Brokers Offer Predictions for Devon Energy Q1 Earnings

Devon Energy Co. (NYSE:DVN) – Investment analysts at Capital One Financial lifted their Q1 2025 EPS estimates for Devon Energy in a research note issued to investors on Thursday, April 17th. Capital One Financial analyst P. Johnston now expects that the energy company will post earnings of $1.24 per share for the quarter, up from their previous estimate of $1.19. The consensus estimate for Devon Energy’s current full-year earnings is $4.85 per share.

Several other research analysts have also recently issued reports on the company. Wells Fargo & Company decreased their price target on Devon Energy from $46.00 to $44.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Mizuho decreased their target price on shares of Devon Energy from $49.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Truist Financial boosted their price target on shares of Devon Energy from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Thursday, February 20th. Williams Trading set a $50.00 price objective on shares of Devon Energy in a report on Wednesday, March 5th. Finally, UBS Group dropped their target price on Devon Energy from $41.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Ten research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $46.71.

Devon Energy Stock Performance

Shares of DVN stock opened at $30.29 on Friday. The business has a 50 day simple moving average of $33.92 and a 200 day simple moving average of $35.83. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 1.01. The firm has a market capitalization of $19.66 billion, a price-to-earnings ratio of 6.64, a price-to-earnings-growth ratio of 1.20 and a beta of 1.50. Devon Energy has a 12-month low of $25.89 and a 12-month high of $53.20.

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. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.25 billion. Devon Energy had a net margin of 18.14% and a return on equity of 22.52%.

Devon Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.17%. This is a positive change from Devon Energy’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, March 14th. Devon Energy’s payout ratio is presently 21.05%.

Institutional Investors Weigh In On Devon Energy

Several hedge funds have recently bought and sold shares of the business. Morse Asset Management Inc acquired a new stake in shares of Devon Energy during the third quarter worth approximately $126,000. Virtu Financial LLC purchased a new position in shares of Devon Energy during the 3rd quarter valued at $7,468,000. Pine Valley Investments Ltd Liability Co acquired a new position in shares of Devon Energy in the third quarter worth $209,000. World Investment Advisors LLC raised its holdings in shares of Devon Energy by 3,440.3% during the third quarter. World Investment Advisors LLC now owns 149,437 shares of the energy company’s stock worth $5,846,000 after acquiring an additional 145,216 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Devon Energy during the third quarter valued at $1,576,000. 69.72% of the stock is owned by hedge funds and other institutional investors.

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.