Zacks Research Raises Earnings Estimates for Devon Energy

Devon Energy Corporation (NYSE:DVN) – Stock analysts at Zacks Research raised their Q1 2027 EPS estimates for shares of Devon Energy in a note issued to investors on Tuesday, December 16th. Zacks Research analyst Team now expects that the energy company will post earnings of $1.15 per share for the quarter, up from their previous estimate of $1.14. 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 Q2 2027 earnings at $1.03 EPS, Q3 2027 earnings at $1.20 EPS and FY2027 earnings at $4.55 EPS.

Devon Energy (NYSE:DVN) last released its quarterly earnings data on Wednesday, November 5th. The energy company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.93 by $0.11. The company had revenue of $0.00 million for the quarter, compared to analyst estimates of $4.10 billion. Devon Energy had a return on equity of 18.14% and a net margin of 15.56%.During the same period last year, the company posted $1.10 earnings per share.

A number of other equities analysts have also recently weighed in on the company. William Blair started coverage on Devon Energy in a report on Monday, August 25th. They issued an “outperform” rating for the company. Barclays decreased their target price on shares of Devon Energy from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. Wells Fargo & Company dropped their price target on shares of Devon Energy from $43.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, October 17th. BMO Capital Markets cut their price objective on shares of Devon Energy from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Finally, Argus upgraded Devon Energy to a “strong-buy” rating in a research note on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.86.

Devon Energy Price Performance

DVN stock opened at $35.87 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 0.96. Devon Energy has a 1 year low of $25.89 and a 1 year high of $38.88. The firm has a market cap of $22.50 billion, a P/E ratio of 8.44, a price-to-earnings-growth ratio of 2.71 and a beta of 0.62. The stock has a 50-day simple moving average of $34.81 and a 200-day simple moving average of $34.22.

Devon Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th will be given a $0.24 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.96 annualized dividend and a dividend yield of 2.7%. Devon Energy’s payout ratio is presently 22.59%.

Hedge Funds Weigh In On Devon Energy

A number of hedge funds have recently bought and sold shares of DVN. Aprio Wealth Management LLC grew its position in shares of Devon Energy by 4.1% during the third quarter. Aprio Wealth Management LLC now owns 7,521 shares of the energy company’s stock worth $264,000 after acquiring an additional 297 shares during the last quarter. Accredited Wealth Management LLC boosted its stake in Devon Energy by 61.6% during the 3rd quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock valued at $28,000 after purchasing an additional 308 shares during the period. Lindenwold Advisors INC grew its position in Devon Energy by 1.2% in the 3rd quarter. Lindenwold Advisors INC now owns 27,094 shares of the energy company’s stock worth $950,000 after purchasing an additional 314 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in Devon Energy by 2.6% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 12,620 shares of the energy company’s stock worth $442,000 after purchasing an additional 318 shares during the last quarter. Finally, Yousif Capital Management LLC increased its stake in shares of Devon Energy by 0.4% in the second quarter. Yousif Capital Management LLC now owns 87,272 shares of the energy company’s stock valued at $2,776,000 after purchasing an additional 321 shares during the period. 69.72% of the stock is currently owned by institutional investors and hedge funds.

More Devon Energy News

Here are the key news stories impacting Devon Energy this week:

• Positive Sentiment: Citigroup reiterated a Buy on Devon, reinforcing institutional confidence in the company’s cash-generation and capital-return profile; that vote of confidence likely supported the stock’s uptick. Article Title
• Positive Sentiment: Zacks Research raised near-term estimates: small upward revisions to Q4 2025 and Q1 2026 EPS and a slight lift to FY2025 forecast (now reflected in its model), signaling modestly improved short-term earnings momentum. Article Title
• Neutral Sentiment: Zacks also boosted Q1 2027 estimates (small increase), showing mixed adjustments across periods — near-term upgrades balanced by later-year revisions, so immediate impact is limited. Article Title
• Negative Sentiment: Offsetting the positives, Zacks trimmed several 2027 estimates (Q2 and Q3 cuts and a modest reduction to FY2027), which could weigh on longer-term earnings expectations and cap upside if the trend continues. Article Title

Devon Energy Company Profile

Devon Energy Corporation (NYSE: DVN) is an independent oil and gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company focuses on the exploration, development, production and marketing of hydrocarbons, including crude oil, natural gas liquids (NGLs) and natural gas. Devon operates as an upstream energy company that acquires, evaluates and develops onshore resource plays using a combination of drilling, completion and production optimization techniques.

Core business activities include identifying and developing energy reserves, operating well programs and managing reservoir performance to generate production and cash flow.