Low Risk, Higher Reward: Devon EnergyOil is setting up nicely for a move up. A sizzling hot economy still burning off stimulus with rate cuts will do that! Hopefully this trade will be valid for 2-3 months and PGMs will look good.
Next report date
Report period
Q1 2024
EPS estimate
1.04EUR
Revenue estimate
3.37 BEUR
5.300EUR
3.39 BEUR
13.72 BEUR
628.00 M
About Devon Energy Corporation
Sector
Industry
CEO
Richard E. Muncrief
Website
Headquarters
Oklahoma City
Employees (FY)
1.9 K
Founded
1971
FIGI
BBG01K3W94K0
Devon Energy Corp. engages in the exploration, development, and production of oil and natural gas properties. It develops and operates Delaware Basin, Eagle Ford, Heavy Oil, Barnett Shale, STACK, and Rockies Oil. The company was founded by J. Larry Nichols and John W. Nichols in 1971 and is headquartered in Oklahoma City, OK.
Weekly Chart Breakoutneed to keep eye on it. volume is more then last a few week and a nice up trend can come after that
DVN triangle breakoutReasons for bullish bias:
- Price bounced from strong support
- Entry is at the breakout of the triangle
- Targets set till projection
Entry Level(Buy Stop): 45.96
Stop Loss Level: 40.21
Take Profit Level 1: 51.71
Take Profit Level 2: 63.19
Take Profit Level 3: Open
DVN - We broke out of strong selling algos. Next stop - tapered Haven't updated this in a while - i've been holding long calls throughout this strong movement. Will look for the next breakout of orange tapered but expecting some resistance there ($51 level) where we can see price falling out of purple and finding blue continuation support.
Will update as we get
DVN – Where’s it going?DVN is rallying and is looking strong. The RSI hasn’t been this strong since 10/21 and that lead to a rally that saw the stock double. I am skeptical that this happens again. It could be overbought here. It has a lot of overhead supply where it may meet resistance. The fact that it has recovere
🚀 DVN Wave 3DVN appears to have finished its wave 2 bottom and is entering wave 3. Indicator went long on March 6 and is overbought on the daily so there may be an opportunity to buy after a pull back around $45. Either way if this is wave 3, there is a long way to go so just being in the trade is what's import
$DVN - LongNYSE:DVN looks like a good long position into earnings. Has taken a significant beating over the past few months. Bounced off a strong level of support in low $40s. Rotation into energy, geo political risks, etc. Looks like a cup and handle could form. MACD is tilting up, and could cross. RSI has a
DVN - Live analysis and why we could see a reversal soonSomeone asked me for my thoughts on DVN and I thought it would be a good opportunity to do a live analysis of how I get my charts to look the way they do (messy).
The further you go down in timeframe, the more algorithms you start to see and create. But here is an initial Daily bias to go on - and
DVN longAfter the descent of the oil and the ascent of the dollar, DVN could benefit from a mean reversal momentum
Fibonacci suggests a tasty target to $46
DVN weakness could mean 20$s prices...Looking at the weekly support-resistance levels we're at important support level right now, if its broken we are potentially going to 25-20s prices
See all ideas
Trade directly on the supercharts through our supported, fully-verified and user-reviewed brokers.
Curated watchlists where 1DY6 is featured.
Frequently Asked Questions
The current price of 1DY6 is 49.040 EUR — it has increased by 1.20% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on MIL exchange DEVON ENERGY stocks are traded under the ticker 1DY6.
DEVON ENERGY is going to release the next earnings report on May 1, 2024. Keep track of upcoming events with our Earnings Calendar.
1DY6 stock is 1.18% volatile and has beta coefficient of 0.54. Check out the list of the most volatile stocks — is DEVON ENERGY there?
1DY6 earnings for the last quarter are 1.56 EUR per share, whereas the estimation was 1.48 EUR resulting in a 5.39% surprise. The estimated earnings for the next quarter are 1.25 EUR per share. See more details about DEVON ENERGY earnings.
DEVON ENERGY revenue for the last quarter amounts to 3.63 B EUR despite the estimated figure of 3.75 B EUR. In the next quarter revenue is expected to reach 3.51 B EUR.
Yes, you can track DEVON ENERGY financials in yearly and quarterly reports right on TradingView.
1DY6 stock has risen by 0.47% compared to the previous week, the month change is a 7.83% rise, over the last year DEVON ENERGY has showed a 17.71% increase.
1DY6 net income for the last quarter is 1.04 B EUR, while the quarter before that showed 860.85 M EUR of net income which accounts for 21.24% change. Track more DEVON ENERGY financial stats to get the full picture.
Today DEVON ENERGY has the market capitalization of 31.09 B, it has decreased by 0.41% over the last week.
DEVON ENERGY dividend yield was 5.34% in 2023, and payout ratio reached 41.46%. The year before the numbers were 8.23% and 55.46% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
Like other stocks, 1DY6 shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade DEVON ENERGY stock right from TradingView charts — choose your broker and connect to your account.
As of Apr 28, 2024, the company has 1.90 K employees. See our rating of the largest employees — is DEVON ENERGY on this list?
We've gathered analysts' opinions on DEVON ENERGY future price: according to them, 1DY6 price has a max estimate of 64.79 EUR and a min estimate of 45.07 EUR. Read a more detailed DEVON ENERGY forecast: see what analysts think of DEVON ENERGY and suggest that you do with its stocks.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. DEVON ENERGY EBITDA is 6.66 B EUR, and current EBITDA margin is 48.71%. See more stats in DEVON ENERGY financial statements.