Zacks Research Lowers Earnings Estimates for Devon Energy

Devon Energy Co. (NYSE:DVN) – Equities research analysts at Zacks Research decreased their Q1 2025 earnings per share (EPS) estimates for Devon Energy in a research report issued to clients and investors on Tuesday, November 19th. Zacks Research analyst J. Saha now forecasts that the energy company will post earnings per share of $1.11 for the quarter, down from their previous forecast of $1.35. The consensus estimate for Devon Energy’s current full-year earnings is $4.81 per share. Zacks Research also issued estimates for Devon Energy’s Q2 2025 earnings at $1.08 EPS, Q4 2025 earnings at $1.01 EPS, FY2025 earnings at $4.36 EPS, Q1 2026 earnings at $0.93 EPS and FY2026 earnings at $4.08 EPS.

A number of other research firms also recently commented on DVN. Truist Financial downgraded shares of Devon Energy from a “buy” rating to a “hold” rating and reduced their price objective for the company from $49.00 to $43.00 in a research note on Thursday, November 7th. Mizuho decreased their price target on Devon Energy from $53.00 to $51.00 and set an “outperform” rating for the company in a research note on Wednesday, October 9th. Susquehanna lowered their price objective on Devon Energy from $63.00 to $62.00 and set a “positive” rating for the company in a report on Friday, October 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $57.00 target price on shares of Devon Energy in a report on Tuesday, September 3rd. Finally, Wells Fargo & Company lowered their price target on Devon Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $51.85.

Devon Energy Stock Up 1.2 %

DVN stock opened at $38.77 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. The firm has a 50 day simple moving average of $39.94 and a 200-day simple moving average of $44.08. The company has a market capitalization of $25.47 billion, a P/E ratio of 7.19, a PEG ratio of 1.20 and a beta of 2.03. Devon Energy has a twelve month low of $37.76 and a twelve month high of $55.09.

Devon Energy (NYSE:DVN) last issued its quarterly earnings data on Tuesday, November 5th. The energy company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.01. Devon Energy had a return on equity of 24.73% and a net margin of 21.71%. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the firm earned $1.65 EPS. Devon Energy’s quarterly revenue was up 4.9% on a year-over-year basis.

Institutional Trading of Devon Energy

Several hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. grew its position in Devon Energy by 3.0% in the 1st quarter. Bessemer Group Inc. now owns 53,307 shares of the energy company’s stock valued at $2,676,000 after buying an additional 1,542 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Devon Energy by 1.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 339,129 shares of the energy company’s stock valued at $17,029,000 after purchasing an additional 4,331 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Devon Energy during the 1st quarter valued at $734,000. CreativeOne Wealth LLC raised its stake in shares of Devon Energy by 76.8% in the 1st quarter. CreativeOne Wealth LLC now owns 19,421 shares of the energy company’s stock worth $975,000 after buying an additional 8,436 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its holdings in shares of Devon Energy by 14.5% in the first quarter. EP Wealth Advisors LLC now owns 9,393 shares of the energy company’s stock valued at $471,000 after buying an additional 1,188 shares during the period. Institutional investors own 69.72% of the company’s stock.

Devon Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Friday, December 13th. Devon Energy’s dividend payout ratio (DPR) is 16.33%.

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.