Devon Energy Co. (NYSE:DVN - Free Report) - Analysts at Capital One Financial upped their FY2026 earnings per share (EPS) estimates for Devon Energy in a research note issued to investors on Wednesday, March 5th. Capital One Financial analyst P. Johnston now expects that the energy company will post earnings of $5.26 per share for the year, up from their previous forecast of $4.66. The consensus estimate for Devon Energy's current full-year earnings is $4.85 per share.
Devon Energy (NYSE:DVN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.16. Devon Energy had a net margin of 18.14% and a return on equity of 22.52%. The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.25 billion.
DVN has been the subject of several other reports. Barclays increased their price objective on Devon Energy from $43.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. lowered their price target on Devon Energy from $48.00 to $42.00 and set a "neutral" rating for the company in a research report on Thursday. Cowen cut Devon Energy to a "hold" rating and dropped their price objective for the company from $46.00 to $45.00 in a research note on Tuesday, February 18th. Susquehanna upped their target price on shares of Devon Energy from $50.00 to $52.00 and gave the stock a "positive" rating in a research note on Thursday, February 20th. Finally, Piper Sandler boosted their price target on shares of Devon Energy from $54.00 to $55.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $48.54.
Check Out Our Latest Analysis on DVN
Devon Energy Stock Down 2.8 %
Shares of NYSE:DVN traded down $0.96 during midday trading on Monday, hitting $33.79. 6,297,041 shares of the company's stock were exchanged, compared to its average volume of 9,803,436. Devon Energy has a 12 month low of $30.39 and a 12 month high of $55.09. The company has a market cap of $21.93 billion, a PE ratio of 7.39, a price-to-earnings-growth ratio of 1.20 and a beta of 1.91. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 1.01. The stock has a 50 day moving average price of $35.36 and a 200-day moving average price of $37.47.
Devon Energy Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.24 dividend. The ex-dividend date is Friday, March 14th. This is a boost from Devon Energy's previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 2.84%. Devon Energy's payout ratio is 21.05%.
Institutional Trading of Devon Energy
A number of institutional investors have recently added to or reduced their stakes in DVN. PKO Investment Management Joint Stock Co bought a new stake in shares of Devon Energy during the fourth quarter valued at about $742,000. Alpha Wealth Funds LLC purchased a new position in Devon Energy during the fourth quarter valued at approximately $1,290,000. Siemens Fonds Invest GmbH bought a new stake in Devon Energy during the 4th quarter worth approximately $187,000. Total Wealth Planning & Management Inc. purchased a new stake in Devon Energy in the 4th quarter worth approximately $273,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Devon Energy in the 4th quarter worth approximately $7,795,000. Hedge funds and other institutional investors own 69.72% of the company's stock.
About Devon Energy
(
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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.
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