Q1 EPS Estimates for Devon Energy Boosted by Zacks Research

Devon Energy Co. (NYSE:DVN) – Stock analysts at Zacks Research boosted their Q1 2025 earnings per share (EPS) estimates for Devon Energy in a research report issued to clients and investors on Thursday, January 9th. Zacks Research analyst J. Saha now forecasts that the energy company will earn $1.13 per share for the quarter, up from their prior forecast of $1.12. 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 Q2 2025 earnings at $1.09 EPS, Q4 2025 earnings at $1.03 EPS, FY2025 earnings at $4.42 EPS, Q1 2026 earnings at $0.95 EPS, Q2 2026 earnings at $1.14 EPS and FY2026 earnings at $4.14 EPS.

A number of other research firms have also recently commented on DVN. BMO Capital Markets lowered their target price 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. Scotiabank decreased their target price on shares of Devon Energy from $60.00 to $48.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Truist Financial downgraded Devon Energy from a “buy” rating to a “hold” rating and cut their price target for the stock from $49.00 to $43.00 in a research note on Thursday, November 7th. Raymond James reduced their price target on Devon Energy from $58.00 to $51.00 in a report on Tuesday, November 5th. Finally, Piper Sandler dropped their price target on shares of Devon Energy from $57.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $49.48.

Devon Energy Stock Performance

Shares of DVN opened at $36.10 on Monday. Devon Energy has a one year low of $30.39 and a one year high of $55.09. The company has a 50-day simple moving average of $35.62 and a two-hundred day simple moving average of $40.56. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.11 and a quick ratio of 1.01. The firm has a market capitalization of $23.71 billion, a PE ratio of 6.70, a price-to-earnings-growth ratio of 1.07 and a beta of 1.99.

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

Devon Energy Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DVN. Capital Performance Advisors LLP bought a new stake in Devon Energy during the 3rd quarter worth approximately $35,000. Future Financial Wealth Managment LLC bought a new stake in shares of Devon Energy during the 3rd quarter valued at $39,000. True Wealth Design LLC lifted its stake 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 valued at $44,000 after buying an additional 1,089 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in Devon Energy by 29.8% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,263 shares of the energy company’s stock worth $49,000 after buying an additional 290 shares during the period. Finally, Activest Wealth Management increased its stake in Devon Energy by 60.4% in the 3rd quarter. Activest Wealth Management now owns 1,275 shares of the energy company’s stock worth $50,000 after buying an additional 480 shares in the last quarter. 69.72% of the stock is owned by hedge funds and other institutional investors.

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.