Zacks Research Increases Earnings Estimates for Devon Energy

Devon Energy Co. (NYSE:DVN) – Stock analysts at Zacks Research increased their Q1 2025 earnings per share (EPS) estimates for shares of Devon Energy in a report issued on Monday, January 6th. Zacks Research analyst J. Saha now forecasts that the energy company will post earnings per share of $1.12 for the quarter, up from their prior forecast 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.

Several other brokerages also recently weighed in on DVN. Wolfe Research raised shares of Devon Energy from a “peer perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research report on Friday, January 3rd. Raymond James reduced their target price on Devon Energy from $58.00 to $51.00 in a report on Tuesday, November 5th. Scotiabank lowered their price target on Devon Energy from $60.00 to $48.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Jefferies Financial Group began coverage on Devon Energy in a report on Thursday, October 3rd. They issued a “hold” rating and a $45.00 price objective for the company. Finally, Barclays decreased their target price on Devon Energy from $55.00 to $46.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Devon Energy has a consensus rating of “Moderate Buy” and an average price target of $49.81.

Devon Energy Stock Up 1.3 %

NYSE:DVN opened at $35.15 on Thursday. 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 firm has a market cap of $23.09 billion, a P/E ratio of 6.52, a P/E/G ratio of 1.10 and a beta of 2.00. Devon Energy has a fifty-two week low of $30.39 and a fifty-two week high of $55.09. The firm has a 50-day simple moving average of $35.67 and a two-hundred day simple moving average of $40.73.

Devon Energy (NYSE:DVN) last issued its quarterly earnings results 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. The firm 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 company’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the company earned $1.65 earnings per share.

Devon Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Friday, December 13th. Devon Energy’s dividend payout ratio is 16.33%.

Hedge Funds Weigh In On Devon Energy

Large investors have recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. bought a new stake in shares of Devon Energy during the 2nd quarter valued at $1,026,000. Legacy Investment Solutions LLC purchased a new stake in Devon Energy in the 3rd quarter worth $8,002,000. Bridgewater Associates LP bought a new stake in Devon Energy during the third quarter valued at about $9,426,000. Petrus Trust Company LTA lifted its position in shares of Devon Energy by 394.7% in the third quarter. Petrus Trust Company LTA now owns 21,827 shares of the energy company’s stock valued at $854,000 after acquiring an additional 17,415 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Devon Energy by 6.3% in the third quarter. CIBC Asset Management Inc now owns 107,182 shares of the energy company’s stock worth $4,193,000 after acquiring an additional 6,358 shares during the period. Hedge funds and other 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.