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Devon Energy (DVN - Free Report) closed the most recent trading day at $49.87, moving -1.01% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.58%. Elsewhere, the Dow gained 0.69%, while the tech-heavy Nasdaq added 1.05%.

Heading into today, shares of the oil and gas exploration company had gained 7.35% over the past month, outpacing the Oils-Energy sector's gain of 6.29% and the S&P 500's gain of 0.97%.

Analysts and investors alike will be keeping a close eye on the performance of Devon Energy in its upcoming earnings disclosure. The company's earnings report is set to go public on November 5, 2026. The company's upcoming EPS is projected at $1.22, signifying a 17.31% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $7.33 billion, showing a 69.25% escalation compared to the year-ago quarter.

For the full year, the Zacks Consensus Estimates are projecting earnings of $5.4 per share and revenue of $26.02 billion, which would represent changes of +37.76% and +51.37%, respectively, from the prior year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Devon Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.33% upward. Devon Energy currently has a Zacks Rank of #2 (Buy).

Valuation is also important, so investors should note that Devon Energy has a Forward P/E ratio of 9.34 right now. This signifies a discount in comparison to the average Forward P/E of 9.62 for its industry.

Investors should also note that DVN has a PEG ratio of 1.33 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Exploration and Production - United States was holding an average PEG ratio of 0.87 at yesterday's closing price.

The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 30, putting it in the top 13% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Let's take a look at what these Wall Street heavyweights have to say about Devon Energy (DVN - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.

Devon Energy currently has an average brokerage recommendation (ABR) of 1.16, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 28 brokerage firms. An ABR of 1.16 approximates between Strong Buy and Buy.

Of the 28 recommendations that derive the current ABR, 25 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 89.3% and 3.6% of all recommendations.

Brokerage Recommendation Trends for DVN

Check price target & stock forecast for Devon Energy here>>>

While the ABR calls for buying Devon Energy, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.

Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.

In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.

With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.

ABR Should Not Be Confused With Zacks RankAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.

Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.

In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.

Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.

Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.

Is DVN a Good Investment?In terms of earnings estimate revisions for Devon Energy, the Zacks Consensus Estimate for the current year has increased 2.3% over the past month to $5.4.

Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Devon Energy. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Therefore, the Buy-equivalent ABR for Devon Energy may serve as a useful guide for investors.

First Citizens Bank & Trust Co. bought a new position in shares of Devon Energy Corporation (NYSE:DVN – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 28,632 shares of the energy company’s stock, valued at approximately $1,318,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DVN. BlackRock Inc. lifted its holdings in shares of Devon Energy by 57.6% in the 2nd quarter. BlackRock Inc. now owns 95,378,854 shares of the energy company’s stock valued at $3,941,054,000 after buying an additional 34,871,366 shares during the period. State Street Corp grew its holdings in Devon Energy by 89.8% during the second quarter. State Street Corp now owns 73,179,266 shares of the energy company’s stock worth $3,023,767,000 after acquiring an additional 34,615,088 shares during the period. Wellington Management Group LLP grew its holdings in Devon Energy by 418.3% during the second quarter. Wellington Management Group LLP now owns 51,522,376 shares of the energy company’s stock worth $2,128,905,000 after acquiring an additional 41,581,435 shares during the period. Dimensional Fund Advisors LP grew its holdings in Devon Energy by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 9,606,131 shares of the energy company’s stock worth $483,475,000 after acquiring an additional 235,561 shares during the period. Finally, Bank of America Corp DE purchased a new position in Devon Energy during the second quarter valued at approximately $421,226,000. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Devon Energy In other Devon Energy news, CEO Clay Gaspar acquired 3,913 shares of the company’s stock in a transaction on Monday, September 14th. The shares were bought 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 in the company, valued at approximately $31,626,284.16. This trade represents a 0.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert Ferrall Lowe III sold 6,756 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were 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 of the company’s stock, valued at $3,705,084. This trade represents a 8.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.58% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades A number of research analysts have issued reports on the company. UBS Group boosted 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. Weiss Ratings upgraded Devon Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Barclays raised their price objective on shares of Devon Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, October 9th. The Goldman Sachs Group cut their target price on shares of Devon Energy from $54.00 to $53.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Devon Energy from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.84. View Our Latest Stock Analysis on DVN

