FY2026 EPS Estimates for Devon Energy Decreased by Analyst

Devon Energy Corporation (NYSE:DVN) – Equities research analysts at William Blair lowered their FY2026 earnings per share estimates for shares of Devon Energy in a report released on Monday, October 27th. William Blair analyst N. Dingmann now forecasts that the energy company will earn $3.76 per share for the year, down from their previous estimate of $4.19. William Blair has a “Outperform” rating on the stock. The consensus estimate for Devon Energy’s current full-year earnings is $4.85 per share.

DVN has been the topic of a number of other research reports. Roth Capital began coverage on Devon Energy in a research report on Monday, October 13th. They set a “buy” rating and a $42.00 target price on the stock. Siebert Williams Shank decreased their target price on Devon Energy from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Tudor, Pickering, Holt & Co. increased their target price on Devon Energy from $42.00 to $44.00 in a research report on Thursday, July 3rd. JPMorgan Chase & Co. increased their target price on Devon Energy from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, July 8th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Devon Energy in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, Devon Energy has a consensus rating of “Moderate Buy” and a consensus target price of $43.14.

Devon Energy Trading Up 0.0%

Devon Energy stock opened at $32.03 on Wednesday. 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 has a 12 month low of $25.89 and a 12 month high of $40.54. The stock’s 50 day simple moving average is $34.36 and its two-hundred day simple moving average is $33.11. The firm has a market cap of $20.33 billion, a PE ratio of 7.18, a P/E/G ratio of 2.48 and a beta of 1.03.

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

Institutional Trading of Devon Energy

A number of hedge funds and other institutional investors have recently modified their holdings of DVN. GAMMA Investing LLC increased its position in shares of Devon Energy by 64.9% during the 1st quarter. GAMMA Investing LLC now owns 19,428 shares of the energy company’s stock worth $727,000 after purchasing an additional 7,648 shares during the last quarter. Golden State Wealth Management LLC increased its position in shares of Devon Energy by 410.3% during the 1st quarter. Golden State Wealth Management LLC now owns 1,929 shares of the energy company’s stock worth $72,000 after purchasing an additional 1,551 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Devon Energy by 1.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 76,384 shares of the energy company’s stock worth $2,808,000 after purchasing an additional 892 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Devon Energy by 38.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 847,759 shares of the energy company’s stock worth $31,850,000 after purchasing an additional 236,624 shares during the last quarter. Finally, Amalgamated Bank increased its position in shares of Devon Energy by 1.5% during the 1st quarter. Amalgamated Bank now owns 125,294 shares of the energy company’s stock worth $4,686,000 after purchasing an additional 1,857 shares during the last quarter. 69.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Devon Energy 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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.71% of the stock is owned by company insiders.

Devon Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.96 dividend on an annualized basis and a dividend 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.