Q1 EPS Estimates for Devon Energy Cut by Zacks Research

Devon Energy Co. (NYSE:DVN) – Zacks Research cut their Q1 2025 earnings per share estimates for Devon Energy in a report issued on Tuesday, November 19th. Zacks Research analyst J. Saha now forecasts that the energy company will post earnings of $1.11 per share for the quarter, down from their prior forecast of $1.35. The consensus estimate for Devon Energy’s current full-year earnings is $4.81 per share. Zacks Research also issued estimates for Devon Energy’s Q2 2025 earnings at $1.08 EPS, Q4 2025 earnings at $1.01 EPS, FY2025 earnings at $4.36 EPS, Q1 2026 earnings at $0.93 EPS and FY2026 earnings at $4.08 EPS.

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, beating analysts’ consensus estimates of $1.09 by $0.01. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.72 billion. Devon Energy had a net margin of 21.71% and a return on equity of 24.73%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.65 EPS.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets reduced their price objective on Devon Energy from $52.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 4th. UBS Group lowered their price objective on shares of Devon Energy from $53.00 to $47.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 18th. TD Cowen cut their target price on shares of Devon Energy from $54.00 to $46.00 and set a “hold” rating for the company in a research report on Tuesday, November 5th. Piper Sandler increased their price target on shares of Devon Energy from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Wells Fargo & Company dropped their price objective on shares of Devon Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $51.85.

Devon Energy Price Performance

DVN stock opened at $38.77 on Friday. The firm has a 50 day moving average of $39.94 and a 200-day moving average of $44.08. The company has a market cap of $25.47 billion, a price-to-earnings ratio of 7.19, a PEG ratio of 1.20 and a beta of 2.03. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. Devon Energy has a 12-month low of $37.76 and a 12-month high of $55.09.

Devon Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be issued a $0.22 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.27%. Devon Energy’s dividend payout ratio (DPR) is presently 16.33%.

Institutional Trading of Devon Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. EnCap Energy Capital Fund XI L.P. acquired a new position in shares of Devon Energy in the 3rd quarter valued at about $461,857,000. EnCap Partners GP LLC acquired a new position in Devon Energy during the third quarter valued at approximately $408,653,000. EnCap Energy Capital Fund X L.P. purchased a new stake in Devon Energy during the third quarter worth approximately $230,928,000. International Assets Investment Management LLC grew its stake in Devon Energy by 4,125.7% during the third quarter. International Assets Investment Management LLC now owns 2,280,961 shares of the energy company’s stock worth $89,231,000 after buying an additional 2,226,983 shares during the period. Finally, Pacer Advisors Inc. raised its stake in shares of Devon Energy by 16.9% in the 3rd quarter. Pacer Advisors Inc. now owns 11,591,168 shares of the energy company’s stock valued at $453,446,000 after acquiring an additional 1,677,652 shares during the period. 69.72% of the stock is currently 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.