Q2 EPS Estimates for Devon Energy Lifted by Zacks Research

Devon Energy Corporation (NYSE:DVN) – Investment analysts at Zacks Research lifted their Q2 2025 earnings estimates for shares of Devon Energy in a note issued to investors on Tuesday, July 29th. Zacks Research analyst J. Saha now forecasts that the energy company will earn $0.84 per share for the quarter, up from their prior forecast of $0.83. 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 $0.90 EPS, Q4 2025 earnings at $0.92 EPS, FY2025 earnings at $3.87 EPS, Q4 2026 earnings at $0.94 EPS, FY2026 earnings at $3.78 EPS and FY2027 earnings at $4.46 EPS.

Several other equities research analysts have also commented on DVN. Piper Sandler reiterated an “overweight” rating and issued a $58.00 price objective (up previously from $53.00) on shares of Devon Energy in a research note on Thursday, July 17th. Bernstein Bank cut their price objective on shares of Devon Energy from $45.00 to $43.00 and set an “outperform” rating for the company in a report on Monday, July 7th. Jefferies Financial Group raised their price objective on shares of Devon Energy from $31.00 to $33.00 and gave the stock a “hold” rating in a report on Monday, July 14th. The Goldman Sachs Group raised their price target on shares of Devon Energy from $38.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of Devon Energy from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. Eleven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $43.85.

Devon Energy Trading Down 1.6%

NYSE:DVN opened at $33.22 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.99 and a current ratio of 1.08. The firm has a market cap of $21.33 billion, a price-to-earnings ratio of 7.57, a price-to-earnings-growth ratio of 1.91 and a beta of 1.02. Devon Energy has a 52 week low of $25.89 and a 52 week high of $47.44. The firm has a 50-day moving average price of $32.90 and a two-hundred day moving average price of $33.46.

Devon Energy (NYSE:DVN) last posted its earnings results on Tuesday, May 6th. The energy company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.06). Devon Energy had a return on equity of 21.90% and a net margin of 16.60%. The business had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.31 billion. During the same quarter in the prior year, the company earned $1.16 EPS. The company’s revenue was up 23.8% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. increased its position in Devon Energy by 42.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 10,395,225 shares of the energy company’s stock valued at $340,236,000 after purchasing an additional 3,114,656 shares during the period. Marshall Wace LLP boosted its holdings in shares of Devon Energy by 135.5% in the 4th quarter. Marshall Wace LLP now owns 5,371,518 shares of the energy company’s stock valued at $175,810,000 after buying an additional 3,090,585 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Devon Energy by 32.8% in the 4th quarter. Invesco Ltd. now owns 9,461,719 shares of the energy company’s stock valued at $309,682,000 after buying an additional 2,335,473 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Devon Energy by 81.1% in the 1st quarter. Ameriprise Financial Inc. now owns 5,029,987 shares of the energy company’s stock valued at $188,131,000 after buying an additional 2,252,918 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Devon Energy by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 82,780,738 shares of the energy company’s stock valued at $3,096,000,000 after buying an additional 2,098,568 shares in the last quarter. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Devon Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, June 13th. Devon Energy’s dividend payout ratio (DPR) is 21.87%.

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.