Q3 EPS Estimates for Devon Energy Lifted by Zacks Research

Key Points

• Zacks Research has raised its Q3 2025 EPS estimate for Devon Energy from $0.90 to $0.94, signaling a positive outlook for the energy company.
• Devon Energy reported a Q2 EPS of $0.84, exceeding analyst expectations and generating $4.28 billion in revenue, a 9.4% increase year-over-year.
• The company recently announced a quarterly dividend of $0.24 per share, representing a 2.8% yield and a payout ratio of 21.52%.

Devon Energy Corporation (NYSE:DVN - Free Report) - Research analysts at Zacks Research upped their Q3 2025 EPS estimates for Devon Energy in a research report issued on Tuesday, August 19th. Zacks Research analyst Team now forecasts that the energy company will post earnings per share of $0.94 for the quarter, up from their prior forecast of $0.90. 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 Q4 2025 earnings at $1.01 EPS, FY2025 earnings at $4.00 EPS, Q1 2026 earnings at $1.02 EPS, Q3 2026 earnings at $1.01 EPS, Q4 2026 earnings at $1.07 EPS, FY2026 earnings at $4.05 EPS and FY2027 earnings at $4.83 EPS.

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

A number of other analysts also recently issued reports on the company. Scotiabank reaffirmed an "outperform" rating on shares of Devon Energy in a research report on Friday, July 11th. UBS Group boosted their price target on Devon Energy from $37.00 to $40.00 and gave the stock a "neutral" rating in a research report on Wednesday. Siebert Williams Shank increased their price objective on Devon Energy from $47.00 to $52.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Tudor, Pickering, Holt & Co. boosted their target price on shares of Devon Energy from $42.00 to $44.00 in a report on Thursday, July 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Devon Energy from $40.00 to $42.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Fifteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $44.15.

Devon Energy Trading Up 0.5%

Shares of NYSE:DVN opened at $33.7550 on Thursday. The company's 50-day moving average price is $33.26 and its two-hundred day moving average price is $33.13. Devon Energy has a one year low of $25.89 and a one year high of $46.04. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.22 and a quick ratio of 1.13. The stock has a market capitalization of $21.43 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of 1.92 and a beta of 1.07.

Devon Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, September 15th. This represents a $0.96 annualized dividend and a yield of 2.8%. Devon Energy's dividend payout ratio (DPR) is 21.52%.

Insider Activity

In other news, Director Kelt Kindick sold 7,685 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $33.46, for a total value of $257,140.10. Following the transaction, the director owned 31,801 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.71% of the stock is currently owned by corporate insiders.

Institutional Trading of Devon Energy

Institutional investors have recently added to or reduced their stakes in the company. Cantor Fitzgerald Investment Advisors L.P. grew its stake in shares of Devon Energy by 10.8% in the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 272,990 shares of the energy company's stock valued at $10,210,000 after acquiring an additional 26,519 shares in the last quarter. Merit Financial Group LLC raised its stake in Devon Energy by 209.5% in the 1st quarter. Merit Financial Group LLC now owns 22,679 shares of the energy company's stock worth $848,000 after purchasing an additional 15,351 shares in the last quarter. Autumn Glory Partners LLC boosted its holdings in Devon Energy by 93.6% in the 1st quarter. Autumn Glory Partners LLC now owns 41,368 shares of the energy company's stock valued at $1,547,000 after purchasing an additional 20,000 shares during the period. Intact Investment Management Inc. acquired a new position in shares of Devon Energy during the 1st quarter worth approximately $2,524,000. Finally, Praxis Investment Management Inc. increased its holdings in shares of Devon Energy by 41.8% during the first quarter. Praxis Investment Management Inc. now owns 47,000 shares of the energy company's stock worth $1,758,000 after purchasing an additional 13,860 shares during the period. 69.72% of the stock is currently owned by institutional investors.

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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