Q1 EPS Estimates for Devon Energy Reduced by Zacks Research

Devon Energy Co. (NYSE:DVN) – Equities researchers at Zacks Research cut their Q1 2025 earnings per share (EPS) estimates for shares of Devon Energy in a report issued on Tuesday, March 25th. Zacks Research analyst J. Saha now expects that the energy company will earn $1.24 per share for the quarter, down from their prior forecast of $1.25. 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 $1.19 EPS, Q3 2025 earnings at $1.28 EPS, Q4 2025 earnings at $1.09 EPS, FY2025 earnings at $4.80 EPS, Q1 2026 earnings at $1.12 EPS, Q2 2026 earnings at $1.23 EPS, Q3 2026 earnings at $1.13 EPS and FY2026 earnings at $4.39 EPS.

Several other analysts have also weighed in on DVN. Raymond James lowered their price objective on Devon Energy from $54.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, March 10th. Williams Trading set a $50.00 price target on Devon Energy in a report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their price objective on Devon Energy from $48.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. StockNews.com upgraded shares of Devon Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Finally, Sanford C. Bernstein upgraded shares of Devon Energy from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Wednesday, January 15th. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.29.

Devon Energy Stock Performance

Shares of Devon Energy stock opened at $36.79 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.01 and a current ratio of 1.04. Devon Energy has a 1 year low of $30.39 and a 1 year high of $55.09. The firm’s 50-day simple moving average is $35.38 and its 200-day simple moving average is $36.89. The firm has a market cap of $23.87 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 1.20 and a beta of 1.91.

Devon Energy (NYSE:DVN) last posted its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.16. The firm 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%.

Hedge Funds Weigh In On Devon Energy

A number of institutional investors and hedge funds have recently bought and sold shares of DVN. Vanguard Group Inc. raised its position in shares of Devon Energy by 7.3% during the 4th quarter. Vanguard Group Inc. now owns 80,682,170 shares of the energy company’s stock worth $2,640,727,000 after buying an additional 5,465,692 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Devon Energy by 6.5% during the fourth quarter. Geode Capital Management LLC now owns 16,931,275 shares of the energy company’s stock valued at $552,830,000 after acquiring an additional 1,038,305 shares during the period. EnCap Energy Capital Fund XI L.P. bought a new stake in Devon Energy during the third quarter worth approximately $461,857,000. EnCap Partners GP LLC acquired a new stake in Devon Energy in the third quarter worth approximately $408,653,000. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in Devon Energy by 42.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 10,395,225 shares of the energy company’s stock valued at $340,236,000 after purchasing an additional 3,114,656 shares in the last quarter. Institutional investors own 69.72% of the company’s stock.

Devon Energy Increases Dividend

The business also recently disclosed 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 is a boost from Devon Energy’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Friday, March 14th. Devon Energy’s payout ratio is currently 21.05%.

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.