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Devon Energy, based in Oklahoma City, is one of the largest independent exploration and production companies in North America. The firm's asset base is spread throughout onshore North America and includes exposure to the Delaware, STACK, Eagle Ford, Powder River Basin, and Bakken plays. At year-end 2023, net production totaled roughly 658 thousand boe/d, of which oil and natural gas liquids made up roughly three-quarters of production, with natural gas accounting for the remainder.
Devon Energy trades on the NYSE stock market under the symbol DVN.
As of April 26, 2024, DVN stock price climbed to $52.63 with 2,076,874 million shares trading.
DVN has a beta of 0.59, meaning it tends to be less sensitive to market movements. DVN has a correlation of 0.07 to the broad based SPY ETF.
DVN has a market cap of $33.89 billion. This is considered a Large Cap stock.
Last quarter Devon Energy reported $4 billion in Revenue and $1.41 earnings per share. This beat revenue expectation by $273 million and met earnings estimates .
In the last 3 years, DVN stock traded as high as $79.40 and as low as $21.30.
The top ETF exchange traded funds that DVN belongs to (by Net Assets): VTI, XLE, VOO, VO, COWZ.
DVN has underperformed the market in the last year with a price return of +4.8% while the SPY ETF gained +27.1%. However, in the short term, DVN had mixed performance relative to the market. It has outperformed in the last 3 months, returning +24.9% vs +4.7% return in SPY. But in the last 2 weeks, DVN shares have been beat by the market, returning -2.4% compared to an SPY return of -1.7%.
DVN support price is $51.92 and resistance is $53.30 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DVN stock will trade within this expected range on the day.