Zacks Research Has Positive View of Devon Energy Q1 Earnings

Devon Energy Co. (NYSE:DVN) – Equities research analysts at Zacks Research upped their Q1 2025 earnings per share (EPS) estimates for Devon Energy in a report released on Monday, January 6th. Zacks Research analyst J. Saha now forecasts that the energy company will post earnings of $1.12 per share for the quarter, up from their prior forecast of $1.11. The consensus estimate for Devon Energy’s current full-year earnings is $4.79 per share. Zacks Research also issued estimates for Devon Energy’s Q3 2025 earnings at $1.15 EPS, Q4 2025 earnings at $1.02 EPS, FY2025 earnings at $4.38 EPS, Q3 2026 earnings at $1.09 EPS, Q4 2026 earnings at $1.01 EPS and FY2026 earnings at $4.09 EPS.

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

Several other analysts have also recently weighed in on DVN. Wolfe Research raised Devon Energy from a “peer perform” rating to an “outperform” rating and set a $45.00 price target for the company in a report on Friday, January 3rd. TD Cowen lowered their price target on shares of Devon Energy from $54.00 to $46.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. Susquehanna dropped their price objective on shares of Devon Energy from $63.00 to $62.00 and set a “positive” rating for the company in a research note on Friday, October 18th. Morgan Stanley decreased their target price on shares of Devon Energy from $55.00 to $51.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Finally, Barclays dropped their price target on shares of Devon Energy from $55.00 to $46.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $49.81.

Devon Energy Price Performance

Shares of DVN opened at $35.15 on Thursday. The company’s 50-day moving average is $35.74 and its 200-day moving average is $40.77. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.11 and a quick ratio of 1.01. The firm has a market capitalization of $23.09 billion, a PE ratio of 6.52, a PEG ratio of 1.10 and a beta of 2.00. Devon Energy has a fifty-two week low of $30.39 and a fifty-two week high of $55.09.

Institutional Trading of Devon Energy

A number of hedge funds have recently made changes to their positions in the company. EnCap Energy Capital Fund XI L.P. bought a new position in Devon Energy in the 3rd quarter valued at approximately $461,857,000. EnCap Partners GP LLC acquired a new position in Devon Energy in the 3rd quarter valued at approximately $408,653,000. EnCap Energy Capital Fund X L.P. acquired a new position in shares of Devon Energy during the third quarter worth $230,928,000. International Assets Investment Management LLC lifted its holdings in shares of Devon Energy by 4,125.7% during the third quarter. International Assets Investment Management LLC now owns 2,280,961 shares of the energy company’s stock worth $89,231,000 after purchasing an additional 2,226,983 shares during the period. Finally, Pacer Advisors Inc. grew its stake in shares of Devon Energy by 16.9% in the third quarter. Pacer Advisors Inc. now owns 11,591,168 shares of the energy company’s stock worth $453,446,000 after purchasing an additional 1,677,652 shares during the last quarter. 69.72% of the stock is owned by institutional investors and hedge funds.

Devon Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.88 dividend on an annualized basis and a yield of 2.50%. Devon Energy’s payout ratio is presently 16.33%.

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.