
Devon Energy Corporation (NYSE:DVN - Free Report) - Equities research analysts at Zacks Research upped their Q2 2025 earnings estimates for shares of Devon Energy in a research note issued to investors on Tuesday, July 29th. Zacks Research analyst J. Saha now forecasts that the energy company will earn $0.84 per share for the quarter, up from their previous forecast of $0.83. The consensus estimate for Devon Energy's current full-year earnings is $4.85 per share. Zacks Research also issued estimates for Devon Energy's Q3 2025 earnings at $0.90 EPS, Q4 2025 earnings at $0.92 EPS, FY2025 earnings at $3.87 EPS, Q4 2026 earnings at $0.94 EPS, FY2026 earnings at $3.78 EPS and FY2027 earnings at $4.46 EPS.
Several other equities analysts have also commented on the stock. The Goldman Sachs Group increased 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. Wall Street Zen raised shares of Devon Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Tudor, Pickering, Holt & Co. increased their target price on shares of Devon Energy from $42.00 to $44.00 in a report on Thursday, July 3rd. Royal Bank Of Canada reduced their target price on shares of Devon Energy from $49.00 to $40.00 and set a "sector perform" rating on the stock in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. increased their target price on shares of Devon Energy from $40.00 to $42.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Eleven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $43.85.
View Our Latest Analysis on DVN
Devon Energy Price Performance
Shares of NYSE:DVN traded down $1.10 during trading on Thursday, reaching $32.12. The company had a trading volume of 8,889,859 shares, compared to its average volume of 7,053,530. The company has a fifty day moving average of $32.92 and a two-hundred day moving average of $33.43. The stock has a market capitalization of $20.62 billion, a P/E ratio of 7.32, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07. Devon Energy has a 12 month low of $25.89 and a 12 month high of $46.04. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 0.57.
Devon Energy (NYSE:DVN - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The energy company reported $1.21 EPS for the quarter, missing analysts' consensus estimates of $1.27 by ($0.06). The company had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.31 billion. Devon Energy had a return on equity of 21.90% and a net margin of 16.60%. Devon Energy's quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.16 EPS.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of DVN. Fuller & Thaler Asset Management Inc. raised its holdings in 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 during the last quarter. Marshall Wace LLP raised its holdings in shares of Devon Energy by 135.5% during the fourth quarter. Marshall Wace LLP now owns 5,371,518 shares of the energy company's stock valued at $175,810,000 after purchasing an additional 3,090,585 shares during the last quarter. Invesco Ltd. grew its position in Devon Energy by 32.8% during the fourth quarter. Invesco Ltd. now owns 9,461,719 shares of the energy company's stock valued at $309,682,000 after buying an additional 2,335,473 shares during the period. Ameriprise Financial Inc. grew its position in Devon Energy by 81.1% during the first quarter. Ameriprise Financial Inc. now owns 5,029,987 shares of the energy company's stock valued at $188,131,000 after buying an additional 2,252,918 shares during the period. Finally, Vanguard Group Inc. grew its position in Devon Energy by 2.6% during the first quarter. Vanguard Group Inc. now owns 82,780,738 shares of the energy company's stock valued at $3,096,000,000 after buying an additional 2,098,568 shares during the period. 69.72% of the stock is owned by hedge funds and other institutional investors.
Devon Energy Announces Dividend
The firm also recently declared 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. This represents a $0.96 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, June 13th. Devon Energy's dividend payout ratio (DPR) is 21.87%.
About Devon Energy
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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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