Devon Energy Trading Down 1.3% DVN stock opened at $49.27 on Friday. The company’s 50-day simple moving average is $47.91 and its 200-day simple moving average is $46.29. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.24. Devon Energy Corporation has a 52-week low of $31.47 and a 52-week high of $52.71. The firm has a market cap of $54.19 billion, a P/E ratio of 11.70, a PEG ratio of 1.32 and a beta of 0.49.

Devon Energy (NYSE:DVN – Get Free Report) last posted its earnings results on Tuesday, August 4th. The energy company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.17. Devon Energy had a return on equity of 14.93% and a net margin of 16.67%. The firm had revenue of $7.42 billion for the quarter, compared to analysts’ expectations of $6.01 billion. During the same period last year, the firm earned $0.84 EPS. The company’s quarterly revenue was up 73.1% on a year-over-year basis. As a group, equities analysts forecast that Devon Energy Corporation will post 5.39 EPS for the current fiscal year.

Devon Energy Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.32 per share. The ex-dividend date was Tuesday, September 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.6%. Devon Energy’s dividend payout ratio is currently 30.40%.

Devon Energy Company Profile (Free Report)

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 operates in the United States and focuses on onshore properties with oil- and liquids-rich resources.

Devon’s operations are concentrated in several major U.S. producing regions, including the Delaware Basin in the Permian Basin, the Eagle Ford, the Anadarko Basin, the Williston Basin and the Powder River Basin.

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Representative Kevin Hern (Republican-Oklahoma) recently sold shares of NextEra Energy, Inc. (NYSE:NEE). In a filing disclosed on October 13th, the Representative disclosed that they had sold between $15,001 and $50,000 in NextEra Energy stock on October 2nd. The trade occurred in the Representative’s “HERN FAMILY FOUNDATION” account.

Representative Kevin Hern also recently made the following trade(s):

Sold $15,001 – $50,000 in shares of Lockheed Martin (NYSE:LMT) on 9/23/2026. Sold $50,001 – $100,000 in shares of Devon Energy (NYSE:DVN) on 9/23/2026. Sold $15,001 – $50,000 in shares of Devon Energy (NYSE:DVN) on 9/23/2026. Sold $15,001 – $50,000 in shares of Starbucks (NASDAQ:SBUX) on 9/23/2026. Sold $50,001 – $100,000 in shares of Marsh & McLennan Companies (NYSE:MRSH) on 9/23/2026. Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 9/23/2026. Sold $15,001 – $50,000 in shares of UnitedHealth Group (NYSE:UNH) on 9/23/2026. Sold $15,001 – $50,000 in shares of Chevron (NYSE:CVX) on 9/23/2026. Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 9/23/2026. Sold $15,001 – $50,000 in shares of Lockheed Martin (NYSE:LMT) on 9/17/2026. NextEra Energy Stock Up 0.2% NEE stock opened at $78.41 on Thursday. NextEra Energy, Inc. has a fifty-two week low of $74.41 and a fifty-two week high of $98.75. The business’s 50-day moving average is $81.34 and its two-hundred day moving average is $86.76. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. The company has a market cap of $163.57 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 2.41 and a beta of 0.64.

NextEra Energy (NYSE:NEE – Get Free Report) last announced its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.04. The business had revenue of $7.53 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period last year, the firm posted $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, analysts forecast that NextEra Energy, Inc. will post 4.03 earnings per share for the current year. NextEra Energy Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 28th were given a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, August 28th. NextEra Energy’s dividend payout ratio is 55.96%.

Analysts Set New Price Targets Several research firms recently weighed in on NEE. Mizuho lowered their target price on NextEra Energy from $95.00 to $80.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 6th. BMO Capital Markets upped their price target on NextEra Energy from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Seaport Research Partners restated a “sell” rating and issued a $56.00 price target (up from $55.00) on shares of NextEra Energy in a research report on Friday, October 2nd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $108.00 price objective on shares of NextEra Energy in a research note on Monday, July 27th. Finally, Morgan Stanley set a $110.00 price objective on NextEra Energy and gave the company an “overweight” rating in a research report on Wednesday. Eighteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $99.65.

