Q1 EPS Estimates for Devon Energy Lowered by Zacks Research

Devon Energy Co. (NYSE:DVN) – Zacks Research reduced their Q1 2025 earnings per share estimates for Devon Energy in a note issued to investors on Tuesday, November 19th. Zacks Research analyst J. Saha now anticipates that the energy company will post earnings per share of $1.11 for the quarter, down from their prior estimate of $1.35. The consensus estimate for Devon Energy’s current full-year earnings is $4.79 per share. Zacks Research also issued estimates for Devon Energy’s Q2 2025 earnings at $1.08 EPS, Q4 2025 earnings at $1.01 EPS, FY2025 earnings at $4.36 EPS, Q1 2026 earnings at $0.93 EPS and FY2026 earnings at $4.08 EPS.

Other equities research analysts have also issued research reports about the stock. Scotiabank cut their price target on shares of Devon Energy from $60.00 to $48.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. BMO Capital Markets cut their target price on Devon Energy from $52.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Evercore ISI lowered their price target on Devon Energy from $55.00 to $50.00 and set an “in-line” rating for the company in a research report on Monday, September 30th. Morgan Stanley cut their price objective on Devon Energy from $55.00 to $51.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Finally, Susquehanna decreased their target price on Devon Energy from $63.00 to $62.00 and set a “positive” rating for the company in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Devon Energy currently has a consensus rating of “Hold” and a consensus price target of $51.85.

Devon Energy Stock Up 1.9 %

Shares of Devon Energy stock opened at $39.45 on Friday. The company’s 50 day moving average price is $39.94 and its 200-day moving average price is $43.95. Devon Energy has a 52-week low of $37.76 and a 52-week high of $55.09. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.11. The stock has a market capitalization of $25.91 billion, a price-to-earnings ratio of 7.32, a P/E/G ratio of 1.22 and a beta of 2.03.

Devon Energy (NYSE:DVN) last announced its quarterly earnings results on Tuesday, November 5th. The energy company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.01. The business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Devon Energy had a return on equity of 24.73% and a net margin of 21.71%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.65 EPS.

Hedge Funds Weigh In On Devon Energy

Several hedge funds have recently bought and sold shares of the business. Virtu Financial LLC bought a new position in shares of Devon Energy in the third quarter worth about $7,468,000. Fortem Financial Group LLC bought a new position in Devon Energy in the 3rd quarter worth about $583,000. Coldstream Capital Management Inc. increased its position in shares of Devon Energy by 6.5% during the third quarter. Coldstream Capital Management Inc. now owns 18,978 shares of the energy company’s stock worth $742,000 after acquiring an additional 1,162 shares during the period. First Dallas Securities Inc. raised its stake in shares of Devon Energy by 183.3% during the third quarter. First Dallas Securities Inc. now owns 39,955 shares of the energy company’s stock valued at $1,563,000 after acquiring an additional 25,854 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Devon Energy by 1.3% in the third quarter. Geode Capital Management LLC now owns 15,892,970 shares of the energy company’s stock valued at $619,747,000 after purchasing an additional 206,884 shares during the period. Institutional investors own 69.72% of the company’s stock.

Devon Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Friday, December 13th. Devon Energy’s dividend payout ratio is currently 16.33%.

Devon Energy Company Profile

Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Eagle Ford, Anadarko, Williston, and Powder River Basins. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.