Q3 EPS Estimates for Devon Energy Lifted by Zacks Research

Devon Energy Co. (NYSE:DVN) – Equities researchers at Zacks Research lifted their Q3 2026 earnings per share (EPS) estimates for shares of Devon Energy in a research note issued on Wednesday, January 29th. Zacks Research analyst J. Saha now anticipates that the energy company will post earnings per share of $1.11 for the quarter, up from their previous forecast of $1.06. The consensus estimate for Devon Energy’s current full-year earnings is $4.68 per share. Zacks Research also issued estimates for Devon Energy’s Q4 2026 earnings at $0.97 EPS.

Several other equities analysts also recently weighed in on DVN. Sanford C. Bernstein raised Devon Energy from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research report on Wednesday, January 15th. Citigroup cut their target price on Devon Energy from $55.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Wells Fargo & Company decreased their price objective on shares of Devon Energy from $49.00 to $43.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. StockNews.com upgraded Devon Energy from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Finally, Benchmark upgraded Devon Energy from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Tuesday, January 14th. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Devon Energy presently has an average rating of “Moderate Buy” and an average target price of $49.45.

Devon Energy Trading Down 1.1 %

NYSE:DVN opened at $33.74 on Monday. Devon Energy has a 52-week low of $30.39 and a 52-week high of $55.09. The company has a market capitalization of $22.16 billion, a PE ratio of 6.26, a price-to-earnings-growth ratio of 1.07 and a beta of 2.00. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.61. The stock has a fifty day simple moving average of $34.80 and a 200-day simple moving average of $39.31.

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

Hedge Funds Weigh In On Devon Energy

Several institutional investors have recently modified their holdings of DVN. Bridgewater Associates LP bought a new stake in Devon Energy during the 3rd quarter valued at $9,426,000. Legacy Investment Solutions LLC bought a new stake in shares of Devon Energy during the 3rd quarter worth $8,002,000. Petrus Trust Company LTA raised its holdings 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 worth $854,000 after buying an additional 17,415 shares during the period. CIBC Asset Management Inc grew its position 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 worth $4,193,000 after purchasing an additional 6,358 shares in the last quarter. Finally, Smead Capital Management Inc. raised its position in Devon Energy by 3.5% during the third quarter. Smead Capital Management Inc. now owns 5,879,516 shares of the energy company’s stock valued at $230,007,000 after buying an additional 198,193 shares during the period. Institutional investors own 69.72% of the company’s stock.

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.