William Blair Estimates Devon Energy Q3 Earnings

Key Points

• William Blair estimates Devon Energy's Q3 2025 earnings per share at $0.82, maintaining an "Outperform" rating for the stock.
• Devon Energy has a quarterly dividend of $0.24 per share, representing an annualized dividend yield of 2.7% and a payout ratio of 21.52%.
• The stock currently has a consensus rating of "Moderate Buy" among analysts, with a target price of $44.15.

Devon Energy Corporation (NYSE:DVN - Free Report) - Equities research analysts at William Blair issued their Q3 2025 EPS estimates for Devon Energy in a report issued on Sunday, August 24th. William Blair analyst N. Dingmann expects that the energy company will earn $0.82 per share for the quarter. William Blair has a "Outperform" rating on the stock. The consensus estimate for Devon Energy's current full-year earnings is $4.85 per share. William Blair also issued estimates for Devon Energy's Q4 2025 earnings at $0.82 EPS, FY2025 earnings at $3.69 EPS, FY2026 earnings at $4.19 EPS, FY2027 earnings at $5.64 EPS, FY2028 earnings at $6.40 EPS and FY2029 earnings at $6.41 EPS.

A number of other research analysts have also issued reports on DVN. Tudor, Pickering, Holt & Co. upped their price target on shares of Devon Energy from $42.00 to $44.00 in a research note on Thursday, July 3rd. Piper Sandler cut their price target on shares of Devon Energy from $58.00 to $57.00 and set an "overweight" rating on the stock in a research note on Thursday, August 14th. Wall Street Zen upgraded shares of Devon Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Morgan Stanley upped their price target on shares of Devon Energy from $46.00 to $49.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Finally, Jefferies Financial Group increased their price objective on shares of Devon Energy from $31.00 to $33.00 and gave the stock a "hold" rating in a research note on Monday, July 14th. Sixteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Devon Energy currently has an average rating of "Moderate Buy" and a consensus target price of $44.15.

Devon Energy Stock Performance

Devon Energy stock traded up $0.24 during mid-day trading on Wednesday, reaching $36.12. 6,145,109 shares of the company traded hands, compared to its average volume of 7,663,312. 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 $45.34. The company has a market capitalization of $22.93 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 2.08 and a beta of 1.07. The firm's fifty day moving average is $33.39 and its two-hundred day moving average is $33.19.

Devon Energy (NYSE:DVN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The energy company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the business posted $1.41 EPS. Devon Energy's revenue for the quarter was up 9.4% compared to the same quarter last year.

Institutional Trading of Devon Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new stake in Devon Energy during the first quarter valued at $26,000. Financial Gravity Asset Management Inc. purchased a new position in Devon Energy during the first quarter valued at $26,000. Opal Wealth Advisors LLC purchased a new position in Devon Energy during the second quarter valued at $25,000. Rakuten Securities Inc. lifted its holdings in Devon Energy by 94.6% during the first quarter. Rakuten Securities Inc. now owns 833 shares of the energy company's stock valued at $31,000 after purchasing an additional 405 shares in the last quarter. Finally, Accredited Wealth Management LLC purchased a new position in Devon Energy during the fourth quarter valued at $28,000. Institutional investors and hedge funds own 69.72% of the company's stock.

Insider Buying and Selling

In related news, Director Kelt Kindick sold 7,685 shares of the firm'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 owned 31,801 shares in the company, valued at approximately $1,064,061.46. This trade represents a 19.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.71% of the company's stock.

Devon Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, September 15th. Devon Energy's dividend payout ratio (DPR) is currently 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.