Q1 EPS Estimates for Devon Energy Lowered by Analyst

Devon Energy Co. (NYSE:DVN - Free Report) - Equities researchers at Capital One Financial dropped their Q1 2025 earnings estimates for Devon Energy in a research note issued on Tuesday, November 12th. Capital One Financial analyst P. Johnston now expects that the energy company will post earnings per share of $0.81 for the quarter, down from their prior forecast of $0.99. The consensus estimate for Devon Energy's current full-year earnings is $4.86 per share. Capital One Financial also issued estimates for Devon Energy's Q3 2025 earnings at $0.97 EPS and Q4 2025 earnings at $1.02 EPS.

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

A number of other research firms also recently weighed in on DVN. Sanford C. Bernstein decreased their target price on shares of Devon Energy from $48.00 to $43.00 and set a "market perform" rating for the company in a research report on Wednesday, July 17th. JPMorgan Chase & Co. lowered their target price on Devon Energy from $64.00 to $51.00 and set an "overweight" rating on the stock in a research report on Thursday, September 12th. Truist Financial cut Devon Energy from a "buy" rating to a "hold" rating and reduced their price target for the company from $49.00 to $43.00 in a research report on Thursday, November 7th. TD Cowen lowered their price target on Devon Energy from $54.00 to $46.00 and set a "hold" rating on the stock in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $57.00 price objective on shares of Devon Energy in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $51.80.

Devon Energy Stock Up 2.0 %

NYSE:DVN traded up $0.76 during trading hours on Wednesday, reaching $39.10. 8,313,337 shares of the stock were exchanged, compared to its average volume of 7,445,225. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.11 and a quick ratio of 1.01. Devon Energy has a twelve month low of $37.76 and a twelve month high of $55.09. The stock has a market cap of $25.68 billion, a PE ratio of 7.19, a PEG ratio of 1.19 and a beta of 2.03. The firm has a 50 day moving average of $40.27 and a 200 day moving average of $44.59.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Triad Wealth Partners LLC acquired a new position in shares of Devon Energy in the 2nd quarter valued at approximately $27,000. 1620 Investment Advisors Inc. bought a new stake in Devon Energy during the second quarter worth $34,000. PSI Advisors LLC lifted its stake in Devon Energy by 66.7% during the second quarter. PSI Advisors LLC now owns 750 shares of the energy company's stock worth $36,000 after purchasing an additional 300 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Devon Energy in the 1st quarter valued at $39,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Devon Energy in the 3rd quarter valued at $35,000. 69.72% of the stock is owned by institutional investors.

Devon Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Friday, December 13th. Devon Energy's dividend payout ratio is currently 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.