View Our Latest Report on NEE

Trending Headlines about NextEra Energy Here are the key news stories impacting NextEra Energy this week:

Positive Sentiment: NextEra’s strong earnings-surprise history and favorable combination of analyst estimate trends and business expectations have increased the possibility of another quarterly earnings beat. Analysts expect earnings of roughly $1.23 per share for the third quarter, while the company’s full-year 2026 guidance is $3.92-$4.02 per share. Will NextEra Beat Estimates Again in Its Next Earnings Report? Positive Sentiment: Wells Fargo reiterated a Buy rating and a $108 price target, implying substantial upside from recent trading levels. The bullish view reflects NextEra’s earnings growth potential and long-term utility and clean-energy development pipeline. Wells Fargo Keeps Buy Rating on NextEra Energy Positive Sentiment: A proposed shareholder-litigation settlement would provide NextEra with a $15.5 million insurance-funded payment and introduce governance reforms. Investors may view the agreement as reducing legal uncertainty and improving oversight, although the reforms could keep governance issues in focus. Governance Settlement and Earnings Expectations Positive Sentiment: NextEra’s long record of dividend increases and expected earnings growth support the case for continued dividend growth, which may appeal to income-focused investors. NextEra’s Dividend Growth Outlook Neutral Sentiment: Investors are awaiting the company’s upcoming earnings report. A beat could support the shares, but guidance and management commentary on growth, financing and Florida Power & Light regulation will likely determine the lasting market reaction. Negative Sentiment: Morgan Stanley identified NextEra among clean-tech companies whose valuations could be affected by higher interest rates. Rising rates can increase financing costs and reduce the appeal of utility and renewable-energy cash flows. Clean-Tech Valuation Impact from Higher Rates Negative Sentiment: KeyCorp lowered its 2026 EPS estimate to $3.96 from $4.02 and trimmed forecasts for 2027, 2029 and 2030. Although it raised its fourth-quarter 2026 estimate to $0.49, the broader reductions indicate some concern about longer-term earnings momentum. Hedge Funds Weigh In On NextEra Energy Several hedge funds have recently modified their holdings of NEE. Pin Oak Investment Advisors Inc. bought a new position in shares of NextEra Energy in the second quarter worth about $26,000. Kilter Group LLC bought a new stake in NextEra Energy during the 2nd quarter valued at about $25,000. Manning & Napier Advisors LLC bought a new stake in NextEra Energy during the 2nd quarter valued at about $26,000. Financial Life Planners bought a new stake in NextEra Energy during the 1st quarter valued at about $30,000. Finally, Osbon Capital Management LLC purchased a new stake in NextEra Energy in the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

About Representative Hern Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma’s 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027.

Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma’s 1st Congressional District. He declared candidacy for the 2026 election.

Kevin Hern went into business as a McDonald’s franchisee in 1999. He acquired 10 McDonald’s franchises by 2012. He served on the McDonald’s National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

NextEra Energy Company Profile (Get Free Report)

NextEra Energy, Inc is an electric power and energy infrastructure company headquartered in Juno Beach, Florida. Through its principal subsidiary, Florida Power & Light Company (FPL), the company generates, transmits, distributes and sells electricity to customers across Florida. FPL serves residential, commercial and industrial customers and operates a diverse generation portfolio that includes natural gas, solar, nuclear and other resources.

NextEra Energy’s other major business, NextEra Energy Resources, develops, owns and operates energy projects in the United States and Canada.

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When a company relocates and pays a longtime employee a large retention bonus after he retires, Social Security has its own way of deciding whether that money counts against his benefits, and the answer hinges on a distinction most retirees…

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Two of Oklahoma City’s best-known energy companies, Devon Energy (NYSE:DVN | DVN Price Prediction) and Expand Energy (NASDAQ:EXE), are moving their headquarters to Houston following industry consolidation. When a company relocates like that, longtime employees have to decide whether to stay through the move or leave right away.

