Zacks Research Forecasts Increased Earnings for Devon Energy

Devon Energy Co. (NYSE:DVN) – Stock analysts at Zacks Research lifted their Q1 2025 EPS 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 post earnings of $1.25 per share for the quarter, up from their prior 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.

A number of other research firms have also weighed in on DVN. Royal Bank of Canada restated a “sector perform” rating and set a $50.00 target price on shares of Devon Energy in a report on Friday, January 10th. Wolfe Research raised Devon Energy from a “peer perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Friday, January 3rd. Cowen downgraded shares of Devon Energy to a “hold” rating and lowered their price target for the stock from $46.00 to $45.00 in a report on Tuesday, February 18th. Wells Fargo & Company decreased their target price on Devon Energy from $49.00 to $43.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Finally, Sanford C. Bernstein upgraded Devon Energy from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Wednesday, January 15th. Ten 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 an average rating of “Moderate Buy” and a consensus target price of $48.87.

Devon Energy Stock Down 1.8 %

NYSE DVN opened at $33.64 on Thursday. Devon Energy has a 52 week low of $30.39 and a 52 week high of $55.09. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $21.83 billion, a price-to-earnings ratio of 7.38, a PEG ratio of 1.20 and a beta of 1.91. The company has a fifty day moving average of $35.07 and a two-hundred day moving average of $37.85.

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, topping the consensus estimate of $1.00 by $0.16. The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.85%. This is a boost from Devon Energy’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, March 14th. Devon Energy’s dividend payout ratio is presently 21.05%.

Institutional Investors Weigh In On Devon Energy

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Devon Energy by 7.3% during the fourth quarter. Vanguard Group Inc. now owns 80,682,170 shares of the energy company’s stock worth $2,640,727,000 after purchasing an additional 5,465,692 shares during the period. Geode Capital Management LLC raised its holdings in shares of Devon Energy by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 16,931,275 shares of the energy company’s stock worth $552,830,000 after buying an additional 1,038,305 shares in the last quarter. EnCap Energy Capital Fund XI L.P. bought a new stake in shares of Devon Energy during the 3rd quarter valued at approximately $461,857,000. Pacer Advisors Inc. increased its holdings in shares of Devon Energy by 16.9% during the third quarter. Pacer Advisors Inc. now owns 11,591,168 shares of the energy company’s stock worth $453,446,000 after buying an additional 1,677,652 shares in the last quarter. Finally, EnCap Partners GP LLC acquired a new stake in shares of Devon Energy during the third quarter valued at about $408,653,000. Institutional investors own 69.72% of the company’s stock.

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.