Zacks Research Has Negative View of Devon Energy Q1 Earnings

Devon Energy Co. (NYSE:DVN) – Research analysts at Zacks Research cut their Q1 2025 earnings per share (EPS) estimates for Devon Energy in a research note issued on Tuesday, March 25th. Zacks Research analyst J. Saha now expects that the energy company will post earnings of $1.24 per share for the quarter, down from their previous forecast of $1.25. 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 2025 earnings at $1.19 EPS, Q3 2025 earnings at $1.28 EPS, Q4 2025 earnings at $1.09 EPS, FY2025 earnings at $4.80 EPS, Q1 2026 earnings at $1.12 EPS, Q2 2026 earnings at $1.23 EPS, Q3 2026 earnings at $1.13 EPS and FY2026 earnings at $4.39 EPS.

Other equities research analysts have also recently issued research reports about the company. Wolfe Research upgraded Devon Energy from a “peer perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research note on Friday, January 3rd. Wells Fargo & Company reduced their price objective on shares of Devon Energy from $49.00 to $43.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Raymond James decreased their price target on Devon Energy from $54.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, March 10th. Cowen cut Devon Energy to a “hold” rating and cut their price objective for the stock from $46.00 to $45.00 in a research report on Tuesday, February 18th. Finally, Truist Financial boosted their target price on shares of Devon Energy from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Thursday, February 20th. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy 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 $48.29.

Devon Energy Stock Performance

Shares of DVN stock opened at $36.95 on Friday. The stock’s 50-day moving average price is $35.41 and its 200 day moving average price is $36.92. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $23.98 billion, a PE ratio of 8.10, a price-to-earnings-growth ratio of 1.20 and a beta of 1.91. Devon Energy has a 52-week low of $30.39 and a 52-week high of $55.09.

Devon Energy (NYSE:DVN) last released its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.00 by $0.16. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.25 billion. Devon Energy had a net margin of 18.14% and a return on equity of 22.52%.

Devon Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.24 per share. This is an increase from Devon Energy’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 2.60%. Devon Energy’s dividend payout ratio is presently 21.05%.

Institutional Trading of Devon Energy

Several hedge funds and other institutional investors have recently bought and sold shares of DVN. Great Valley Advisor Group Inc. boosted its holdings in shares of Devon Energy by 17.4% during the third quarter. Great Valley Advisor Group Inc. now owns 7,226 shares of the energy company’s stock worth $283,000 after purchasing an additional 1,073 shares during the last quarter. Cerity Partners LLC lifted its position in Devon Energy by 97.7% during the third quarter. Cerity Partners LLC now owns 208,596 shares of the energy company’s stock worth $8,160,000 after buying an additional 103,094 shares during the period. Algert Global LLC boosted its stake in Devon Energy by 15.5% in the 3rd quarter. Algert Global LLC now owns 11,229 shares of the energy company’s stock worth $439,000 after buying an additional 1,510 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Devon Energy by 18.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 92,700 shares of the energy company’s stock worth $3,627,000 after buying an additional 14,272 shares during the last quarter. Finally, Loomis Sayles & Co. L P grew its holdings in Devon Energy by 1,365.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 14,321 shares of the energy company’s stock valued at $560,000 after buying an additional 13,344 shares during the period. 69.72% of the stock is owned by hedge funds and other institutional investors.

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.