Q1 EPS Estimates for Devon Energy Raised by Zacks Research

Devon Energy Co. (NYSE:DVN - Free Report) - Investment analysts at Zacks Research raised their Q1 2025 earnings estimates for Devon Energy in a research report issued to clients and investors on Thursday, January 9th. Zacks Research analyst J. Saha now expects that the energy company will earn $1.13 per share for the quarter, up from their prior estimate of $1.12. The consensus estimate for Devon Energy's current full-year earnings is $4.79 per share. Zacks Research also issued estimates for Devon Energy's Q2 2025 earnings at $1.09 EPS, Q4 2025 earnings at $1.03 EPS, FY2025 earnings at $4.42 EPS, Q1 2026 earnings at $0.95 EPS, Q2 2026 earnings at $1.14 EPS and FY2026 earnings at $4.14 EPS.

A number of other brokerages have also issued reports on DVN. Raymond James decreased their target price on shares of Devon Energy from $58.00 to $51.00 in a research report on Tuesday, November 5th. Evercore ISI decreased their target price on shares of Devon Energy from $55.00 to $50.00 and set an "in-line" rating for the company in a report on Monday, September 30th. Citigroup lowered their price target on Devon Energy from $55.00 to $48.00 and set a "buy" rating on the stock in a report on Tuesday, November 26th. BMO Capital Markets reduced their price objective on Devon Energy from $52.00 to $48.00 and set an "outperform" rating for the company in a research note on Friday, October 4th. Finally, Truist Financial lowered their target price on Devon Energy from $43.00 to $42.00 and set a "hold" rating on the stock in a research note on Monday. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, Devon Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.43.

Devon Energy Stock Performance

Devon Energy stock traded up $0.85 during midday trading on Monday, reaching $36.84. 12,186,464 shares of the stock traded hands, compared to its average volume of 11,430,712. Devon Energy has a fifty-two week low of $30.39 and a fifty-two week high of $55.09. The firm has a market cap of $24.20 billion, a price-to-earnings ratio of 6.83, a PEG ratio of 1.07 and a beta of 1.99. The firm has a fifty day moving average price of $35.58 and a two-hundred day moving average price of $40.49. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61.

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

Devon Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Friday, December 13th. Devon Energy's dividend payout ratio is 16.33%.

Institutional Trading of Devon Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in Devon Energy in the 3rd quarter worth $35,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Devon Energy in the third quarter valued at about $39,000. True Wealth Design LLC grew its position in shares of Devon Energy by 3,889.3% in the third quarter. True Wealth Design LLC now owns 1,117 shares of the energy company's stock valued at $44,000 after purchasing an additional 1,089 shares during the last quarter. Hazlett Burt & Watson Inc. increased its stake in shares of Devon Energy by 29.8% in the third quarter. Hazlett Burt & Watson Inc. now owns 1,263 shares of the energy company's stock worth $49,000 after purchasing an additional 290 shares during the period. Finally, Activest Wealth Management lifted its position in shares of Devon Energy by 60.4% during the 3rd quarter. Activest Wealth Management now owns 1,275 shares of the energy company's stock worth $50,000 after purchasing an additional 480 shares during the last quarter. 69.72% of the stock is currently owned by institutional investors and hedge funds.

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.