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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 37.49 (0.43% today). The market cap for Devon Energy Corporation is 19612.06, and is in the sector Basic Materials, and Independent Oil & Gas industry. The target price for Devon Energy Corporation is 41.63. Currently Devon Energy Corporation is trading with a P/E of *TBA, and a forward P/E of 38.41. Average volume for Devon Energy Corporation is 8921.82 and so far today it is 2273896.

Performance in the last year for Devon Energy Corporation has been -25.14%. For EPS growth, Devon Energy Corporation has seen a growth of -998.30%, and is looking to grow in the next year to 214.10%. More long term stats show that EPS growth has been -53.90% over the last five years and could be 0.93% for the next five years. Devon Energy Corporation has seen sales growth quarter over quarter at -34.90%, with EPS growth quarter over quarter at 27.30%. The 20-day simple moving average is 3.37%, with the 200-day simple moving average coming to 13.14%.

Since the IPO date for Devon Energy Corporation on the 3/17/1992, Devon Energy Corporation has seen performance year to date to be 18.12%. With Devon Energy Corporation trading at 37.49, the dividend yield is 0.64%, and the EPS is -32.57.

So could Devon Energy Corporation, be undervalued? Well as said before P/E is *TBA. The PEG is *TBA, P/S is 1.63 and the P/B is at 2.76. The P/cash is 12, with P/free cash flow at *TBA.

Devon Energy Corporation ability to deal with debt shows that the current ratio is 1.1, and the quick ratio is 1.1. This is with long term debt/equity at 1.9, and total debt/equity at 1.96.

In terms of margins, Devon Energy Corporation has a gross margin of 83.10%, an operating margin of *TBA and a profit margin of *TBA.Payout ratio for Devon Energy Corporation is *TBA. Return on assets come to -41.80% with return on investment coming to -73.00%.

Insider ownership for Devon Energy Corporation, is at 0.30% and institutional ownership comes to 79.50%. Outstanding shares are at 525.37. While shares float is 497.5. The float short is currently 2.73%, and short ratio is 1.52.

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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Peter Clarke

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