Q4 EPS Estimates for Devon Energy Lowered by Zacks Research

Devon Energy Co. (NYSE:DVN) – Research analysts at Zacks Research cut their Q4 2026 EPS estimates for shares of Devon Energy in a note issued to investors on Tuesday, March 25th. Zacks Research analyst J. Saha now anticipates that the energy company will earn $0.91 per share for the quarter, down from their previous forecast of $0.93. 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 FY2027 earnings at $4.43 EPS.

Devon Energy (NYSE:DVN) last issued its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.00 by $0.16. Devon Energy had a net margin of 18.14% and a return on equity of 22.52%. The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.25 billion.

A number of other research firms also recently weighed in on DVN. Wells Fargo & Company reduced their target price on shares of Devon Energy from $49.00 to $43.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Benchmark reiterated a “buy” rating and set a $44.00 price objective on shares of Devon Energy in a research note on Thursday, February 20th. Citigroup cut their target price on Devon Energy from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. Cowen lowered Devon Energy to a “hold” rating and lowered their price target for the stock from $46.00 to $45.00 in a research report on Tuesday, February 18th. Finally, Williams Trading set a $50.00 price objective on shares of Devon Energy in a research note on Wednesday, March 5th. Ten research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $48.29.

Devon Energy Price Performance

Shares of DVN stock opened at $36.79 on Thursday. The business’s fifty day moving average is $35.38 and its 200 day moving average is $36.89. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.57. The stock has a market cap of $23.87 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 1.20 and a beta of 1.91. Devon Energy has a twelve month low of $30.39 and a twelve month high of $55.09.

Devon Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.24 dividend. 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 is Friday, March 14th. Devon Energy’s dividend payout ratio (DPR) is presently 21.05%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Hurley Capital LLC bought a new position in Devon Energy during the fourth quarter valued at $26,000. Accredited Wealth Management LLC purchased a new stake in Devon Energy in the 4th quarter worth about $28,000. True Wealth Design LLC lifted its stake in Devon Energy by 3,889.3% in the third 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 last quarter. Cromwell Holdings LLC grew its stake in shares of Devon Energy by 98.0% during the fourth quarter. Cromwell Holdings LLC now owns 1,208 shares of the energy company’s stock valued at $40,000 after buying an additional 598 shares during the last quarter. Finally, Sierra Ocean LLC purchased a new stake in shares of Devon Energy in the fourth quarter worth approximately $43,000. Institutional investors own 69.72% of the company’s stock.

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.