FY2025 EPS Estimates for Devon Energy Lifted by Analyst

Devon Energy Co. (NYSE:DVN) – Equities researchers at Scotiabank upped their FY2025 earnings per share estimates for shares of Devon Energy in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst P. Cheng now anticipates that the energy company will post earnings per share of $4.50 for the year, up from their previous estimate of $4.20. The consensus estimate for Devon Energy’s current full-year earnings is $4.85 per share. Scotiabank also issued estimates for Devon Energy’s FY2026 earnings at $4.95 EPS.

Other equities research analysts have also recently issued reports about the company. 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. Wells Fargo & Company decreased their price objective on Devon Energy from $49.00 to $43.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Mizuho decreased their price objective on Devon Energy from $51.00 to $47.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. StockNews.com upgraded Devon Energy from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Finally, Williams Trading set a $50.00 target price on Devon Energy in a report on Wednesday, March 5th. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Devon Energy has an average rating of “Moderate Buy” and a consensus target price of $48.46.

Devon Energy Stock Up 0.1 %

Shares of Devon Energy stock opened at $36.18 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.57. Devon Energy has a 12 month low of $30.39 and a 12 month high of $55.09. The business has a fifty day simple moving average of $35.46 and a 200 day simple moving average of $36.98. The stock has a market cap of $23.48 billion, a PE ratio of 7.93, a price-to-earnings-growth ratio of 1.20 and a beta of 1.91.

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

Hedge Funds Weigh In On Devon Energy

A number of institutional investors have recently bought and sold shares of DVN. Hurley Capital LLC acquired a new position in Devon Energy during the fourth quarter worth approximately $26,000. Accredited Wealth Management LLC acquired a new position in shares of Devon Energy in the fourth quarter valued at approximately $28,000. Cromwell Holdings LLC grew its position in shares of Devon Energy by 98.0% in the fourth quarter. Cromwell Holdings LLC now owns 1,208 shares of the energy company’s stock valued at $40,000 after purchasing an additional 598 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Devon Energy in the fourth quarter valued at approximately $43,000. Finally, True Wealth Design LLC grew its position in shares of Devon Energy by 3,889.3% in the third quarter. True Wealth Design LLC now owns 1,117 shares of the energy company’s stock valued at $44,000 after purchasing an additional 1,089 shares during the last quarter. Institutional investors and hedge funds own 69.72% of the company’s stock.

Devon Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Friday, March 14th. This is an increase from Devon Energy’s previous quarterly dividend of $0.22. Devon Energy’s payout ratio is 21.05%.

About Devon Energy

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.