Devon Energy Co. (NYSE:DVN - Free Report) - Investment analysts at Zacks Research boosted their Q1 2025 earnings per share (EPS) estimates for Devon Energy in a report released on Monday, January 6th. Zacks Research analyst J. Saha now anticipates that the energy company will post earnings per share of $1.12 for the quarter, up from their prior forecast of $1.11. 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 Q3 2025 earnings at $1.15 EPS, Q4 2025 earnings at $1.02 EPS, FY2025 earnings at $4.38 EPS, Q3 2026 earnings at $1.09 EPS, Q4 2026 earnings at $1.01 EPS and FY2026 earnings at $4.09 EPS.
Several other research firms have also issued reports on DVN. Barclays dropped their price objective on Devon Energy from $55.00 to $46.00 and set an "equal weight" rating for the company in a research note on Thursday, October 3rd. Wells Fargo & Company dropped their target price on shares of Devon Energy from $49.00 to $43.00 and set an "overweight" rating for the company in a research report on Tuesday, December 17th. Citigroup decreased their price target on shares of Devon Energy from $55.00 to $48.00 and set a "buy" rating on the stock in a report on Tuesday, November 26th. Mizuho dropped their price objective on shares of Devon Energy from $51.00 to $47.00 and set an "outperform" rating for the company in a report on Monday, December 16th. Finally, StockNews.com raised Devon Energy from a "sell" rating to a "hold" rating in a research note on Friday, January 3rd. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Devon Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.81.
Read Our Latest Analysis on DVN
Devon Energy Price Performance
NYSE:DVN traded up $0.46 during mid-day trading on Thursday, hitting $35.15. 10,934,483 shares of the stock traded hands, compared to its average volume of 10,595,410. Devon Energy has a 12-month low of $30.39 and a 12-month high of $55.09. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.61. The company has a market cap of $23.09 billion, a PE ratio of 6.52, a price-to-earnings-growth ratio of 1.10 and a beta of 2.00. The business's 50-day moving average price is $35.67 and its 200 day moving average price is $40.73.
Devon Energy (NYSE:DVN - Get Free Report) last posted its earnings results on Tuesday, November 5th. The energy company reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.09 by $0.01. Devon Energy had a return on equity of 24.73% and a net margin of 21.71%. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the firm earned $1.65 EPS. The company's quarterly revenue was up 4.9% compared to the same quarter last year.
Devon Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Friday, December 13th. Devon Energy's payout ratio is 16.33%.
Institutional Investors Weigh In On Devon Energy
Several institutional investors and hedge funds have recently bought and sold shares of DVN. William B. Walkup & Associates Inc. bought a new stake in Devon Energy in the second quarter valued at $1,026,000. Legacy Investment Solutions LLC purchased a new stake in shares of Devon Energy in the 3rd quarter worth about $8,002,000. Bridgewater Associates LP bought a new stake in shares of Devon Energy during the 3rd quarter valued at about $9,426,000. Petrus Trust Company LTA increased its position 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 period. Finally, CIBC Asset Management Inc raised its stake in Devon Energy by 6.3% in the third quarter. CIBC Asset Management Inc now owns 107,182 shares of the energy company's stock worth $4,193,000 after buying an additional 6,358 shares in the last quarter. Hedge funds and other institutional investors own 69.72% of the company's stock.
About Devon Energy
(
Get Free Report)
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.
See Also
Before you consider Devon Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Devon Energy wasn't on the list.
While Devon Energy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
