After moving -0.3% during today's afternoon session, Devon Energy is now trading at a price of $49.52 per share. On average, analysts give it a target price of $60.24.
Devon Energy Corporation, an independent energy company, explores for, develops, and produces oil, natural gas, and natural gas liquids in the United States.
Devon Energy Investors Should Consider This:
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Devon Energy has moved -22.0% over the last year.
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The company has a price to earnings growth (PEG) ratio of -3.03. A number between 0 and 1 could mean that the market is undervaluing Devon Energy's estimated growth potential
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Its Price to Book (P/B) ratio is 2.88
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Devon Energy currently returns an annual dividend yield of 9.1%.
Understanding Devon Energy's Operating Margins
| Date Reported | Total Revenue ($ k) | Operating Expenses ($ k) | Operating Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023-02-15 | 19,169,000 | -8,427,000 | 41 | 51.85 |
| 2022-02-16 | 12,206,000 | -6,801,000 | 27 | 1450.0 |
| 2021-02-17 | 4,828,000 | -3,818,000 | -2 | -166.67 |
| 2020-02-19 | 6,220,000 | -4,842,000 | 3 | -82.35 |
| 2019-02-20 | 8,896,000 | -6,251,000 | 17 | 112.5 |
| 2018-02-21 | 13,949,000 | -11,056,000 | 8 |
Over the last 6 years, Devon Energy's operating margins have averaged only 15.7%, with a high coefficient of variability of 103.1%. On the other hand, we note that the firm's margins are growing at a 31.5% compounded average yearly rate.
