Q2 EPS Estimates for Devon Energy Cut by Analyst

Devon Energy Corporation (NYSE:DVN) – Capital One Financial dropped their Q2 2025 earnings estimates for Devon Energy in a research note issued to investors on Wednesday, July 2nd. Capital One Financial analyst P. Johnston now anticipates that the energy company will post earnings of $0.87 per share for the quarter, down from their prior estimate of $1.00. The consensus estimate for Devon Energy’s current full-year earnings is $4.85 per share. Capital One Financial also issued estimates for Devon Energy’s Q3 2025 earnings at $1.06 EPS, Q4 2025 earnings at $1.15 EPS, FY2025 earnings at $4.29 EPS and FY2026 earnings at $4.22 EPS.

DVN has been the subject of a number of other reports. Wells Fargo & Company cut their price target on Devon Energy from $46.00 to $41.00 and set an “overweight” rating for the company in a report on Monday, June 16th. Barclays boosted their target price on shares of Devon Energy from $38.00 to $40.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 7th. Scotiabank reduced their target price on shares of Devon Energy from $45.00 to $35.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Wall Street Zen upgraded shares of Devon Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 15th. Finally, Piper Sandler cut their price objective on shares of Devon Energy from $56.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday, May 13th. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.50.

Devon Energy Price Performance

DVN stock opened at $33.20 on Friday. The stock’s 50 day moving average price is $32.40 and its 200 day moving average price is $33.40. The firm has a market cap of $21.32 billion, a P/E ratio of 7.56, a PEG ratio of 2.49 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.99 and a current ratio of 1.08. Devon Energy has a 1 year low of $25.89 and a 1 year high of $49.35.

Devon Energy (NYSE:DVN) last issued its quarterly earnings data on Tuesday, May 6th. The energy company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.06). Devon Energy had a return on equity of 21.90% and a net margin of 16.60%. The business had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.31 billion. During the same period last year, the business earned $1.16 earnings per share. The company’s revenue for the quarter was up 23.8% on a year-over-year basis.

Devon Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Friday, June 13th. Devon Energy’s dividend payout ratio (DPR) is currently 21.87%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DVN. Vanguard Group Inc. increased its stake in Devon Energy by 2.6% during the first quarter. Vanguard Group Inc. now owns 82,780,738 shares of the energy company’s stock worth $3,096,000,000 after acquiring an additional 2,098,568 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Devon Energy by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 16,931,275 shares of the energy company’s stock worth $552,830,000 after purchasing an additional 1,038,305 shares during the period. Victory Capital Management Inc. increased its position in Devon Energy by 12.9% during the 1st quarter. Victory Capital Management Inc. now owns 11,518,862 shares of the energy company’s stock worth $430,805,000 after purchasing an additional 1,315,050 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in Devon Energy by 42.8% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 10,395,225 shares of the energy company’s stock valued at $340,236,000 after buying an additional 3,114,656 shares during the period. Finally, Invesco Ltd. raised its holdings in Devon Energy by 32.8% in the fourth quarter. Invesco Ltd. now owns 9,461,719 shares of the energy company’s stock valued at $309,682,000 after buying an additional 2,335,473 shares during the period. Institutional investors and hedge funds own 69.72% of the company’s stock.

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.