Imagine one of them. His employer asks him to stay through the move in exchange for a $20,000 retention bonus. At 64, he finishes the work, retires and files for Social Security. Then the bonus shows up as W-2 wages after he has retired.

He has company. A recent retiree who received his first benefit payment in June asked whether a severance package arriving later would cut into those checks. In both cases, Social Security looks at when the work was completed.

Why a December Paycheck Can Count as October Work Social Security calls them special payments. A payment generally does not count toward the annual earnings limit when the last work required to earn it was completed before he stopped working. The agency lists bonuses, severance pay and back pay as examples.

Timing is the key. A payment generally qualifies when the last thing he did to earn it was completed before he stopped working.

Now apply it to his agreement. The employer promises him the bonus if he stays employed through October 31 while operations move to Texas. He meets every condition, retires on November 1 and starts benefits. Payroll processes the bonus in December. Nothing he did after his last day was required to earn it.

Social Security’s employer form lists bonuses paid under a prior agreement or contract as an example of wages earned in one year and paid in a later one.

The $20,000 Bonus May Not Count Because he is younger than full retirement age (FRA), the 2026 earnings limit is $24,480. Above that, the program deducts $1 from benefit payments for every $2 of earnings over the limit.

Say the bonus arrives in a later year when he also earns $15,000 from a part-time job and remains under full retirement age all year. He might assume Social Security sees $35,000. Counted that way, about $5,260 of his benefits would be withheld. If the bonus qualifies as a special payment, only his part-time wages count. They fall under the limit, so nothing is withheld.

Bonuses Tied to Post-Retirement Work Lose the Exemption Whether a bonus qualifies depends on its terms. If he had to stay available for consulting, hit a performance target after retiring, or do more work, some or all could count as post-retirement earnings. The question is what he had to do to earn the money and when he finished doing it.

Paperwork That Proves When He Earned It Social Security may not know that some of his earnings were special payments unless he tells the agency. His employer can document the payment on Form SSA-131, Employer Report of Special Wage Payments. He should keep these records:

The retention agreement, showing exactly what he had to do to earn the money and that conditions ended on his last day. Proof of his final work date, such as a separation letter or final timesheet. The pay statement for the bonus, showing the payment date and amount. Any employer letter or Form SSA-131 documenting when the bonus was earned. The Work Date Matters More Than the Pay Date Three questions decide most cases:

What did he have to do to earn the bonus? When did he finish? Can his employer document that the payment covers work done before retirement? Once he has those answers in writing, a late check becomes much less worrying. The mistake that’s hardest to undo is responding to the deposit date. Turning down part-time work or adjusting his income plan because of a payment that may never count against him could cost far more than the bonus itself.

His employer may have crossed the Oklahoma-Texas line before the bonus arrived. For Social Security, the line that counted ran between the work he finished before retirement and anything after. Retention agreements vary, and one clause about post-retirement duties can change the answer. Checking with Social Security, agreement in hand, is worth the time.

Contact [email protected] for any questions or corrections.

Devon Energy (DVN - Free Report) closed the most recent trading day at $48.26, moving -1.35% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.6%. Elsewhere, the Dow gained 0.83%, while the tech-heavy Nasdaq added 0.64%.

Shares of the oil and gas exploration company witnessed a loss of 2.2% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 2.1%, and the S&P 500's gain of 1.34%.

The investment community will be paying close attention to the earnings performance of Devon Energy in its upcoming release. The company is slated to reveal its earnings on November 5, 2026. It is anticipated that the company will report an EPS of $1.2, marking a 15.38% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.3 billion, up 68.53% from the year-ago period.

DVN's full-year Zacks Consensus Estimates are calling for earnings of $5.35 per share and revenue of $25.96 billion. These results would represent year-over-year changes of +36.48% and +51.03%, respectively.

Investors should also pay attention to any latest changes in analyst estimates for Devon Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.14% higher within the past month. Right now, Devon Energy possesses a Zacks Rank of #3 (Hold).

