Devon Energy Q1 EPS Estimate Decreased by Zacks Research

Devon Energy Co. (NYSE:DVN) – Zacks Research lowered their Q1 2025 earnings estimates for Devon Energy in a report issued on Tuesday, March 25th. Zacks Research analyst J. Saha now forecasts that the energy company will post earnings of $1.24 per share for the quarter, down from their previous estimate of $1.25. 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 $1.19 EPS, Q3 2025 earnings at $1.28 EPS, Q4 2025 earnings at $1.09 EPS, FY2025 earnings at $4.80 EPS, Q1 2026 earnings at $1.12 EPS, Q2 2026 earnings at $1.23 EPS, Q3 2026 earnings at $1.13 EPS and FY2026 earnings at $4.39 EPS.

Other analysts have also recently issued reports about the company. Williams Trading set a $50.00 price objective on Devon Energy in a report on Wednesday, March 5th. Benchmark reaffirmed a “buy” rating and set a $44.00 price target on shares of Devon Energy in a research note on Thursday, February 20th. Mizuho lowered their price objective on shares of Devon Energy from $51.00 to $47.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Royal Bank of Canada restated a “sector perform” rating and issued a $50.00 target price on shares of Devon Energy in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Devon Energy from $48.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.29.

Devon Energy Price Performance

NYSE:DVN opened at $36.79 on Friday. The business’s 50-day moving average is $35.38 and its 200 day moving average is $36.87. Devon Energy has a 12 month low of $30.39 and a 12 month high of $55.09. The company has a market capitalization of $23.87 billion, a P/E ratio of 8.07, a P/E/G 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 (NYSE:DVN) last released its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.16 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 the consensus estimate of $4.25 billion. Devon Energy had a net margin of 18.14% and a return on equity of 22.52%.

Institutional Investors Weigh In On Devon Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hurley Capital LLC bought a new stake in shares of Devon Energy during the fourth quarter valued at approximately $26,000. Accredited Wealth Management LLC bought a new stake in Devon Energy during the 4th quarter valued at $28,000. Cromwell Holdings LLC lifted 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 period. Sierra Ocean LLC bought a new position in shares of Devon Energy during the 4th quarter worth $43,000. Finally, True Wealth Design LLC increased its stake in shares of Devon Energy by 3,889.3% during the third quarter. True Wealth Design LLC now owns 1,117 shares of the energy company’s stock valued at $44,000 after buying an additional 1,089 shares during the period. Institutional investors own 69.72% of the company’s stock.

Devon Energy Increases Dividend

The business also recently declared 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 annualized dividend and a yield of 2.61%. The ex-dividend date is Friday, March 14th. This is an increase from Devon Energy’s previous quarterly dividend of $0.22. Devon Energy’s dividend payout ratio (DPR) is currently 21.05%.

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.