Brokers Issue Forecasts for Devon Energy FY2026 Earnings

Devon Energy Co. (NYSE:DVN) – Analysts at Scotiabank issued their FY2026 earnings per share (EPS) estimates for Devon Energy in a note issued to investors on Wednesday, January 8th. Scotiabank analyst P. Cheng expects that the energy company will earn $4.45 per share for the year. Scotiabank has a “Sector Outperform” rating and a $48.00 price objective on the stock. The consensus estimate for Devon Energy’s current full-year earnings is $4.79 per share.

Several other research firms have also recently issued reports on DVN. Raymond James dropped their price target on Devon Energy from $58.00 to $51.00 in a report on Tuesday, November 5th. Jefferies Financial Group started coverage on Devon Energy in a report on Thursday, October 3rd. They issued a “hold” rating and a $45.00 price target on the stock. Mizuho dropped their price target on Devon Energy from $51.00 to $47.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Truist Financial cut Devon Energy from a “buy” rating to a “hold” rating and dropped their price target for the company from $49.00 to $43.00 in a report on Thursday, November 7th. Finally, Morgan Stanley dropped their price target on Devon Energy from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.81.

Devon Energy Price Performance

NYSE DVN opened at $35.15 on Friday. The stock has a market capitalization of $23.09 billion, a P/E ratio of 6.52, a P/E/G ratio of 1.10 and a beta of 2.00. Devon Energy has a 1 year low of $30.39 and a 1 year high of $55.09. The business’s fifty day moving average is $35.67 and its two-hundred day moving average is $40.73. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.11.

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

Institutional Investors Weigh In On Devon Energy

Large investors have recently bought and sold shares of the business. William B. Walkup & Associates Inc. bought a new stake in Devon Energy in the second quarter worth $1,026,000. Legacy Investment Solutions LLC bought a new stake in Devon Energy in the third quarter worth $8,002,000. Bridgewater Associates LP bought a new stake in Devon Energy in the third quarter worth $9,426,000. Petrus Trust Company LTA boosted its holdings in Devon Energy by 394.7% in the third quarter. Petrus Trust Company LTA now owns 21,827 shares of the energy company’s stock worth $854,000 after purchasing an additional 17,415 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Devon Energy by 6.3% in the third quarter. CIBC Asset Management Inc now owns 107,182 shares of the energy company’s stock worth $4,193,000 after purchasing an additional 6,358 shares in the last quarter. 69.72% of the stock is currently owned by institutional investors.

Devon Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Friday, December 13th. Devon Energy’s dividend payout ratio is presently 16.33%.

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.