Devon Energy Q2 EPS Forecast Decreased by Zacks Research

Devon Energy Corporation (NYSE:DVN) – Equities researchers at Zacks Research cut their Q2 2026 earnings per share (EPS) estimates for Devon Energy in a report released on Wednesday, November 19th. Zacks Research analyst Team now forecasts that the energy company will post earnings of $0.89 per share for the quarter, down from their prior forecast of $0.94. 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 Q2 2027 earnings at $1.04 EPS.

Several other research firms also recently commented on DVN. BMO Capital Markets decreased their price target on shares of Devon Energy from $51.00 to $50.00 in a research note on Tuesday, November 11th. Piper Sandler cut their price objective on shares of Devon Energy from $57.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday. Susquehanna increased their target price on shares of Devon Energy from $40.00 to $42.00 and gave the stock a “positive” rating in a research report on Wednesday, November 12th. Morgan Stanley dropped their price target on shares of Devon Energy from $49.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, October 14th. Finally, UBS Group boosted their price target on Devon Energy from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Devon Energy currently has a consensus rating of “Moderate Buy” and an average target price of $43.79.

Devon Energy Stock Performance

Shares of NYSE DVN opened at $35.31 on Thursday. Devon Energy has a one year low of $25.89 and a one year high of $39.65. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.22 and a quick ratio of 1.13. The firm has a market cap of $22.15 billion, a price-to-earnings ratio of 7.92, a P/E/G ratio of 2.49 and a beta of 1.01. The stock’s fifty day moving average price is $33.96 and its two-hundred day moving average price is $33.48.

Devon Energy (NYSE:DVN) last announced its earnings results on Wednesday, November 5th. The energy company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. The company had revenue of $0.00 million for the quarter, compared to analyst estimates 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 company earned $1.10 earnings per share.

Devon Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors 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 dividend payout ratio is presently 22.59%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Aprio Wealth Management LLC boosted its stake in shares of Devon Energy by 4.1% in the 3rd quarter. Aprio Wealth Management LLC now owns 7,521 shares of the energy company’s stock valued at $264,000 after purchasing an additional 297 shares during the last quarter. Accredited Wealth Management LLC boosted its position in Devon Energy by 61.6% during the third quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock valued at $28,000 after acquiring an additional 308 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in Devon Energy by 2.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 12,620 shares of the energy company’s stock worth $442,000 after acquiring an additional 318 shares during the period. SVB Wealth LLC grew its holdings in Devon Energy by 4.1% during the 1st quarter. SVB Wealth LLC now owns 8,131 shares of the energy company’s stock worth $304,000 after acquiring an additional 321 shares during the period. Finally, Yousif Capital Management LLC raised its position in shares of Devon Energy by 0.4% in the 2nd quarter. Yousif Capital Management LLC now owns 87,272 shares of the energy company’s stock worth $2,776,000 after acquiring an additional 321 shares in the last quarter. Institutional investors own 69.72% of the company’s stock.

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.