Devon Energy Stock Price Prediction
| DVN Stock | USD 39.45 0.75 1.94% |
Oversold Vs Overbought
41
Oversold | Overbought |
Quarterly Earnings Growth (0.09) | EPS Estimate Next Quarter 1.2 | EPS Estimate Current Year 4.7754 | EPS Estimate Next Year 4.7474 | Wall Street Target Price 51.455 |
Using Devon Energy hype-based prediction, you can estimate the value of Devon Energy from the perspective of Devon Energy response to recently generated media hype and the effects of current headlines on its competitors.
Devon Energy Hype to Price Pattern
Investor biases related to Devon Energy's public news can be used to forecast risks associated with an investment in Devon. The trend in average sentiment can be used to explain how an investor holding Devon can time the market purely based on public headlines and social activities around Devon Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Devon Energy's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Devon Energy.
The fear of missing out, i.e., FOMO, can cause potential investors in Devon Energy to buy its stock at a price that has no basis in reality. In that case, they are not buying Devon because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Devon Energy after-hype prediction price | USD 39.57 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Devon |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Devon Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Devon Energy After-Hype Price Prediction Density Analysis
As far as predicting the price of Devon Energy at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Devon Energy or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Devon Energy, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Devon Energy Estimiated After-Hype Price Volatility
In the context of predicting Devon Energy's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Devon Energy's historical news coverage. Devon Energy's after-hype downside and upside margins for the prediction period are 37.91 and 41.23, respectively. We have considered Devon Energy's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Devon Energy is very steady at this time. Analysis and calculation of next after-hype price of Devon Energy is based on 3 months time horizon.
Devon Energy Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Devon Energy is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Devon Energy backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Devon Energy, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.16 | 1.67 | 0.11 | 0.06 | 10 Events / Month | 5 Events / Month | In about 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
39.45 | 39.57 | 0.30 |
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Devon Energy Hype Timeline
On the 25th of November Devon Energy is traded for 39.45. The entity has historical hype elasticity of 0.11, and average elasticity to hype of competition of 0.06. Devon is anticipated to increase in value after the next headline, with the price projected to jump to 39.57 or above. The average volatility of media hype impact on the company the price is over 100%. The price boost on the next news is projected to be 0.3%, whereas the daily expected return is currently at -0.16%. The volatility of related hype on Devon Energy is about 451.35%, with the expected price after the next announcement by competition of 39.51. The company reported the last year's revenue of 15.14 B. Total Income to common stockholders was 3.75 B with profit before taxes, overhead, and interest of 11.33 B. Considering the 90-day investment horizon the next anticipated press release will be in about 10 days. Check out Devon Energy Basic Forecasting Models to cross-verify your projections.Devon Energy Related Hype Analysis
Having access to credible news sources related to Devon Energy's direct competition is more important than ever and may enhance your ability to predict Devon Energy's future price movements. Getting to know how Devon Energy's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Devon Energy may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| CTRA | Coterra Energy | (0.20) | 10 per month | 1.27 | 0.08 | 2.27 | (1.94) | 8.03 | |
| FANG | Diamondback Energy | 1.23 | 10 per month | 0.00 | (0.07) | 3.00 | (3.91) | 9.60 | |
| EOG | EOG Resources | 0.31 | 9 per month | 1.36 | 0.01 | 2.49 | (2.88) | 7.05 | |
| COP | ConocoPhillips | 0.37 | 7 per month | 1.51 | (0.05) | 2.59 | (3.24) | 7.92 | |
| PXD | Pioneer Natural Resources | 0.00 | 0 per month | 0.00 | (0.10) | 2.43 | (2.71) | 6.32 | |
| EQT | EQT Corporation | 0.64 | 12 per month | 1.24 | 0.19 | 3.68 | (2.07) | 8.85 | |
| MRO | Marathon Oil | 0.45 | 8 per month | 1.57 | (0.03) | 2.64 | (3.27) | 7.72 | |
| PR | Permian Resources | 0.16 | 9 per month | 1.94 | 0.05 | 2.90 | (3.33) | 7.95 |
Devon Energy Additional Predictive Modules
Most predictive techniques to examine Devon price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Devon using various technical indicators. When you analyze Devon charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Devon Energy Predictive Indicators
The successful prediction of Devon Energy stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Devon Energy, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Devon Energy based on analysis of Devon Energy hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Devon Energy's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Devon Energy's related companies. | 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.045 | 0.0844 | 0.0642 | 0.0674 | Price To Sales Ratio | 2.39 | 2.09 | 1.91 | 2.9 |
Story Coverage note for Devon Energy
The number of cover stories for Devon Energy depends on current market conditions and Devon Energy's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Devon Energy is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Devon Energy's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Latest Perspective From Macroaxis
Devon Energy Short Properties
Devon Energy's future price predictability will typically decrease when Devon Energy's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Devon Energy often depends not only on the future outlook of the potential Devon Energy's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Devon Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 642 M | |
| Cash And Short Term Investments | 875 M |
Check out Devon Energy Basic Forecasting Models to cross-verify your projections. To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Devon Energy. If investors know Devon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Devon Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.09) | Dividend Share 2 | Earnings Share 5.4 | Revenue Per Share 23.117 | Quarterly Revenue Growth (0.10) |
The market value of Devon Energy is measured differently than its book value, which is the value of Devon that is recorded on the company's balance sheet. Investors also form their own opinion of Devon Energy's value that differs from its market value or its book value, called intrinsic value, which is Devon Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Devon Energy's market value can be influenced by many factors that don't directly affect Devon Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Devon Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Devon Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Devon Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.