Zacks Research Cuts Earnings Estimates for Devon Energy

Devon Energy Co. (NYSE:DVN) – Stock analysts at Zacks Research lowered their Q4 2026 EPS estimates for shares of Devon Energy in a report issued on Tuesday, March 25th. Zacks Research analyst J. Saha now forecasts that the energy company will earn $0.91 per share for the quarter, down from their previous estimate of $0.93. 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 FY2027 earnings at $4.43 EPS.

Several other equities analysts have also recently weighed in on DVN. Piper Sandler boosted their price objective on Devon Energy from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. Raymond James cut their price objective on shares of Devon Energy from $54.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, March 10th. Williams Trading set a $50.00 price objective on Devon Energy in a report on Wednesday, March 5th. Cowen cut Devon Energy to a “hold” rating and reduced their target price for the stock from $46.00 to $45.00 in a research report on Tuesday, February 18th. Finally, Benchmark reissued a “buy” rating and issued a $44.00 price target on shares of Devon Energy in a report on Thursday, February 20th. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $48.29.

Devon Energy Stock Performance

DVN stock opened at $37.45 on Thursday. Devon Energy has a 12 month low of $30.39 and a 12 month high of $55.09. The firm has a 50 day moving average of $35.44 and a two-hundred day moving average of $36.92. The company has a market capitalization of $24.31 billion, a price-to-earnings ratio of 8.21, a P/E/G ratio of 1.20 and a beta of 1.91. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.57.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Legacy Investment Solutions LLC bought a new stake in shares of Devon Energy during the third quarter worth $8,002,000. Bridgewater Associates LP bought a new position in shares of Devon Energy in the 3rd quarter valued at about $9,426,000. Petrus Trust Company LTA raised its stake in shares of Devon Energy by 394.7% during the third quarter. Petrus Trust Company LTA now owns 21,827 shares of the energy company’s stock worth $854,000 after buying an additional 17,415 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. acquired a new position in Devon Energy in the fourth quarter valued at approximately $782,000. Finally, Fortem Financial Group LLC bought a new position in Devon Energy in the third quarter valued at approximately $583,000. Institutional investors own 69.72% of the company’s stock.

Devon Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.56%. This is a positive change from Devon Energy’s previous quarterly dividend of $0.22. Devon Energy’s dividend payout ratio (DPR) is currently 21.05%.

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.