Q4 EPS Estimates for Devon Energy Reduced by Zacks Research

Devon Energy Co. (NYSE:DVN) – Investment analysts at Zacks Research reduced their Q4 2026 EPS estimates for Devon Energy in a research report issued to clients and investors on Tuesday, March 25th. Zacks Research analyst J. Saha now anticipates that the energy company will earn $0.91 per share for the quarter, down from their previous estimate of $0.93. 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 FY2027 earnings at $4.43 EPS.

Devon Energy (NYSE:DVN) last released its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.16. Devon Energy had a return on equity of 22.52% and a net margin of 18.14%. The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.25 billion.

A number of other brokerages have also recently issued reports on DVN. Wolfe Research upgraded Devon Energy from a “peer perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Friday, January 3rd. Morgan Stanley set a $47.00 target price on Devon Energy and gave the stock an “overweight” rating in a report on Wednesday. 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 note on Thursday, February 20th. Wells Fargo & Company dropped 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. Finally, JPMorgan Chase & Co. decreased their target price on shares of Devon Energy from $48.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Ten investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Devon Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.29.

Devon Energy Stock Performance

NYSE DVN opened at $36.79 on Thursday. Devon Energy has a 52-week low of $30.39 and a 52-week high of $55.09. The stock has a market cap of $23.87 billion, a PE ratio of 8.07, a P/E/G ratio of 1.20 and a beta of 1.91. The firm has a 50-day moving average of $35.38 and a 200-day moving average of $36.89. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.01 and a current ratio of 1.04.

Hedge Funds Weigh In On Devon Energy

Hedge funds have recently made changes to their positions in the stock. Hurley Capital LLC bought a new stake in shares of Devon Energy during the 4th quarter valued at about $26,000. Accredited Wealth Management LLC purchased a new position in Devon Energy in the 4th quarter worth approximately $28,000. Cromwell Holdings LLC increased its holdings in shares of Devon Energy by 98.0% in the 4th quarter. Cromwell Holdings LLC now owns 1,208 shares of the energy company’s stock worth $40,000 after buying an additional 598 shares during the last quarter. Sierra Ocean LLC purchased a new stake in shares of Devon Energy during the 4th quarter valued at $43,000. Finally, True Wealth Design LLC grew its position 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. 69.72% of the stock is currently owned by hedge funds and other institutional investors.

Devon Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.61%. This is a positive change from Devon Energy’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, March 14th. Devon Energy’s payout ratio is currently 21.05%.

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.