FY2026 EPS Estimates for Devon Energy Increased by Analyst

Devon Energy Co. (NYSE:DVN) – Analysts at Capital One Financial lifted their FY2026 earnings per share (EPS) estimates for Devon Energy in a research report issued on Wednesday, March 5th. Capital One Financial analyst P. Johnston now anticipates that the energy company will post earnings of $5.26 per share for the year, up from their previous estimate of $4.66. The consensus estimate for Devon Energy’s current full-year earnings is $4.85 per share.

Devon Energy (NYSE:DVN) last announced its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.16. Devon Energy had a return on equity of 22.52% and a net margin of 18.14%. The business had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.25 billion.

Several other brokerages have also recently weighed in on DVN. Citigroup cut shares of Devon Energy from a “buy” rating to a “reduce” rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. lowered shares of Devon Energy from an “overweight” rating to a “neutral” rating and set a $43.00 target price for the company. in a report on Thursday, December 5th. Truist Financial boosted their price target on Devon Energy from $42.00 to $44.00 and gave the company a “hold” rating in a report on Thursday, February 20th. StockNews.com upgraded Devon Energy from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Finally, Sanford C. Bernstein raised Devon Energy from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research note on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $48.58.

Devon Energy Stock Up 0.5 %

Shares of Devon Energy stock opened at $34.40 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.01 and a current ratio of 1.04. Devon Energy has a 52-week low of $30.39 and a 52-week high of $55.09. The company’s 50 day moving average price is $35.32 and its 200-day moving average price is $37.49. The stock has a market capitalization of $22.32 billion, a price-to-earnings ratio of 7.54, a P/E/G ratio of 1.20 and a beta of 1.91.

Devon Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.24 dividend. This is a boost from Devon Energy’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Friday, March 14th. Devon Energy’s payout ratio is currently 21.05%.

Institutional Trading of Devon Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hurley Capital LLC bought a new stake in shares of Devon Energy in the 4th quarter worth $26,000. Accredited Wealth Management LLC bought a new position in Devon Energy in the 4th quarter worth $28,000. Capital Performance Advisors LLP purchased a new position in shares of Devon Energy during the 3rd quarter valued at about $35,000. Cromwell Holdings LLC grew its stake in shares of Devon Energy by 98.0% during the 4th quarter. Cromwell Holdings LLC now owns 1,208 shares of the energy company’s stock valued at $40,000 after acquiring an additional 598 shares during the period. Finally, Sierra Ocean LLC purchased a new stake in Devon Energy in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Devon Energy Company Profile

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.