Devon Energy Q1 EPS Estimate Lifted by Capital One Financial

Devon Energy Co. (NYSE:DVN) – Capital One Financial boosted their Q1 2025 earnings per share (EPS) estimates for Devon Energy in a research report issued to clients and investors on Wednesday, March 5th. Capital One Financial analyst P. Johnston now expects that the energy company will post earnings per share of $1.12 for the quarter, up from their previous forecast of $1.08. 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 Q2 2025 earnings at $1.21 EPS, Q3 2025 earnings at $1.27 EPS, Q4 2025 earnings at $1.32 EPS and FY2025 earnings at $4.91 EPS.

Several other analysts have also commented on the company. 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 report on Tuesday, December 17th. JPMorgan Chase & Co. lowered Devon Energy from an “overweight” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a report on Thursday, December 5th. Truist Financial raised their price objective on Devon Energy from $42.00 to $44.00 and gave the company a “hold” rating in a report on Thursday, February 20th. Barclays raised their price objective on Devon Energy from $43.00 to $44.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th. Finally, Piper Sandler raised their price objective on Devon Energy from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, February 24th. Ten research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $48.87.

Devon Energy Stock Up 0.4 %

Devon Energy stock opened at $33.81 on Friday. The firm has a market cap of $21.94 billion, a price-to-earnings ratio of 7.41, a price-to-earnings-growth ratio of 1.20 and a beta of 1.91. Devon Energy has a 52 week low of $30.39 and a 52 week high of $55.09. The business’s 50-day moving average price is $35.12 and its 200 day moving average price is $37.82. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.57.

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 for the quarter, compared to analyst estimates of $4.25 billion. Devon Energy had a return on equity of 22.52% and a net margin of 18.14%.

Hedge Funds Weigh In On Devon Energy

A number of institutional investors have recently added to or reduced their stakes in DVN. Hurley Capital LLC purchased a new position in Devon Energy during the fourth quarter worth approximately $26,000. Accredited Wealth Management LLC purchased a new position in Devon Energy during the fourth quarter worth approximately $28,000. Capital Performance Advisors LLP purchased a new position in Devon Energy during the third quarter worth approximately $35,000. Cromwell Holdings LLC lifted its position in Devon Energy by 98.0% during the fourth quarter. Cromwell Holdings LLC now owns 1,208 shares of the energy company’s stock worth $40,000 after buying an additional 598 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new position in Devon Energy during the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Devon Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.24 per share. This is an increase from Devon Energy’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 2.84%. Devon Energy’s dividend payout ratio (DPR) is presently 21.05%.

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.