Q2 EPS Estimates for Devon Energy Reduced by Zacks Research

Devon Energy Co. (NYSE:DVN - Free Report) - Equities researchers at Zacks Research decreased their Q2 2025 earnings estimates for Devon Energy in a report released on Monday, May 19th. Zacks Research analyst J. Saha now expects that the energy company will earn $0.89 per share for the quarter, down from their prior forecast of $1.13. 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 $0.95 EPS, Q4 2025 earnings at $0.92 EPS, FY2025 earnings at $3.97 EPS, Q4 2026 earnings at $0.76 EPS and FY2026 earnings at $3.66 EPS.

Devon Energy (NYSE:DVN - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The energy company reported $1.21 earnings per share for the quarter, missing analysts' consensus estimates of $1.27 by ($0.06). Devon Energy had a return on equity of 22.52% and a net margin of 18.14%. The business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same quarter in the previous year, the firm posted $1.16 earnings per share. The business's revenue was up 23.8% compared to the same quarter last year.

A number of other brokerages also recently commented on DVN. Scotiabank reduced their price objective on Devon Energy from $45.00 to $35.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Bank of America reduced their price target on Devon Energy from $52.00 to $42.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Truist Financial boosted their price target on shares of Devon Energy from $42.00 to $44.00 and gave the company a "hold" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. cut their price objective on shares of Devon Energy from $48.00 to $42.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Finally, The Goldman Sachs Group boosted 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. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $43.83.

Devon Energy Trading Down 2.0%

DVN opened at $31.54 on Thursday. The firm has a market capitalization of $20.25 billion, a price-to-earnings ratio of 6.92, a price-to-earnings-growth ratio of 1.20 and a beta of 1.00. The company's 50 day simple moving average is $32.37 and its two-hundred day simple moving average is $34.44. Devon Energy has a 1-year low of $25.89 and a 1-year high of $49.39. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 1.01.

Devon Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.04%. Devon Energy's dividend payout ratio is currently 21.87%.

Hedge Funds Weigh In On Devon Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Devon Energy by 7.3% during the fourth quarter. Vanguard Group Inc. now owns 80,682,170 shares of the energy company's stock valued at $2,640,727,000 after buying an additional 5,465,692 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Devon Energy during the fourth quarter valued at approximately $154,170,000. Fuller & Thaler Asset Management Inc. increased its stake in Devon Energy by 42.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 10,395,225 shares of the energy company's stock valued at $340,236,000 after buying an additional 3,114,656 shares during the period. Marshall Wace LLP lifted its position in Devon Energy by 135.5% in the 4th quarter. Marshall Wace LLP now owns 5,371,518 shares of the energy company's stock worth $175,810,000 after buying an additional 3,090,585 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Devon Energy by 32.8% during the 4th 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. Institutional investors and hedge funds own 69.72% of the company's stock.

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.

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