From a valuation perspective, Devon Energy is currently exchanging hands at a Forward P/E ratio of 9.14. This represents a discount compared to its industry average Forward P/E of 9.29.

Meanwhile, DVN's PEG ratio is currently 1.31. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Oil and Gas - Exploration and Production - United States industry was having an average PEG ratio of 0.78.

The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 70, placing it within the top 29% of over 250 industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow DVN in the coming trading sessions, be sure to utilize Zacks.com.

Devon Energy (DVN - Free Report) closed at $48.92 in the latest trading session, marking a +2.17% move from the prior day. This change outpaced the S&P 500's 0.47% loss on the day. Elsewhere, the Dow saw an upswing of 0.1%, while the tech-heavy Nasdaq depreciated by 1.25%.

Prior to today's trading, shares of the oil and gas exploration company had lost 2.25% lagged the Oils-Energy sector's gain of 1.58% and the S&P 500's gain of 1.15%.

Investors will be eagerly watching for the performance of Devon Energy in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 5, 2026. The company is forecasted to report an EPS of $1.2, showcasing a 15.38% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $7.3 billion, indicating a 68.53% growth compared to the corresponding quarter of the prior year.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.35 per share and revenue of $25.96 billion, indicating changes of +36.48% and +51.03%, respectively, compared to the previous year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Devon Energy. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.14% upward. As of now, Devon Energy holds a Zacks Rank of #3 (Hold).

Looking at its valuation, Devon Energy is holding a Forward P/E ratio of 8.95. This denotes a discount relative to the industry average Forward P/E of 9.01.

We can also see that DVN currently has a PEG ratio of 1.28. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Oil and Gas - Exploration and Production - United States industry was having an average PEG ratio of 0.75.

The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 67, finds itself in the top 28% echelons of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

 | Source: Devon Energy Corporation

HOUSTON, Oct. 07, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report third-quarter 2026 results on Thursday, November 5, after the close of U.S. financial markets. The earnings materials will be available on the company’s website at www.devonenergy.com. On Friday, November 6, the company will hold a conference call at 10 a.m. CDT (11 a.m. EDT). A webcast link to the conference call and replay link will be available on the company’s website.

ABOUT DEVON ENERGY
Devon Energy is a leading oil and gas producer in the U.S. with a diversified multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations.

ExxonMobil (XOM +0.66%) is one of the world's largest energy companies, with an asset portfolio that spans the globe. Devon Energy (DVN +2.43%) is a comparatively small energy company that produces only oil in the United States. They are basically two extremes in the same industry, with one likely to benefit more from high oil prices than the other. But that may not be the best way to pick between the two for your portfolio. Here's why.

What does ExxonMobil do? Exxon is an energy industry giant, with assets spread across the entire energy value chain, from the upstream (production) to the midstream (pipelines) to the downstream (chemicals and refining). Its portfolio of assets is also globally diverse, with operations in most of the world's key energy-producing and using regions. It is kind of a one-stop shop for investors looking to get into the energy sector.

Image source: Getty Images.

The best part, however, is that Exxon has a long and successful history of navigating the historically volatile energy sector's ups and downs. The primary example of its success is actually the dividend, which has been increased annually for 43 years despite often material oil price swings. Add in a well-above-market 2.5% dividend yield, and conservative dividend investors should probably find Exxon to be an attractive option in the energy patch. In fact, it is a solid choice most of the time. That said, the overarching story here is that Exxon's massively diversified business helps to soften the peaks and valleys in the energy sector.

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What does Devon Energy do? Devon is playing a very different game, since it operates only upstream and drills only in the U.S. market. It is basically a shale oil specialist. When oil prices are high, the company will gush with cash, which means today's high oil prices are a big win. If you are trying to play the rise in oil prices, largely driven by the geopolitical conflict in the Middle East, Devon Energy is likely to benefit more than Exxon.

