Q1 EPS Estimates for Devon Energy Lifted by Zacks Research

Devon Energy Co. (NYSE:DVN) – Analysts at Zacks Research upped their Q1 2025 earnings per share estimates for shares of Devon Energy in a research note issued to investors on Monday, January 6th. Zacks Research analyst J. Saha now anticipates that the energy company will post earnings of $1.12 per share for the quarter, up from their previous estimate of $1.11. 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 Q3 2025 earnings at $1.15 EPS, Q4 2025 earnings at $1.02 EPS, FY2025 earnings at $4.38 EPS, Q3 2026 earnings at $1.09 EPS, Q4 2026 earnings at $1.01 EPS and FY2026 earnings at $4.09 EPS.

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

Other analysts also recently issued reports about the company. Truist Financial downgraded Devon Energy from a “buy” rating to a “hold” rating and cut their target price for the company from $49.00 to $43.00 in a research report on Thursday, November 7th. Royal Bank of Canada reiterated a “sector perform” rating and set a $50.00 target price on shares of Devon Energy in a research report on Friday. Piper Sandler lowered their price target on Devon Energy from $57.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Jefferies Financial Group started coverage on Devon Energy in a report on Thursday, October 3rd. They set a “hold” rating and a $45.00 price target for the company. Finally, Susquehanna lowered their price target on Devon Energy from $63.00 to $62.00 and set a “positive” rating for the company in a report on Friday, October 18th. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Devon Energy has a consensus rating of “Moderate Buy” and a consensus target price of $49.48.

Devon Energy Stock Performance

DVN opened at $36.10 on Thursday. The business has a fifty day simple moving average of $35.67 and a 200 day simple moving average of $40.73. The company has a market capitalization of $23.71 billion, a PE ratio of 6.70, a price-to-earnings-growth ratio of 1.07 and a beta of 1.99. Devon Energy has a 1 year low of $30.39 and a 1 year high of $55.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.11 and a quick ratio of 1.01.

Devon Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Friday, December 13th. Devon Energy’s payout ratio is 16.33%.

Institutional Trading of Devon Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. William B. Walkup & Associates Inc. bought a new position in shares of Devon Energy in the second quarter worth $1,026,000. Legacy Investment Solutions LLC bought a new stake in Devon Energy during the third quarter valued at $8,002,000. Bridgewater Associates LP bought a new stake in Devon Energy during the third quarter valued at $9,426,000. Petrus Trust Company LTA boosted its stake in Devon Energy by 394.7% during the third quarter. Petrus Trust Company LTA now owns 21,827 shares of the energy company’s stock valued at $854,000 after buying an additional 17,415 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in Devon Energy by 6.3% during the third quarter. CIBC Asset Management Inc now owns 107,182 shares of the energy company’s stock valued at $4,193,000 after buying an additional 6,358 shares during the period. 69.72% of the stock is owned by hedge funds and other institutional investors.

About Devon Energy

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.