Zacks Research Expects Reduced Earnings for Devon Energy

Devon Energy Corporation (NYSE:DVN) – Zacks Research reduced their Q2 2026 earnings per share (EPS) estimates for shares of Devon Energy in a research note issued on Monday, March 2nd. Zacks Research analyst Team now anticipates that the energy company will post earnings of $0.79 per share for the quarter, down from their previous estimate of $0.89. Zacks Research has a “Strong Sell” rating on the stock. 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 Q4 2026 earnings at $0.72 EPS, Q4 2027 earnings at $0.91 EPS and FY2028 earnings at $4.06 EPS.

DVN has been the subject of several other research reports. Wolfe Research upped their target price on shares of Devon Energy from $57.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Wells Fargo & Company upped their price objective on Devon Energy from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, February 20th. The Goldman Sachs Group increased their target price on Devon Energy from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Susquehanna boosted their target price on Devon Energy from $47.00 to $52.00 and gave the stock a “positive” rating in a research report on Friday, February 20th. Finally, Mizuho set a $51.00 price target on Devon Energy in a research note on Tuesday, February 3rd. Twenty-three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.37.

Devon Energy Price Performance

Shares of DVN stock opened at $44.95 on Tuesday. The firm’s 50 day moving average price is $39.80 and its two-hundred day moving average price is $36.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.90 and a current ratio of 0.98. Devon Energy has a 52-week low of $25.89 and a 52-week high of $46.15. The stock has a market cap of $27.87 billion, a PE ratio of 10.78, a PEG ratio of 4.22 and a beta of 0.56.

Devon Energy (NYSE:DVN) last issued its earnings results on Tuesday, February 17th. The energy company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. The company had revenue of $17.19 billion for the quarter, compared to analyst estimates of $3.67 billion. Devon Energy had a net margin of 15.37% and a return on equity of 16.28%. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 EPS.

Devon Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, March 13th. Devon Energy’s payout ratio is 23.02%.

Institutional Trading of Devon Energy

Large investors have recently bought and sold shares of the business. Woodline Partners LP boosted its holdings in shares of Devon Energy by 98.8% in the first quarter. Woodline Partners LP now owns 115,780 shares of the energy company’s stock valued at $4,330,000 after buying an additional 57,555 shares during the period. Sivia Capital Partners LLC bought a new stake in Devon Energy in the 2nd quarter valued at $403,000. Hantz Financial Services Inc. boosted its stake in Devon Energy by 1,169.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,727 shares of the energy company’s stock worth $55,000 after purchasing an additional 1,591 shares during the period. Simon Quick Advisors LLC bought a new position in Devon Energy during the 2nd quarter worth about $275,000. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of Devon Energy by 63.3% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,411 shares of the energy company’s stock valued at $45,000 after purchasing an additional 547 shares during the period. 69.72% of the stock is owned by institutional investors.

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.