Devon Energy (NYSE:DVN) Releases Earnings Results, Beats Expectations By $0.01 EPS

Devon Energy (NYSE:DVN) announced its earnings results on Tuesday. The energy company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01, Zacks reports. The business had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.67 billion. Devon Energy had a return on equity of 18.14% and a net margin of 15.56%.Devon Energy’s revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 earnings per share.

Devon Energy Trading Down 1.4%

NYSE:DVN opened at $44.03 on Wednesday. Devon Energy has a 1-year low of $25.89 and a 1-year high of $45.29. The firm has a market capitalization of $27.62 billion, a price-to-earnings ratio of 10.36, a PEG ratio of 4.06 and a beta of 0.61. The business’s 50-day moving average price is $38.52 and its two-hundred day moving average price is $35.91. The company has a current ratio of 0.96, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48.

Devon Energy News Summary

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

• Positive Sentiment: Declared quarterly fixed dividend and issued a 2026 outlook — management reiterated its cash‑return focus (free cash flow, dividends/buybacks), which supports the income profile for shareholders. Devon Energy Reports Fourth-Quarter and Full-Year 2025 Results and Declares Quarterly Fixed Dividend
• Positive Sentiment: Production boost helped beat some profit/revenue expectations — several outlets note Q4 profit came in ahead of some estimates thanks to stronger production, which is supportive for near‑term cash generation. Devon Energy tops fourth-quarter profit estimates on production boost
• Positive Sentiment: Short interest declined recently, reducing immediate short‑squeeze risk and removing some selling pressure. Short Interest in Devon Energy Corporation (NYSE:DVN) Decreases By 12.6%
• Neutral Sentiment: Company scheduled an investor conference call and published slide materials — useful for hearing management’s guidance details on capital allocation, production plans and merger-related items. Devon Energy Corp. Reports Fourth-Quarter and Full-Year 2025 Financial Results and 2026 Outlook
• Negative Sentiment: Revenue and profits fell year‑over‑year and several profitability metrics contracted sharply — media coverage highlights steep YoY declines in revenue, gross and operating profit that weigh on sentiment. Devon Energy Corporation (DVN) Stock Falls on Q4 2025 Earnings
• Negative Sentiment: Mixed earnings headlines: some outlets report a modest EPS beat vs narrow estimates while others show an EPS miss versus broader consensus; that ambiguity likely prompted profit‑taking. Devon Energy Stock Slips Despite Q4 Earnings Beat
• Negative Sentiment: Merger and legacy‑business concerns: coverage (WSJ) flags that profit and revenue slipped ahead of the planned Coterra merger, which may add uncertainty around timing, synergies and balance‑sheet impacts. Devon Energy Profit, Revenue Slip Ahead of Coterra Merger

Institutional Investors Weigh In On Devon Energy

Several institutional investors have recently modified their holdings of the stock. State Street Corp raised its stake in shares of Devon Energy by 0.6% during the 4th quarter. State Street Corp now owns 35,542,293 shares of the energy company’s stock worth $1,301,914,000 after acquiring an additional 212,074 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Devon Energy by 29.3% during the 3rd quarter. AQR Capital Management LLC now owns 8,223,219 shares of the energy company’s stock valued at $288,306,000 after buying an additional 1,862,720 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Devon Energy by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,127,156 shares of the energy company’s stock valued at $187,808,000 after purchasing an additional 166,483 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Devon Energy by 4.1% during the fourth quarter. Deutsche Bank AG now owns 3,897,253 shares of the energy company’s stock valued at $142,756,000 after purchasing an additional 153,667 shares during the last quarter. Finally, Legal & General Group Plc increased its position in Devon Energy by 3.4% in the 3rd quarter. Legal & General Group Plc now owns 3,286,761 shares of the energy company’s stock valued at $115,234,000 after acquiring an additional 106,824 shares during the period. 69.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on DVN shares. Zacks Research downgraded Devon Energy from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Roth Mkm restated a “buy” rating and set a $42.00 price target on shares of Devon Energy in a report on Wednesday, December 31st. Piper Sandler cut their target price on shares of Devon Energy from $57.00 to $55.00 and set an “overweight” rating for the company in a research report on Tuesday, November 18th. Susquehanna upped their price target on shares of Devon Energy from $45.00 to $47.00 and gave the stock a “positive” rating in a research note on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. lowered their target price on Devon Energy from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $46.29.

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.