Devon Energy (NYSE:DVN) Releases Earnings Results

Devon Energy (NYSE:DVN) released 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 net margin of 15.37% and a return on equity of 16.28%.

Devon Energy Price Performance

NYSE DVN traded down $0.31 on Tuesday, hitting $50.95. The company had a trading volume of 14,863,458 shares, compared to its average volume of 13,555,538. Devon Energy has a 12-month low of $29.70 and a 12-month high of $52.71. The company’s fifty day moving average price is $47.09 and its 200-day moving average price is $40.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.90. The company has a market capitalization of $31.64 billion, a PE ratio of 12.22, a PEG ratio of 0.77 and a beta of 0.43.

Devon Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, March 13th. Devon Energy’s payout ratio is presently 23.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Tudor Pickering upgraded Devon Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Siebert Williams Shank lifted their target price on shares of Devon Energy from $46.00 to $50.00 and gave the company a “buy” rating in a report on Monday, January 26th. BMO Capital Markets lifted their target price on shares of Devon Energy from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, April 7th. Weiss Ratings raised shares of Devon Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 28th. Finally, Mizuho lifted their target price on shares of Devon Energy from $51.00 to $62.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Devon Energy presently has an average rating of “Moderate Buy” and an average price target of $55.59.

More Devon Energy News

Here are the key news stories impacting Devon Energy this week:

• Positive Sentiment: Shareholders approved the all‑stock merger with Coterra, clearing a key regulatory/approval hurdle and pushing the expected close to around May 7 — the deal increases scale, reserves and production diversification which could drive synergies and longer‑term free cash flow upside. Read More.
• Positive Sentiment: Raymond James upgraded DVN to “Strong Buy,” citing a clearer path to close Devon’s valuation gap with peers driven by strong free‑cash‑flow generation and strategic flexibility — this upgrade can attract buyer interest and support the stock. Read More.
• Neutral Sentiment: Broader analyst and trade press coverage is highlighting DVN as a value/earnings‑recovery candidate; Zacks and other outlets note the company’s attractive valuation metrics for value investors, which may sustain interest if fundamentals stabilize. Read More.
• Neutral Sentiment: Devon published its full Q1 release, supplemental tables, guidance and slide deck; investors should review the guidance and presentation for updated production, capex and synergies assumptions tied to the Coterra close. Read More.
• Negative Sentiment: Q1 results missed estimates: EPS $1.04 vs. $1.06 consensus and revenue $3.81B vs. $4.32B expected — the revenue shortfall and EPS miss are the main catalysts for the intraday weakness as investors react to weaker-than-expected top‑line performance. Read More.

Institutional Investors Weigh In On Devon Energy

Large investors have recently bought and sold shares of the company. Garton & Associates Financial Advisors LLC purchased a new stake in Devon Energy during the 4th quarter worth approximately $29,000. DV Equities LLC purchased a new stake in Devon Energy during the 4th quarter worth approximately $32,000. Palisade Asset Management LLC purchased a new stake in Devon Energy during the 3rd quarter worth approximately $60,000. Los Angeles Capital Management LLC purchased a new stake in Devon Energy during the 4th quarter worth approximately $99,000. Finally, Transamerica Financial Advisors LLC increased its stake in Devon Energy by 39.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 2,814 shares of the energy company’s stock worth $103,000 after buying an additional 799 shares in the last quarter. 69.72% of the stock is currently owned by hedge funds and other institutional investors.

About Devon Energy

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.