Q1 EPS Estimates for Devon Energy Reduced by Zacks Research

Devon Energy Co. (NYSE:DVN - Free Report) - Equities research analysts at Zacks Research lowered their Q1 2025 earnings per share estimates for Devon Energy in a research note issued to investors on Tuesday, March 25th. Zacks Research analyst J. Saha now forecasts that the energy company will post earnings of $1.24 per share for the quarter, down from their previous estimate of $1.25. The consensus estimate for Devon Energy's current full-year earnings is $4.85 per share. Zacks Research also issued estimates for Devon Energy's Q2 2025 earnings at $1.19 EPS, Q3 2025 earnings at $1.28 EPS, Q4 2025 earnings at $1.09 EPS, FY2025 earnings at $4.80 EPS, Q1 2026 earnings at $1.12 EPS, Q2 2026 earnings at $1.23 EPS, Q3 2026 earnings at $1.13 EPS and FY2026 earnings at $4.39 EPS.

A number of other research analysts also recently issued reports on the company. Truist Financial upped their price target on Devon Energy from $42.00 to $44.00 and gave the company a "hold" rating in a report on Thursday, February 20th. Susquehanna raised their price target 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. Raymond James decreased their price objective on shares of Devon Energy from $54.00 to $46.00 and set an "outperform" rating for the company in a report on Monday, March 10th. Piper Sandler lifted their target price on shares of Devon Energy from $54.00 to $55.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. lowered their price target on Devon Energy from $48.00 to $42.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Ten equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Devon Energy currently has an average rating of "Moderate Buy" and an average target price of $48.29.

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Devon Energy Stock Up 2.0 %

NYSE DVN traded up $0.74 during mid-day trading on Friday, reaching $37.50. The stock had a trading volume of 2,742,845 shares, compared to its average volume of 8,107,110. The company has a fifty day moving average price of $35.38 and a 200 day moving average price of $36.84. 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 1 year low of $30.39 and a 1 year high of $55.09. The stock has a market cap of $24.34 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 1.20 and a beta of 1.91.

Devon Energy (NYSE:DVN - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $4.40 billion during the quarter, compared to analysts' expectations of $4.25 billion. Devon Energy had a return on equity of 22.52% and a net margin of 18.14%.

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 issued a $0.24 dividend. 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 dividend on an annualized basis and a yield of 2.56%. Devon Energy's payout ratio is currently 21.05%.

Institutional Investors Weigh In On Devon Energy

A number of institutional investors have recently added to or reduced their stakes in DVN. Sfmg LLC boosted its position in shares of Devon Energy by 0.5% during the third quarter. Sfmg LLC now owns 64,871 shares of the energy company's stock worth $2,538,000 after acquiring an additional 294 shares during the last quarter. Redwood Wealth Management Group LLC lifted its stake in Devon Energy by 3.9% in the 4th quarter. Redwood Wealth Management Group LLC now owns 8,141 shares of the energy company's stock worth $266,000 after purchasing an additional 309 shares in the last quarter. Cornerstone Wealth Management LLC boosted its holdings in shares of Devon Energy by 1.6% during the 4th quarter. Cornerstone Wealth Management LLC now owns 21,242 shares of the energy company's stock valued at $695,000 after purchasing an additional 326 shares during the last quarter. Annex Advisory Services LLC grew its position in shares of Devon Energy by 1.2% during 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 in the last quarter. Finally, Fiduciary Trust Co increased its holdings 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 worth $433,000 after purchasing an additional 329 shares during the last quarter. 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.