(DVN) Devon Energy - Ratings and Ratios

Devon Energy Corporation (NYSE:DVN) is a leading independent energy company specializing in the exploration, development, and production of oil, natural gas, and natural gas liquids. Its operations are concentrated in key U.S. shale plays, including the Delaware Basin in southeast New Mexico and west Texas, the Eagle Ford in North America, the Anadarko Basin in western Oklahoma, the Williston Basin in North Dakota, and the Powder River Basin in Wyoming. Established in 1971 and headquartered in Oklahoma City, Oklahoma, Devon Energy has built a reputation for operational efficiency and disciplined capital allocation.

As of the latest data, Devon Energy trades on the NYSE under the ticker symbol DVN, with a market capitalization of $19.66 billion. The stock is classified under the GICS Sub Industry of Oil & Gas Exploration & Production. Recent trading metrics include an average 20-day volume of 10.42 million shares, with a last price of $29.48. Key technical indicators show an SMA-20 of $32.46, SMA-50 of $33.98, and SMA-200 of $37.93, alongside an ATR of 1.68. On the fundamental side, the company reports a P/E ratio of 6.65, forward P/E of 6.69, P/B of 1.36, P/S of 1.30, and an ROE of 19.94.

3-Month Forecast - Short-Term (1 month): Based on technical indicators, DVN is currently in a bearish trend, with the price below the SMA-20 and SMA-50. The ATR of 1.68 suggests moderate volatility, indicating potential downside risk in the near term. - Medium-Term (2-3 months): The stock’s forward P/E of 6.69 signals undervaluation relative to earnings expectations. However, the gap between the current price and SMA-50 suggests caution, as the stock may remain range-bound or decline further before stabilizing. - Long-Term (6-12 months): With a P/B of 1.36 and ROE of 19.94, DVN demonstrates strong financial health and profitability. The low P/E ratio of 6.65 indicates undervaluation relative to historical earnings, suggesting potential for long-term upside as energy demand stabilizes.