Devon Energy Q1 EPS Forecast Raised by Capital One Financial

Key Points

• Analysts at Capital One Financial have raised their Q1 2026 earnings per share forecast for Devon Energy to $0.89, slightly higher than the previous estimate of $0.88.
• Devon Energy has a market capitalization of $20.68 billion and a current P/E ratio of 7.30, indicating a strong financial position.
• The company recently announced a quarterly dividend of $0.24 per share, reflecting an annualized yield of 2.9% based on current stock prices.

Devon Energy Corporation (NYSE:DVN - Free Report) - Analysts at Capital One Financial increased their Q1 2026 earnings per share estimates for Devon Energy in a research report issued on Wednesday, October 15th. Capital One Financial analyst P. Johnston now forecasts that the energy company will post earnings per share of $0.89 for the quarter, up from their prior forecast of $0.88. 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 Q2 2026 earnings at $0.93 EPS, Q3 2026 earnings at $1.01 EPS, Q4 2026 earnings at $1.04 EPS, FY2026 earnings at $3.87 EPS and FY2027 earnings at $4.49 EPS.

Other analysts have also issued reports about the company. Wells Fargo & Company boosted their price objective on Devon Energy from $42.00 to $43.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Bernstein Bank cut their price objective on Devon Energy from $45.00 to $43.00 and set an "outperform" rating for the company in a report on Monday, July 7th. Siebert Williams Shank upped their price target on Devon Energy from $47.00 to $52.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Mizuho lowered their price target on Devon Energy from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, September 15th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Devon Energy in a research report on Wednesday, October 8th. Seventeen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Devon Energy has a consensus rating of "Moderate Buy" and a consensus price target of $43.68.

Devon Energy Stock Performance

Shares of Devon Energy stock opened at $32.57 on Thursday. The business's fifty day simple moving average is $34.56 and its 200 day simple moving average is $33.02. The firm has a market capitalization of $20.68 billion, a P/E ratio of 7.30, a price-to-earnings-growth ratio of 1.91 and a beta of 1.03. Devon Energy has a 12 month low of $25.89 and a 12 month high of $41.61. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55.

Devon Energy (NYSE:DVN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The energy company reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.01. The business had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.01 billion. Devon Energy had a return on equity of 18.59% and a net margin of 16.57%.Devon Energy's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $1.41 earnings per share.

Devon Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, September 15th. Devon Energy's dividend payout ratio (DPR) is 21.52%.

Insiders Place Their Bets

In other Devon Energy news, Director Kelt Kindick sold 7,685 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $33.46, for a total value of $257,140.10. Following the completion of the sale, the director directly owned 31,801 shares in the company, valued at $1,064,061.46. This trade represents a 19.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.71% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Devon Energy

Several institutional investors have recently bought and sold shares of the company. Banque Cantonale Vaudoise purchased a new position in shares of Devon Energy in the first quarter worth $26,000. Financial Gravity Asset Management Inc. purchased a new position in Devon Energy in the first quarter valued at $26,000. Opal Wealth Advisors LLC purchased a new position in Devon Energy in the second quarter valued at $25,000. Caldwell Trust Co purchased a new stake in shares of Devon Energy during the second quarter worth about $25,000. Finally, Rakuten Securities Inc. increased its stake in shares of Devon Energy by 94.6% during the first quarter. Rakuten Securities Inc. now owns 833 shares of the energy company's stock worth $31,000 after purchasing an additional 405 shares in the last quarter. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Devon Energy Company Profile

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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