Devon Energy Corporations in-depth stock price analysis indicates that the stock price has rallied 3.63% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 2.21% . Looking at the past 52 week period, the stock price is up at 109.36% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Devon Energy Corporation has a positive value of 66.44 compared to overall market. Devon Energy Corporation (NYSE:DVN) has tumbled 2.95% during the past week and has dropped 2.15% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.73%. Devon Energy Corporation (NYSE:DVN) has underperformed the index by 3.91% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Devon Energy Corporation (NYSE:DVN) : On Friday heightened volatility was witnessed in Devon Energy Corporation (NYSE:DVN) which led to swings in the share price. The stock opened for trading at $45.02 and hit $45.94 on the upside , eventually ending the session at $45.41, with a gain of 1.47% or 0.66 points. The heightened volatility saw the trading volume jump to 3,445,005 shares. The 52-week high of the share price is $50.69 and the company has a market cap of $23,777 million. The 52-week low of the share price is at $18.07 .
Devon Energy Corp Last issued its quarterly earnings results on Nov 1, 2016. The company reported $1.89 EPS for the quarter, beating the analyst consensus estimate by $ 1.83. Analyst had a consensus of $0.06. The company had revenue of $2882.00 million for the quarter, compared to analysts expectations of $2692.54 million. The companys revenue was down -20.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.76 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Devon Energy Corp was Downgraded by Jefferies to Hold on Jan 17, 2017. Devon Energy Corp was Upgraded by Seaport Global Securities to Buy on Dec 9, 2016.
Company has reported several Insider transactions to the SEC, on Jun 22, 2016, Robert H. Henry (director) sold 7,100 shares at 37.43 per share price.On Jan 6, 2016, Barbara M Baumann (director) purchased 8,200 shares at 30.44 per share price.On Dec 22, 2015, John E Bethancourt (director) purchased 10,000 shares at 28.94 per share price.
Devon Energy is a leading independent energy company engaged in finding and producing oil and natural gas. Based in Oklahoma City and included in the S&P 500, Devon operates in several of the most prolific oil and natural gas plays in the U.S. and Canada with an emphasis on a balanced portfolio. The Company is the second-largest oil producer among North American onshore independents.