Q4 EPS Estimates for Devon Energy Reduced by Zacks Research

Devon Energy Co. (NYSE:DVN) – Analysts at Zacks Research cut their Q4 2026 earnings estimates for Devon Energy in a research report issued to clients and investors on Tuesday, March 25th. Zacks Research analyst J. Saha now expects that the energy company will earn $0.91 per share for the quarter, down from their previous estimate of $0.93. 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 FY2027 earnings at $4.43 EPS.

Several other equities analysts also recently weighed in on the stock. Mizuho reduced their target price on shares of Devon Energy from $51.00 to $47.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Williams Trading set a $50.00 target price on shares of Devon Energy in a research report on Wednesday, March 5th. 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. Citigroup reduced their target price on Devon Energy from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Finally, StockNews.com upgraded shares of Devon Energy from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $48.29.

Devon Energy Price Performance

Shares of NYSE:DVN opened at $36.95 on Thursday. Devon Energy has a fifty-two week low of $30.39 and a fifty-two week high of $55.09. The company’s 50-day moving average is $35.41 and its 200 day moving average is $36.92. The company has a market capitalization of $23.98 billion, a P/E ratio of 8.10, a price-to-earnings-growth ratio of 1.20 and a beta of 1.91. 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 (NYSE:DVN) last posted its earnings results on Tuesday, February 18th. The energy company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.00 by $0.16. Devon Energy had a net margin of 18.14% and a return on equity of 22.52%. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.25 billion.

Hedge Funds Weigh In On Devon Energy

Several hedge funds have recently added to or reduced their stakes in the stock. Great Valley Advisor Group Inc. raised its holdings in shares of Devon Energy by 17.4% in the third quarter. Great Valley Advisor Group Inc. now owns 7,226 shares of the energy company’s stock valued at $283,000 after buying an additional 1,073 shares during the last quarter. Cerity Partners LLC lifted its holdings in Devon Energy by 97.7% in the third quarter. Cerity Partners LLC now owns 208,596 shares of the energy company’s stock valued at $8,160,000 after acquiring an additional 103,094 shares during the period. Algert Global LLC boosted its holdings in Devon Energy by 15.5% during the third quarter. Algert Global LLC now owns 11,229 shares of the energy company’s stock worth $439,000 after buying an additional 1,510 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Devon Energy by 18.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 92,700 shares of the energy company’s stock valued at $3,627,000 after acquiring an additional 14,272 shares during the period. Finally, Loomis Sayles & Co. L P boosted its position in Devon Energy by 1,365.8% during the third quarter. Loomis Sayles & Co. L P now owns 14,321 shares of the energy company’s stock worth $560,000 after purchasing an additional 13,344 shares in the last quarter. 69.72% of the stock is currently owned by hedge funds and other institutional investors.

Devon Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date is Friday, March 14th. 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 yield of 2.60%. Devon Energy’s dividend payout ratio (DPR) is currently 21.05%.

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.