Zacks Research Forecasts Increased Earnings for Devon Energy

Devon Energy Corporation (NYSE:DVN) – Zacks Research lifted their Q3 2025 earnings estimates for Devon Energy in a research note issued on Tuesday, August 19th. Zacks Research analyst Team now expects that the energy company will earn $0.94 per share for the quarter, up from their previous forecast of $0.90. 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 2025 earnings at $1.01 EPS, FY2025 earnings at $4.00 EPS, Q1 2026 earnings at $1.02 EPS, Q3 2026 earnings at $1.01 EPS, Q4 2026 earnings at $1.07 EPS, FY2026 earnings at $4.05 EPS and FY2027 earnings at $4.83 EPS.

Devon Energy (NYSE:DVN) last announced its quarterly earnings data on Tuesday, August 5th. The energy company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.01. The firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.01 billion. Devon Energy had a net margin of 16.57% and a return on equity of 18.59%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.41 earnings per share.

Several other equities research analysts have also recently weighed in on the company. Wolfe Research upped their target price on Devon Energy from $47.00 to $49.00 and gave the stock an “outperform” rating in a research note on Monday, June 23rd. Jefferies Financial Group boosted their price target on Devon Energy from $31.00 to $33.00 and gave the stock a “hold” rating in a report on Monday, July 14th. Bank of America reduced their price objective on Devon Energy from $52.00 to $42.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. Wall Street Zen upgraded Devon Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 15th. Finally, The Goldman Sachs Group increased their target price on shares of Devon Energy from $38.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Fifteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Devon Energy currently has an average rating of “Moderate Buy” and a consensus target price of $44.15.

Devon Energy Stock Performance

NYSE DVN opened at $33.7550 on Thursday. The firm’s 50 day simple moving average is $33.26 and its 200 day simple moving average is $33.13. The firm has a market capitalization of $21.43 billion, a price-to-earnings ratio of 7.57, a P/E/G ratio of 1.92 and a beta of 1.07. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55. Devon Energy has a 1 year low of $25.89 and a 1 year high of $46.04.

Devon Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, September 15th. Devon Energy’s payout ratio is 21.52%.

Insider Activity at Devon Energy

In other Devon Energy news, Director Kelt Kindick sold 7,685 shares of the company’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $33.46, for a total value of $257,140.10. Following the sale, the director owned 31,801 shares in the company, valued at approximately $1,064,061.46. The trade was a 19.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.71% of the company’s stock.

Hedge Funds Weigh In On Devon Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Banque Cantonale Vaudoise bought a new stake in shares of Devon Energy during the 1st quarter valued at about $26,000. Financial Gravity Asset Management Inc. bought a new stake in Devon Energy during the 1st quarter valued at $26,000. Opal Wealth Advisors LLC acquired a new stake in shares of Devon Energy in the 2nd quarter worth about $25,000. Rakuten Securities Inc. lifted its holdings in shares of Devon Energy by 94.6% in the first quarter. Rakuten Securities Inc. now owns 833 shares of the energy company’s stock valued at $31,000 after purchasing an additional 405 shares in the last quarter. Finally, Accredited Wealth Management LLC bought a new position in Devon Energy during the 4th quarter valued at $28,000. Institutional investors and hedge funds 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.