Q1 EPS Estimates for Devon Energy Raised by Zacks Research

Devon Energy Co. (NYSE:DVN) – Equities research analysts at Zacks Research upped their Q1 2025 earnings estimates for shares of Devon Energy in a note issued to investors on Thursday, January 9th. Zacks Research analyst J. Saha now expects that the energy company will earn $1.13 per share for the quarter, up from their previous 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 released its quarterly 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. Devon Energy had a net margin of 21.71% and a return on equity of 24.73%. The business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the previous year, the company earned $1.65 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year.

A number of other analysts also recently issued reports on DVN. Evercore ISI decreased their price objective on shares of Devon Energy from $55.00 to $50.00 and set an “in-line” rating for the company in a report on Monday, September 30th. Benchmark restated a “hold” rating on shares of Devon Energy in a research note on Tuesday, October 15th. Wells Fargo & Company cut their price target on shares of Devon Energy from $49.00 to $43.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Scotiabank decreased their price target on shares of Devon Energy from $60.00 to $48.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, Wolfe Research raised Devon Energy from a “peer perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research note on Friday, January 3rd. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $49.48.

Devon Energy Stock Performance

DVN stock opened at $36.10 on Monday. Devon Energy has a 12-month low of $30.39 and a 12-month high of $55.09. The firm has a market cap of $23.71 billion, a PE ratio of 6.70, a P/E/G ratio of 1.07 and a beta of 1.99. The business has a 50 day moving average of $35.62 and a 200-day moving average of $40.56. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.61.

Devon Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.44%. Devon Energy’s dividend payout ratio (DPR) is currently 16.33%.

Institutional Investors Weigh In On Devon Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in Devon Energy by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 15,892,970 shares of the energy company’s stock worth $619,747,000 after purchasing an additional 206,884 shares during the period. EnCap Energy Capital Fund XI L.P. purchased a new position in shares of Devon Energy in the third quarter worth $461,857,000. Pacer Advisors Inc. raised its holdings in Devon Energy by 16.9% during the 3rd quarter. Pacer Advisors Inc. now owns 11,591,168 shares of the energy company’s stock valued at $453,446,000 after buying an additional 1,677,652 shares during the last quarter. EnCap Partners GP LLC purchased a new stake in Devon Energy during the 3rd quarter valued at $408,653,000. Finally, Victory Capital Management Inc. grew its holdings in Devon Energy by 3.8% in the 3rd quarter. Victory Capital Management Inc. now owns 9,971,343 shares of the energy company’s stock worth $390,079,000 after acquiring an additional 361,968 shares during the last quarter. 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.