Devon Energy FY2025 EPS Increased by Capital One Financial

Devon Energy Corporation (NYSE:DVN) – Stock analysts at Capital One Financial upped their FY2025 EPS estimates for Devon Energy in a research note issued on Monday, November 10th. Capital One Financial analyst P. Johnston now forecasts that the energy company will post earnings of $3.90 per share for the year, up from their prior estimate of $3.86. The consensus estimate for Devon Energy’s current full-year earnings is $4.85 per share. Capital One Financial also issued estimates for Devon Energy’s Q1 2026 earnings at $0.92 EPS, Q2 2026 earnings at $1.00 EPS, Q3 2026 earnings at $1.08 EPS, Q4 2026 earnings at $1.16 EPS and FY2026 earnings at $4.17 EPS.

Several other brokerages have also recently issued reports on DVN. Barclays decreased their price target on shares of Devon Energy from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. Susquehanna reaffirmed a “positive” rating and set a $42.00 target price (up from $40.00) on shares of Devon Energy in a research report on Wednesday. Mizuho cut their target price on Devon Energy from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. Siebert Williams Shank reduced their price target on Devon Energy from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, Weiss Ratings downgraded Devon Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Devon Energy currently has a consensus rating of “Moderate Buy” and an average price target of $43.07.

Devon Energy Stock Performance

Shares of DVN stock opened at $35.15 on Wednesday. The firm has a market capitalization of $22.31 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 2.49 and a beta of 1.01. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55. The business’s 50-day moving average price is $33.90 and its 200-day moving average price is $33.32. Devon Energy has a 12 month low of $25.89 and a 12 month high of $39.74.

Devon Energy (NYSE:DVN) last released its quarterly earnings data on Wednesday, November 5th. The energy company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.11. The company had revenue of $0.00 million for the quarter, compared to the consensus estimate of $4.10 billion. Devon Energy had a return on equity of 18.59% and a net margin of 16.57%.During the same quarter last year, the business posted $1.10 EPS.

Devon Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, December 15th. Devon Energy’s payout ratio is presently 22.59%.

Hedge Funds Weigh In On Devon Energy

A number of institutional investors and hedge funds have recently modified their holdings of DVN. Envestnet Asset Management Inc. raised its stake in Devon Energy by 9.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 308,941 shares of the energy company’s stock worth $11,554,000 after buying an additional 25,631 shares during the period. Allworth Financial LP lifted its stake in shares of Devon Energy by 3.1% in the first quarter. Allworth Financial LP now owns 13,309 shares of the energy company’s stock valued at $498,000 after buying an additional 403 shares in the last quarter. Alps Advisors Inc. grew its holdings in shares of Devon Energy by 6.4% during the first quarter. Alps Advisors Inc. now owns 18,686 shares of the energy company’s stock valued at $699,000 after buying an additional 1,131 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Devon Energy by 27.6% during the first quarter. Cerity Partners LLC now owns 249,261 shares of the energy company’s stock valued at $9,322,000 after buying an additional 53,904 shares during the last quarter. Finally, Ballentine Partners LLC raised its holdings in shares of Devon Energy by 11.0% in the 1st quarter. Ballentine Partners LLC now owns 11,247 shares of the energy company’s stock worth $421,000 after acquiring an additional 1,118 shares during the last quarter. 69.72% of the stock is currently owned by institutional investors.

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.