Devon Energy FY2025 EPS Forecast Reduced by Zacks Research

Devon Energy Corporation (NYSE:DVN - Free Report) - Analysts at Zacks Research reduced their FY2025 EPS estimates for shares of Devon Energy in a research report issued to clients and investors on Wednesday, July 9th. Zacks Research analyst J. Saha now forecasts that the energy company will post earnings of $3.82 per share for the year, down from their previous 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 announced its quarterly earnings results on Tuesday, May 6th. The energy company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.06). Devon Energy had a net margin of 16.60% and a return on equity of 21.90%. The business had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. During the same period last year, the company earned $1.16 EPS. The firm's revenue for the quarter was up 23.8% on a year-over-year basis.

A number of other equities analysts have also recently weighed in on the company. Royal Bank Of Canada cut their price target 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. Morgan Stanley upped their target price on shares of Devon Energy from $42.00 to $44.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. JPMorgan Chase & Co. lowered their price target on shares of Devon Energy from $48.00 to $42.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Piper Sandler cut their price objective on shares of Devon Energy from $56.00 to $53.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Finally, Barclays raised their target price on shares of Devon Energy from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 7th. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $43.79.

Devon Energy Price Performance

Shares of Devon Energy stock traded up $0.04 during trading on Friday, hitting $33.99. 5,716,112 shares of the company were exchanged, compared to its average volume of 8,874,719. The firm has a 50 day moving average price of $32.64 and a 200 day moving average price of $33.49. The stock has a market capitalization of $21.82 billion, a price-to-earnings ratio of 7.74, a P/E/G ratio of 2.53 and a beta of 1.02. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. Devon Energy has a fifty-two week low of $25.89 and a fifty-two week high of $49.35.

Devon Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date was Friday, June 13th. Devon Energy's payout ratio is currently 21.87%.

Institutional Trading of Devon Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Devon Energy by 2.6% during 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. Geode Capital Management LLC lifted its holdings in shares of Devon Energy by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 16,931,275 shares of the energy company's stock valued at $552,830,000 after acquiring an additional 1,038,305 shares in the last quarter. Victory Capital Management Inc. boosted its position in 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 worth $430,805,000 after purchasing an additional 1,315,050 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in Devon Energy by 42.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 10,395,225 shares of the energy company's stock valued at $340,236,000 after purchasing an additional 3,114,656 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Devon Energy by 32.8% in the 4th quarter. Invesco Ltd. now owns 9,461,719 shares of the energy company's stock valued at $309,682,000 after purchasing an additional 2,335,473 shares in the last quarter. Institutional investors and hedge funds own 69.72% of the company's stock.

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.