Q3 EPS Estimates for Devon Energy Cut by Analyst

Key Points

• Capital One Financial lowered its Q3 EPS estimates for Devon Energy from $1.06 to $0.99, while the full-year earnings consensus is $4.85 per share.
• Devon Energy recently announced a quarterly dividend of $0.24, which represents a 3.0% yield and a payout ratio of 21.52%.
• In recent reports, analysts have varying target prices for Devon Energy, with a consensus price target of $43.93 and ratings ranging from "hold" to "buy."

Devon Energy Corporation (NYSE:DVN - Free Report) - Stock analysts at Capital One Financial decreased their Q3 2025 EPS estimates for Devon Energy in a research report issued to clients and investors on Wednesday, August 6th. Capital One Financial analyst P. Johnston now expects that the energy company will earn $0.99 per share for the quarter, down from their previous forecast of $1.06. 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 Q4 2025 earnings at $1.05 EPS, FY2025 earnings at $4.09 EPS and FY2026 earnings at $3.93 EPS.

Several other equities analysts have also commented on the stock. The Goldman Sachs Group raised 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. 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 for the company in a research note on Monday, April 14th. Tudor, Pickering, Holt & Co. increased their price target on shares of Devon Energy from $42.00 to $44.00 in a research report on Thursday, July 3rd. Raymond James Financial reiterated an "outperform" rating and set a $45.00 target price (up previously from $40.00) on shares of Devon Energy in a research report on Tuesday, July 22nd. Finally, Susquehanna lowered their price target on shares of Devon Energy from $52.00 to $41.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. Eleven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, Devon Energy presently has an average rating of "Moderate Buy" and a consensus price target of $43.93.

Devon Energy Stock Performance

DVN stock traded up $0.86 during trading hours on Friday, reaching $33.25. The stock had a trading volume of 9,266,859 shares, compared to its average volume of 7,830,112. The stock has a market capitalization of $21.11 billion, a PE ratio of 7.46, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.22 and a quick ratio of 0.99. The stock has a 50-day simple moving average of $33.07 and a 200 day simple moving average of $33.22. Devon Energy has a fifty-two week low of $25.89 and a fifty-two week high of $46.04.

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

Devon Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, September 15th. Devon Energy's dividend payout ratio is presently 21.52%.

Institutional Investors Weigh In On Devon Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. MTM Investment Management LLC bought a new stake in Devon Energy during the 2nd quarter worth about $160,000. Citizens Financial Group Inc. RI raised its holdings in Devon Energy by 5.0% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 12,762 shares of the energy company's stock worth $406,000 after buying an additional 612 shares during the period. Westwood Holdings Group Inc. raised its holdings in Devon Energy by 6.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 15,174 shares of the energy company's stock worth $483,000 after buying an additional 945 shares during the period. Intech Investment Management LLC raised its holdings in Devon Energy by 40.0% during the 2nd quarter. Intech Investment Management LLC now owns 39,455 shares of the energy company's stock worth $1,255,000 after buying an additional 11,273 shares during the period. Finally, Value Holdings Management CO. LLC raised its holdings in Devon Energy by 50.3% during the 2nd quarter. Value Holdings Management CO. LLC now owns 119,500 shares of the energy company's stock worth $3,801,000 after buying an additional 40,000 shares during the period. Institutional investors own 69.72% of the company's stock.

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.