The shares of Devon Energy Corporation (NYSE:DVN) has been pegged with a rating of Sector Perform by RBC Capital Mkts in its latest research note that was published on March 1st, 2019. The research company has also assigned a $38 price target. RBC Capital Mkts wasn’t the only research firm that published a report of Devon Energy Corporation, with other equities research analysts also giving their opinion on the stock. Barclays advised investors in its research note published on January 16th, 2019, to Equal Weight the DVN stock while also putting a $33 price target. The stock had earned Accumulate rating from Johnson Rice when it published its report on January 8th, 2019. The stock was given Equal Weight rating by CapitalOne in its report released on December 21st, 2018. CapitalOne was of a view that DVN is Underweight in its latest report on December 20th, 2018. Evercore ISI thinks that DVN is worth In-line rating. This was contained in the firm’s report on December 10th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 15 believe it has the potential for further growth, thus rating it as Hold while 9 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $37.92. The price of the stock the last time has raised by 48.45% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 60.52.
The shares of the company dipped by -0.88% during the trading session on Tuesday, reaching a low of $30.09 while ending the day at $30.24. During the trading session, a total of 6.11 million shares were traded which represents a 30.77% incline from the average session volume which is 8.82M shares. DVN had ended its last session trading at 30.51. Devon Energy Corporation currently has a market cap of $14.55B, while its P/E ratio stands at 25.26, while its P/E earnings growth sits at 1.36, with a beta of 2.26. Devon Energy Corporation debt-to-equity ratio currently stands at 0.65, while its quick ratio hovers at 2.00. DVN 52-week low price stands at $20.37 while its 52-week high price is $46.54.
The company in its last quarterly report recorded $0.10 earnings per share which is below the $0.32 predicted by most analysts. The Devon Energy Corporation generated $3,708.00 million in revenue during the last quarter, which is slightly higher than the $2,673.71 million predicted by analysts. In the second quarter last year, the firm recorded $0.65 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -550%. Devon Energy Corporation has the potential to record 1.20 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Barclays published a research note on March 4th, 2019 where it informed investors and clients that Bed Bath & Beyond Inc. (NASDAQ:BBBY) is now rated as Underweight. Their price target on the stock stands at $13. Barclays also rated BBBY as Downgrade on January 16th, 2019, with its price target of $33 suggesting that BBBY could down by -8.55% from its current share price. Even though the stock has been trading at $14.00/share, analysts expect it to surge higher by -0.21% to reach $12.87/share. It started the day trading at $14.18 and traded between $13.87 and $13.97 throughout the trading session.
A look at its technical shows that BBBY’s 50-day SMA is 15.25 while its 200-day SMA stands at 16.07. The stock has a high of $22.50 for the year while the low is $10.46. The company’s P/E ratio currently sits at 6.02, while the P/B ratio is 0.64. At the moment, only of Bed Bath & Beyond Inc. shares were sold short. The company’s average trading volume currently stands at 7.06M shares, which means that the short-interest ratio is just 6.13 days. Over the past seven days, the company moved, with its shift of -10.33%. Looking further, the stock has raised 19.10% over the past 90 days while it lost -22.69% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. BlackRock Fund Advisors bought more BBBY shares, increasing its portfolio by +2.90% during the last quarter. This move now sees BlackRock Fund Advisors purchasing 424,525 shares in the last quarter, thus it now holds 15,056,001 shares of BBBY, with a total valuation of $251,886,897. Fidelity Management Research Co meanwhile bought more BBBY shares in the recently filed quarter, changing its stake to $241,586,805 worth of shares. The Vanguard Group Inc followed the path by increasing its BBBY portfolio by +1.35% in the quarter. This means that The Vanguard Group Inc bought 164,636 shares in the last quarter and now controls 12,373,372 shares of the BBBY stock, with the valuation hitting $207,006,514.
Similarly, Contrarius Investment Management increased its Bed Bath & Beyond Inc. shares by +32.85% during the recently filed quarter. After buying 2,276,723 shares in the last quarter, the firm now controls 9,207,291 shares of Bed Bath & Beyond Inc. which are valued at $154,037,978. In the same vein, Hotchkis Wiley Capital Manageme decreased its Bed Bath & Beyond Inc. shares by during the most recent reported quarter. The firm sold -160,744 shares during the quarter which decreased its stakes to 7,880,617 shares and is now valued at $131,842,722. Following these latest developments, around 0.10% of Bed Bath & Beyond Inc. stocks are owned by institutional investors and hedge funds.