FY2025 EPS Estimates for Devon Energy Increased by Analyst

Devon Energy Corporation (NYSE:DVN) – Equities research analysts at Capital One Financial boosted their FY2025 EPS estimates for shares of Devon Energy in a research report issued to clients and investors on Monday, November 10th. Capital One Financial analyst P. Johnston now expects that the energy company will post earnings of $3.90 per share for the year, up from their prior estimate of $3.86. 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 Q1 2026 earnings at $0.92 EPS, Q2 2026 earnings at $1.00 EPS, Q3 2026 earnings at $1.08 EPS, Q4 2026 earnings at $1.16 EPS and FY2026 earnings at $4.17 EPS.

Devon Energy (NYSE:DVN) last announced its quarterly earnings results on Wednesday, November 5th. The energy company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.11. The company had revenue of $0.00 million during the quarter, compared to analysts’ expectations of $4.10 billion. Devon Energy had a return on equity of 18.59% and a net margin of 16.57%.During the same period in the previous year, the business earned $1.10 earnings per share.

Other analysts have also recently issued reports about the stock. Weiss Ratings cut shares of Devon Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, November 7th. Susquehanna increased their price objective on Devon Energy from $40.00 to $42.00 and gave the stock a “positive” rating in a research report on Wednesday. Wells Fargo & Company dropped their price objective on Devon Energy from $43.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, October 17th. Raymond James Financial restated an “outperform” rating and issued a $45.00 target price (up from $40.00) on shares of Devon Energy in a research note on Tuesday, July 22nd. Finally, William Blair started coverage on Devon Energy in a report on Monday, August 25th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.07.

Devon Energy Trading Up 0.0%

Shares of Devon Energy stock opened at $35.16 on Wednesday. The company’s 50-day moving average price is $33.91 and its 200-day moving average price is $33.33. 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 $39.74. The company has a market cap of $22.06 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 2.49 and a beta of 1.01.

Institutional Investors Weigh In On Devon Energy

A number of hedge funds and other institutional investors have recently modified their holdings of DVN. AQR Capital Management LLC increased its stake in Devon Energy by 78.7% in the 2nd quarter. AQR Capital Management LLC now owns 6,360,499 shares of the energy company’s stock worth $202,327,000 after purchasing an additional 2,802,137 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Devon Energy by 81.1% in the first quarter. Ameriprise Financial Inc. now owns 5,029,987 shares of the energy company’s stock worth $188,131,000 after purchasing an additional 2,252,918 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Devon Energy by 2.6% in the first quarter. Vanguard Group Inc. now owns 82,780,738 shares of the energy company’s stock worth $3,096,000,000 after buying an additional 2,098,568 shares during the period. Adage Capital Partners GP L.L.C. raised its holdings in Devon Energy by 83.9% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 4,568,092 shares of the energy company’s stock valued at $145,311,000 after buying an additional 2,083,600 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Devon Energy during the 1st quarter valued at $69,975,000. Institutional investors own 69.72% of the company’s stock.

Devon Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, December 15th. Devon Energy’s dividend payout ratio (DPR) is 22.59%.

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.