Q2 EPS Estimates for Devon Energy Cut by Analyst

Devon Energy Corporation (NYSE:DVN - Free Report) - Stock analysts at Capital One Financial decreased their Q2 2025 earnings estimates for Devon Energy in a research report issued to clients and investors on Wednesday, July 2nd. Capital One Financial analyst P. Johnston now forecasts that the energy company will post earnings of $0.87 per share for the quarter, down from their previous 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.

Devon Energy (NYSE:DVN - Get Free Report) last issued its 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 return on equity of 21.90% and a net margin of 16.60%. The firm had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. During the same period last year, the firm posted $1.16 earnings per share. The firm's quarterly revenue was up 23.8% on a year-over-year basis.

A number of other analysts have also commented on the stock. Raymond James Financial set a $40.00 price target on shares of Devon Energy in a research note on Monday, April 21st. Wall Street Zen upgraded shares of Devon Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. UBS Group reduced their price target on shares of Devon Energy from $41.00 to $35.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Wells Fargo & Company reduced their price target on shares of Devon Energy from $46.00 to $41.00 and set an "overweight" rating for the company in a research note on Monday, June 16th. Finally, Royal Bank Of Canada reduced their price target on shares of Devon Energy from $49.00 to $40.00 and set a "sector perform" rating for the company in a research note on Monday, April 14th. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $43.50.

Devon Energy Stock Performance

Shares of DVN stock traded down $0.51 during trading hours on Friday, reaching $32.72. The company had a trading volume of 7,524,949 shares, compared to its average volume of 8,853,562. The business has a fifty day moving average price of $32.40 and a 200-day moving average price of $33.44. Devon Energy has a one year low of $25.89 and a one year high of $49.35. The firm has a market cap of $21.01 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 2.49 and a beta of 1.02. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.24 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.93%. Devon Energy's payout ratio is currently 21.87%.

Hedge Funds Weigh In On Devon Energy

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Devon Energy by 2.6% in 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 in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Devon Energy by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 16,931,275 shares of the energy company's stock worth $552,830,000 after buying an additional 1,038,305 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Devon Energy by 12.9% in the first quarter. Victory Capital Management Inc. now owns 11,518,862 shares of the energy company's stock worth $430,805,000 after buying an additional 1,315,050 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Devon Energy by 42.8% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 10,395,225 shares of the energy company's stock worth $340,236,000 after buying an additional 3,114,656 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Devon Energy by 32.8% in the fourth quarter. Invesco Ltd. now owns 9,461,719 shares of the energy company's stock worth $309,682,000 after buying an additional 2,335,473 shares in the last quarter. Hedge funds and other institutional investors own 69.72% of the company's stock.

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.