Devon Energy Corporation (DVN): Currently traded at $11.09 on Tuesday, August 04

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Devon Energy Corporation (NYSE:DVN) changes shares on Tuesday trading session, with a change of 4.62% or $0.49 shares. The trading starts at $10.57 and closed at $10.60 throughout the day. The trading session low price was $10.55 and day high was $11.32 on Tuesday, August 04. After the session, the Energy sector daily volume shifted to 11.39 million while its average volume is 9.66M. In other hand, the DVN market cap reached to $4.18B. While, its current target price is $15.68.

On August 4, 2020, UPDATE 2-Pioneer Natural Resources posts smaller-than-expected loss on cost cuts. According to the news reported on Reuters, Pioneer Natural Resources Co on Tuesday posted a quarterly loss that was smaller than estimates, as the U.S shale producer reined in costs to cushion a blow from the coronavirus-induced plunge in oil prices.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 7.25% and down -0.63% for month. Its quarterly performance was -0.81% below, while its half year performance is down -49.27%. DVN yearly performance stood at negative -53.91% and fall -57.30% for year-to-date. Current recommendation for Devon Energy Corporation is 2.10.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. DVN EPS (TTM) for 12-month is -3.85. EPS for this year is -118.70%, while for the next year its value is -0.07. Its EPS Q/Q reached -408.20%. It has an EPS of -15.50% down for past five years.

The insider ownership moved to 0.50% and institutional holding shifted to 85.10%.

The company posted an EPS (TTM) of -3.85. According to the most recent quarter report on (Sep 2020), 23 analysts estimated an average EPS of -0.13, while 0.29 EPS posted a year ago period. Analyst Estimated EPS for DVN published in the report was -$0.24 – -$0.04 during the same period. Comparing with last year, the average estimated EPS was 0.29 which is higher than -0.18 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for DVN fall -32.06% for period of 200 days. SMA for 50 days was -4.69% which is showing red signal, while SMA-20 was 5.57%. The moving average value for Devon Energy Corporation (DVN) is 13.01 and 11.08 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in DVN stock. On Jun 01, Humphers Jeremy D., SVP-Chief Accounting Officer, sold 1,500 trading shares at the cost of $11.47, which valued at 17205.0. On Mar 09, RATTIE KEITH O, Director, bought 10,000 shares at the cost of $9.00, with total shares of 29,027. On Mar 06, RATTIE KEITH O, Director, bought 10,000 shares at the cost of 14.05. After this transaction, RATTIE KEITH O total shares reached to 19,027 which valued at 0.14 million.