Zacks Research Has Positive View of Devon Energy Q1 Earnings

Devon Energy Co. (NYSE:DVN) – Analysts at Zacks Research lifted their Q1 2025 earnings per share (EPS) estimates for Devon Energy in a research report issued on Monday, January 6th. Zacks Research analyst J. Saha now anticipates that the energy company will post earnings of $1.12 per share for the quarter, up from their previous estimate of $1.11. The consensus estimate for Devon Energy’s current full-year earnings is $4.79 per share. Zacks Research also issued estimates for Devon Energy’s Q3 2025 earnings at $1.15 EPS, Q4 2025 earnings at $1.02 EPS, FY2025 earnings at $4.38 EPS, Q3 2026 earnings at $1.09 EPS, Q4 2026 earnings at $1.01 EPS and FY2026 earnings at $4.09 EPS.

A number of other equities research analysts have also weighed in on DVN. Barclays decreased their target price on shares of Devon Energy from $55.00 to $46.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Raymond James reduced their price objective on Devon Energy from $58.00 to $51.00 in a research note on Tuesday, November 5th. 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 research note on Friday, October 4th. Susquehanna cut their price target on Devon Energy from $63.00 to $62.00 and set a “positive” rating for the company in a research note on Friday, October 18th. Finally, Wells Fargo & Company cut their price target on Devon Energy from $49.00 to $43.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.48.

Devon Energy Stock Performance

Shares of DVN opened at $36.10 on Thursday. 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 business’s 50 day moving average price is $35.67 and its 200-day moving average price is $40.73. Devon Energy has a 52 week low of $30.39 and a 52 week high of $55.09. The stock has a market cap of $23.71 billion, a P/E ratio of 6.70, a P/E/G ratio of 1.07 and a beta of 1.99.

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 company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.72 billion. Devon Energy had a return on equity of 24.73% and a net margin of 21.71%. Devon Energy’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.65 EPS.

Devon Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were paid a $0.22 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.88 annualized dividend and a dividend yield of 2.44%. Devon Energy’s dividend payout ratio (DPR) is 16.33%.

Institutional Trading of Devon Energy

Several hedge funds have recently made changes to their positions in DVN. Capital Performance Advisors LLP purchased a new stake in shares of Devon Energy in the 3rd quarter valued at approximately $35,000. Future Financial Wealth Managment LLC purchased a new position in shares of Devon Energy during the 3rd quarter worth approximately $39,000. True Wealth Design LLC boosted its position in shares of Devon Energy by 3,889.3% during 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. Hazlett Burt & Watson Inc. boosted its position in shares of Devon Energy by 29.8% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,263 shares of the energy company’s stock worth $49,000 after purchasing an additional 290 shares during the period. Finally, Activest Wealth Management boosted its position in shares of Devon Energy by 60.4% during the 3rd quarter. Activest Wealth Management now owns 1,275 shares of the energy company’s stock worth $50,000 after purchasing an additional 480 shares during the period. Hedge funds and other institutional investors 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.