Q1 EPS Estimates for Devon Energy Raised by Zacks Research

Devon Energy Co. (NYSE:DVN) – Equities research analysts at Zacks Research upped their Q1 2025 EPS estimates for shares of Devon Energy in a research report issued on Monday, January 6th. Zacks Research analyst J. Saha now anticipates that the energy company will post earnings of $1.12 per share for the quarter, up from their prior estimate 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.

Devon Energy (NYSE:DVN) last issued its 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. Devon Energy had a return on equity of 24.73% and a net margin of 21.71%. The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the previous year, the firm posted $1.65 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year.

A number of other equities research analysts also recently issued reports on the stock. UBS Group decreased their price target on shares of Devon Energy from $53.00 to $47.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 18th. TD Cowen decreased their target price on shares of Devon Energy from $54.00 to $46.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. Morgan Stanley reduced their price objective on Devon Energy from $55.00 to $51.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Wolfe Research raised Devon Energy from a “peer perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research note on Friday, January 3rd. Finally, BMO Capital Markets cut their target price on Devon Energy from $52.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Devon Energy presently has an average rating of “Moderate Buy” and a consensus target price of $49.81.

Devon Energy Stock Performance

NYSE:DVN opened at $35.15 on Thursday. The stock’s 50 day simple moving average is $35.67 and its two-hundred day simple moving average is $40.73. Devon Energy has a 1 year low of $30.39 and a 1 year high of $55.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.11 and a quick ratio of 1.01. The company has a market cap of $23.09 billion, a price-to-earnings ratio of 6.52, a PEG ratio of 1.10 and a beta of 2.00.

Devon Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.50%. The ex-dividend date was Friday, December 13th. Devon Energy’s payout ratio is 16.33%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new stake in shares of Devon Energy in the 3rd quarter worth $35,000. Future Financial Wealth Managment LLC purchased a new stake in Devon Energy in the third quarter valued at about $39,000. True Wealth Design LLC boosted its holdings in 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 worth $44,000 after acquiring an additional 1,089 shares in the last quarter. Hazlett Burt & Watson Inc. grew its stake in shares of Devon Energy by 29.8% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,263 shares of the energy company’s stock worth $49,000 after acquiring an additional 290 shares during the last quarter. Finally, Activest Wealth Management increased its holdings in shares of Devon Energy by 60.4% during the third quarter. Activest Wealth Management now owns 1,275 shares of the energy company’s stock valued at $50,000 after acquiring an additional 480 shares in the last quarter. 69.72% of the stock is owned by institutional investors.

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.