Zacks Research Increases Earnings Estimates for Devon Energy

Devon Energy Co. (NYSE:DVN) – Analysts at Zacks Research boosted their Q1 2025 earnings estimates for shares of Devon Energy in a report issued 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 estimate 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) last issued its 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 analysts’ expectations of $4.25 billion.

Other analysts also recently issued research reports about the stock. Susquehanna upped their price target on shares of Devon Energy from $50.00 to $52.00 and gave the company a “positive” rating in a research report on Thursday, February 20th. Citigroup reduced their price target on shares of Devon Energy from $55.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Raymond James upped their price target on shares of Devon Energy from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Barclays upped their price target on shares of Devon Energy from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Thursday, February 20th. Finally, Cowen downgraded shares of Devon Energy to a “hold” rating and reduced their price target for the company from $46.00 to $45.00 in a research report on Tuesday, February 18th. Ten investment 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $48.87.

Devon Energy Trading Up 2.6 %

Shares of Devon Energy stock opened at $34.74 on Thursday. The company has a fifty day simple moving average of $35.17 and a 200-day simple moving average of $37.79. Devon Energy has a 12-month low of $30.39 and a 12-month high of $55.09. The stock has a market cap of $22.54 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 1.20 and a beta of 1.91. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.57.

Devon Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. 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 dividend yield of 2.76%. Devon Energy’s dividend payout ratio is 21.05%.

Hedge Funds Weigh In On Devon Energy

A number of institutional investors and hedge funds have recently made changes to their positions in DVN. Hurley Capital LLC acquired a new position in shares of Devon Energy during the 4th quarter worth $26,000. Accredited Wealth Management LLC acquired a new stake in Devon Energy in the 4th quarter valued at about $28,000. Capital Performance Advisors LLP acquired a new stake in Devon Energy in the 3rd quarter valued at about $35,000. Cromwell Holdings LLC grew its stake in Devon Energy by 98.0% in the 4th quarter. Cromwell Holdings LLC now owns 1,208 shares of the energy company’s stock valued at $40,000 after acquiring an additional 598 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new stake in Devon Energy in the 4th quarter valued at about $43,000. 69.72% of the stock is owned by institutional investors and hedge funds.

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.