Zacks Research Forecasts Increased Earnings for Devon Energy

Devon Energy Co. (NYSE:DVN - Free Report) - Stock analysts at Zacks Research boosted their Q1 2025 earnings estimates for Devon Energy in a research note issued to investors on Tuesday, March 4th. Zacks Research analyst J. Saha now expects that the energy company will earn $1.25 per share for the quarter, up from their prior estimate of $1.16. 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 Q2 2025 earnings at $1.20 EPS, Q3 2025 earnings at $1.34 EPS, Q4 2025 earnings at $1.11 EPS, FY2025 earnings at $4.89 EPS, Q1 2026 earnings at $1.14 EPS, Q2 2026 earnings at $1.25 EPS, Q3 2026 earnings at $1.16 EPS, FY2026 earnings at $4.49 EPS and FY2027 earnings at $4.60 EPS.

Devon Energy (NYSE:DVN - Get Free Report) last posted its earnings results on Tuesday, February 18th. The energy company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.16. The business had revenue of $4.40 billion for the quarter, compared to analysts' expectations of $4.25 billion. Devon Energy had a net margin of 18.14% and a return on equity of 22.52%.

A number of other equities analysts have also weighed in on the company. Williams Trading set a $50.00 target price on Devon Energy in a research note on Wednesday, March 5th. Mizuho decreased their price objective on shares of Devon Energy from $51.00 to $47.00 and set an "outperform" rating on the stock in a research report on Monday, December 16th. Raymond James dropped their target price on shares of Devon Energy from $54.00 to $46.00 and set an "outperform" rating for the company in a research report on Monday. Barclays increased their price target on shares of Devon Energy from $43.00 to $44.00 and gave the stock an "equal weight" rating in a report on Thursday, February 20th. Finally, Wolfe Research raised shares of Devon Energy from a "peer perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.58.

Devon Energy Price Performance

Shares of DVN stock traded down $0.53 on Thursday, reaching $34.18. The company's stock had a trading volume of 10,568,316 shares, compared to its average volume of 7,852,088. The company has a market capitalization of $22.18 billion, a P/E ratio of 7.49, a PEG ratio of 1.20 and a beta of 1.91. Devon Energy has a 12-month low of $30.39 and a 12-month high of $55.09. The stock's 50 day simple moving average is $35.24 and its 200-day simple moving average is $37.63. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.57.

Institutional Investors Weigh In On Devon Energy

Large investors have recently made changes to their positions in the business. EnCap Energy Capital Fund XI L.P. purchased a new stake in Devon Energy in the third quarter worth about $461,857,000. EnCap Partners GP LLC purchased a new stake in Devon Energy in the third quarter worth $408,653,000. EnCap Energy Capital Fund X L.P. bought a new position in Devon Energy in the third quarter worth $230,928,000. Vanguard Group Inc. lifted its position in 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 during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Devon Energy during the 4th quarter valued at $154,170,000. 69.72% of the stock is currently owned by institutional investors.

Devon Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.24 per share. This is a positive change from Devon Energy's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 2.81%. Devon Energy's dividend payout ratio is presently 21.05%.

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.