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However, that's just one side of the energy coin. If history is any guide, oil prices will eventually come back down. And that will hurt Devon's upstream-focused business more than it will hurt Exxon's more diversified business. If you are looking to add long-term energy exposure to your portfolio, you'll probably be better off sticking with a diversified giant like Exxon.

Your investment goal should determine the energy stock you choose The truth is that Exxon and Devon are both historically well-run companies. But they do very different things. Exxon is built to reward investors through the entire energy cycle, while Devon rides the wave, with its stock generally rising and falling just as dramatically as oil prices. If you are a long-term investor, Exxon is probably the better choice. If you are looking to ride the energy wave, Devon will likely be more attractive to you.

Devon Energy (DVN - Free Report) ended the recent trading session at $46.04, demonstrating a -1.2% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.25%. Elsewhere, the Dow saw a downswing of 0.86%, while the tech-heavy Nasdaq appreciated by 0.24%.

The oil and gas exploration company's shares have seen a decrease of 4.99% over the last month, not keeping up with the Oils-Energy sector's loss of 0.62% and the S&P 500's loss of 0.42%.

Market participants will be closely following the financial results of Devon Energy in its upcoming release. In that report, analysts expect Devon Energy to post earnings of $1.18 per share. This would mark year-over-year growth of 13.46%. Meanwhile, our latest consensus estimate is calling for revenue of $7.26 billion, up 67.52% from the prior-year quarter.

For the full year, the Zacks Consensus Estimates project earnings of $5.27 per share and a revenue of $25.84 billion, demonstrating changes of +34.44% and +50.36%, respectively, from the preceding year.

Any recent changes to analyst estimates for Devon Energy should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.43% upward. Devon Energy is currently a Zacks Rank #3 (Hold).

Looking at its valuation, Devon Energy is holding a Forward P/E ratio of 8.84. This represents a discount compared to its industry average Forward P/E of 8.94.

Also, we should mention that DVN has a PEG ratio of 1.26. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Oil and Gas - Exploration and Production - United States industry had an average PEG ratio of 0.73.

The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 107, which puts it in the top 44% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

Energy investors were abuzz with this week's news that activist investors in Devon Energy (NYSE: DVN) might push the company to sell off some of its assets, or even the entire company.

That buzz got even louder when BP (NYSE: BP) was rumored to be a potential buyer for one of Devon's shale assets.

But today, in a move that sent Devon's shares downward, Reuters reported that BP apparently walked away from the deal. Here's what investors need to know.

Image source: Getty Images.

Devon faces sudden pressure to sellTOMS Capital Investment Management, an activist hedge fund led by billionaire Noam Gottesman, took a sizable share in Devon at some point over the last three months. It now says it's one of the company's top-5 shareholders.

Since then, TOMS Capital has been pressuring Devon to either sell some of its assets or sell the entire company. In a letter to management earlier this month that was revealed on Wednesday, TOMS Capital suggested that Devon's recent merger with Coterra Energy resulted in a bloated, overly complex portfolio.

Pre-merger Devon already owned several assets in the Delaware Basin – a subsection of the Permian Basin in West Texas and southeast New Mexico. Coterra Energy brought additional Delaware Basin assets into the portfolio. The combined company now also operates in Pennsylvania's Marcellus Shale, South Texas' Eagle Ford Shale, Oklahoma's Anadarko Basin, the Williston Basin of North Dakota, and the Powder River Basin in Wyoming. That's a lot.

The TOMS Capital letter argues that such a fragmented portfolio has led Devon to trade at a valuation discount relative to its peers. Another of Devon's major investors, investment firm Kimmeridge, has expressed similar sentiments and publicly urged management to streamline the portfolio. However, Kimmeridge has stopped short of asking Devon to sell itself in its entirety, which TOMS Capital thinks is a viable alternative.

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BP didn't close the dealBP has had a turbulent recent history. It has had five CEOs since 2020.

Meg O'Neill, who stepped into the role in April, has refocused the business on oil and gas rather than green energy. During her tenure, BP has reportedly "entered the data room" for a handful of shale assets up for sale. Reportedly, Devon's Eagle Ford shale holdings were among them.

