shows the probability of Devon Stock to fall within a particular range of prices over 90 days) .
Devon Energy 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.
| Mean Deviation | 0.9204 | |||
| Semi Deviation | 0.3513 | |||
| Standard Deviation | 1.22 | |||
| Variance | 1.5 |
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 at a given time. Please also check how Devon Energy's historical prices are related to one of the top price index indicators.
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.Did you try this?
Run Competition Analyzer Now
Competition AnalyzerAnalyze and compare many basic indicators for a group of related or unrelated entities |
| All Next | Launch Module |
Devon Energy Corporate Management
Elected by the shareholders, the Devon Energy's board of directors comprises two types of representatives: Devon Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Devon. The board's role is to monitor Devon Energy's management team and ensure that shareholders' interests are well served. Devon Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Devon Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Richard Muncrief | CEO Pres | Profile | |
| Tana Cashion | Ex Admin | Profile | |
| David Harris | Exec Officer | Profile | |
| Alana Tetrick | VP Treasurer | Profile | |
| David Hager | Ex Chairman | Profile | |
| Jeffrey Ritenour | Ex CFO | Profile | |
| Clay Gaspar | Ex COO | Profile |
How to buy Devon Stock?
Before investing in Devon Energy, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Devon Energy. To buy Devon Energy stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Devon Energy. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Devon Energy stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Devon Energy stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Devon Energy stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Devon Energy, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Devon Stock please use our How to Invest in Devon Energy guide.
Already Invested in Devon Energy?
The danger of trading Devon Energy 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 Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Devon Energy 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.
When determining whether Devon Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Devon Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Devon Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Devon Energy Stock: 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 nation. For information on how to trade Devon Stock refer to our How to Trade Devon Stock guide.Note that the Devon Energy information on this page should be used as a complementary analysis to other Devon Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model 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.
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments |