Brokers Issue Forecasts for Devon Energy FY2026 Earnings

Devon Energy Co. (NYSE:DVN) – Equities research analysts at Scotiabank issued their FY2026 earnings per share estimates for Devon Energy in a research note issued on Wednesday, January 8th. Scotiabank analyst P. Cheng forecasts that the energy company will post earnings of $4.45 per share for the year. Scotiabank currently has a “Sector Outperform” rating and a $48.00 price objective on the stock. The consensus estimate for Devon Energy’s current full-year earnings is $4.79 per share.

Devon Energy (NYSE:DVN) last issued its quarterly earnings data on Tuesday, November 5th. The energy company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.01. Devon Energy had a return on equity of 24.73% and a net margin of 21.71%. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the previous year, the firm posted $1.65 earnings per share. The firm’s quarterly revenue was up 4.9% on a year-over-year basis.

A number of other analysts have also issued reports on DVN. Wolfe Research raised Devon Energy from a “peer perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Friday, January 3rd. Wells Fargo & Company dropped their target price on Devon Energy from $49.00 to $43.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Mizuho dropped their target price on Devon Energy from $51.00 to $47.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Evercore ISI dropped their target price on Devon Energy from $55.00 to $50.00 and set an “in-line” rating on the stock in a research report on Monday, September 30th. Finally, Jefferies Financial Group began coverage on Devon Energy in a report on Thursday, October 3rd. They issued a “hold” rating and a $45.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $49.81.

Devon Energy Stock Up 1.3 %

Shares of NYSE DVN opened at $35.15 on Friday. Devon Energy has a 1 year low of $30.39 and a 1 year high of $55.09. The firm has a market cap of $23.09 billion, a price-to-earnings ratio of 6.52, a PEG ratio of 1.10 and a beta of 2.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.11. The stock’s 50-day simple moving average is $35.67 and its 200-day simple moving average is $40.73.

Devon Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were given a dividend of $0.22 per share. The ex-dividend date was Friday, December 13th. This represents a $0.88 annualized dividend and a dividend yield of 2.50%. Devon Energy’s dividend payout ratio is presently 16.33%.

Hedge Funds Weigh In On Devon Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. William B. Walkup & Associates Inc. acquired a new position in shares of Devon Energy during the second quarter worth approximately $1,026,000. Legacy Investment Solutions LLC acquired a new position in shares of Devon Energy during the third quarter worth approximately $8,002,000. Bridgewater Associates LP acquired a new position in shares of Devon Energy during the third quarter worth approximately $9,426,000. Petrus Trust Company LTA lifted its position in Devon Energy by 394.7% in the third quarter. Petrus Trust Company LTA now owns 21,827 shares of the energy company’s stock worth $854,000 after purchasing an additional 17,415 shares during the period. Finally, CIBC Asset Management Inc lifted its position in Devon Energy by 6.3% in the third quarter. CIBC Asset Management Inc now owns 107,182 shares of the energy company’s stock worth $4,193,000 after purchasing an additional 6,358 shares during the period. 69.72% of the stock is currently owned by institutional investors and hedge funds.

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.