Q1 EPS Estimates for Devon Energy Reduced by Zacks Research

Devon Energy Co. (NYSE:DVN - Free Report) - Analysts at Zacks Research decreased their Q1 2026 earnings per share estimates for Devon Energy in a research report issued on Monday, May 19th. Zacks Research analyst J. Saha now expects that the energy company will earn $0.93 per share for the quarter, down from their prior forecast of $1.11. 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 2026 earnings at $1.02 EPS, Q3 2026 earnings at $0.94 EPS, Q1 2027 earnings at $1.00 EPS and FY2027 earnings at $4.22 EPS.

Other equities research analysts also recently issued reports about the stock. Piper Sandler cut their target price on shares of Devon Energy from $56.00 to $53.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. JPMorgan Chase & Co. cut their price objective on Devon Energy from $48.00 to $42.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Truist Financial increased their price objective on Devon Energy from $42.00 to $44.00 and gave the company a "hold" rating in a research note on Thursday, February 20th. Wells Fargo & Company boosted their target price on Devon Energy from $44.00 to $46.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. Finally, Wall Street Zen upgraded Devon Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Ten analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $43.71.

Devon Energy Trading Up 0.0%

NYSE:DVN traded up $0.01 on Wednesday, reaching $31.15. 7,037,546 shares of the company's stock were exchanged, compared to its average volume of 8,640,839. The firm has a market capitalization of $20.00 billion, a price-to-earnings ratio of 6.83, a price-to-earnings-growth ratio of 1.20 and a beta of 1.00. Devon Energy has a 52-week low of $25.89 and a 52-week high of $49.35. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.57. The business has a fifty day moving average of $32.20 and a 200-day moving average of $34.33.

Devon Energy (NYSE:DVN - Get Free Report) last posted its earnings results on Tuesday, May 6th. The energy company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.06). Devon Energy had a return on equity of 22.52% and a net margin of 18.14%. The firm had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same period in the previous year, the company posted $1.16 EPS. Devon Energy's revenue was up 23.8% on a year-over-year basis.

Devon Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.08%. The ex-dividend date is Friday, June 13th. Devon Energy's dividend payout ratio (DPR) is 21.87%.

Institutional Investors Weigh In On Devon Energy

Several large investors have recently modified their holdings of DVN. Banque Cantonale Vaudoise purchased a new stake in Devon Energy in the 1st quarter valued at $26,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of Devon Energy in the first quarter valued at about $26,000. Hurley Capital LLC purchased a new stake in shares of Devon Energy in the fourth quarter valued at about $26,000. Rakuten Securities Inc. boosted its stake in shares of Devon Energy by 94.6% during the first quarter. Rakuten Securities Inc. now owns 833 shares of the energy company's stock worth $31,000 after buying an additional 405 shares during the period. Finally, Accredited Wealth Management LLC purchased a new position in shares of Devon Energy during the fourth quarter worth about $28,000. 69.72% of the stock is owned by institutional investors and hedge funds.

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.