Capital One Financial Weighs in on Devon Energy Q1 Earnings

Devon Energy Co. (NYSE:DVN) – Analysts at Capital One Financial boosted their Q1 2025 EPS estimates for shares of Devon Energy in a research report issued on Thursday, April 17th. Capital One Financial analyst P. Johnston now expects that the energy company will post earnings of $1.24 per share for the quarter, up from their prior forecast of $1.19. The consensus estimate for Devon Energy’s current full-year earnings is $4.85 per share.

Other analysts also recently issued reports about the company. Truist Financial lifted their price target on Devon Energy from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Thursday, February 20th. Raymond James decreased their price objective on shares of Devon Energy from $54.00 to $46.00 and set an “outperform” rating on the stock in a report on Monday, March 10th. JPMorgan Chase & Co. decreased their price target on Devon Energy from $48.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. StockNews.com raised Devon Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Finally, Royal Bank of Canada dropped their price target on Devon Energy from $49.00 to $40.00 and set a “sector perform” rating for the company in a research report on Monday. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $46.71.

Devon Energy Stock Up 3.4 %

DVN stock opened at $30.29 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.01 and a current ratio of 1.04. The stock has a market capitalization of $19.66 billion, a PE ratio of 6.64, a price-to-earnings-growth ratio of 1.20 and a beta of 1.50. Devon Energy has a one year low of $25.89 and a one year high of $53.20. The company has a fifty day moving average of $34.01 and a 200-day moving average of $35.90.

Devon Energy (NYSE:DVN) last released its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.16. Devon Energy had a return on equity of 22.52% and a net margin of 18.14%. The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.25 billion.

Devon Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.24 dividend. This is an increase from Devon Energy’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 3.17%. Devon Energy’s dividend payout ratio (DPR) is 21.05%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DVN. Morse Asset Management Inc purchased a new stake in Devon Energy during the 3rd quarter worth approximately $126,000. Virtu Financial LLC bought a new position in Devon Energy during the 3rd quarter valued at $7,468,000. Pine Valley Investments Ltd Liability Co acquired a new position in Devon Energy during the 3rd quarter worth $209,000. World Investment Advisors LLC increased its position in shares of Devon Energy by 3,440.3% in the 3rd quarter. World Investment Advisors LLC now owns 149,437 shares of the energy company’s stock worth $5,846,000 after purchasing an additional 145,216 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Devon Energy in the 3rd quarter worth about $1,576,000. 69.72% of the stock is currently owned by hedge funds and other institutional investors.

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.