Is Devon Energy Corp (DVN) a Stock to Watch After Losing -1.50% This Week?

Devon Energy Corp (DVN) stock has fallen 1.50% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Devon Energy Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on DVN!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With DVN Stock Today?

Devon Energy Corp (DVN) stock is trading at $45.16 as of 2:23 PM on Friday, Dec 29, a loss of -$0.60, or -1.31% from the previous closing price of $45.76. The stock has traded between $45.12 and $45.98 so far today. Volume today is light. So far 4,311,132 shares have traded compared to average volume of 9,153,565 shares.

More About Devon Energy Corp

Devon Energy, based in Oklahoma City, is one of the largest independent exploration and production companies in North America. The firm's asset base is spread throughout onshore North America and includes exposure to the Delaware, STACK, Eagle Ford, Powder River Basin, and Bakken plays. At year-end 2021, Devon's proved reserves totaled 1.6 billion barrels of oil equivalent, and net production that year was 572 mboe/d (of which, oil and natural gas liquids made up 74% of production, with natural gas accounting for the remainder). Click Here to get the full Stock Report for Devon Energy Corp stock.