Capital One Financial Estimates Devon Energy Q2 Earnings

Devon Energy Corporation (NYSE:DVN) – Capital One Financial cut their Q2 2025 earnings per share estimates for Devon Energy in a research note issued to investors on Tuesday, July 15th. Capital One Financial analyst P. Johnston now anticipates that the energy company will post earnings per share of $0.82 for the quarter, down from their prior forecast of $0.87. The consensus estimate for Devon Energy’s current full-year earnings is $4.85 per share. Capital One Financial also issued estimates for Devon Energy’s FY2025 earnings at $4.23 EPS and FY2026 earnings at $4.21 EPS.

Devon Energy (NYSE:DVN) last issued its quarterly earnings results 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). The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. Devon Energy had a return on equity of 21.90% and a net margin of 16.60%. The business’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 earnings per share.

Several other analysts also recently commented on DVN. Royal Bank Of Canada dropped their price objective on shares of Devon Energy from $49.00 to $40.00 and set a “sector perform” rating on the stock in a report on Monday, April 14th. Wells Fargo & Company upped their target price on Devon Energy from $41.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, July 3rd. Tudor, Pickering, Holt & Co. lifted their price objective on Devon Energy from $42.00 to $44.00 in a report on Thursday, July 3rd. Siebert Williams Shank upped their target price on shares of Devon Energy from $47.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Finally, JPMorgan Chase & Co. increased their price target on Devon Energy from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. Eleven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.67.

Devon Energy Trading Up 3.2%

NYSE:DVN opened at $32.77 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 0.57. The firm has a fifty day simple moving average of $32.82 and a 200-day simple moving average of $33.54. The company has a market capitalization of $21.04 billion, a P/E ratio of 7.46, a PEG ratio of 2.37 and a beta of 1.02. Devon Energy has a 12 month low of $25.89 and a 12 month high of $49.08.

Hedge Funds Weigh In On Devon Energy

Several hedge funds and other institutional investors have recently made changes to their positions in DVN. Banque Cantonale Vaudoise acquired a new position in shares of Devon Energy during the first quarter worth $26,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Devon Energy in the first quarter valued at approximately $26,000. Hurley Capital LLC acquired a new position in Devon Energy in the fourth quarter valued at $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Devon Energy in the second quarter valued at approximately $25,000. Finally, Rakuten Securities Inc. grew its position in Devon Energy by 94.6% in the 1st quarter. Rakuten Securities Inc. now owns 833 shares of the energy company’s stock valued at $31,000 after buying an additional 405 shares during the last quarter. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Devon Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Friday, June 13th. Devon Energy’s payout ratio is currently 21.87%.

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.