Roth Capital Forecasts Devon Energy’s Q3 Earnings (NYSE:DVN)

Devon Energy Corporation (NYSE:DVN) – Roth Capital issued their Q3 2025 earnings per share (EPS) estimates for Devon Energy in a research note issued on Monday, October 13th. Roth Capital analyst N. Pope anticipates that the energy company will earn $0.94 per share for the quarter. Roth Capital has a “Buy” rating and a $42.00 price objective on the stock. The consensus estimate for Devon Energy’s current full-year earnings is $4.85 per share. Roth Capital also issued estimates for Devon Energy’s Q4 2025 earnings at $0.88 EPS, FY2025 earnings at $3.84 EPS, Q1 2026 earnings at $0.90 EPS, Q2 2026 earnings at $0.76 EPS, Q3 2026 earnings at $0.77 EPS, Q4 2026 earnings at $0.87 EPS and FY2026 earnings at $3.30 EPS.

Other analysts have also issued research reports about the company. Tudor, Pickering, Holt & Co. increased their price objective on Devon Energy from $42.00 to $44.00 in a report on Thursday, July 3rd. UBS Group increased their price objective on Devon Energy from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Mizuho decreased their price objective on Devon Energy from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, September 15th. Barclays decreased their price objective on Devon Energy from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. Finally, Wolfe Research increased their price objective on Devon Energy from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Monday, June 23rd. Seventeen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $43.68.

Devon Energy Stock Down 1.8%

Devon Energy stock opened at $32.01 on Thursday. The business has a fifty day moving average of $34.55 and a two-hundred day moving average of $32.98. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.55. The firm has a market cap of $20.32 billion, a P/E ratio of 7.18, a P/E/G ratio of 1.95 and a beta of 1.03. Devon Energy has a twelve month low of $25.89 and a twelve month high of $41.06.

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

Hedge Funds Weigh In On Devon Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Devon Energy by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 82,780,738 shares of the energy company’s stock worth $3,096,000,000 after acquiring an additional 2,098,568 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Devon Energy by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 18,595,683 shares of the energy company’s stock valued at $589,399,000 after buying an additional 218,034 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Devon Energy by 12.9% during the 1st quarter. Victory Capital Management Inc. now owns 11,518,862 shares of the energy company’s stock valued at $430,805,000 after buying an additional 1,315,050 shares during the last quarter. Northern Trust Corp raised its stake in shares of Devon Energy by 5.1% during the 1st quarter. Northern Trust Corp now owns 6,577,195 shares of the energy company’s stock valued at $245,987,000 after buying an additional 316,460 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Devon Energy by 78.7% during the 2nd quarter. AQR Capital Management LLC now owns 6,360,499 shares of the energy company’s stock valued at $202,327,000 after buying an additional 2,802,137 shares during the last quarter. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Insider Transactions at Devon Energy

In related news, Director Kelt Kindick sold 7,685 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $33.46, for a total value of $257,140.10. Following the completion of the transaction, the director owned 31,801 shares in the company, valued at $1,064,061.46. This trade represents a 19.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.71% of the stock is owned by company insiders.

Devon Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $0.24 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.96 dividend on an annualized basis and a yield of 3.0%. Devon Energy’s dividend payout ratio (DPR) is 21.52%.

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.