Capital One Financial Forecasts Devon Energy Q2 Earnings

Devon Energy Corporation (NYSE:DVN - Free Report) - Capital One Financial decreased their Q2 2025 EPS estimates for shares of Devon Energy in a report issued on Wednesday, July 2nd. Capital One Financial analyst P. Johnston now expects that the energy company will post earnings of $0.87 per share for the quarter, down from their prior estimate of $1.00. 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 Q3 2025 earnings at $1.06 EPS, Q4 2025 earnings at $1.15 EPS, FY2025 earnings at $4.29 EPS and FY2026 earnings at $4.22 EPS.

DVN has been the topic of several other reports. Scotiabank dropped their price target on Devon Energy from $45.00 to $35.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. dropped their target price on shares of Devon Energy from $48.00 to $42.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. The Goldman Sachs Group boosted their target price on shares of Devon Energy from $38.00 to $43.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Raymond James Financial set a $40.00 price objective on shares of Devon Energy in a research note on Monday, April 21st. Finally, Wells Fargo & Company dropped their price objective on shares of Devon Energy from $46.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, June 16th. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Devon Energy presently has a consensus rating of "Moderate Buy" and an average price target of $43.50.

Devon Energy Stock Down 0.6%

Shares of NYSE DVN traded down $0.21 during mid-day trading on Friday, hitting $33.20. 2,849,156 shares of the stock traded hands, compared to its average volume of 8,858,896. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.99 and a current ratio of 1.08. Devon Energy has a 52 week low of $25.89 and a 52 week high of $49.35. The company has a market cap of $21.32 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 2.49 and a beta of 1.02. The stock has a fifty day moving average price of $32.40 and a 200-day moving average price of $33.42.

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

Hedge Funds Weigh In On Devon Energy

Several hedge funds and other institutional investors have recently bought and sold shares of DVN. Hurley Capital LLC bought a new position in Devon Energy during the fourth quarter valued at approximately $26,000. Financial Gravity Asset Management Inc. bought a new position in Devon Energy during the first quarter valued at approximately $26,000. Banque Cantonale Vaudoise bought a new position in shares of Devon Energy during the 1st quarter valued at $26,000. Accredited Wealth Management LLC bought a new position in shares of Devon Energy during the 4th quarter valued at $28,000. Finally, Rakuten Securities Inc. lifted its holdings in shares of Devon Energy by 94.6% during the 1st quarter. Rakuten Securities Inc. now owns 833 shares of the energy company's stock valued at $31,000 after buying an additional 405 shares during the period. Institutional investors own 69.72% of the company's stock.

Devon Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.89%. The ex-dividend date was Friday, June 13th. Devon Energy's dividend payout ratio is currently 21.87%.

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.