Q3 2025 Earnings Forecast for Devon Energy Co. Issued By Zacks Research (NYSE:DVN)

Devon Energy Co. (NYSE:DVN - Free Report) - Research analysts at Zacks Research dropped their Q3 2025 earnings per share estimates for shares of Devon Energy in a research note issued to investors on Wednesday, May 15th. Zacks Research analyst J. Saha now forecasts that the energy company will post earnings of $1.28 per share for the quarter, down from their prior estimate of $1.35. The consensus estimate for Devon Energy's current full-year earnings is $5.21 per share. Zacks Research also issued estimates for Devon Energy's Q4 2025 earnings at $1.27 EPS, FY2025 earnings at $5.26 EPS, Q1 2026 earnings at $1.32 EPS and FY2026 earnings at $5.20 EPS.

Devon Energy (NYSE:DVN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The energy company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.06. Devon Energy had a return on equity of 29.02% and a net margin of 22.27%. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the previous year, the company posted $1.46 earnings per share. The business's revenue was down 5.9% on a year-over-year basis.

Several other equities analysts also recently commented on the stock. Scotiabank upped their price objective on shares of Devon Energy from $53.00 to $67.00 and gave the company a "sector outperform" rating in a research note on Thursday, April 11th. Piper Sandler increased their price objective on Devon Energy from $60.00 to $61.00 and gave the stock an "overweight" rating in a report on Tuesday. Barclays assumed coverage on Devon Energy in a research note on Wednesday, April 10th. They set an "equal weight" rating and a $59.00 target price on the stock. Raymond James dropped their price target on Devon Energy from $53.00 to $52.00 and set an "outperform" rating for the company in a research note on Wednesday, January 24th. Finally, Wells Fargo & Company upgraded shares of Devon Energy from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $46.00 to $59.00 in a report on Monday, April 1st. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.83.

Devon Energy Trading Up 0.8 %

DVN traded up $0.38 during trading on Friday, hitting $49.62. 4,636,960 shares of the stock traded hands, compared to its average volume of 7,625,087. The firm has a market capitalization of $31.36 billion, a P/E ratio of 9.40 and a beta of 2.15. Devon Energy has a 12-month low of $40.47 and a 12-month high of $55.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.04 and a quick ratio of 0.97. The firm has a 50-day moving average of $50.63 and a 200 day moving average of $46.43.

Institutional Trading of Devon Energy

A number of institutional investors and hedge funds have recently bought and sold shares of DVN. Vanguard Group Inc. lifted its holdings in shares of Devon Energy by 3.5% during the first quarter. Vanguard Group Inc. now owns 76,457,056 shares of the energy company's stock valued at $3,836,615,000 after purchasing an additional 2,559,039 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Devon Energy by 23.6% during the 3rd quarter. Morgan Stanley now owns 11,647,104 shares of the energy company's stock valued at $555,567,000 after acquiring an additional 2,220,194 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Devon Energy by 8.9% during the 1st quarter. Raymond James & Associates now owns 9,044,859 shares of the energy company's stock valued at $453,871,000 after acquiring an additional 736,449 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Devon Energy by 0.8% in the fourth quarter. Victory Capital Management Inc. now owns 8,539,335 shares of the energy company's stock worth $386,832,000 after acquiring an additional 68,339 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Devon Energy by 26.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,077,042 shares of the energy company's stock valued at $320,609,000 after purchasing an additional 1,488,374 shares during the last quarter. 69.72% of the stock is currently owned by institutional investors.

Insider Transactions at Devon Energy

In related news, EVP Tana K. Cashion sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $51.04, for a total transaction of $1,020,800.00. Following the completion of the transaction, the executive vice president now owns 104,182 shares of the company's stock, valued at approximately $5,317,449.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.63% of the company's stock.

Devon Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.88 annualized dividend and a dividend yield of 1.77%. Devon Energy's payout ratio is 16.79%.

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.