Q4 EPS Estimates for Devon Energy Cut by Zacks Research

Devon Energy Co. (NYSE:DVN - Free Report) - Research analysts at Zacks Research decreased their Q4 2026 earnings estimates for Devon Energy in a research note issued on Tuesday, March 4th. Zacks Research analyst J. Saha now forecasts that the energy company will earn $0.93 per share for the quarter, down from their previous forecast of $0.97. The consensus estimate for Devon Energy's current full-year earnings is $4.85 per share.

Devon Energy (NYSE:DVN - Get Free Report) last posted its earnings results on Tuesday, February 18th. The energy company reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.16. The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.25 billion. Devon Energy had a return on equity of 22.52% and a net margin of 18.14%.

Several other brokerages also recently weighed in on DVN. Susquehanna upped their target price on shares of Devon Energy from $50.00 to $52.00 and gave the company a "positive" rating in a report on Thursday, February 20th. Cowen downgraded shares of Devon Energy to a "hold" rating and reduced their price objective for the company from $46.00 to $45.00 in a research note on Tuesday, February 18th. Sanford C. Bernstein upgraded shares of Devon Energy from a "market perform" rating to an "outperform" rating and set a $45.00 target price on the stock in a research report on Wednesday, January 15th. Piper Sandler boosted their price target on Devon Energy from $54.00 to $55.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Finally, Citigroup cut Devon Energy from a "buy" rating to a "reduce" rating in a report on Wednesday. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $48.52.

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Devon Energy Price Performance

Shares of NYSE:DVN traded down $0.45 on Friday, hitting $34.26. The company had a trading volume of 3,905,657 shares, compared to its average volume of 7,826,920. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.57. The company has a market cap of $22.23 billion, a PE ratio of 7.54, a PEG ratio of 1.20 and a beta of 1.91. Devon Energy has a 52-week low of $30.39 and a 52-week high of $55.09. The business has a 50 day moving average of $35.24 and a 200 day moving average of $37.63.

Devon Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.80%. This is a boost from Devon Energy's previous quarterly dividend of $0.22. The ex-dividend date is Friday, March 14th. Devon Energy's dividend payout ratio is 21.05%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Sfmg LLC grew its stake in shares of Devon Energy by 0.5% in the third quarter. Sfmg LLC now owns 64,871 shares of the energy company's stock valued at $2,538,000 after buying an additional 294 shares in the last quarter. Redwood Wealth Management Group LLC raised its stake in shares of Devon Energy by 3.9% during the fourth quarter. Redwood Wealth Management Group LLC now owns 8,141 shares of the energy company's stock valued at $266,000 after purchasing an additional 309 shares during the period. Cornerstone Wealth Management LLC lifted its position in shares of Devon Energy by 1.6% during the fourth quarter. Cornerstone Wealth Management LLC now owns 21,242 shares of the energy company's stock worth $695,000 after purchasing an additional 326 shares in the last quarter. Annex Advisory Services LLC boosted its stake in shares of Devon Energy by 1.2% in the fourth quarter. Annex Advisory Services LLC now owns 27,021 shares of the energy company's stock valued at $884,000 after purchasing an additional 327 shares during the period. Finally, Fiduciary Trust Co boosted its stake in shares of Devon Energy by 3.1% in the third quarter. Fiduciary Trust Co now owns 11,074 shares of the energy company's stock valued at $433,000 after purchasing an additional 329 shares during the period. 69.72% of the stock is owned by hedge funds and other institutional investors.

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.