Brokers Offer Predictions for Devon Energy Q1 Earnings

Devon Energy Co. (NYSE:DVN) – Analysts at Capital One Financial reduced their Q1 2025 EPS estimates for shares of Devon Energy in a research note issued to investors on Tuesday, November 12th. Capital One Financial analyst P. Johnston now expects that the energy company will earn $0.81 per share for the quarter, down from their previous forecast of $0.99. The consensus estimate for Devon Energy’s current full-year earnings is $4.86 per share. Capital One Financial also issued estimates for Devon Energy’s Q3 2025 earnings at $0.97 EPS and Q4 2025 earnings at $1.02 EPS.

Several other research firms also recently commented on DVN. Morgan Stanley cut their target price on shares of Devon Energy from $55.00 to $51.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Evercore ISI reduced their price objective on shares of Devon Energy from $55.00 to $50.00 and set an “in-line” rating on the stock in a research note on Monday, September 30th. TD Cowen decreased their price objective on Devon Energy from $54.00 to $46.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. Sanford C. Bernstein cut their target price on Devon Energy from $48.00 to $43.00 and set a “market perform” rating on the stock in a report on Wednesday, July 17th. Finally, StockNews.com cut Devon Energy from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $51.80.

Devon Energy Stock Performance

Shares of DVN stock opened at $39.10 on Wednesday. The business’s 50-day moving average price is $40.20 and its 200-day moving average price is $44.55. Devon Energy has a 12 month low of $37.76 and a 12 month high of $55.09. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $25.68 billion, a price-to-earnings ratio of 7.25, a PEG ratio of 1.19 and a beta of 2.03.

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

Devon Energy Dividend Announcement

The company 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 yield of 2.25%. The ex-dividend date is Friday, December 13th. Devon Energy’s dividend payout ratio (DPR) is currently 16.33%.

Institutional Investors Weigh In On Devon Energy

A number of hedge funds have recently added to or reduced their stakes in DVN. Glenmede Trust Co. NA raised its position in shares of Devon Energy by 121.9% during the third quarter. Glenmede Trust Co. NA now owns 35,654 shares of the energy company’s stock worth $1,395,000 after purchasing an additional 19,589 shares during the period. Bridgewater Associates LP acquired a new position in Devon Energy during the third quarter worth $9,426,000. Freedom Investment Management Inc. bought a new position in shares of Devon Energy in the third quarter valued at $346,000. Townsquare Capital LLC lifted its stake in shares of Devon Energy by 40.4% in the third quarter. Townsquare Capital LLC now owns 22,773 shares of the energy company’s stock valued at $891,000 after buying an additional 6,554 shares in the last quarter. Finally, Principal Street Partners LLC acquired a new position in shares of Devon Energy during the third quarter valued at about $4,562,000. Institutional investors and hedge funds 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.