Scotiabank Estimates Devon Energy FY2026 Earnings

Devon Energy Co. (NYSE:DVN) – Scotiabank issued their FY2026 earnings estimates for shares of Devon Energy in a report issued on Wednesday, January 8th. Scotiabank analyst P. Cheng forecasts that the energy company will earn $4.45 per share for the year. Scotiabank currently has a “Sector Outperform” rating and a $48.00 price objective on the stock. The consensus estimate for Devon Energy’s current full-year earnings is $4.79 per share.

Devon Energy (NYSE:DVN) last announced its quarterly earnings results on Tuesday, November 5th. The energy company reported $1.10 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the business earned $1.65 EPS. Devon Energy’s revenue for the quarter was up 4.9% on a year-over-year basis.

DVN has been the topic of a number of other reports. Wolfe Research raised shares of Devon Energy from a “peer perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Friday, January 3rd. Barclays cut their target price on Devon Energy from $55.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Benchmark reissued a “hold” rating on shares of Devon Energy in a research report on Tuesday, October 15th. Evercore ISI cut their price target on Devon Energy from $55.00 to $50.00 and set an “in-line” rating on the stock in a research report on Monday, September 30th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $50.00 price objective on shares of Devon Energy in a report on Friday. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $49.48.

Devon Energy Stock Performance

Shares of Devon Energy stock opened at $36.10 on Friday. The firm has a market capitalization of $23.71 billion, a P/E ratio of 6.70, a P/E/G ratio of 1.07 and a beta of 1.99. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.61. Devon Energy has a 52 week low of $30.39 and a 52 week high of $55.09. The firm’s 50 day moving average is $35.67 and its two-hundred day moving average is $40.73.

Institutional Investors Weigh In On Devon Energy

A number of institutional investors and hedge funds have recently modified their holdings of DVN. William B. Walkup & Associates Inc. purchased a new stake in Devon Energy during the second quarter worth $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 acquired a new stake in Devon Energy in the 3rd quarter valued at about $9,426,000. Petrus Trust Company LTA increased its holdings in Devon Energy by 394.7% during the 3rd quarter. Petrus Trust Company LTA now owns 21,827 shares of the energy company’s stock valued at $854,000 after acquiring an additional 17,415 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in Devon Energy by 6.3% during the third quarter. CIBC Asset Management Inc now owns 107,182 shares of the energy company’s stock worth $4,193,000 after acquiring an additional 6,358 shares during the last quarter. Institutional investors and hedge funds own 69.72% of the company’s stock.

Devon Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were given a dividend of $0.22 per share. The ex-dividend date was Friday, December 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.44%. Devon Energy’s payout ratio is 16.33%.

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.