Q1 EPS Estimates for Devon Energy Boosted by Analyst

Devon Energy Co. (NYSE:DVN) – Stock analysts at Capital One Financial raised their Q1 2025 EPS estimates for shares of Devon Energy in a report issued on Wednesday, March 5th. Capital One Financial analyst P. Johnston now forecasts that the energy company will earn $1.12 per share for the quarter, up from their previous estimate of $1.08. The consensus estimate for Devon Energy’s current full-year earnings is $4.85 per share. Capital One Financial also issued estimates for Devon Energy’s Q2 2025 earnings at $1.21 EPS, Q3 2025 earnings at $1.27 EPS, Q4 2025 earnings at $1.32 EPS and FY2025 earnings at $4.91 EPS.

Other equities analysts also recently issued reports about the stock. 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 report on Friday, January 3rd. Piper Sandler lifted their price target on shares of Devon Energy from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. Sanford C. Bernstein upgraded shares of 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. Cowen cut shares of Devon Energy to a “hold” rating and decreased their price objective for the company from $46.00 to $45.00 in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lowered shares of Devon Energy from an “overweight” rating to a “neutral” rating and set a $43.00 price target on the stock. in a research note on Thursday, December 5th. Ten research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Devon Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.87.

Devon Energy Price Performance

Shares of Devon Energy stock opened at $34.74 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 1.01. Devon Energy has a fifty-two week low of $30.39 and a fifty-two week high of $55.09. The firm has a fifty day moving average price of $35.17 and a two-hundred day moving average price of $37.79. The company has a market cap of $22.54 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 1.20 and a beta of 1.91.

Devon Energy (NYSE:DVN) last announced its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.00 by $0.16. Devon Energy had a net margin of 18.14% and a return on equity of 22.52%. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.25 billion.

Institutional Investors Weigh In On Devon Energy

Several large investors have recently bought and sold shares of the business. EnCap Energy Capital Fund XI L.P. bought a new stake in Devon Energy during the 3rd quarter valued at approximately $461,857,000. EnCap Partners GP LLC bought a new position in shares of Devon Energy during the 3rd quarter valued at approximately $408,653,000. EnCap Energy Capital Fund X L.P. purchased a new position in Devon Energy during the 3rd quarter valued at $230,928,000. Vanguard Group Inc. boosted its holdings in Devon Energy by 7.3% during the 4th quarter. Vanguard Group Inc. now owns 80,682,170 shares of the energy company’s stock valued at $2,640,727,000 after acquiring an additional 5,465,692 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Devon Energy in the 4th quarter worth $154,170,000. 69.72% of the stock is currently owned by institutional investors.

Devon Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.76%. This is an increase from Devon Energy’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, March 14th. Devon Energy’s dividend payout ratio (DPR) is presently 21.05%.

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.