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Is this Large Market Cap Stock target price reasonable for Devon Energy Corporation (NYSE:DVN)?

The company in question is, Devon Energy Corporation (NYSE:DVN) currently with a stock price of 43.08 (-1.87% today). The market cap for Devon Energy Corporation is 22986.2, and is in the sector Basic Materials, and Independent Oil & Gas industry. The target price for Devon Energy Corporation is 46.37. Currently Devon Energy Corporation is trading with a P/E of *TBA, and a forward P/E of 33.84. Average volume for Devon Energy Corporation is 6231.78 and so far today it is 3249300.

Performance in the last year for Devon Energy Corporation has been -3.71%. For EPS growth, Devon Energy Corporation has seen a growth of -998.30%, and is looking to grow in the next year to 537.90%. More long term stats show that EPS growth has been -53.90% over the last five years and could be 3.35% for the next five years. Devon Energy Corporation has seen sales growth quarter over quarter at -26.70%, with EPS growth quarter over quarter at 56.80%. The 20-day simple moving average is 1.14%, with the 200-day simple moving average coming to 28.89%.

Since the IPO date for Devon Energy Corporation on the 3/17/1992, Devon Energy Corporation has seen performance year to date to be 36.50%. With Devon Energy Corporation trading at 43.08, the dividend yield is 0.56%, and the EPS is -28.63.

So could Devon Energy Corporation, be undervalued? Well as said before P/E is *TBA. The PEG is *TBA, P/S is 2.07 and the P/B is at 4.66. The P/cash is 13.34, with P/free cash flow at *TBA.

Devon Energy Corporation ability to deal with debt shows that the current ratio is 1.4, and the quick ratio is 1.4. This is with long term debt/equity at 2.55, and total debt/equity at 2.62.

In terms of margins, Devon Energy Corporation has a gross margin of 83.00%, an operating margin of *TBA and a profit margin of *TBA.Payout ratio for Devon Energy Corporation is *TBA. Return on assets come to -42.30% with return on investment coming to -73.00%.

Insider ownership for Devon Energy Corporation, is at 0.20% and institutional ownership comes to 77.60%. Outstanding shares are at 533.57. While shares float is 496.42. The float short is currently 2.17%, and short ratio is 1.73.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Mark Hines

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