"Entering the data room" means officially expressing interest in buying an asset. While it doesn't require any commitment from the prospective buyer, it gives them access to confidential information about the asset so they can better evaluate the pros and cons of the deal.

Analysts at TPH Research suggested on Wednesday that Devon's Eagle Ford assets could be worth about $4.5 billion. But today, Reuters reported that BP had decided to walk away from the deal, citing confidential sources. When asked to comment, BP didn't confirm or deny the report, but issued a general statement alluding to its "commitment to maintaining capital discipline."

Here's what that means for Devon and for BP.

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U.S. shale sales are tricky right nowBP already owns some U.S. shale assets in the Eagle Ford Shale and the nearby Permian and Haynesville Basins. While buying nearby Devon assets would make strategic sense, BP seems more focused on reducing debt and making its own divestments. But its comment about capital discipline suggests it was also concerned about overpaying.

U.S. shale is a valuable asset right now. It's located far from the turmoil of the Middle East, yet still benefits from current high global oil prices. But because it's unclear how long the war in Iran will last, it's impossible to know how long that elevated value will persist.

O'Neill may be reluctant to buy U.S. shale assets right now, knowing that if the war ends soon and global oil prices drop, the assets may drop sharply in value. In that case, she could be seen as having begun her tenure by overpaying for a middling asset, even as the company is actively trying to cut dead weight.

Devon losing a potential buyer suggests the company may have an unexpectedly difficult time meeting TOMS Capital's divestiture demands. After news broke of the failed deal today, Devon's stock slumped to close down 3.6%, while BP's stock was down 0.4% for the day.

It's a good reminder for investors to base their evaluation of a company on its current situation rather than on unverified rumors about a potential asset purchase or sale.

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.

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What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.

Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.

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Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.

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Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.

It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.8% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.

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Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Devon Energy (DVN - Free Report) Devon Energy Corporation, based in Houston, is an independent energy company engaged primarily in the exploration, development and production of oil and natural gas. The company’s oil and gas operations are concentrated onshore in the United States. Devon was founded in 1971.

DVN is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 9.28; value investors should take notice.

Eight analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.29 to $5.27 per share. DVN boasts an average earnings surprise of +9.5%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, DVN should be on investors' short list.

watch now

Activist hedge fund Toms Capital Management sent a letter earlier this month to Devon Energy urging the Houston-based oil and gas company to review strategic alternatives, including a sale.

Toms, which manages just over $4 billion in assets, says in the letter viewed by CNBC it is now one of Devon's top five shareholders. The hedge fund was outside of the ten biggest Devon holders as of the end of June, according to the latest filings.

Last May, Devon closed its merger with Coterra Energy, significantly increasing the size of the company's portfolio in the Delaware Basin, a key oil and gas producing sub-basin of the Permian in West Texas and Southeast New Mexico. The deal also brought together a portfolio than now includes the Marcellus, Eagle Ford and Powder River basins, amongst others.

Toms claims that combination of properties brings an undue level of complexity to the company and contribute to what is, in its view, a valuation discount to its peers of at least one multiple point, which is significant given the stock trades at roughly 4.5 times 2027 estimated EBITDA.

Devon has caused frustration among another one of its investors, the energy-focused investment firm Kimmeridge, which has publicly urged the company to streamline its property portfolio and articulate a post-Coterra merger strategy.

Devon, YTD

In meetings prior to sending its letter, Toms had encouraged a similar strategy and now is urging the company to sell itself. The fund asserted in its letter that a potential strategic buyer of the entire company could subsequently divest assets, shifting the execution risk of such sales away from Devon holders.

Alex Spiro joins campaignToms Capital is joined in its activist campaign by the noted litigator Alex Spiro, known for his successful track record of combat in the courtroom and advisory relationship with Elon musk and other notable figures.

Spiro and Toms both declined to comment beyond their letter.

Whether Toms, which has waged activist campaigns at companies such as Kenvue, Kellanova and Denbury, will succeed in pushing Devon to sale is far from clear. While major oil companies might have interest in Devon's core position in the Delaware basin, negotiating a transaction at present may be difficult given the volatility in oil prices.

