Q1 EPS Estimates for Devon Energy Cut by Zacks Research

Devon Energy Co. (NYSE:DVN) – Stock analysts at Zacks Research lowered their Q1 2025 EPS estimates for shares of Devon Energy in a report issued on Tuesday, March 25th. Zacks Research analyst J. Saha now anticipates that the energy company will post earnings per share of $1.24 for the quarter, down from their previous estimate of $1.25. The consensus estimate for Devon Energy’s current full-year earnings is $4.85 per share. Zacks Research also issued estimates for Devon Energy’s Q2 2025 earnings at $1.19 EPS, Q3 2025 earnings at $1.28 EPS, Q4 2025 earnings at $1.09 EPS, FY2025 earnings at $4.80 EPS, Q1 2026 earnings at $1.12 EPS, Q2 2026 earnings at $1.23 EPS, Q3 2026 earnings at $1.13 EPS and FY2026 earnings at $4.39 EPS.

A number of other research firms have also recently commented on DVN. Wells Fargo & Company dropped their price objective on Devon Energy from $49.00 to $43.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Barclays boosted their price objective on shares of Devon Energy from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Thursday, February 20th. Citigroup decreased their target price on shares of Devon Energy from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. Mizuho lowered their target price on shares of Devon Energy from $51.00 to $47.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Finally, Piper Sandler increased their price target on Devon Energy from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. Ten investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.29.

Devon Energy Stock Performance

NYSE DVN opened at $36.79 on Friday. 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 fifty-two week low of $30.39 and a fifty-two week high of $55.09. The business has a fifty day moving average of $35.38 and a 200-day moving average of $36.89. The stock has a market cap of $23.87 billion, a price-to-earnings ratio of 8.07, a price-to-earnings-growth ratio of 1.20 and a beta of 1.91.

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

Devon Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Devon Energy’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 2.61%. Devon Energy’s dividend payout ratio (DPR) is 21.05%.

Institutional Investors Weigh In On Devon Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. EnCap Energy Capital Fund XI L.P. acquired a new position in Devon Energy during the 3rd quarter worth approximately $461,857,000. EnCap Partners GP LLC purchased a new position in shares of Devon Energy in the third quarter valued at $408,653,000. EnCap Energy Capital Fund X L.P. purchased a new position in shares of Devon Energy in the third quarter valued at $230,928,000. Vanguard Group Inc. grew 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 purchasing an additional 5,465,692 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Devon Energy during the 4th quarter worth $154,170,000. 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.