Q3 EPS Estimates for Devon Energy Raised by Analyst

Key Points

• Analysts at Capital One Financial have raised their Q3 2025 earnings estimates for Devon Energy to $0.90 per share, reflecting a slight increase from the previous estimate of $0.89.
• The company's recent quarterly earnings report showed an EPS of $0.84, surpassing expectations, with revenue of $4.28 billion, which was higher than the anticipated $4.01 billion.
• Devon Energy has announced a quarterly dividend of $0.24 per share, reflecting an annualized yield of 3.0%.

Devon Energy Corporation (NYSE:DVN - Free Report) - Research analysts at Capital One Financial boosted their Q3 2025 earnings estimates for Devon Energy in a research note issued to investors on Wednesday, October 15th. Capital One Financial analyst P. Johnston now forecasts that the energy company will earn $0.90 per share for the quarter, up from their previous forecast of $0.89. 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 $0.91 EPS and FY2025 earnings at $3.86 EPS.

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

Several other research analysts have also recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Devon Energy from $42.00 to $43.00 and gave the company an "overweight" rating in a report on Tuesday, August 12th. Bernstein Bank reduced their target price on shares of Devon Energy from $45.00 to $43.00 and set an "outperform" rating for the company in a report on Monday, July 7th. Scotiabank restated an "outperform" rating on shares of Devon Energy in a report on Thursday, October 9th. Jefferies Financial Group increased their target price on shares of Devon Energy from $31.00 to $33.00 and gave the stock a "hold" rating in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. increased their target price on shares of Devon Energy from $40.00 to $42.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Seventeen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, Devon Energy presently has an average rating of "Moderate Buy" and an average target price of $43.68.

Devon Energy Stock Down 1.8%

Devon Energy stock opened at $32.01 on Friday. The stock has a market capitalization of $20.32 billion, a PE ratio of 7.18, a price-to-earnings-growth ratio of 1.95 and a beta of 1.03. Devon Energy has a twelve month low of $25.89 and a twelve month high of $41.06. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.55. The company has a 50 day moving average of $34.55 and a 200-day moving average of $32.98.

Institutional Trading of Devon Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. 180 Wealth Advisors LLC raised its position in Devon Energy by 1.8% during the third quarter. 180 Wealth Advisors LLC now owns 22,989 shares of the energy company's stock worth $806,000 after acquiring an additional 406 shares in the last quarter. PFS Partners LLC bought a new stake in Devon Energy during the third quarter worth $25,000. Polianta Ltd bought a new stake in Devon Energy during the third quarter worth $1,433,000. Blue Trust Inc. raised its position in Devon Energy by 20.6% during the third quarter. Blue Trust Inc. now owns 9,243 shares of the energy company's stock worth $324,000 after acquiring an additional 1,578 shares in the last quarter. Finally, CWM LLC raised its position in Devon Energy by 70.0% during the third quarter. CWM LLC now owns 336,861 shares of the energy company's stock worth $11,810,000 after acquiring an additional 138,717 shares in the last quarter. 69.72% of the stock is owned by institutional investors.

Insider Transactions at Devon Energy

In other Devon Energy news, Director Kelt Kindick sold 7,685 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $33.46, for a total transaction of $257,140.10. Following the sale, the director directly 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 legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.71% of the company's stock.

Devon Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, September 15th. Devon Energy's dividend payout ratio is 21.52%.

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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