Devon Energy (DVN) Projected to Announce Earnings on Tuesday

Devon Energy (NYSE:DVN) is expected to issue its Q2 2026 results after the market closes on Tuesday, August 4th. Analysts expect Devon Energy to post earnings of $1.40 per share and revenue of $6.0104 billion for the quarter. Individuals may visit the the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Wednesday, August 5, 2026 at 11:00 AM ET.

Devon Energy (NYSE:DVN) last issued its quarterly earnings data on Tuesday, May 5th. The energy company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.02). The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $4.34 billion. Devon Energy had a return on equity of 15.22% and a net margin of 13.71%.The business’s revenue for the quarter was down 14.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 earnings per share. On average, analysts expect Devon Energy to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Devon Energy Stock Performance

Shares of Devon Energy stock opened at $45.08 on Monday. Devon Energy has a 52 week low of $31.47 and a 52 week high of $52.71. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average price of $43.64 and a 200-day moving average price of $44.69. The company has a market cap of $28.01 billion, a PE ratio of 12.56 and a beta of 0.38.

Devon Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.8%. This is an increase from Devon Energy’s previous quarterly dividend of $0.24. The ex-dividend date was Monday, June 15th. Devon Energy’s dividend payout ratio is currently 35.65%.

Insider Buying and Selling at Devon Energy

In other news, SVP Andrea Alexander sold 18,000 shares of Devon Energy stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $46.74, for a total transaction of $841,320.00. Following the sale, the senior vice president directly owned 138,529 shares in the company, valued at $6,474,845.46. The trade was a 11.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Adam M. Vela sold 24,342 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $47.21, for a total transaction of $1,149,185.82. Following the completion of the transaction, the senior vice president directly owned 130,540 shares in the company, valued at $6,162,793.40. This trade represents a 15.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 112,371 shares of company stock worth $5,258,059 in the last quarter. 4.58% of the stock is currently owned by company insiders.

Institutional Trading of Devon Energy

Large investors have recently added to or reduced their stakes in the stock. Garton & Associates Financial Advisors LLC bought a new position in shares of Devon Energy during the 4th quarter valued at approximately $29,000. DV Equities LLC purchased a new stake in shares of Devon Energy during the 4th quarter worth approximately $32,000. Palisade Asset Management LLC bought a new stake in shares of Devon Energy in the 3rd quarter worth approximately $60,000. Los Angeles Capital Management LLC bought a new stake in shares of Devon Energy in the 4th quarter worth approximately $99,000. Finally, Transamerica Financial Advisors LLC raised its holdings in shares of Devon Energy by 39.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 2,814 shares of the energy company’s stock worth $103,000 after purchasing an additional 799 shares during the period. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Analyst Upgrades and Downgrades

DVN has been the subject of a number of analyst reports. Wolfe Research set a $67.00 price target on Devon Energy and gave the company an “outperform” rating in a research report on Monday, June 22nd. Roth Capital reaffirmed a “buy” rating and set a $57.00 price objective on shares of Devon Energy in a report on Tuesday, April 28th. Jefferies Financial Group upped their target price on shares of Devon Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Morgan Stanley lowered their target price on shares of Devon Energy from $66.00 to $63.00 and set an “overweight” rating for the company in a report on Friday, June 26th. Finally, Barclays boosted their price target on shares of Devon Energy from $54.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $59.56.

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.