Q2 EPS Estimates for Devon Energy Reduced by Zacks Research

Devon Energy Corporation (NYSE:DVN) – Stock analysts at Zacks Research reduced their Q2 2026 earnings per share (EPS) estimates for Devon Energy in a research report issued on Wednesday, November 19th. Zacks Research analyst Team now forecasts that the energy company will earn $0.89 per share for the quarter, down from their previous forecast of $0.94. 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 2027 earnings at $1.04 EPS.

Other analysts have also issued reports about the company. Morgan Stanley cut their price target on Devon Energy from $49.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of Devon Energy in a research note on Wednesday. Susquehanna increased their price objective on Devon Energy from $40.00 to $42.00 and gave the company a “positive” rating in a report on Wednesday, November 12th. Roth Capital started coverage on Devon Energy in a report on Monday, October 13th. They set a “buy” rating and a $42.00 target price on the stock. Finally, BMO Capital Markets decreased their price target on Devon Energy from $51.00 to $50.00 in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.79.

Devon Energy Stock Performance

NYSE DVN opened at $35.18 on Thursday. The stock has a market cap of $22.07 billion, a PE ratio of 7.89, a PEG ratio of 2.49 and a beta of 1.01. Devon Energy has a fifty-two week low of $25.89 and a fifty-two week high of $39.65. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.22. The firm’s fifty day moving average price is $33.95 and its two-hundred day moving average price is $33.49.

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 18.59% and a net margin of 16.57%.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.

Hedge Funds Weigh In On Devon Energy

Several institutional investors have recently added to or reduced their stakes in 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. Savvy Advisors Inc. bought a new stake in shares of Devon Energy during the first quarter valued at approximately $384,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Devon Energy during the first quarter worth approximately $515,000. Stephens Inc. AR lifted its holdings in shares of Devon Energy by 90.4% in the 2nd quarter. Stephens Inc. AR now owns 72,546 shares of the energy company’s stock worth $2,308,000 after purchasing an additional 34,448 shares in the last quarter. Finally, Scott & Selber Inc. acquired a new stake in Devon Energy in the 2nd quarter valued at $2,455,000. 69.72% of the stock is owned by institutional investors and hedge funds.

Devon Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.96 annualized dividend and a yield of 2.7%. Devon Energy’s dividend payout ratio (DPR) is currently 22.59%.

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.