Devon Energy (BSP:D1VN34) 6-1 Month Momentum %

: -3.04% (As of Today)

View and export this data going back to 2019. Start your Free Trial

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-23), Devon Energy's 6-1 Month Momentum % is -3.04%.

The industry rank for Devon Energy's 6-1 Month Momentum % or its related term are showing as below:

BSP:D1VN34's 6-1 Month Momentum % is ranked better than
53.12% of 1090 companies
in the Oil & Gas industry
Industry Median: -1.675 vs BSP:D1VN34: -3.04

Competitive Comparison

For the Oil & Gas E&P subindustry, Devon Energy's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Devon Energy 6-1 Month Momentum % Distribution

For the Oil & Gas industry and Energy sector, Devon Energy's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Devon Energy's 6-1 Month Momentum % falls into.

Devon Energy (BSP:D1VN34) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Devon Energy (BSP:D1VN34) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Devon Energy 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Devon Energy's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.

Devon Energy (BSP:D1VN34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Devon Energy Corp (BSP:D1VN34) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

DVN:USA DVN:Mexico 1DY6:Italy DY6d:UK DY6:Germany DVN:Austria

Address

333 West Sheridan Avenue, Oklahoma, OK, USA, 73102-5015

Website

https://www.devonenergy.com

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 2022, Devon's proved reserves totaled 1.8 billion barrels of oil equivalent, and net production that year was 611 thousand boe/d, of which oil and natural gas liquids made up 73% of production, with natural gas accounting for the remainder.

Devon Energy (BSP:D1VN34) Headlines

No Headlines