Devon Energy Q1 EPS Forecast Cut by Capital One Financial

Devon Energy Co. (NYSE:DVN) – Research analysts at Capital One Financial dropped their Q1 2025 earnings per share (EPS) estimates for shares of Devon Energy in a research note issued to investors on Tuesday, November 12th. Capital One Financial analyst P. Johnston now expects that the energy company will post earnings per share of $0.81 for the quarter, down from their prior forecast of $0.99. The consensus estimate for Devon Energy’s current full-year earnings is $4.86 per share. Capital One Financial also issued estimates for Devon Energy’s Q3 2025 earnings at $0.97 EPS and Q4 2025 earnings at $1.02 EPS.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. lowered their target price on shares of Devon Energy from $64.00 to $51.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. BMO Capital Markets dropped their price objective on Devon Energy from $52.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Mizuho reduced their target price on Devon Energy from $53.00 to $51.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. Morgan Stanley decreased their target price on Devon Energy from $55.00 to $51.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Finally, Scotiabank cut their price target on shares of Devon Energy from $60.00 to $48.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Devon Energy currently has an average rating of “Hold” and an average target price of $51.80.

Devon Energy Trading Up 0.6 %

Shares of DVN opened at $39.36 on Wednesday. The stock’s fifty day simple moving average is $40.15 and its 200-day simple moving average is $44.52. The firm has a market capitalization of $25.86 billion, a PE ratio of 7.30, a price-to-earnings-growth ratio of 1.19 and a beta of 2.03. Devon Energy has a 12-month low of $37.76 and a 12-month high of $55.09. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.61.

Devon Energy (NYSE:DVN) last posted its quarterly earnings data on Tuesday, November 5th. The energy company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.01. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.72 billion. Devon Energy had a return on equity of 24.73% and a net margin of 21.71%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.65 EPS.

Institutional Trading of Devon Energy

A number of institutional investors have recently made changes to their positions in the business. EnCap Energy Capital Fund XI L.P. bought a new stake in Devon Energy during the 3rd quarter worth about $461,857,000. EnCap Partners GP LLC bought a new stake in Devon Energy during the third quarter worth about $408,653,000. EnCap Energy Capital Fund X L.P. acquired a new position in Devon Energy during the third quarter valued at approximately $230,928,000. Vanguard Group Inc. grew its stake in Devon Energy by 3.5% in the first quarter. Vanguard Group Inc. now owns 76,457,056 shares of the energy company’s stock valued at $3,836,615,000 after purchasing an additional 2,559,039 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Devon Energy by 4,125.7% during the 3rd quarter. International Assets Investment Management LLC now owns 2,280,961 shares of the energy company’s stock worth $89,231,000 after purchasing an additional 2,226,983 shares during the last quarter. Institutional investors own 69.72% of the company’s stock.

Devon Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.24%. The ex-dividend date is Friday, December 13th. Devon Energy’s payout ratio is 16.33%.

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.