Devon Energy Corporation (NYSE:DVN) has climbed 2.45% in the past week and advanced 5.05% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.68% and the outperformance has advanced to 4.09% for the last 4 weeks period.
Devon Energy Corporation (NYSE:DVN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.28 and $35.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.98, notching a gain of 3.39% for the day. The total traded volume was 13,328,541 . The stock had closed at $34.80 on the previous day.
The company shares have dropped -41.35% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $61.79 and the one year low was seen on Feb 19, 2016. The 50-Day Moving Average price is $34.62 and the 200 Day Moving Average price is recorded at $29.53.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Devon Energy Corp/De, Baumann Barbara M, had purchased 8,200 shares in a transaction dated on January 6, 2016. The transaction was executed at $30.44 per share with total amount equaling $249,608.
Many analysts have stated their opinion on the company shares. UBS maintains their rating on the shares of Devon Energy Corporation (NYSE:DVN). The current rating of the shares is Sell. Equity Analysts at the Firm raises the price target to $30 per share from $29 per share. The rating by the firm was issued on June 16, 2016. Currently the company Insiders own 1.4% of Devon Energy Corporation shares according to the proxy statements. Institutional Investors own 77.93% of Devon Energy Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 62.5%.
Devon Energy Corporation (Devon) is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). The Companys operations are concentrated in various North American onshore areas in the United States and Canada. Devon has approximately 689 Million Barrels of Oil Equivalent (MMBoe) of proved undeveloped reserves. The Company operates through three segments: U.S., Canada and EnLink. The Companys projects in North America include Anadarko Basin, Barnett Shale, Mississippian-Woodford Trend, Permian Basin, Rockies and Canadian Heavy Oil. EnLinks operations consist of midstream assets and operations located across the United States. In Canada, the company has two main projects, Jackfish and Pike, located in Alberta, Canada. In addition, its Lloydminster properties are located to the south and east of Jackfish in eastern Alberta.