Zacks Research Increases Earnings Estimates for Devon Energy

Devon Energy Co. (NYSE:DVN) – Stock analysts at Zacks Research boosted their Q3 2025 earnings per share (EPS) estimates for Devon Energy in a research note issued to investors on Wednesday, January 29th. Zacks Research analyst J. Saha now anticipates that the energy company will post earnings per share of $1.21 for the quarter, up from their prior estimate of $1.16. The consensus estimate for Devon Energy’s current full-year earnings is $4.68 per share. Zacks Research also issued estimates for Devon Energy’s FY2025 earnings at $4.52 EPS, Q1 2026 earnings at $1.01 EPS and FY2026 earnings at $4.26 EPS.

Devon Energy (NYSE:DVN) last released its earnings results on Tuesday, November 5th. The energy company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.01. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Devon Energy had a return on equity of 24.73% and a net margin of 21.71%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.65 EPS.

A number of other equities research analysts have also recently commented on the stock. Jefferies Financial Group initiated coverage on shares of Devon Energy in a report on Thursday, October 3rd. They issued a “hold” rating and a $45.00 price target on the stock. Sanford C. Bernstein raised Devon Energy from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Wednesday, January 15th. Truist Financial decreased their price objective on Devon Energy from $43.00 to $42.00 and set a “hold” rating for the company in a report on Monday, January 13th. Scotiabank dropped their price objective on shares of Devon Energy from $60.00 to $48.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. downgraded shares of Devon Energy from an “overweight” rating to a “neutral” rating and set a $43.00 target price for the company. in a research note on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.45.

Devon Energy Stock Performance

Shares of DVN stock opened at $35.04 on Friday. Devon Energy has a 52 week low of $30.39 and a 52 week high of $55.09. The firm’s 50-day simple moving average is $35.00 and its two-hundred day simple moving average is $39.64. The firm has a market cap of $23.02 billion, a price-to-earnings ratio of 6.50, a P/E/G ratio of 1.10 and a beta of 2.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.11.

Devon Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were given a dividend of $0.22 per share. The ex-dividend date was Friday, December 13th. This represents a $0.88 annualized dividend and a yield of 2.51%. Devon Energy’s payout ratio is presently 16.33%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bridgewater Associates LP bought a new stake in Devon Energy during the third quarter worth about $9,426,000. Legacy Investment Solutions LLC bought a new stake in Devon Energy in the 3rd quarter worth approximately $8,002,000. Petrus Trust Company LTA boosted its stake in Devon Energy by 394.7% in the third quarter. Petrus Trust Company LTA now owns 21,827 shares of the energy company’s stock worth $854,000 after buying an additional 17,415 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Devon Energy by 6.3% during the third quarter. CIBC Asset Management Inc now owns 107,182 shares of the energy company’s stock worth $4,193,000 after acquiring an additional 6,358 shares in the last quarter. Finally, Smead Capital Management Inc. lifted its holdings in shares of Devon Energy by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 5,879,516 shares of the energy company’s stock worth $230,007,000 after acquiring an additional 198,193 shares during the last quarter. 69.72% of the stock is currently owned by hedge funds and other 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.