Q2 EPS Estimates for Devon Energy Cut by Zacks Research

Devon Energy Co. (NYSE:DVN) – Analysts at Zacks Research dropped their Q2 2025 EPS estimates for Devon Energy in a research report issued to clients and investors on Thursday, June 12th. Zacks Research analyst J. Saha now forecasts that the energy company will post earnings per share of $0.83 for the quarter, down from their prior estimate of $0.89. 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 Q3 2025 earnings at $0.89 EPS, Q4 2025 earnings at $0.90 EPS, FY2025 earnings at $3.83 EPS and Q1 2027 earnings at $0.99 EPS.

Devon Energy (NYSE:DVN) last announced its quarterly earnings data on Tuesday, May 6th. The energy company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.06). Devon Energy had a net margin of 18.14% and a return on equity of 22.52%. The business had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same period in the previous year, the business posted $1.16 earnings per share. Devon Energy’s revenue was up 23.8% compared to the same quarter last year.

A number of other equities analysts have also recently weighed in on the stock. Royal Bank of Canada reduced their price target on shares of Devon Energy from $49.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Monday, April 14th. Truist Financial lifted their price target on shares of Devon Energy from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Thursday, February 20th. Raymond James set a $40.00 price target on shares of Devon Energy in a research report on Monday, April 21st. Mizuho reduced their price target on shares of Devon Energy from $46.00 to $43.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company lifted their price target on shares of Devon Energy from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 14th. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.71.

Devon Energy Price Performance

Shares of DVN stock opened at $35.09 on Monday. Devon Energy has a 52-week low of $25.89 and a 52-week high of $49.35. The stock has a market cap of $22.53 billion, a PE ratio of 7.70, a PEG ratio of 1.20 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.01 and a current ratio of 1.04. The firm’s 50 day moving average price is $31.38 and its two-hundred day moving average price is $33.59.

Devon Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Friday, June 13th. Devon Energy’s payout ratio is 21.87%.

Institutional Trading of Devon Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SVB Wealth LLC boosted its holdings in shares of Devon Energy by 4.1% during the 1st quarter. SVB Wealth LLC now owns 8,131 shares of the energy company’s stock worth $304,000 after buying an additional 321 shares during the period. Covestor Ltd boosted its holdings in shares of Devon Energy by 15.9% during the 4th quarter. Covestor Ltd now owns 2,521 shares of the energy company’s stock worth $83,000 after buying an additional 345 shares during the period. Horizon Investments LLC boosted its holdings in shares of Devon Energy by 4.1% during the 4th quarter. Horizon Investments LLC now owns 8,843 shares of the energy company’s stock worth $289,000 after buying an additional 347 shares during the period. Tocqueville Asset Management L.P. boosted its holdings in shares of Devon Energy by 3.0% during the 4th quarter. Tocqueville Asset Management L.P. now owns 12,242 shares of the energy company’s stock worth $401,000 after buying an additional 359 shares during the period. Finally, Whittier Trust Co. boosted its holdings in shares of Devon Energy by 24.3% during the 1st quarter. Whittier Trust Co. now owns 1,927 shares of the energy company’s stock worth $72,000 after buying an additional 377 shares during the period. 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.