Q3 EPS Estimates for Devon Energy Raised by Zacks Research

Devon Energy Co. (NYSE:DVN) – Research analysts at Zacks Research increased their Q3 2026 EPS estimates for Devon Energy in a report issued on Wednesday, January 29th. Zacks Research analyst J. Saha now anticipates that the energy company will earn $1.11 per share for the quarter, up from their prior estimate of $1.06. 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 Q4 2026 earnings at $0.97 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 the consensus estimate of $1.09 by $0.01. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.72 billion. Devon Energy had a net margin of 21.71% and a return on equity of 24.73%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.65 EPS.

Several other analysts have also recently weighed in on the company. Raymond James boosted their price target on Devon Energy from $53.00 to $54.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Piper Sandler upped their price target on shares of Devon Energy from $53.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. TD Cowen cut their price target on shares of Devon Energy from $54.00 to $46.00 and set a “hold” rating on the stock in a report on Tuesday, November 5th. Mizuho reduced their price objective on shares of Devon Energy from $51.00 to $47.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. lowered Devon Energy from an “overweight” rating to a “neutral” rating and set a $43.00 target price for the company. in a research report on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.45.

Devon Energy Trading Down 2.7 %

Shares of DVN stock opened at $34.09 on Monday. Devon Energy has a twelve month low of $30.39 and a twelve month high of $55.09. The stock’s fifty day simple moving average is $34.89 and its 200 day simple moving average is $39.41. 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 firm has a market capitalization of $22.39 billion, a P/E ratio of 6.32, a P/E/G ratio of 1.10 and a beta of 2.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DVN. Capital Performance Advisors LLP acquired a new position in shares of Devon Energy during the third quarter worth approximately $35,000. Future Financial Wealth Managment LLC acquired a new position in Devon Energy during the third quarter worth $39,000. Sierra Ocean LLC bought a new position in shares of Devon Energy in the fourth quarter valued at $43,000. True Wealth Design LLC grew its holdings in shares of Devon Energy by 3,889.3% during the third quarter. True Wealth Design LLC now owns 1,117 shares of the energy company’s stock valued at $44,000 after buying an additional 1,089 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. increased its position in shares of Devon Energy by 29.8% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,263 shares of the energy company’s stock worth $49,000 after acquiring an additional 290 shares in the last quarter. Institutional investors own 69.72% of the company’s stock.

Devon Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Friday, December 13th. Devon Energy’s 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.