Zacks Research Has Positive View of Devon Energy Q1 Earnings

Devon Energy Co. (NYSE:DVN - Free Report) - Equities researchers at Zacks Research upped their Q1 2025 earnings estimates for Devon Energy in a report released on Tuesday, March 4th. Zacks Research analyst J. Saha now expects that the energy company will earn $1.25 per share for the quarter, up from their previous forecast of $1.16. 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 $1.20 EPS, Q3 2025 earnings at $1.34 EPS, Q4 2025 earnings at $1.11 EPS, FY2025 earnings at $4.89 EPS, Q1 2026 earnings at $1.14 EPS, Q2 2026 earnings at $1.25 EPS, Q3 2026 earnings at $1.16 EPS, FY2026 earnings at $4.49 EPS and FY2027 earnings at $4.60 EPS.

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

Several other analysts have also issued reports on DVN. Mizuho cut their price target on shares of Devon Energy from $51.00 to $47.00 and set an "outperform" rating for the company in a research report on Monday, December 16th. Citigroup lowered their price objective on shares of Devon Energy from $55.00 to $48.00 and set a "buy" rating for the company in a research note on Tuesday, November 26th. Wells Fargo & Company lowered their price objective on shares of Devon Energy from $49.00 to $43.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Cowen downgraded shares of Devon Energy to a "hold" rating and lowered their price objective for the company from $46.00 to $45.00 in a research note on Tuesday, February 18th. Finally, 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. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $48.87.

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Devon Energy Trading Up 2.6 %

NYSE DVN traded up $0.87 during trading on Thursday, hitting $34.74. 10,538,173 shares of the company's stock traded hands, compared to its average volume of 7,841,178. The stock has a fifty day moving average of $35.24 and a two-hundred day moving average of $37.63. 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 12-month low of $30.39 and a 12-month high of $55.09. The firm has a market cap of $22.54 billion, a P/E ratio of 7.62, a PEG ratio of 1.20 and a beta of 1.91.

Devon Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Devon Energy's previous quarterly dividend of $0.22. Devon Energy's dividend payout ratio is 21.05%.

Institutional Investors Weigh In On Devon Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of DVN. Bridgewater Associates LP purchased a new stake in shares of Devon Energy during the third quarter valued at approximately $9,426,000. Legacy Investment Solutions LLC purchased a new stake in shares of Devon Energy during the third quarter valued at approximately $8,002,000. Petrus Trust Company LTA grew its holdings in shares of Devon Energy by 394.7% during the third quarter. Petrus Trust Company LTA now owns 21,827 shares of the energy company's stock valued at $854,000 after buying an additional 17,415 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Devon Energy by 6.3% during the third quarter. CIBC Asset Management Inc now owns 107,182 shares of the energy company's stock valued at $4,193,000 after buying an additional 6,358 shares during the last quarter. Finally, Smead Capital Management Inc. grew its holdings in shares of Devon Energy by 3.5% during the third quarter. Smead Capital Management Inc. now owns 5,879,516 shares of the energy company's stock valued at $230,007,000 after buying an additional 198,193 shares during the last quarter. Hedge funds and other institutional investors own 69.72% of the company's stock.

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.