Q1 EPS Estimates for Devon Energy Boosted by Zacks Research

Devon Energy Co. (NYSE:DVN) – Analysts at Zacks Research upped their Q1 2025 EPS estimates for shares of Devon Energy in a report released on Tuesday, March 4th. Zacks Research analyst J. Saha now expects that the energy company will earn $1.25 per share for the quarter, up from their previous estimate of $1.16. 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 $1.20 EPS, Q3 2025 earnings at $1.34 EPS, Q4 2025 earnings at $1.11 EPS, FY2025 earnings at $4.89 EPS, Q1 2026 earnings at $1.14 EPS, Q2 2026 earnings at $1.25 EPS, Q3 2026 earnings at $1.16 EPS, FY2026 earnings at $4.49 EPS and FY2027 earnings at $4.60 EPS.

A number of other research firms have also weighed in on DVN. Cowen lowered shares of Devon Energy to a “hold” rating and reduced their price objective for the stock from $46.00 to $45.00 in a research report on Tuesday, February 18th. Susquehanna increased their price objective on shares of Devon Energy from $50.00 to $52.00 and gave the stock a “positive” rating in a research report on Thursday, February 20th. Wells Fargo & Company reduced their price objective on shares of Devon Energy from $49.00 to $43.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Citigroup reduced their price objective on shares of Devon Energy from $55.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. lowered shares of Devon Energy from an “overweight” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a research report on Thursday, December 5th. Ten research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $48.87.

Devon Energy Stock Up 0.4 %

Shares of NYSE DVN opened at $33.81 on Thursday. The firm’s 50-day moving average price is $35.12 and its 200-day moving average price is $37.82. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $21.94 billion, a price-to-earnings ratio of 7.41, a P/E/G ratio of 1.20 and a beta of 1.91. Devon Energy has a 12-month low of $30.39 and a 12-month high of $55.09.

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

Devon Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Devon Energy’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.84%. Devon Energy’s dividend payout ratio (DPR) is currently 21.05%.

Hedge Funds Weigh In On Devon Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Devon Energy by 7.3% during the fourth 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. Geode Capital Management LLC boosted its stake in Devon Energy by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 16,931,275 shares of the energy company’s stock valued at $552,830,000 after acquiring an additional 1,038,305 shares in the last quarter. EnCap Energy Capital Fund XI L.P. acquired a new stake in Devon Energy in the third quarter valued at approximately $461,857,000. Pacer Advisors Inc. boosted its stake in Devon Energy by 16.9% in the third quarter. Pacer Advisors Inc. now owns 11,591,168 shares of the energy company’s stock valued at $453,446,000 after acquiring an additional 1,677,652 shares in the last quarter. Finally, EnCap Partners GP LLC acquired a new stake in Devon Energy in the third quarter valued at approximately $408,653,000. 69.72% of the stock is currently owned by institutional investors.

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.