Q4 EPS Estimates for Devon Energy Decreased by Analyst

Devon Energy Corporation (NYSE:DVN) – Investment analysts at Capital One Financial lowered their Q4 2025 EPS estimates for Devon Energy in a research note issued on Monday, November 10th. Capital One Financial analyst P. Johnston now expects that the energy company will post earnings of $0.81 per share for the quarter, down from their previous forecast of $0.91. 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 FY2027 earnings at $4.98 EPS.

DVN has been the topic of several other research reports. William Blair initiated coverage on shares of Devon Energy in a research note on Monday, August 25th. They issued an “outperform” rating on the stock. Susquehanna upped their price target on shares of Devon Energy from $40.00 to $42.00 and gave the stock a “positive” rating in a report on Wednesday. Scotiabank reiterated an “outperform” rating on shares of Devon Energy in a report on Thursday, October 9th. Wells Fargo & Company reduced their target price on shares of Devon Energy from $43.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, October 17th. Finally, Barclays dropped their price objective on Devon Energy from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Devon Energy presently has an average rating of “Moderate Buy” and an average target price of $43.07.

Devon Energy Price Performance

DVN stock traded up $0.32 during mid-day trading on Thursday, hitting $35.54. The company had a trading volume of 1,724,318 shares, compared to its average volume of 8,546,889. The company has a 50-day moving average price of $33.91 and a 200 day moving average price of $33.33. Devon Energy has a 12-month low of $25.89 and a 12-month high of $39.74. The company has a market capitalization of $22.29 billion, a price-to-earnings ratio of 7.97, a P/E/G ratio of 2.49 and a beta of 1.01. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.55.

Devon Energy (NYSE:DVN) last released its earnings results on Wednesday, November 5th. The energy company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. Devon Energy had a net margin of 16.57% and a return on equity of 18.59%. The company had revenue of $0.00 million for the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter last year, the business earned $1.10 EPS.

Institutional Investors Weigh In On Devon Energy

Large investors have recently modified their holdings of the business. AQR Capital Management LLC raised its holdings in shares of Devon Energy by 78.7% during the 2nd quarter. AQR Capital Management LLC now owns 6,360,499 shares of the energy company’s stock worth $202,327,000 after acquiring an additional 2,802,137 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Devon Energy by 81.1% in the first quarter. Ameriprise Financial Inc. now owns 5,029,987 shares of the energy company’s stock valued at $188,131,000 after buying an additional 2,252,918 shares in the last quarter. Vanguard Group Inc. increased its stake in Devon Energy by 2.6% during the first quarter. Vanguard Group Inc. now owns 82,780,738 shares of the energy company’s stock worth $3,096,000,000 after purchasing an additional 2,098,568 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in Devon Energy by 83.9% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 4,568,092 shares of the energy company’s stock worth $145,311,000 after buying an additional 2,083,600 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Devon Energy in the first quarter valued at $69,975,000. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Devon Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, December 15th. Devon Energy’s dividend payout ratio is currently 22.59%.

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.