Zacks Research Decreases Earnings Estimates for Devon Energy

Devon Energy Co. (NYSE:DVN) – Stock analysts at Zacks Research decreased their Q1 2025 earnings estimates for Devon Energy in a report released on Tuesday, March 25th. Zacks Research analyst J. Saha now forecasts that the energy company will earn $1.24 per share for the quarter, down from their prior estimate 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.

Other research analysts have also issued reports about the stock. Raymond James decreased their target price on shares of Devon Energy from $54.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, March 10th. Barclays lifted their price objective on Devon Energy from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 20th. Benchmark restated a “buy” rating and issued a $44.00 target price on shares of Devon Energy in a report on Thursday, February 20th. Wolfe Research upgraded Devon Energy from a “peer perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a report on Friday, January 3rd. Finally, Morgan Stanley set a $47.00 price objective on shares of Devon Energy and gave the company an “overweight” rating in a report on Wednesday. Ten investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $48.29.

Devon Energy Stock Performance

NYSE:DVN opened at $36.95 on Friday. The company has a market cap of $23.98 billion, a P/E ratio of 8.10, a P/E/G 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. The company’s 50-day moving average price is $35.41 and its 200-day moving average price is $36.92. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.57.

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

Institutional Investors Weigh In On Devon Energy

A number of large investors have recently modified their holdings of the company. Great Valley Advisor Group Inc. raised its stake in Devon Energy by 17.4% in the third quarter. Great Valley Advisor Group Inc. now owns 7,226 shares of the energy company’s stock valued at $283,000 after buying an additional 1,073 shares in the last quarter. Cerity Partners LLC lifted its stake in Devon Energy by 97.7% during the third quarter. Cerity Partners LLC now owns 208,596 shares of the energy company’s stock worth $8,160,000 after purchasing an additional 103,094 shares during the last quarter. Algert Global LLC boosted its holdings in Devon Energy by 15.5% in the third quarter. Algert Global LLC now owns 11,229 shares of the energy company’s stock valued at $439,000 after purchasing an additional 1,510 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Devon Energy by 18.2% in the third quarter. Daiwa Securities Group Inc. now owns 92,700 shares of the energy company’s stock valued at $3,627,000 after purchasing an additional 14,272 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its holdings in Devon Energy by 1,365.8% during the third quarter. Loomis Sayles & Co. L P now owns 14,321 shares of the energy company’s stock worth $560,000 after purchasing an additional 13,344 shares in the last quarter. 69.72% of the stock is owned by hedge funds and other institutional investors.

Devon Energy Increases Dividend

The company 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. This is a boost from Devon Energy’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 2.60%. Devon Energy’s dividend payout ratio (DPR) is 21.05%.

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.