Devon Energy (NYSE:DVN – Get Free Report) posted its quarterly earnings data on Tuesday. The energy company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.02), Zacks reports. The company had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $4.32 billion. Devon Energy had a return on equity of 16.28% and a net margin of 15.37%.The firm’s revenue was down 14.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS.
Devon Energy Trading Down 0.6%
Shares of NYSE DVN traded down $0.31 during mid-day trading on Tuesday, hitting $50.95. The company’s stock had a trading volume of 14,863,458 shares, compared to its average volume of 12,082,194. The stock has a market cap of $31.64 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 0.78 and a beta of 0.43. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.90. Devon Energy has a one year low of $29.70 and a one year high of $52.71. The company’s fifty day simple moving average is $47.22 and its 200-day simple moving average is $40.63.
Devon Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.9%. Devon Energy’s dividend payout ratio is currently 23.02%.
Hedge Funds Weigh In On Devon Energy
Analyst Upgrades and Downgrades
DVN has been the subject of a number of recent analyst reports. Scotiabank raised their price objective on shares of Devon Energy from $41.00 to $46.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Benchmark reiterated a “buy” rating on shares of Devon Energy in a report on Friday, January 16th. Wells Fargo & Company reissued an “overweight” rating and issued a $66.00 target price on shares of Devon Energy in a research note on Monday, April 20th. Raymond James Financial raised shares of Devon Energy from an “outperform” rating to a “strong-buy” rating and set a $72.00 price objective for the company in a report on Tuesday. Finally, Jefferies Financial Group lifted their price target on shares of Devon Energy from $44.00 to $53.00 and gave the company a “hold” rating in a report on Monday, April 13th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $55.59.
Check Out Our Latest Analysis on Devon Energy
More Devon Energy News
Here are the key news stories impacting Devon Energy this week:
- Positive Sentiment: Shareholders of both Devon and Coterra approved the all-stock merger; the deal is expected to close around May 7, 2026, which should expand Devon’s scale and asset base. Devon Energy and Coterra Energy Shareholders Approve Merger
- Positive Sentiment: Raymond James upgraded DVN to “Strong Buy,” highlighting strong free cash?flow generation, strategic flexibility, and potential to close valuation gaps with peers — a bullish analyst catalyst that can support the shares over time. Raymond James upgrades Devon Energy to ‘Strong Buy’
- Neutral Sentiment: Devon released its Q1 results and provided Q2 outlook materials and a slide deck; investors will be watching the conference call and guidance details for clarity on production, hedges and cash?flow assumptions. Devon Energy Reports First-Quarter 2026 Results
- Neutral Sentiment: Some outlets note Devon’s valuation and value?stock characteristics, keeping it on radar screens for value investors even amid mixed near?term results. Here’s Why Devon Energy (DVN) is a Strong Value Stock
- Negative Sentiment: Q1 reported EPS was $1.04 — roughly in line with some estimates but cited as a slight miss of the broader consensus (~$1.06). That mixed beat/miss dynamic reduced positive momentum. Devon Energy misses first-quarter profit estimates on production slide
- Negative Sentiment: Revenue came in at ~$3.81B versus analyst expectations near ~$4.3B, and the company reported a production slide and revenue down ~14.5% year?over?year — the revenue and production misses are the main near?term negative catalysts. Devon Energy beats Q1 earnings estimates, but misses on revenue
- Negative Sentiment: Multiple outlets reported shares slipped after the quarter, reflecting investor focus on the revenue shortfall and operational weakness despite the merger and upgrade. Devon Energy misses earnings and revenue estimates; shares slip
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.
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