NYSE:DVNOil and Gas
Is Devon Energy (DVN) Offering Value After Recent Share Price Weakness?
If you are wondering whether Devon Energy at around US$36.32 is offering good value right now, the key is to look past the ticker and focus on what the current price actually implies.
The stock has seen a 0.6% return over the last 7 days and 3.5% over the last month, set against a year to date return of a 4.1% decline and a 1-year return of a 2.8% decline, with a longer 3-year return of a 36.0% decline and a 5-year return that is roughly 1.6x higher than five years ago.
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