Brokers Offer Predictions for Devon Energy FY2025 Earnings

Devon Energy Co. (NYSE:DVN) – Research analysts at Scotiabank upped their FY2025 earnings per share (EPS) estimates for shares of Devon Energy in a report issued on Wednesday, March 19th. Scotiabank analyst P. Cheng now expects that the energy company will post earnings of $4.50 per share for the year, up from their previous estimate of $4.20. The consensus estimate for Devon Energy’s current full-year earnings is $4.85 per share. Scotiabank also issued estimates for Devon Energy’s FY2026 earnings at $4.95 EPS.

DVN has been the subject of several other reports. Piper Sandler boosted their target price on Devon Energy from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. StockNews.com upgraded shares of Devon Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. lowered 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 note on Thursday, March 13th. Benchmark reissued a “buy” rating and set a $44.00 target price on shares of Devon Energy in a research report on Thursday, February 20th. Finally, Sanford C. Bernstein raised Devon Energy from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Wednesday, January 15th. Ten research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.46.

Devon Energy Price Performance

Shares of NYSE:DVN opened at $36.97 on Monday. The stock has a market capitalization of $24.00 billion, a P/E ratio of 8.11, a P/E/G ratio of 1.20 and a beta of 1.91. The business has a 50-day moving average of $35.46 and a two-hundred day moving average of $36.95. Devon Energy has a fifty-two week low of $30.39 and a fifty-two week high of $55.09. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 1.01.

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 the consensus estimate of $1.00 by $0.16. The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.25 billion. Devon Energy had a net margin of 18.14% and a return on equity of 22.52%.

Devon Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.60%. The ex-dividend date is Friday, March 14th. This is a positive change from Devon Energy’s previous quarterly dividend of $0.22. Devon Energy’s dividend payout ratio is 21.05%.

Institutional Investors Weigh In On Devon Energy

Institutional investors have recently added to or reduced their stakes in the stock. Sfmg LLC lifted its position in shares of Devon Energy by 0.5% during the 3rd quarter. Sfmg LLC now owns 64,871 shares of the energy company’s stock worth $2,538,000 after buying an additional 294 shares during the period. Redwood Wealth Management Group LLC raised its stake in Devon Energy by 3.9% during the fourth quarter. Redwood Wealth Management Group LLC now owns 8,141 shares of the energy company’s stock worth $266,000 after acquiring an additional 309 shares in the last quarter. Cornerstone Wealth Management LLC lifted its holdings in shares of Devon Energy by 1.6% during the fourth quarter. Cornerstone Wealth Management LLC now owns 21,242 shares of the energy company’s stock valued at $695,000 after acquiring an additional 326 shares during the period. Annex Advisory Services LLC boosted its stake in shares of Devon Energy by 1.2% in the 4th quarter. Annex Advisory Services LLC now owns 27,021 shares of the energy company’s stock valued at $884,000 after purchasing an additional 327 shares in the last quarter. Finally, Fiduciary Trust Co grew its holdings in shares of Devon Energy by 3.1% in the 3rd quarter. Fiduciary Trust Co now owns 11,074 shares of the energy company’s stock worth $433,000 after purchasing an additional 329 shares during the last quarter. 69.72% of the stock is owned by institutional investors and hedge funds.

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.