Zacks Research Forecasts Stronger Earnings for Devon Energy

Devon Energy Corporation (NYSE:DVN) – Analysts at Zacks Research increased their Q1 2026 earnings per share estimates for Devon Energy in a research report issued on Monday, August 4th. Zacks Research analyst J. Saha now forecasts that the energy company will post earnings per share of $0.98 for the quarter, up from their prior forecast of $0.95. 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 Q4 2026 earnings at $1.01 EPS, FY2026 earnings at $3.97 EPS, Q1 2027 earnings at $1.12 EPS and FY2027 earnings at $4.80 EPS.

A number of other research analysts have also weighed in on the stock. Bank of America dropped their price target on shares of Devon Energy from $52.00 to $42.00 and set a “buy” rating on the stock in a research report on Tuesday, April 29th. Bernstein Bank dropped their target price on shares of Devon Energy from $45.00 to $43.00 and set an “outperform” rating on the stock in a research report on Monday, July 7th. Mizuho reduced their target price on Devon Energy from $46.00 to $43.00 and set an “outperform” rating for the company in a report on Tuesday, May 13th. Siebert Williams Shank increased their price target on Devon Energy from $47.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Finally, Jefferies Financial Group boosted their price objective on Devon Energy from $31.00 to $33.00 and gave the stock a “hold” rating in a research report on Monday, July 14th. Eleven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.85.

Devon Energy Stock Performance

NYSE DVN opened at $31.94 on Tuesday. The company has a fifty day moving average price of $32.94 and a 200-day moving average price of $33.31. The firm has a market cap of $20.51 billion, a price-to-earnings ratio of 7.28, a PEG ratio of 1.82 and a beta of 1.07. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.99. Devon Energy has a 1 year low of $25.89 and a 1 year high of $46.04.

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

Devon Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, June 13th. Devon Energy’s dividend payout ratio (DPR) is 21.87%.

Hedge Funds Weigh In On Devon Energy

Hedge funds have recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in Devon Energy during the second quarter valued at approximately $25,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of Devon Energy during the 1st quarter valued at $26,000. Banque Cantonale Vaudoise purchased a new stake in shares of Devon Energy during the 1st quarter valued at $26,000. Accredited Wealth Management LLC bought a new stake in shares of Devon Energy during the 4th quarter worth $28,000. Finally, Trust Co. of Vermont grew its position in Devon Energy by 241.3% in the second quarter. Trust Co. of Vermont now owns 942 shares of the energy company’s stock worth $30,000 after acquiring an additional 666 shares in the last quarter. 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.