FY2026 EPS Forecast for Devon Energy Increased by Analyst

Devon Energy Corporation (NYSE:DVN) – Equities researchers at Zacks Research raised their FY2026 earnings per share estimates for shares of Devon Energy in a research report issued on Monday, October 26th. Zacks Research analyst Team now forecasts that the energy company will post earnings of $5.02 per share for the year, up from their prior estimate of $4.96. The consensus estimate for Devon Energy’s current full-year earnings is $5.49 per share. Zacks Research also issued estimates for Devon Energy’s Q4 2026 earnings at $1.28 EPS, Q1 2027 earnings at $1.45 EPS, Q2 2027 earnings at $1.12 EPS, Q1 2028 earnings at $1.37 EPS, Q2 2028 earnings at $1.17 EPS and FY2028 earnings at $5.09 EPS.

Devon Energy (NYSE:DVN) last released its earnings results on Tuesday, August 4th. The energy company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.17. Devon Energy had a net margin of 16.67% and a return on equity of 14.93%. The company had revenue of $7.42 billion for the quarter, compared to analysts’ expectations of $6.01 billion. During the same quarter last year, the business earned $0.84 EPS. The firm’s revenue was up 73.1% compared to the same quarter last year.

DVN has been the topic of several other reports. Citigroup lifted their target price on shares of Devon Energy from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Monday, August 31st. UBS Group raised their price target on Devon Energy from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, October 7th. Wells Fargo & Company lowered their price objective on Devon Energy from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Monday, September 28th. Scotiabank began coverage on Devon Energy in a research note on Wednesday, October 14th. They issued a “sector outperform” rating and a $61.00 price objective for the company. Finally, Weiss Ratings upgraded Devon Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Devon Energy presently has an average rating of “Moderate Buy” and a consensus price target of $60.72.

Devon Energy Stock Performance

DVN opened at $51.62 on Tuesday. The company has a 50 day simple moving average of $48.65 and a two-hundred day simple moving average of $45.52. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.72 and a quick ratio of 0.67. The firm has a market cap of $56.79 billion, a P/E ratio of 12.26, a PEG ratio of 1.34 and a beta of 0.49. Devon Energy has a 1-year low of $31.65 and a 1-year high of $52.71.

Devon Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, September 15th. Devon Energy’s dividend payout ratio is 30.40%.

Insider Activity

In other news, CEO Clay M. Gaspar bought 3,913 shares of Devon Energy stock in a transaction dated Monday, September 14th. The shares were purchased at an average cost of $51.08 per share, with a total value of $199,876.04. Following the completion of the acquisition, the chief executive officer owned 619,152 shares of the company’s stock, valued at $31,626,284.16. This trade represents a 0.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Ferrall Lowe III sold 6,756 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $50.95, for a total value of $344,218.20. Following the completion of the sale, the executive vice president owned 72,720 shares in the company, valued at $3,705,084. This represents a 8.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.58% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Devon Energy

Institutional investors have recently added to or reduced their stakes in the company. Sigma Planning Corp increased its holdings in Devon Energy by 3.5% in the 2nd quarter. Sigma Planning Corp now owns 6,902 shares of the energy company’s stock valued at $285,000 after buying an additional 233 shares during the period. Retirement Planning Group LLC raised its position in shares of Devon Energy by 4.5% in the 2nd quarter. Retirement Planning Group LLC now owns 5,647 shares of the energy company’s stock valued at $233,000 after buying an additional 243 shares in the last quarter. JFS Wealth Advisors LLC raised its position in shares of Devon Energy by 56.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 678 shares of the energy company’s stock valued at $28,000 after buying an additional 245 shares in the last quarter. Physician Wealth Advisors Inc. lifted its holdings in shares of Devon Energy by 32.4% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,062 shares of the energy company’s stock worth $49,000 after acquiring an additional 260 shares during the period. Finally, Titleist Asset Management LLC lifted its holdings in shares of Devon Energy by 5.7% during the 3rd quarter. Titleist Asset Management LLC now owns 5,556 shares of the energy company’s stock worth $256,000 after acquiring an additional 298 shares during the period. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Devon Energy Company Profile

Devon Energy Corporation (NYSE:DVN) is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids. The company focuses on onshore operations in the United States and markets the hydrocarbons produced from its assets to customers across the energy sector.

Devon’s portfolio has historically included major U.S. resource plays such as the Delaware Basin in the Permian Basin, the Eagle Ford, the Anadarko Basin, the Williston Basin and the Powder River Basin.