Q1 EPS Estimates for Devon Energy Boosted by Zacks Research

Devon Energy Co. (NYSE:DVN) – Equities researchers at Zacks Research lifted their Q1 2025 earnings per share estimates for shares of Devon Energy in a research report issued to clients and investors on Tuesday, March 4th. Zacks Research analyst J. Saha now anticipates 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.

Devon Energy (NYSE:DVN) last posted 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 firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.25 billion. Devon Energy had a return on equity of 22.52% and a net margin of 18.14%.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. lowered shares of Devon Energy from an “overweight” rating to a “neutral” rating and set a $43.00 target price on the stock. in a report on Thursday, December 5th. Raymond James lifted their price target on shares of Devon Energy from $53.00 to $54.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Piper Sandler raised their target price on shares of Devon Energy from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. Mizuho lowered their price target on shares of Devon Energy from $51.00 to $47.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Finally, Benchmark reissued a “buy” rating and issued a $44.00 price objective on shares of Devon Energy in a research note on Thursday, February 20th. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.87.

Devon Energy Trading Down 1.8 %

Shares of DVN stock opened at $33.64 on Thursday. The firm has a market cap of $21.83 billion, a P/E ratio of 7.38, a price-to-earnings-growth ratio of 1.20 and a beta of 1.91. Devon Energy has a 12-month low of $30.39 and a 12-month high of $55.09. The business has a 50-day moving average price of $35.07 and a two-hundred day moving average price of $37.85. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.57.

Devon Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date is Friday, March 14th. This is a boost from Devon Energy’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 2.85%. Devon Energy’s dividend payout ratio is presently 21.05%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Hurley Capital LLC bought a new stake in shares of Devon Energy in the 4th quarter worth $26,000. Accredited Wealth Management LLC bought a new position in shares of Devon Energy during the 4th quarter valued at about $28,000. Capital Performance Advisors LLP bought a new position in shares of Devon Energy during the 3rd quarter valued at $35,000. True Wealth Design LLC increased its stake in Devon Energy by 3,889.3% in the 3rd quarter. True Wealth Design LLC now owns 1,117 shares of the energy company’s stock worth $44,000 after purchasing an additional 1,089 shares during the period. Finally, Cromwell Holdings LLC increased its holdings in Devon Energy by 98.0% during the 4th quarter. Cromwell Holdings LLC now owns 1,208 shares of the energy company’s stock valued at $40,000 after purchasing an additional 598 shares during the period. Institutional investors and hedge funds own 69.72% of the company’s stock.

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.