Q1 EPS Estimates for Devon Energy Reduced by Zacks Research

Devon Energy Co. (NYSE:DVN) – Investment analysts at Zacks Research decreased their Q1 2025 EPS estimates for Devon Energy in a research note issued to investors on Tuesday, November 19th. Zacks Research analyst J. Saha now forecasts that the energy company will earn $1.11 per share for the quarter, down from their prior estimate of $1.35. The consensus estimate for Devon Energy’s current full-year earnings is $4.81 per share. Zacks Research also issued estimates for Devon Energy’s Q2 2025 earnings at $1.08 EPS, Q4 2025 earnings at $1.01 EPS, FY2025 earnings at $4.36 EPS, Q1 2026 earnings at $0.93 EPS and FY2026 earnings at $4.08 EPS.

Devon Energy (NYSE:DVN) last issued its quarterly earnings data on Tuesday, November 5th. The energy company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.01. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.72 billion. Devon Energy had a return on equity of 24.73% and a net margin of 21.71%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.65 EPS.

A number of other research firms have also weighed in on DVN. Raymond James cut their target price on shares of Devon Energy from $58.00 to $51.00 in a research report on Tuesday, November 5th. Truist Financial lowered shares of Devon Energy from a “buy” rating to a “hold” rating and dropped their target price for the stock from $49.00 to $43.00 in a research report on Thursday, November 7th. Scotiabank reduced their price target on shares of Devon Energy from $60.00 to $48.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. JPMorgan Chase & Co. dropped their price objective on shares of Devon Energy from $64.00 to $51.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th. Finally, Jefferies Financial Group assumed coverage on shares of Devon Energy in a research note on Thursday, October 3rd. They issued a “hold” rating and a $45.00 target price for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $51.85.

Devon Energy Trading Up 1.9 %

NYSE:DVN opened at $39.45 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.61. The company’s 50 day moving average is $39.94 and its 200-day moving average is $44.00. The firm has a market cap of $25.91 billion, a price-to-earnings ratio of 7.32, a P/E/G ratio of 1.20 and a beta of 2.03. Devon Energy has a 12 month low of $37.76 and a 12 month high of $55.09.

Hedge Funds Weigh In On Devon Energy

Institutional investors have recently bought and sold shares of the business. Triad Wealth Partners LLC bought a new position in shares of Devon Energy in the second quarter valued at about $27,000. 1620 Investment Advisors Inc. bought a new stake in shares of Devon Energy during the second quarter valued at approximately $34,000. Capital Performance Advisors LLP bought a new stake in shares of Devon Energy during the third quarter valued at approximately $35,000. PSI Advisors LLC increased its holdings in shares of Devon Energy by 66.7% in the second quarter. PSI Advisors LLC now owns 750 shares of the energy company’s stock valued at $36,000 after purchasing an additional 300 shares in the last quarter. Finally, LRI Investments LLC bought a new position in Devon Energy in the 1st quarter worth approximately $39,000. Institutional investors own 69.72% of the company’s stock.

Devon Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.88 dividend on an annualized basis and a yield of 2.23%. Devon Energy’s dividend payout ratio is 16.33%.

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.