Q3 EPS Estimates for Devon Energy Raised by Zacks Research

Devon Energy Co. (NYSE:DVN) – Investment analysts at Zacks Research lifted their Q3 2026 earnings per share (EPS) estimates for Devon Energy in a research report issued on Wednesday, January 29th. Zacks Research analyst J. Saha now anticipates that the energy company will post earnings per share of $1.11 for the quarter, up from their prior forecast of $1.06. The consensus estimate for Devon Energy’s current full-year earnings is $4.68 per share. Zacks Research also issued estimates for Devon Energy’s Q4 2026 earnings at $0.97 EPS.

A number of other brokerages have also issued reports on DVN. Wells Fargo & Company decreased their price target on Devon Energy from $49.00 to $43.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Scotiabank reduced their price objective on Devon Energy from $60.00 to $48.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Piper Sandler lifted their price objective on Devon Energy from $53.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Wolfe Research raised Devon Energy from a “peer perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Friday, January 3rd. Finally, Benchmark upgraded Devon Energy from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Tuesday, January 14th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.45.

Devon Energy Stock Up 2.1 %

DVN opened at $34.46 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.61. The firm has a market cap of $22.63 billion, a P/E ratio of 6.39, a PEG ratio of 1.07 and a beta of 1.98. Devon Energy has a 52 week low of $30.39 and a 52 week high of $55.09. The business’s fifty day simple moving average is $34.73 and its 200 day simple moving average is $39.22.

Devon Energy (NYSE:DVN) last posted its quarterly earnings data on Tuesday, November 5th. The energy company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.01. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.72 billion. Devon Energy had a return on equity of 24.73% and a net margin of 21.71%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.65 earnings per share.

Institutional Investors Weigh In On Devon Energy

A number of institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in shares of Devon Energy by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 15,892,970 shares of the energy company’s stock valued at $619,747,000 after acquiring an additional 206,884 shares during the last quarter. EnCap Energy Capital Fund XI L.P. acquired a new position in Devon Energy during the 3rd quarter valued at approximately $461,857,000. Pacer Advisors Inc. boosted its position in Devon Energy by 16.9% during the 3rd quarter. Pacer Advisors Inc. now owns 11,591,168 shares of the energy company’s stock valued at $453,446,000 after purchasing an additional 1,677,652 shares during the period. EnCap Partners GP LLC acquired a new position in Devon Energy during the 3rd quarter valued at approximately $408,653,000. Finally, Victory Capital Management Inc. boosted its position in Devon Energy by 3.8% during the 3rd quarter. Victory Capital Management Inc. now owns 9,971,343 shares of the energy company’s stock valued at $390,079,000 after purchasing an additional 361,968 shares during the period. 69.72% of the stock is currently owned by institutional investors.

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.