Devon Energy Q1 EPS Decreased by Capital One Financial

Devon Energy Co. (NYSE:DVN) – Stock analysts at Capital One Financial decreased their Q1 2025 earnings per share estimates for shares of Devon Energy in a research note issued on Tuesday, November 12th. Capital One Financial analyst P. Johnston now forecasts that the energy company will earn $0.81 per share for the quarter, down from their prior estimate of $0.99. The consensus estimate for Devon Energy’s current full-year earnings is $4.86 per share. Capital One Financial also issued estimates for Devon Energy’s Q3 2025 earnings at $0.97 EPS and Q4 2025 earnings at $1.02 EPS.

A number of other equities research analysts also recently weighed in on the company. StockNews.com downgraded Devon Energy from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Evercore ISI decreased their target price on shares of Devon Energy from $55.00 to $50.00 and set an “in-line” rating on the stock in a research report on Monday, September 30th. Benchmark reiterated a “hold” rating on shares of Devon Energy in a research report on Tuesday, October 15th. BMO Capital Markets lowered their price objective on Devon Energy from $52.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Finally, Barclays reduced their target price on Devon Energy from $55.00 to $46.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Devon Energy currently has a consensus rating of “Hold” and an average price target of $51.80.

Devon Energy Price Performance

Devon Energy stock opened at $39.36 on Wednesday. The stock’s 50 day moving average is $40.15 and its 200-day moving average is $44.52. The company has a market capitalization of $25.86 billion, a price-to-earnings ratio of 7.30, a PEG ratio of 1.19 and a beta of 2.03. Devon Energy has a 12 month low of $37.76 and a 12 month high of $55.09. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61.

Devon Energy (NYSE:DVN) last posted its earnings results on Tuesday, November 5th. The energy company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.01. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Devon Energy had a net margin of 21.71% and a return on equity of 24.73%. Devon Energy’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.65 EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sei Investments Co. increased its position in Devon Energy by 3.6% during the 1st quarter. Sei Investments Co. now owns 228,499 shares of the energy company’s stock valued at $11,462,000 after purchasing an additional 7,931 shares during the period. NorthRock Partners LLC acquired a new stake in shares of Devon Energy during the first quarter worth $230,000. Russell Investments Group Ltd. raised its stake in Devon Energy by 62.3% during the first quarter. Russell Investments Group Ltd. now owns 701,950 shares of the energy company’s stock worth $35,222,000 after buying an additional 269,319 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Devon Energy by 28.3% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 22,975 shares of the energy company’s stock valued at $1,153,000 after buying an additional 5,074 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its position in Devon Energy by 5.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 796,732 shares of the energy company’s stock valued at $40,323,000 after acquiring an additional 43,263 shares during the last quarter. 69.72% of the stock is owned by institutional investors and hedge funds.

Devon Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Friday, December 13th. Devon Energy’s payout ratio is currently 16.33%.

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.