Zacks Research Increases Earnings Estimates for Devon Energy

Devon Energy Corporation (NYSE:DVN) – Investment analysts at Zacks Research lifted their FY2025 earnings per share (EPS) estimates for shares of Devon Energy in a research report issued to clients and investors on Tuesday, December 16th. Zacks Research analyst Team now expects that the energy company will post earnings per share of $3.94 for the year, up from their previous estimate of $3.93. 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 Q4 2025 earnings at $0.85 EPS and Q1 2026 earnings at $0.95 EPS.

A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Devon Energy from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $49.00 to $44.00 in a research report on Monday, December 8th. Argus raised shares of Devon Energy to a “strong-buy” rating in a research note on Wednesday, November 26th. UBS Group upgraded Devon Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $40.00 to $46.00 in a research note on Friday, December 12th. Evercore ISI raised their price objective on Devon Energy from $34.00 to $37.00 and gave the company an “in-line” rating in a report on Monday, October 6th. Finally, Royal Bank Of Canada set a $42.00 target price on Devon Energy and gave the stock a “sector perform” rating in a report on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.86.

Devon Energy Stock Down 3.3%

DVN stock opened at $35.74 on Friday. The firm has a 50-day moving average price of $34.74 and a 200-day moving average price of $34.18. Devon Energy has a 12 month low of $25.89 and a 12 month high of $38.88. The company has a current ratio of 0.96, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $22.42 billion, a P/E ratio of 8.41, a price-to-earnings-growth ratio of 2.80 and a beta of 0.62.

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. Devon Energy had a return on equity of 18.14% and a net margin of 15.56%.The business had revenue of $0.00 million for the quarter, compared to analyst estimates of $4.10 billion. During the same period last year, the firm posted $1.10 earnings per share.

Devon Energy Dividend Announcement

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

Hedge Funds Weigh In On Devon Energy

A number of hedge funds have recently bought and sold shares of DVN. Aprio Wealth Management LLC boosted its holdings in Devon Energy by 4.1% during the third quarter. Aprio Wealth Management LLC now owns 7,521 shares of the energy company’s stock worth $264,000 after buying an additional 297 shares in the last quarter. Accredited Wealth Management LLC raised its position in shares of Devon Energy by 61.6% in the third quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock worth $28,000 after acquiring an additional 308 shares during the period. Lindenwold Advisors INC boosted its stake in shares of Devon Energy by 1.2% during the 3rd quarter. Lindenwold Advisors INC now owns 27,094 shares of the energy company’s stock worth $950,000 after acquiring an additional 314 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in shares of Devon Energy by 2.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 12,620 shares of the energy company’s stock valued at $442,000 after acquiring an additional 318 shares during the period. Finally, SVB Wealth LLC grew its position in shares of Devon Energy by 4.1% during the 1st quarter. SVB Wealth LLC now owns 8,131 shares of the energy company’s stock valued at $304,000 after acquiring an additional 321 shares during the period. 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.