Q3 Earnings Forecast for Devon Energy Issued By Roth Capital

Key Points

• Roth Capital has projected that Devon Energy will report an earnings per share (EPS) of $0.94 for Q3 2025, with a full-year 2025 EPS estimate of $3.84.
• Recently, Devon Energy's stock received a price target increase from Wells Fargo to $43.00, while analysts maintain a mixed rating with a consensus of "Moderate Buy."
• The company announced a quarterly dividend of $0.24, which represents an annualized yield of 2.9%.

Devon Energy Corporation (NYSE:DVN - Free Report) - Analysts at Roth Capital issued their Q3 2025 earnings per share (EPS) estimates for Devon Energy in a research note issued on Monday, October 13th. Roth Capital analyst N. Pope forecasts that the energy company will post earnings of $0.94 per share for the quarter. Roth Capital currently has a "Buy" rating and a $42.00 price target on the stock. The consensus estimate for Devon Energy's current full-year earnings is $4.85 per share. Roth Capital also issued estimates for Devon Energy's Q4 2025 earnings at $0.88 EPS, FY2025 earnings at $3.84 EPS, Q1 2026 earnings at $0.90 EPS, Q2 2026 earnings at $0.76 EPS, Q3 2026 earnings at $0.77 EPS, Q4 2026 earnings at $0.87 EPS and FY2026 earnings at $3.30 EPS.

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

DVN has been the topic of several other reports. Wells Fargo & Company increased their target price on shares of Devon Energy from $42.00 to $43.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. Morgan Stanley lowered their price objective on shares of Devon Energy from $49.00 to $47.00 and set an "overweight" rating for the company in a research report on Tuesday. Weiss Ratings reiterated a "hold (c-)" rating on shares of Devon Energy in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on Devon Energy from $40.00 to $42.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Finally, BMO Capital Markets lifted their price objective on Devon Energy from $48.00 to $51.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Seventeen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $43.68.

Devon Energy Stock Down 0.4%

Devon Energy stock opened at $32.57 on Thursday. The firm has a market capitalization of $20.68 billion, a price-to-earnings ratio of 7.30, a PEG ratio of 1.91 and a beta of 1.03. The company's 50 day simple moving average is $34.56 and its 200 day simple moving average is $33.02. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.22 and a quick ratio of 1.13. Devon Energy has a fifty-two week low of $25.89 and a fifty-two week high of $41.61.

Hedge Funds Weigh In On Devon Energy

A number of institutional investors have recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new position in Devon Energy during the first quarter worth approximately $26,000. Financial Gravity Asset Management Inc. acquired a new stake in Devon Energy in the 1st quarter worth about $26,000. Opal Wealth Advisors LLC acquired a new stake in Devon Energy during the second quarter worth approximately $25,000. Caldwell Trust Co acquired a new position in Devon Energy in the second quarter valued at about $25,000. Finally, Rakuten Securities Inc. increased its holdings in Devon Energy by 94.6% in the 1st quarter. Rakuten Securities Inc. now owns 833 shares of the energy company's stock valued at $31,000 after buying an additional 405 shares during the period. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Kelt Kindick sold 7,685 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $33.46, for a total transaction of $257,140.10. Following the sale, the director owned 31,801 shares in the company, valued at approximately $1,064,061.46. This represents a 19.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.71% of the company's stock.

Devon Energy Dividend Announcement

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

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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