Capital One Financial Estimates Devon Energy FY2026 Earnings

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

DVN has been the subject of a number of other research reports. Sanford C. Bernstein raised Devon Energy from a "market perform" rating to an "outperform" rating and set a $45.00 price target for the company in a report on Wednesday, January 15th. StockNews.com raised shares of Devon Energy from a "sell" rating to a "hold" rating in a report on Friday, January 3rd. Piper Sandler lifted their price target on shares of Devon Energy from $54.00 to $55.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Mizuho dropped their price objective on shares of Devon Energy from $51.00 to $47.00 and set an "outperform" rating for the company in a research note on Monday, December 16th. Finally, Benchmark restated a "buy" rating and issued a $44.00 target price on shares of Devon Energy in a research report on Thursday, February 20th. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $48.87.

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Devon Energy Stock Up 2.6 %

Shares of DVN opened at $34.74 on Monday. The firm has a 50 day simple moving average of $35.24 and a two-hundred day simple moving average of $37.63. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 1.01. Devon Energy has a one year low of $30.39 and a one year high of $55.09. The company has a market cap of $22.54 billion, a P/E ratio of 7.62, a P/E/G ratio of 1.20 and a beta of 1.91.

Devon Energy (NYSE:DVN - Get Free Report) last issued its earnings results on Tuesday, February 18th. The energy company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.00 by $0.16. The company had revenue of $4.40 billion during 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%.

Hedge Funds Weigh In On Devon Energy

Several hedge funds and other institutional investors have recently bought and sold shares of DVN. EnCap Energy Capital Fund XI L.P. bought a new position in shares of Devon Energy in the 3rd quarter worth about $461,857,000. EnCap Partners GP LLC bought a new stake in Devon Energy in the third quarter worth approximately $408,653,000. EnCap Energy Capital Fund X L.P. acquired a new position in Devon Energy in the third quarter valued at approximately $230,928,000. Vanguard Group Inc. lifted its stake in Devon Energy by 7.3% in 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 buying an additional 5,465,692 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Devon Energy in the 4th quarter valued at $154,170,000. Institutional investors and hedge funds own 69.72% of the company's stock.

Devon Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This is a boost from Devon Energy's previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 2.76%. Devon Energy's dividend payout ratio is 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.

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