Devon Energy FY2026 EPS Boosted by Capital One Financial

Devon Energy Co. (NYSE:DVN - Free Report) - Equities research analysts at Capital One Financial increased their FY2026 EPS estimates for Devon Energy in a research note issued to investors on Wednesday, March 5th. Capital One Financial analyst P. Johnston now forecasts that the energy company will post earnings per share of $5.26 for the year, up from their previous forecast of $4.66. The consensus estimate for Devon Energy's current full-year earnings is $4.85 per share.

Devon Energy (NYSE:DVN - Get Free Report) 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. Devon Energy had a net margin of 18.14% and a return on equity of 22.52%. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.25 billion.

Several other research analysts also recently commented on DVN. Susquehanna boosted their price objective on shares of Devon Energy from $50.00 to $52.00 and gave the company a "positive" rating in a research report on Thursday, February 20th. Raymond James cut their price objective on Devon Energy from $54.00 to $46.00 and set an "outperform" rating on the stock in a report on Monday. Wells Fargo & Company cut their price objective on Devon Energy from $49.00 to $43.00 and set an "overweight" rating on the stock in a report on Tuesday, December 17th. Piper Sandler raised their price objective on Devon Energy from $54.00 to $55.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Finally, Benchmark reissued a "buy" rating and set a $44.00 price objective on shares of Devon Energy in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $48.58.

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Devon Energy Price Performance

Shares of NYSE DVN traded up $0.19 during midday trading on Monday, reaching $34.40. The company's stock had a trading volume of 8,721,211 shares, compared to its average volume of 7,854,918. Devon Energy has a fifty-two week low of $30.39 and a fifty-two week high of $55.09. The company has a market cap of $22.32 billion, a P/E ratio of 7.54, a P/E/G ratio of 1.20 and a beta of 1.91. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.01 and a current ratio of 1.04. The business's 50 day moving average price is $35.32 and its two-hundred day moving average price is $37.49.

Institutional Trading of Devon Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased 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 worth $2,640,727,000 after purchasing an additional 5,465,692 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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. bought a new position in shares of Devon Energy in the third quarter valued at approximately $461,857,000. Pacer Advisors Inc. grew its holdings in shares of 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 bought a new position in shares of Devon Energy in the third quarter valued at approximately $408,653,000. 69.72% of the stock is owned by institutional investors.

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 issued a dividend of $0.24 per share. This is a positive change from Devon Energy's previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Friday, March 14th. Devon Energy's payout ratio is currently 21.05%.

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.