Devon Energy (DVN) Projected to Post Quarterly Earnings on Tuesday

Devon Energy (NYSE:DVN - Get Free Report) is anticipated to issue its Q1 2025 quarterly earnings data after the market closes on Tuesday, May 6th. Analysts expect Devon Energy to post earnings of $1.22 per share and revenue of $4.31 billion for the quarter.

Devon Energy (NYSE:DVN - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The energy company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.16. Devon Energy had a return on equity of 22.52% and a net margin of 18.14%. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.25 billion. On average, analysts expect Devon Energy to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Devon Energy Trading Up 1.0 %

Shares of DVN stock opened at $31.46 on Friday. Devon Energy has a fifty-two week low of $25.89 and a fifty-two week high of $51.46. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.57. The business has a fifty day simple moving average of $32.94 and a 200-day simple moving average of $35.03. The stock has a market cap of $20.24 billion, a P/E ratio of 6.90, a P/E/G ratio of 1.20 and a beta of 1.50.

Devon Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.24 per share. This is an increase from Devon Energy's previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Friday, March 14th. Devon Energy's dividend payout ratio (DPR) is 21.05%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Royal Bank of Canada lowered their price target on shares of Devon Energy from $49.00 to $40.00 and set a "sector perform" rating on the stock in a research report on Monday, April 14th. Mizuho reduced their price objective on Devon Energy from $49.00 to $46.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Susquehanna dropped their price objective on Devon Energy from $52.00 to $41.00 and set a "positive" rating for the company in a research report on Tuesday, April 22nd. Raymond James set a $40.00 target price on shares of Devon Energy in a report on Monday, April 21st. Finally, Barclays lowered their price target on shares of Devon Energy from $44.00 to $38.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $43.87.

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.

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