Friday, March 11, 2022 12:45:03 PM
Mar. 10, 2022 7:40 PMDVN
Summary
100% technical buy signals.
9 new highs and up 13.09% in the last month.
147.34% gain in the last year.
Consensus price target $60.40 with a high target of $78.00.
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The Chart of the Day belongs to the oil & gas exploration company Devon Energy (NYSE:DVN). I found the stock by sorting the S&P 500 Index stocks by the highest Weighted Alpha then used the Flipchart function to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 1/3 the stock gained 29.34%.
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DVN Price vs Daily Moving Averages
Devon Energy Corp., 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 5,134 gross wells. Devon Energy Corporation was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma.
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Barchart Technical Indicators:
100% technical buy signals
161.80+ Weighted Alpha
147.34% gain in the last year
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
9 new highs and up 13.09% in the last month
Relative Strength Index 63.96%
Technical support level at 56.75
Recently traded at $58.99 with a 50-day moving average of $51.82
Devon stock rating.
Fundamental Factors:
Market Cap $39.51 billion
P/E 17.01
Dividend yield .73%
Revenue expected to grow 18.50% this year
Earnings estimated to increase 72.80% this year and continue to compound at an annual rate of 10.72% for the next 5 years
Analysts and Investor sentiment - I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
Wall Street analysts issued 18 strong buy, 6 buy, 7 hold and 1 under perform recommendations on the stock
Consensus price target at 85.18 with a high target of 78.00
The individual investors following the stock on Motley Fool voted 2,004 to 70 for the stock to beat the market with the more experienced investors voting 235 to 10 for the same result.
Ziggy
Recent DVN News
- Devon Energy Schedules Third-Quarter 2024 Earnings Release and Conference Call • GlobeNewswire Inc. • 09/24/2024 02:00:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 08:30:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/28/2024 08:09:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/21/2024 08:10:28 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 08/21/2024 08:06:29 PM
- Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses • Edgar (US Regulatory) • 08/19/2024 09:12:55 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 08/19/2024 12:30:12 PM
- Form POSASR - Post-effective Amendment to an automatic shelf registration statement • Edgar (US Regulatory) • 08/19/2024 12:27:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/12/2024 08:15:53 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/07/2024 04:00:30 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 08/06/2024 08:42:54 PM
- Devon Energy Reports Second-Quarter 2024 Results and Declares Quarterly Dividend • GlobeNewswire Inc. • 08/06/2024 08:05:48 PM
- US Index Futures Rise After Market Sell-off, Oil Prices Trim Losses • IH Market News • 08/06/2024 09:49:06 AM
- Blackcomb Pipeline Reaches Final Investment Decision to Transport Growing Natural Gas Production from the Permian Basin to the Gulf Coast Region • PR Newswire (US) • 07/31/2024 09:00:00 PM
- US Index Futures Up Ahead of Fed Decision; Oil Prices Surge Amid Middle East Tensions • IH Market News • 07/31/2024 10:01:30 AM
- Devon Energy Publishes 2024 Sustainability Report • GlobeNewswire Inc. • 07/25/2024 08:05:44 PM
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- BP Slashes Profit Forecast by $700 Million; Morgan Stanley Predicts S&P 500 10% Drop, and More News • IH Market News • 07/09/2024 10:54:32 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/08/2024 08:15:59 PM
- Devon Energy Announces Strategic Acquisition in the Williston Basin and Expands Share-Repurchase Authorization by 67 Percent to $5 Billion • GlobeNewswire Inc. • 07/08/2024 11:05:49 AM
- Devon Energy Schedules Second-Quarter 2024 Earnings Release and Conference Call • GlobeNewswire Inc. • 06/25/2024 02:24:17 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 08:40:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 08:39:29 PM
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