FY2025 EPS Estimates for Devon Energy Boosted by Analyst

Devon Energy Corporation (NYSE:DVN) – Equities research analysts at Capital One Financial raised their FY2025 earnings estimates for shares of Devon Energy in a report released 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 previous forecast 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.

DVN has been the subject of several other research reports. Susquehanna reissued a “positive” rating and issued a $42.00 price objective (up previously from $40.00) on shares of Devon Energy in a report on Wednesday. Wells Fargo & Company cut their price target on shares of Devon Energy from $43.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, October 17th. UBS Group lifted their price objective on shares of Devon Energy from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. Raymond James Financial reaffirmed an “outperform” rating and issued a $45.00 target price (up from $40.00) on shares of Devon Energy in a report on Tuesday, July 22nd. Finally, Morgan Stanley cut their target price on shares of Devon Energy from $49.00 to $47.00 and set an “overweight” rating for the company in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.07.

Devon Energy Stock Up 3.6%

DVN stock opened at $35.15 on Wednesday. The company has a market cap of $22.31 billion, a price-to-earnings ratio of 7.88, a P/E/G ratio of 2.49 and a beta of 1.01. Devon Energy has a twelve month low of $25.89 and a twelve month high of $39.74. The business has a 50 day moving average price of $33.90 and a two-hundred day moving average price of $33.32. 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. Devon Energy had a return on equity of 18.59% and a net margin of 16.57%.The business had revenue of $0.00 million for the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the previous year, the business earned $1.10 earnings per share.

Devon Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th will be paid a dividend of $0.24 per share. 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 (DPR) is 22.59%.

Institutional Trading of Devon Energy

Several large investors have recently modified their holdings of DVN. Opal Wealth Advisors LLC acquired a new position in Devon Energy in the second quarter valued at about $25,000. Caldwell Trust Co bought a new stake in Devon Energy during the second quarter worth $25,000. PFS Partners LLC bought a new stake in Devon Energy during the third quarter worth $25,000. Banque Cantonale Vaudoise acquired a new stake in shares of Devon Energy in the 1st quarter valued at $26,000. Finally, First Horizon Corp bought a new position in shares of Devon Energy in the 3rd quarter valued at $26,000. 69.72% of the stock is owned by institutional investors and hedge funds.

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.