Devon Energy (DVN) Projected to Post Earnings on Tuesday

Key Points

• Devon Energy is set to announce its Q2 2025 earnings on Tuesday, August 5th, with analysts expecting earnings of $0.83 per share and revenue of $4.01 billion.
• The company reported a missed earnings estimate of $1.21 EPS in May, falling short of the $1.27 consensus, but posted a revenue of $4.45 billion, exceeding expectations.
• Institutional investors hold 69.72% of Devon Energy's stock, with a notable increase in holdings from Woodline Partners LP by 98.8% in the first quarter.

Devon Energy (NYSE:DVN - Get Free Report) is anticipated to post its Q2 2025 quarterly earnings results after the market closes on Tuesday, August 5th. Analysts expect Devon Energy to post earnings of $0.83 per share and revenue of $4.01 billion for the quarter.

Devon Energy (NYSE:DVN - Get Free Report) last released 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 business had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.31 billion. During the same quarter in the prior year, the business posted $1.16 EPS. The business's revenue for the quarter was up 23.8% compared to the same quarter last year. 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 Price Performance

Shares of NYSE:DVN traded down $1.11 during trading on Friday, hitting $32.11. 6,525,366 shares of the company's stock were exchanged, compared to its average volume of 9,057,405. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.99. Devon Energy has a 52-week low of $25.89 and a 52-week high of $46.04. The business's 50-day simple moving average is $32.90 and its 200 day simple moving average is $33.46. The company has a market cap of $20.62 billion, a price-to-earnings ratio of 7.31, a PEG ratio of 1.91 and a beta of 1.02.

Devon Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.24 per share. The ex-dividend date was Friday, June 13th. This represents a $0.96 annualized dividend and a dividend yield of 3.0%. Devon Energy's dividend payout ratio (DPR) is currently 21.87%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Bank of America cut their price target on Devon Energy from $52.00 to $42.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Raymond James Financial restated an "outperform" rating and set a $45.00 price target (up previously from $40.00) on shares of Devon Energy in a report on Tuesday, July 22nd. Citigroup cut their price target on Devon Energy from $46.00 to $43.00 and set a "buy" rating for the company in a report on Friday, April 4th. Wall Street Zen upgraded Devon Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Finally, JPMorgan Chase & Co. raised their price target on Devon Energy from $40.00 to $42.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Eleven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Devon Energy has a consensus rating of "Moderate Buy" and an average price target of $43.85.

Institutional Investors Weigh In On Devon Energy

A hedge fund recently raised its stake in Devon Energy stock. Woodline Partners LP raised its position in shares of Devon Energy Corporation (NYSE:DVN - Free Report) by 98.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,780 shares of the energy company's stock after purchasing an additional 57,555 shares during the period. Woodline Partners LP's holdings in Devon Energy were worth $4,330,000 as of its most recent filing with the Securities & Exchange Commission. 69.72% of the stock is currently owned by institutional investors.

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.