Devon Energy Co. (NYSE:DVN - Free Report) - Analysts at Capital One Financial increased their Q1 2025 EPS estimates for Devon Energy in a note issued to investors on Wednesday, March 5th. Capital One Financial analyst P. Johnston now anticipates that the energy company will post earnings per share of $1.12 for the quarter, up from their prior estimate of $1.08. The consensus estimate for Devon Energy's current full-year earnings is $4.85 per share. Capital One Financial also issued estimates for Devon Energy's Q2 2025 earnings at $1.21 EPS, Q3 2025 earnings at $1.27 EPS, Q4 2025 earnings at $1.32 EPS and FY2025 earnings at $4.91 EPS.
Devon Energy (NYSE:DVN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.00 by $0.16. The business 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%.
Other equities analysts have also recently issued reports about the company. Susquehanna lifted their target price on Devon Energy from $50.00 to $52.00 and gave the stock a "positive" rating in a report on Thursday, February 20th. Barclays lifted their price target on Devon Energy from $43.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 20th. Benchmark reaffirmed a "buy" rating and set a $44.00 price objective on shares of Devon Energy in a research note on Thursday, February 20th. StockNews.com raised shares of Devon Energy from a "sell" rating to a "hold" rating in a research report on Friday, January 3rd. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $50.00 price objective on shares of Devon Energy in a research note on Friday, January 10th. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Devon Energy currently has an average rating of "Moderate Buy" and an average target price of $48.87.
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Devon Energy Stock Performance
Shares of Devon Energy stock traded down $0.48 during trading on Friday, hitting $34.23. 3,515,906 shares of the stock were exchanged, compared to its average volume of 9,801,738. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.01 and a current ratio of 1.04. Devon Energy has a 12 month low of $30.39 and a 12 month high of $55.09. The stock's fifty day moving average is $35.24 and its 200 day moving average is $37.63. The stock has a market cap of $22.21 billion, a PE ratio of 7.51, a P/E/G ratio of 1.20 and a beta of 1.91.
Devon Energy Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Devon Energy's previous quarterly dividend of $0.22. Devon Energy's dividend payout ratio (DPR) is currently 21.05%.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in DVN. Hurley Capital LLC acquired a new stake in shares of Devon Energy in the fourth quarter valued at about $26,000. Accredited Wealth Management LLC bought a new stake in Devon Energy during the fourth quarter worth $28,000. Capital Performance Advisors LLP acquired a new stake in Devon Energy in the third quarter valued at $35,000. Cromwell Holdings LLC grew its position in shares of Devon Energy by 98.0% in the 4th quarter. Cromwell Holdings LLC now owns 1,208 shares of the energy company's stock valued at $40,000 after acquiring an additional 598 shares during the period. Finally, Sierra Ocean LLC acquired a new position in shares of Devon Energy during the 4th quarter worth about $43,000. Institutional investors own 69.72% of the company's stock.
About Devon Energy
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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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