Q1 EPS Estimates for Devon Energy Raised by Zacks Research

Devon Energy Co. (NYSE:DVN) – Stock analysts at Zacks Research boosted their Q1 2025 earnings per share estimates for shares of Devon Energy in a research note issued to investors on Thursday, January 9th. Zacks Research analyst J. Saha now expects that the energy company will post earnings per share of $1.13 for the quarter, up from their prior forecast of $1.12. 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 $1.09 EPS, Q4 2025 earnings at $1.03 EPS, FY2025 earnings at $4.42 EPS, Q1 2026 earnings at $0.95 EPS, Q2 2026 earnings at $1.14 EPS and FY2026 earnings at $4.14 EPS.

Devon Energy (NYSE:DVN) last announced its earnings results on Tuesday, November 5th. The energy company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.09 by $0.01. The business had revenue of $4.02 billion for 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 company’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the business posted $1.65 EPS.

Several other equities research analysts also recently commented on DVN. BMO Capital Markets dropped their target price on Devon Energy from $52.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Jefferies Financial Group began coverage on Devon Energy in a report on Thursday, October 3rd. They set a “hold” rating and a $45.00 target price on the stock. Truist Financial dropped their target price on Devon Energy from $43.00 to $42.00 and set a “hold” rating on the stock in a report on Monday. StockNews.com upgraded Devon Energy from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Finally, TD Cowen dropped their price objective on Devon Energy from $54.00 to $46.00 and set a “hold” rating on the stock in a report on Tuesday, November 5th. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.43.

Devon Energy Stock Performance

Shares of NYSE:DVN opened at $36.84 on Monday. The company has a market cap of $24.20 billion, a P/E ratio of 6.83, a PEG ratio of 1.07 and a beta of 2.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.11. Devon Energy has a one year low of $30.39 and a one year high of $55.09. The business’s 50-day simple moving average is $35.58 and its 200 day simple moving average is $40.49.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. William B. Walkup & Associates Inc. acquired a new position in shares of Devon Energy in the 2nd quarter valued at about $1,026,000. Legacy Investment Solutions LLC acquired a new position in Devon Energy during the 3rd quarter valued at about $8,002,000. Bridgewater Associates LP acquired a new position in Devon Energy during the 3rd quarter valued at about $9,426,000. Petrus Trust Company LTA boosted its stake in Devon Energy by 394.7% during the 3rd quarter. Petrus Trust Company LTA now owns 21,827 shares of the energy company’s stock valued at $854,000 after purchasing an additional 17,415 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in Devon Energy by 6.3% during the 3rd quarter. CIBC Asset Management Inc now owns 107,182 shares of the energy company’s stock valued at $4,193,000 after purchasing an additional 6,358 shares during the period. 69.72% of the stock is owned by institutional investors and hedge funds.

Devon Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Friday, December 13th. Devon Energy’s dividend payout ratio (DPR) is presently 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.