Devon Energy Q1 EPS Forecast Decreased by Zacks Research

Devon Energy Corporation (NYSE:DVN) – Zacks Research lowered their Q1 2026 earnings estimates for shares of Devon Energy in a research note issued on Monday, March 2nd. Zacks Research analyst Team now anticipates that the energy company will post earnings of $0.73 per share for the quarter, down from their prior forecast of $0.96. Zacks Research currently has a “Strong Sell” rating on the stock. 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 Q3 2026 earnings at $0.63 EPS, FY2026 earnings at $2.86 EPS, Q1 2027 earnings at $0.58 EPS, Q2 2027 earnings at $0.93 EPS, Q3 2027 earnings at $0.88 EPS and FY2027 earnings at $3.30 EPS.

Several other brokerages have also issued reports on DVN. Piper Sandler lifted their target price on shares of Devon Energy from $55.00 to $59.00 and gave the company an “overweight” rating in a research report on Thursday. TD Cowen upgraded shares of Devon Energy to a “hold” rating in a research report on Monday, February 9th. BMO Capital Markets increased their target price on Devon Energy from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday. Siebert Williams Shank lifted their price target on Devon Energy from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, Johnson Rice reduced their price objective on Devon Energy from $70.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, December 5th. Twenty-three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Devon Energy Stock Up 2.4%

Shares of NYSE DVN opened at $44.53 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.90 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average of $40.27 and a 200-day moving average of $36.78. The firm has a market capitalization of $27.61 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 4.33 and a beta of 0.56. Devon Energy has a 12 month low of $25.89 and a 12 month high of $46.15.

Devon Energy (NYSE:DVN) last posted its quarterly earnings data on Tuesday, February 17th. The energy company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. The company had revenue of $17.19 billion during the quarter, compared to analyst estimates of $3.67 billion. Devon Energy had a return on equity of 16.28% and a net margin of 15.37%.The firm’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the company earned $1.10 earnings per share.

Hedge Funds Weigh In On Devon Energy

Several institutional investors and hedge funds have recently bought and sold shares of DVN. Woodline Partners LP lifted its position in Devon Energy by 98.8% in the first quarter. Woodline Partners LP now owns 115,780 shares of the energy company’s stock valued at $4,330,000 after purchasing an additional 57,555 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Devon Energy during the 2nd quarter valued at $403,000. Hantz Financial Services Inc. boosted its position in Devon Energy by 1,169.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,727 shares of the energy company’s stock valued at $55,000 after buying an additional 1,591 shares during the period. Simon Quick Advisors LLC bought a new stake in Devon Energy in the 2nd quarter worth $275,000. Finally, Creative Financial Designs Inc. ADV increased its position in shares of Devon Energy by 63.3% in the second quarter. Creative Financial Designs Inc. ADV now owns 1,411 shares of the energy company’s stock valued at $45,000 after acquiring an additional 547 shares during the period. 69.72% of the stock is currently owned by institutional investors.

Devon Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, March 13th. Devon Energy’s payout ratio is 23.02%.

Devon Energy News Summary

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

• Positive Sentiment: Piper Sandler raised its price target to $59 and kept an “overweight” rating, implying sizable upside from current levels. Piper Sandler raises PT to $59
• Positive Sentiment: UBS boosted its price target to $55 and reiterated a “buy” rating, another near‑term catalyst supporting the stock. UBS raises PT to $55
• Positive Sentiment: Devon agreed to an all‑stock, ~$58B merger with Coterra Energy that will create one of the largest U.S. shale producers; management expects substantial operating and cost synergies, and higher oil prices from Middle East tensions increase near‑term revenue/cashflow expectations for the combined company. Devon and Coterra merger
• Neutral Sentiment: The market reaction is mixed: analyst upgrades and merger scale are supportive, but stock performance will hinge on integration execution, share dilution from an all‑stock deal and how management updates capital allocation after combining portfolios.
• Negative Sentiment: Zacks Research sharply cut multiple near‑term and FY2026/FY2027 EPS estimates, dropped FY targets substantially and assigned a “Strong Sell” rating — a clear negative that increases short‑term earnings risk and may cap multiple expansion. Q2 EPS Estimates Reduced by Zacks

About Devon Energy

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.