Devon Energy stock: buy or sell

DVN stock price: $21.17 0.95% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

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Devon Energy stock brief

  • Devon Energy closed on Wednesday at $21.17 after scarcely changing a 0.95%.
  • The price is currently under the lower Bollinger band, which usually indicates a short-term bounce that you should not try to trade
  • The stock is configuring an uptrend pattern since October 2020, when it bottomed at $7.58. Up to date, the uptrend marked a 179.29% profit since the beginning of this rally
  • Mizuho published a strong buy rating for Devon Energy on Tuesday, with a forecast of $29.00
  • Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States.

Should I buy Devon Energy stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $DVN stock a buy?

In the current situation of Devon Energy there is not any eligible buy setup. This doesn't mean $DVN will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Devon Energy stock?

"To sell or not to sell", if you are holding Devon Energy shares?. Trading strategies give us the ability us to avoid impulsive decisions based on our feelings or the noise that surrounds the market. When selling, as well as buying, our strategies are very easy to use but are only applicable for selling stocks in your porfolio, not for selling short $DVN stock

As a rule of thumb, you should never hold a trading operation that yields higher than expected losses upon the buy. When to sell shares should always be ruled by the stop-loss (automatic or manual)

Is it time to sell Devon Energy stock?

Currently, Devon Energy stock doesn't match any of our preferred sell setups, so if you hold Devon Energy stock and your operation is in profit probably is not time to sell now

Devon Energy ratings

In the last 30 days, 6 ratings were published for Devon Energy. General sentiment is bullish, with 4 out of 6 posting optimistic outlooks

Devon Energy analysts' ratings - Last 30 days
Brokerage firmRating
Mar 23rd, 2021
Citigroup Neutral
The Goldman Sachs Group Neutral
Mar 29th, 2021
The Goldman Sachs Group Strong buy
Apr 1st, 2021
Northland Securities Buy
Apr 7th, 2021
Barclays Buy
Apr 20th, 2021
Mizuho Strong buy

Devon Energy stock analysis

Devon Energy shares started an uptrend in October 2020, and gained a gorgeous 179.29%. During this uptrend, the price gave some entry points on the breakouts. Latest low was last January, when price bounced at $15.91. Currently, the price moves in a consolidation between its last top ($25.81) and its last bottom ($15.91)

SMAs overview

DVN stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $21.64 (2.22% above)
  • R2: $21.74 (2.69% above)
  • R3: $22.11 (4.44% above)
  • The current supports are:

  • S1: $20.77 (-1.89% below)
  • S2: $20.52 (-3.07% below)
  • S3: $20.27 (-4.25% below)
  • Bollinger bands

    Price levels above or below the Bollinger Bands mean that the price has followed a strong trend that has led to extreme upward or downward values. For this case, the price is beneath the upper band, which should mean a near-term bounce off (at least) until it is back above the band

    DVN stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 in early March after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Wednesday was 42.89. Since RSI lost the overbought zone, Devon Energy stock sank a 16.32%

    DVN stock RSI chart

    Devon Energy stock price history

    Devon Energy started trading on Jul 22nd, 1985 at $0.00 per share1. Since then, DVN stock has risen by -, with an average of 0.00% per year. If you had invested thousand dollars in Devon Energy stock on the IPO, it would have a value of $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    DVN stock price history chart

    Price target for Devon Energy stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis predicting how a particular stock will performance in the future.

    The following table shows the price forecasts posted by brokerage institutions for the last 30 days. If you are a small trader you shouldn't trade based on these forecasts.

    The average price target for Devon Energy stock calculated from the table below is $28.92. That is a 36.61% than the last price ($21.17).

    Devon Energy stock price predictions
    Brokerage firmPrice target
    Mar 23rd, 2021
    Citigroup $24.00$29.00
    The Goldman Sachs Group $30.75
    Mar 29th, 2021
    The Goldman Sachs Group $30.75
    Apr 1st, 2021
    Northland Securities $20.00$27.00
    Apr 7th, 2021
    Barclays $22.00$27.00
    Apr 20th, 2021
    Mizuho $28.00$29.00

    Earnings and financials

    Financial event was hosted by Devon Energy ($DVN) last February after posting the financial report. Devon Energy reported earnings of $0.01 per share on sales of $1.3 billion. The market estimate was $0.03 per share on revenue of $1.2 billion.

    Same quarter one year ago, reported EPS was $0.36, so recently posted EPS is a decrease of -97.22%. Revenue exploded a 16.08% on an annualized basis in the , from $11.6B to $13.5B last quarter.

    Devon Energy ($DVN) presents quarterly earnings report next Tuesday. Market analysts analysts predict of $0.29, that is a 2,800.00% higher than Q4.

    Devon Energy performance

    DVN performance compared
    Company1m3m6m
    Devon Energy ($DVN) -2.40% 7.60% 141.90%

    Important:
    The viewpoints written in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this text does not have any knowledge of the particular scenarios of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for learning reasons only

    Devon Energy summary

    Wednesday, April 21st, 2021
    Open$20.14
    Close$21.17
    Day range$20.14 - $21.38
    Previous close$20.97
    Session gain0.95%
    Average true range$1.02
    50d mov avg$22.14
    100d mov avg$19.34
    200d mov avg$14.72
    Earnings dateMay 4th, 2021

    Frequently asked questions

    What is Devon Energy stock symbol?

    Devon Energy Corporation is a public company trading in the US stock market with the DVN symbol

    Is Devon Energy stock a buy or sell?

    Devon Energy received 6 ratings in the last 30 days: 4 bullish, 0 bearish and 2 neutral.

    Will DVN go up?

    Devon Energy had different price predictions posted by market analysts in the last 30 days setting the target price to $28.92. That is a 36.61% than the current price ($21.17).