Devon Energy Corporation

DVN short term overextended

116
ST bearish. Seems overextended with lower momentum. MT and LT unclear; oil is a rough one with a lot of geopolitical influences.

Fundamentals
Forecasted 5.15 EPS 2022
Norm P/E 13.23
Valuation Estimate ~68 based on 2022 forecast. But keep in mind that growth is forecasted to stall after, so around 60 is probably more appropriate.

Value based on 2021 EPS would be 44.58

Geopolitical uncertainty may drive the multiple down

Aviso legal

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