Q2 EPS Estimates for Devon Energy Reduced by Zacks Research

Devon Energy Corporation (NYSE:DVN) – Equities research analysts at Zacks Research decreased their Q2 2025 earnings per share estimates for Devon Energy in a note issued to investors on Thursday, June 12th. Zacks Research analyst J. Saha now expects that the energy company will post earnings per share of $0.83 for the quarter, down from their previous estimate of $0.89. 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 Q3 2025 earnings at $0.89 EPS, Q4 2025 earnings at $0.90 EPS, FY2025 earnings at $3.83 EPS and Q1 2027 earnings at $0.99 EPS.

A number of other equities research analysts have also weighed in on DVN. Barclays boosted their target price on Devon Energy from $38.00 to $40.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 7th. Piper Sandler lowered their target price on Devon Energy from $56.00 to $53.00 and set an “overweight” rating for the company in a research note on Tuesday, May 13th. Citigroup lowered their target price on Devon Energy from $46.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, April 4th. JPMorgan Chase & Co. lowered their target price on Devon Energy from $48.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Finally, Truist Financial boosted their target price on Devon Energy from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Thursday, February 20th. Ten equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.50.

Devon Energy Trading Up 0.3%

Shares of DVN stock opened at $34.72 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average price of $31.61 and a two-hundred day moving average price of $33.58. Devon Energy has a 12-month low of $25.89 and a 12-month high of $49.35. The firm has a market cap of $22.29 billion, a P/E ratio of 7.91, a price-to-earnings-growth ratio of 2.58 and a beta of 1.02.

Devon Energy (NYSE:DVN) last issued its quarterly 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 21.90% and a net margin of 16.60%. The firm had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same period last year, the firm earned $1.16 EPS. The company’s revenue for the quarter was up 23.8% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Resona Asset Management Co. Ltd. purchased a new position in shares of Devon Energy during the 4th quarter worth approximately $5,967,000. New York State Teachers Retirement System grew its holdings in shares of Devon Energy by 4.5% during the 4th quarter. New York State Teachers Retirement System now owns 736,351 shares of the energy company’s stock worth $24,101,000 after acquiring an additional 31,520 shares during the period. Merit Financial Group LLC grew its holdings in shares of Devon Energy by 209.5% during the 1st quarter. Merit Financial Group LLC now owns 22,679 shares of the energy company’s stock worth $848,000 after acquiring an additional 15,351 shares during the period. Aviva PLC grew its holdings in shares of Devon Energy by 767.3% during the 4th quarter. Aviva PLC now owns 376,999 shares of the energy company’s stock worth $12,339,000 after acquiring an additional 333,530 shares during the period. Finally, Ninepoint Partners LP grew its holdings in shares of Devon Energy by 12.5% during the 4th quarter. Ninepoint Partners LP now owns 450,000 shares of the energy company’s stock worth $14,728,000 after acquiring an additional 50,000 shares during the period. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Devon Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.76%. Devon Energy’s dividend payout ratio (DPR) is 21.87%.

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.