Q3 EPS Estimates for Devon Energy Boosted by Zacks Research

Devon Energy Corporation (NYSE:DVN) – Analysts at Zacks Research raised their Q3 2025 EPS estimates for Devon Energy in a research note issued on Tuesday, August 19th. Zacks Research analyst Team now expects that the energy company will post earnings per share of $0.94 for the quarter, up from their prior estimate of $0.90. 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 Q4 2025 earnings at $1.01 EPS, FY2025 earnings at $4.00 EPS, Q1 2026 earnings at $1.02 EPS, Q3 2026 earnings at $1.01 EPS, Q4 2026 earnings at $1.07 EPS, FY2026 earnings at $4.05 EPS and FY2027 earnings at $4.83 EPS.

A number of other research analysts have also recently issued reports on DVN. Morgan Stanley lifted their price objective on shares of Devon Energy from $46.00 to $49.00 and gave the company an “overweight” rating in a report on Monday. Bank of America reduced their price objective on shares of Devon Energy from $52.00 to $42.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. Siebert Williams Shank lifted their price objective on shares of Devon Energy from $47.00 to $52.00 and gave the company a “buy” rating in a report on Monday, June 23rd. UBS Group lifted their price objective on shares of Devon Energy from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Barclays lifted their price objective on shares of Devon Energy from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Fifteen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.15.

Devon Energy Trading Up 0.2%

NYSE:DVN opened at $33.8360 on Thursday. The stock has a market capitalization of $21.48 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 1.92 and a beta of 1.07. The firm has a fifty day simple moving average of $33.25 and a two-hundred day simple moving average of $33.13. Devon Energy has a 12 month low of $25.89 and a 12 month high of $46.04. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55.

Devon Energy (NYSE:DVN) last posted its quarterly earnings results on Tuesday, August 5th. The energy company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.01. The business had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Devon Energy had a net margin of 16.57% and a return on equity of 18.59%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $1.41 earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DVN. SVB Wealth LLC grew its holdings in shares of Devon Energy by 4.1% in the first quarter. SVB Wealth LLC now owns 8,131 shares of the energy company’s stock valued at $304,000 after purchasing an additional 321 shares in the last quarter. Yousif Capital Management LLC boosted its stake in Devon Energy by 0.4% during the second quarter. Yousif Capital Management LLC now owns 87,272 shares of the energy company’s stock worth $2,776,000 after buying an additional 321 shares during the period. MAS Advisors LLC boosted its stake in Devon Energy by 4.3% during the second quarter. MAS Advisors LLC now owns 7,951 shares of the energy company’s stock worth $253,000 after buying an additional 327 shares during the period. Whittier Trust Co. boosted its stake in Devon Energy by 24.3% during the first 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. Finally, Callan Family Office LLC boosted its stake in Devon Energy by 3.7% during the first quarter. Callan Family Office LLC now owns 10,581 shares of the energy company’s stock worth $396,000 after buying an additional 377 shares during the period. 69.72% of the stock is owned by institutional investors.

Insider Buying and Selling at Devon Energy

In related news, Director Kelt Kindick sold 7,685 shares of the firm’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $33.46, for a total transaction of $257,140.10. Following the transaction, the director directly owned 31,801 shares of the company’s stock, valued at $1,064,061.46. This trade represents a 19.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.71% of the stock is owned by insiders.

Devon Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, September 15th. Devon Energy’s dividend payout ratio (DPR) is presently 21.52%.

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.