Q1 EPS Estimates for Devon Energy Lifted by Zacks Research

Devon Energy Corporation (NYSE:DVN) – Analysts at Zacks Research increased their Q1 2027 EPS estimates for shares of Devon Energy in a report issued on Tuesday, December 16th. Zacks Research analyst Team now anticipates that the energy company will post earnings of $1.15 per share for the quarter, up from their previous estimate of $1.14. 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 $1.03 EPS, Q3 2027 earnings at $1.20 EPS and FY2027 earnings at $4.55 EPS.

Devon Energy (NYSE:DVN) last posted its quarterly earnings data on Wednesday, November 5th. The energy company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. The company had revenue of $0.00 million during the quarter, compared to the consensus estimate of $4.10 billion. Devon Energy had a net margin of 15.56% and a return on equity of 18.14%. During the same period in the prior year, the business posted $1.10 EPS.

Several other equities analysts have also recently weighed in on DVN. UBS Group raised shares of Devon Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $40.00 to $46.00 in a research note on Friday, December 12th. Barclays decreased their price objective on shares of Devon Energy from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. Evercore ISI boosted their price objective on shares of Devon Energy from $34.00 to $37.00 and gave the stock an “in-line” rating in a research note on Monday, October 6th. Scotiabank reiterated an “outperform” rating on shares of Devon Energy in a research note on Thursday, October 9th. Finally, Argus raised Devon Energy to a “strong-buy” rating in a research report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.86.

Devon Energy Stock Performance

Shares of NYSE DVN opened at $36.92 on Thursday. The stock has a 50 day moving average price of $34.72 and a 200 day moving average price of $34.17. Devon Energy has a 52 week low of $25.89 and a 52 week high of $38.88. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 0.96. The stock has a market capitalization of $23.16 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 2.66 and a beta of 0.62.

Institutional Investors Weigh In On Devon Energy

Several hedge funds have recently bought and sold shares of the stock. Aprio Wealth Management LLC increased its holdings in Devon Energy by 4.1% in the 3rd quarter. Aprio Wealth Management LLC now owns 7,521 shares of the energy company’s stock worth $264,000 after buying an additional 297 shares during the period. Accredited Wealth Management LLC boosted its holdings in shares of Devon Energy by 61.6% in the 3rd quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock valued at $28,000 after acquiring an additional 308 shares during the last quarter. Lindenwold Advisors INC increased its stake in shares of Devon Energy by 1.2% in the third quarter. Lindenwold Advisors INC now owns 27,094 shares of the energy company’s stock worth $950,000 after acquiring an additional 314 shares during the period. OneDigital Investment Advisors LLC raised its holdings in shares of Devon Energy by 2.6% during the third quarter. OneDigital Investment Advisors LLC now owns 12,620 shares of the energy company’s stock worth $442,000 after purchasing an additional 318 shares during the last quarter. Finally, SVB Wealth LLC raised its holdings in shares of Devon Energy by 4.1% during the first quarter. SVB Wealth LLC now owns 8,131 shares of the energy company’s stock worth $304,000 after purchasing an additional 321 shares during the last quarter. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Devon Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be paid a $0.24 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.96 dividend on an annualized basis and a yield of 2.6%. Devon Energy’s dividend payout ratio is 22.59%.

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.