Q3 EPS Estimates for Devon Energy Raised by Zacks Research

Devon Energy Co. (NYSE:DVN) – Equities research analysts at Zacks Research upped their Q3 2025 earnings estimates for Devon Energy in a report released on Wednesday, January 29th. Zacks Research analyst J. Saha now expects that the energy company will post earnings per share of $1.21 for the quarter, up from their previous estimate of $1.16. The consensus estimate for Devon Energy’s current full-year earnings is $4.68 per share. Zacks Research also issued estimates for Devon Energy’s FY2025 earnings at $4.52 EPS, Q1 2026 earnings at $1.01 EPS and FY2026 earnings at $4.26 EPS.

Several other equities research analysts also recently issued reports on DVN. BMO Capital Markets dropped their price target on shares of Devon Energy from $52.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Piper Sandler increased their target price on Devon Energy from $53.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday. StockNews.com raised shares of Devon Energy from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $50.00 target price on shares of Devon Energy in a research report on Friday, January 10th. Finally, Wells Fargo & Company decreased their price target 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. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.45.

Devon Energy Stock Down 2.7 %

NYSE DVN opened at $34.09 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. Devon Energy has a fifty-two week low of $30.39 and a fifty-two week high of $55.09. The business has a 50 day moving average price of $34.89 and a two-hundred day moving average price of $39.54. The stock has a market cap of $22.39 billion, a PE ratio of 6.32, a P/E/G ratio of 1.10 and a beta of 2.00.

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

Devon Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.88 annualized dividend and a dividend yield of 2.58%. Devon Energy’s dividend payout ratio is 16.33%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bridgewater Associates LP acquired a new position in shares of Devon Energy during the 3rd quarter valued at about $9,426,000. Legacy Investment Solutions LLC bought a new position in shares of Devon Energy in the third quarter valued at approximately $8,002,000. Petrus Trust Company LTA lifted its stake in shares of Devon Energy by 394.7% in the third quarter. Petrus Trust Company LTA now owns 21,827 shares of the energy company’s stock worth $854,000 after buying an additional 17,415 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Devon Energy by 6.3% during the 3rd quarter. CIBC Asset Management Inc now owns 107,182 shares of the energy company’s stock worth $4,193,000 after buying an additional 6,358 shares during the period. Finally, Smead Capital Management Inc. grew its stake in Devon Energy by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 5,879,516 shares of the energy company’s stock valued at $230,007,000 after buying an additional 198,193 shares during the last quarter. Hedge funds and other institutional investors own 69.72% of the company’s stock.

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.