Q1 EPS Estimates for Devon Energy Lifted by Zacks Research

Devon Energy Corporation (NYSE:DVN) – Analysts at Zacks Research raised their Q1 2026 EPS estimates for Devon Energy in a research report issued to clients and investors on Tuesday, January 27th. Zacks Research analyst Team now anticipates that the energy company will post earnings of $0.96 per share for the quarter, up from their previous forecast of $0.95. Zacks Research currently has a “Strong Sell” rating on the stock. 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 2026 earnings at $0.96 EPS, Q4 2026 earnings at $0.87 EPS, FY2026 earnings at $3.68 EPS, Q1 2027 earnings at $1.09 EPS, Q2 2027 earnings at $1.06 EPS, Q3 2027 earnings at $1.18 EPS, Q4 2027 earnings at $1.12 EPS and FY2027 earnings at $4.45 EPS.

Several other research firms have also recently weighed in on DVN. Raymond James Financial increased their price objective on Devon Energy from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. The Goldman Sachs Group raised their price target on shares of Devon Energy from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Scotiabank cut shares of Devon Energy from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $47.00 to $41.00 in a research note on Thursday, January 15th. Benchmark restated a “buy” rating on shares of Devon Energy in a research report on Friday, January 16th. Finally, Susquehanna raised their target price on shares of Devon Energy from $42.00 to $45.00 and gave the stock a “positive” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $44.76.

Devon Energy Price Performance

Devon Energy stock opened at $39.47 on Wednesday. The company has a market capitalization of $24.76 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 3.64 and a beta of 0.60. The company has a current ratio of 0.96, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. Devon Energy has a 12 month low of $25.89 and a 12 month high of $39.57. The stock’s 50 day moving average is $36.72 and its 200-day moving average is $34.88.

Devon Energy (NYSE:DVN) last announced its quarterly earnings results on Wednesday, November 5th. The energy company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. The business had revenue of $0.00 million for the quarter, compared to analyst estimates of $4.10 billion. Devon Energy had a net margin of 15.56% and a return on equity of 18.14%. During the same quarter in the prior year, the business earned $1.10 EPS.

Devon Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were paid a dividend of $0.24 per share. The ex-dividend date was Monday, December 15th. This represents a $0.96 annualized dividend and a yield of 2.4%. Devon Energy’s dividend payout ratio is presently 22.59%.

Institutional Trading of Devon Energy

Institutional investors and hedge funds have recently modified their holdings of the business. TD Asset Management Inc raised its stake in Devon Energy by 6.4% during the 2nd quarter. TD Asset Management Inc now owns 267,322 shares of the energy company’s stock worth $8,504,000 after buying an additional 16,106 shares during the period. Greatmark Investment Partners Inc. lifted its holdings in shares of Devon Energy by 5.6% in the 3rd quarter. Greatmark Investment Partners Inc. now owns 571,925 shares of the energy company’s stock worth $20,052,000 after purchasing an additional 30,435 shares in the last quarter. Natixis grew its position in Devon Energy by 101.4% in the 2nd quarter. Natixis now owns 73,902 shares of the energy company’s stock valued at $2,351,000 after purchasing an additional 37,211 shares during the period. CWM LLC increased its stake in Devon Energy by 70.0% during the 3rd quarter. CWM LLC now owns 336,861 shares of the energy company’s stock valued at $11,810,000 after purchasing an additional 138,717 shares in the last quarter. Finally, Stephens Inc. AR raised its holdings in Devon Energy by 90.4% during the second quarter. Stephens Inc. AR now owns 72,546 shares of the energy company’s stock worth $2,308,000 after buying an additional 34,448 shares during the last quarter. 69.72% of the stock is currently owned by institutional investors.

Key Headlines Impacting Devon Energy

Here are the key news stories impacting Devon Energy this week:

• Positive Sentiment: Siebert Williams Shank raised its price target to $50 (from $46) and kept a Buy rating — a ~26.7% implied upside from the ~ $39.47 reference level; this upgrade is likely supporting upside momentum in the stock. Read More.
• Neutral Sentiment: Coverage/market commentary highlighting Devon’s relative strength and multi-year returns may attract momentum or retail interest, but these are descriptive pieces rather than new fundamentals. Read More.
• Neutral Sentiment: Longer-term performance write-up showing historical returns (e.g., hypothetical $1,000 over 5 years) provides context for investor sentiment but is unlikely to move the stock materially on its own. Read More.
• Neutral Sentiment: Small upward tweaks from Zacks on isolated quarters (e.g., Q1 2026 and Q2 2027 nudged higher) are mixed and do not offset broader downward revisions; treated as neutral in isolation.
• Negative Sentiment: Zacks Research cut several quarterly and full‑year EPS forecasts and lowered FY2027 (4.55 → 4.45) and FY2026 (3.71 → 3.68) estimates, while maintaining a “Strong Sell” rating — this is a negative catalyst that can pressure the stock by reducing near‑term earnings expectations and signaling analyst pessimism.

Devon Energy Company Profile

Devon Energy Corporation (NYSE: DVN) is an independent oil and gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company focuses on the exploration, development, production and marketing of hydrocarbons, including crude oil, natural gas liquids (NGLs) and natural gas. Devon operates as an upstream energy company that acquires, evaluates and develops onshore resource plays using a combination of drilling, completion and production optimization techniques.

Core business activities include identifying and developing energy reserves, operating well programs and managing reservoir performance to generate production and cash flow.