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How to buy Devon Energy Corporation stock | 8.86

Own Devon Energy Corporation stock in just a few minutes.

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Devon Energy Corporation is an oil & gas e&p business based in the US. Devon Energy Corporation shares (DVN) are listed on the NYSE and all prices are listed in US Dollars. Devon Energy Corporation employs 1,800 staff and has a trailing 12-month revenue of around USD$4.8 billion.

How to buy shares in Devon Energy Corporation

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Devon Energy Corporation. Find the stock by name or ticker symbol: DVN. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Devon Energy Corporation reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$8.86, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Devon Energy Corporation, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Devon Energy Corporation. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

How has coronavirus impacted Devon Energy Corporation's share price?

Since the stock market crash in March caused by coronavirus, Devon Energy Corporation's share price has had significant negative movement.

Its last market close was USD$8.86, which is 57.75% down on its pre-crash value of USD$20.97 and 88.51% up on the lowest point reached during the March crash when the shares fell as low as USD$4.7.

If you had bought USD$1,000 worth of Devon Energy Corporation shares at the start of February 2020, those shares would have been worth USD$291.76 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$418.28.

Devon Energy Corporation share price

Use our graph to track the performance of DVN stocks over time.

Devon Energy Corporation shares at a glance

Information last updated 2020-10-20.
Latest market close USD$8.86
52-week range USD$4.7 - USD$26.98
50-day moving average USD$9.6243
200-day moving average USD$10.8873
Wall St. target price USD$16.56
PE ratio 6.6807
Dividend yield USD$0.44 (4.97%)
Earnings per share (TTM) USD$3.317

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Devon Energy Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Devon Energy Corporation price performance over time

Historical closes compared with the close of $8.86 from 2020-10-19

1 week (2020-11-19) -34.66%
1 month (2020-10-26) 0.57%
3 months (2020-08-26) -17.20%
6 months (2020-05-26) -28.03%
1 year (2019-11-26) -60.20%
2 years (2018-11-26) -67.34%
3 years (2017-11-24) -76.70%
5 years (2015-11-25) -80.70%

Is Devon Energy Corporation under- or over-valued?

Valuing Devon Energy Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Devon Energy Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Devon Energy Corporation's P/E ratio

Devon Energy Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 7x. In other words, Devon Energy Corporation shares trade at around 7x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Devon Energy Corporation's EBITDA

Devon Energy Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$1.9 billion.

The EBITDA is a measure of a Devon Energy Corporation's overall financial performance and is widely used to measure a its profitability.

Devon Energy Corporation financials

Revenue TTM USD$4.8 billion
Operating margin TTM 9.18%
Gross profit TTM USD$2.2 billion
Return on assets TTM 2.03%
Return on equity TTM -42.89%
Profit margin -63.11%
Book value $8.426
Market capitalisation USD$3.5 billion

TTM: trailing 12 months

Shorting Devon Energy Corporation shares

There are currently 14.1 million Devon Energy Corporation shares held short by investors – that's known as Devon Energy Corporation's "short interest". This figure is 37.9% up from 10.2 million last month.

There are a few different ways that this level of interest in shorting Devon Energy Corporation shares can be evaluated.

Devon Energy Corporation's "short interest ratio" (SIR)

Devon Energy Corporation's "short interest ratio" (SIR) is the quantity of Devon Energy Corporation shares currently shorted divided by the average quantity of Devon Energy Corporation shares traded daily (recently around 10.3 million). Devon Energy Corporation's SIR currently stands at 1.36. In other words for every 100,000 Devon Energy Corporation shares traded daily on the market, roughly 1360 shares are currently held short.

However Devon Energy Corporation's short interest can also be evaluated against the total number of Devon Energy Corporation shares, or, against the total number of tradable Devon Energy Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Devon Energy Corporation's short interest could be expressed as 0.04% of the outstanding shares (for every 100,000 Devon Energy Corporation shares in existence, roughly 40 shares are currently held short) or 0.042% of the tradable shares (for every 100,000 tradable Devon Energy Corporation shares, roughly 42 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Devon Energy Corporation.

Find out more about how you can short Devon Energy Corporation stock.

Devon Energy Corporation's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Devon Energy Corporation.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

Devon Energy Corporation's total ESG risk score

Total ESG risk: 42.01

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Devon Energy Corporation's overall score of 42.01 (as at 10/01/2020) is pretty weak – landing it in it in the 77th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like Devon Energy Corporation is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

Devon Energy Corporation's environmental score

Environmental score: 23.2/100

Devon Energy Corporation's environmental score of 23.2 puts it squarely in the 9th percentile of companies rated in the same sector. This could suggest that Devon Energy Corporation is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

Devon Energy Corporation's social score

Social score: 13.68/100

Devon Energy Corporation's social score of 13.68 puts it squarely in the 9th percentile of companies rated in the same sector. This could suggest that Devon Energy Corporation is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

Devon Energy Corporation's governance score

Governance score: 15.12/100

Devon Energy Corporation's governance score puts it squarely in the 9th percentile of companies rated in the same sector. That could suggest that Devon Energy Corporation is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

Devon Energy Corporation's controversy score

Controversy score: 2/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. Devon Energy Corporation scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Devon Energy Corporation has, for the most part, managed to keep its nose clean.

Environmental, social, and governance (ESG) summary

Devon Energy Corporation was last rated for ESG on: 2020-10-01.

Total ESG score 42.01
Total ESG percentile 77.16
Environmental score 23.2
Environmental score percentile 9
Social score 13.68
Social score percentile 9
Governance score 15.12
Governance score percentile 9
Level of controversy 2

Devon Energy Corporation share dividends

94%

Dividend payout ratio: 94.3% of net profits

Recently Devon Energy Corporation has paid out, on average, around 94.3% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.97% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Devon Energy Corporation shareholders could enjoy a 4.97% return on their shares, in the form of dividend payments. In Devon Energy Corporation's case, that would currently equate to about $0.44 per share.

Devon Energy Corporation's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

Devon Energy Corporation's most recent dividend payout was on 30 December 2020. The latest dividend was paid out to all shareholders who bought their shares by 10 December 2020 (the "ex-dividend date").

Have Devon Energy Corporation's shares ever split?

Devon Energy Corporation's shares were split on a 2:1 basis on 16 November 2004. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Devon Energy Corporation shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Devon Energy Corporation shares which in turn could have impacted Devon Energy Corporation's share price.

Devon Energy Corporation share price volatility

Over the last 12 months, Devon Energy Corporation's shares have ranged in value from as little as $4.7 up to $26.98. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Devon Energy Corporation's is 3.2355. This would suggest that Devon Energy Corporation's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Devon Energy Corporation overview

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. It operates approximately 3,955 gross wells. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.

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