Capital One Financial Estimates Devon Energy Q3 Earnings

Key Points

• Capital One Financial has revised Devon Energy's Q3 2025 earnings per share estimate from $0.99 to $0.96, while the consensus for the full year remains at $4.85 per share.
• Devon Energy recently declared a quarterly dividend of $0.24 per share, which will be paid on September 30, with a dividend yield of 2.7%.
• Jefferies Financial Group raised its price target for Devon Energy from $31.00 to $33.00, indicating a moderate increase in expectations for the stock.

Devon Energy Corporation (NYSE:DVN - Free Report) - Capital One Financial decreased their Q3 2025 EPS estimates for Devon Energy in a report issued on Wednesday, August 27th. Capital One Financial analyst P. Johnston now anticipates that the energy company will post earnings per share of $0.96 for the quarter, down from their prior forecast of $0.99. 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 Q4 2025 earnings at $1.03 EPS, FY2025 earnings at $4.03 EPS, Q1 2026 earnings at $0.85 EPS, Q2 2026 earnings at $0.89 EPS, Q3 2026 earnings at $0.96 EPS, Q4 2026 earnings at $1.00 EPS, FY2026 earnings at $3.70 EPS and FY2027 earnings at $4.29 EPS.

Devon Energy (NYSE:DVN - Get Free Report) last issued its earnings results on Tuesday, August 5th. The energy company reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.01. Devon Energy had a net margin of 16.57% and a return on equity of 18.59%. The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter last year, the firm posted $1.41 EPS. The business's revenue for the quarter was up 9.4% compared to the same quarter last year.

A number of other equities analysts also recently commented on the stock. Morgan Stanley raised their target price on shares of Devon Energy from $46.00 to $49.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Wells Fargo & Company lifted their price target on shares of Devon Energy from $42.00 to $43.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. lifted their price target on shares of Devon Energy from $40.00 to $42.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Barclays lifted their price target on shares of Devon Energy from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Finally, Tudor, Pickering, Holt & Co. lifted their price target on shares of Devon Energy from $42.00 to $44.00 in a research note on Thursday, July 3rd. Sixteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $44.15.

Devon Energy Trading Down 3.0%

Shares of DVN stock traded down $1.11 during mid-day trading on Friday, reaching $35.32. The company's stock had a trading volume of 2,053,136 shares, compared to its average volume of 8,830,787. The company's 50 day simple moving average is $33.53 and its 200-day simple moving average is $33.22. Devon Energy has a 12-month low of $25.89 and a 12-month high of $43.47. 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 capitalization of $22.42 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 2.08 and a beta of 1.09.

Institutional Investors Weigh In On Devon Energy

Several hedge funds and other institutional investors have recently modified their holdings of DVN. Opal Wealth Advisors LLC bought a new stake in shares of Devon Energy during the 2nd quarter valued at about $25,000. Financial Gravity Asset Management Inc. acquired a new position in Devon Energy during the 1st quarter valued at about $26,000. Banque Cantonale Vaudoise acquired a new position in Devon Energy during the 1st quarter valued at about $26,000. Accredited Wealth Management LLC acquired a new position in Devon Energy during the 4th quarter valued at about $28,000. Finally, Trust Co. of Vermont boosted its stake in Devon Energy by 241.3% during the 2nd quarter. Trust Co. of Vermont now owns 942 shares of the energy company's stock valued at $30,000 after purchasing an additional 666 shares during the period. Institutional investors own 69.72% of the company's stock.

Insider Buying and Selling at Devon Energy

In other news, Director Kelt Kindick sold 7,685 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $33.46, for a total value of $257,140.10. Following the completion of the sale, the director owned 31,801 shares of the company's stock, valued at approximately $1,064,061.46. The trade was a 19.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.73% of the company's stock.

Devon Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $0.24 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.96 annualized dividend and a dividend yield of 2.7%. Devon Energy's payout ratio is presently 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.