Analysts Issue Forecasts for Devon Energy FY2025 Earnings

Devon Energy Corporation (NYSE:DVN - Free Report) - Zacks Research reduced their FY2025 earnings estimates for shares of Devon Energy in a note issued to investors on Wednesday, July 9th. Zacks Research analyst J. Saha now forecasts that the energy company will earn $3.82 per share for the year, down from their prior forecast of $3.83. 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 Q2 2026 earnings at $0.98 EPS.

Devon Energy (NYSE:DVN - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The energy company reported $1.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.27 by ($0.06). The company had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.31 billion. Devon Energy had a return on equity of 21.90% and a net margin of 16.60%. Devon Energy's revenue for the quarter was up 23.8% compared to the same quarter last year. During the same period last year, the company earned $1.16 EPS.

Other analysts have also issued reports about the company. Royal Bank Of Canada decreased their price objective on Devon Energy from $49.00 to $40.00 and set a "sector perform" rating for the company in a report on Monday, April 14th. Wall Street Zen raised Devon Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Mizuho lowered their price objective on Devon Energy from $46.00 to $43.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. Raymond James Financial set a $40.00 price objective on Devon Energy in a research note on Monday, April 21st. Finally, UBS Group lowered their price objective on Devon Energy from $41.00 to $35.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $43.50.

Devon Energy Price Performance

DVN stock opened at $33.98 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.99. Devon Energy has a 1 year low of $25.89 and a 1 year high of $49.35. The stock has a market capitalization of $21.82 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 2.59 and a beta of 1.02. The company's 50-day moving average is $32.64 and its 200-day moving average is $33.49.

Hedge Funds Weigh In On Devon Energy

A number of large investors have recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC bought a new position in shares of Devon Energy in the second quarter worth $7,051,000. IFM Investors Pty Ltd boosted its stake in Devon Energy by 8.4% during the second quarter. IFM Investors Pty Ltd now owns 118,275 shares of the energy company's stock valued at $3,762,000 after buying an additional 9,145 shares during the period. Arkfeld Wealth Strategies L.L.C. boosted its stake in Devon Energy by 4.2% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 55,654 shares of the energy company's stock valued at $1,819,000 after buying an additional 2,266 shares during the period. Peoples Bank KS boosted its stake in Devon Energy by 8.4% during the second quarter. Peoples Bank KS now owns 19,975 shares of the energy company's stock valued at $635,000 after buying an additional 1,550 shares during the period. Finally, Family Legacy Financial Solutions LLC bought a new stake in Devon Energy during the second quarter valued at $162,000. 69.72% of the stock is owned by institutional investors.

Devon Energy Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Friday, June 13th. Devon Energy's payout ratio is currently 21.87%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.