Devon did not yet return a call for comment. Its advisors declined to comment.

Devon shares added about 3% in Wednesday's trading, bringing their 2026 gain to more than 31%.

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

23.9.2026 16:27, PAYX, MRNA, APP

Index Dow Jones -0,06 % na 51830,74 b. S&P 500 -0,48 % na 7727,62 b. Nasdaq Composite -0,99 % na 26974,87 b.

Nejsledovanější americké indexy v úvodu středečního obchodování ztrácejí, zatímco se ceny ropy stabilizují a trhy vyhlížejí schůzku mezi Trumpem a Si Ťin-pchingem.

Daří se akciím farmaceutické společnosti Moderna (+3,3 %), které tak navazují na růst z předchozího dne. Společnost již v pondělí oznámila, že v říjnu představí data ke své personalizované vakcíně proti rakovině.

Naopak ztrácejí akcie společnosti Paychex (-8,6 %), poskytující mzdové a HR služby pro malé a střední firmy, po reportu výsledků za 1Q FY 2027. Výnosy vzrostly meziročně o 5,9 % a dosáhly 1,63 mld. USD podle očekávání, očištěný zisk na akcii činil 1,34 USD při konsensu 1,32 USD. Podle agentury Bloomberg za poklesem stojí skutečnost, že výnosy v segmentu Management Solutions zaostaly za odhady analytiků.

Nedaří se ani technologické společnosti AppLovin (-6,1 %), která provozuje reklamní platformu, přes kterou inzerenti oslovují uživatele mobilních aplikací, poté, co analytik Joe Wittine z Edgewater Research uvedl, že nedávné průzkumy trhu a distribučních kanálů ukázaly zpomalení růstu tržního podílu této platformy. Wittine předpovídá mezikvartální růst výnosů AppLovinu ve čtvrtém kvartále mezi 8 a 9 %, což zaostává za dřívějšími očekáváními Wall Streetu. Podle analytika už ukazatele podílu na výdajích klientů a podílu na reklamním prostoru ze svých současných úrovní soustavně nerostou. Důvodem je podle něj především to, že podíl platformy MAX pravděpodobně narazil na svůj funkční strop.

Potravinářská společnost General Mills (-1,2 %) zveřejnila výsledky za 1Q a potvrdila celoroční výhled. Více podrobností naleznete zde.

Index S&P 500 -0,48 % na 7727,62 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Energie +1,8 % Zbytná spotřeba -1,5 % Finanční sektor +0,5 % Komunikační služby -1,5 % Průmysl +0,4 % Utility -1,4 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Universal Health Services (UHS) +3,7 % Paychex (PAYX) -8,6 % Moderna (MRNA) +3,3 % Expedia Group (EXPE) -6,6 % Devon Energy Corp (DVN) +3,3 % AppLovin Corp (APP) -6,1 % Intercontinental Exchange (ICE) +2,8 % GoDaddy (GDDY) -5,3 % APA Corp (APA) +2,8 % Monolithic Power Systems (MPWR) -5,0 % Zdroj: Bloomberg, Yahoo Finance

Michal Bárta
Fio banka, a.s.
Prohlášení

Corient Private Wealth LP grew its holdings in Devon Energy Corporation (NYSE:DVN – Free Report) by 62.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 214,019 shares of the energy company’s stock after buying an additional 81,997 shares during the quarter. Corient Private Wealth LP’s holdings in Devon Energy were worth $8,843,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Devon Energy by 57.6% in the 2nd quarter. BlackRock Inc. now owns 95,378,854 shares of the energy company’s stock valued at $3,941,054,000 after purchasing an additional 34,871,366 shares in the last quarter. Wellington Management Group LLP grew its position in Devon Energy by 418.3% during the second quarter. Wellington Management Group LLP now owns 51,522,376 shares of the energy company’s stock worth $2,128,905,000 after buying an additional 41,581,435 shares during the period. Geode Capital Management LLC grew its position in Devon Energy by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 19,177,835 shares of the energy company’s stock worth $700,238,000 after buying an additional 186,743 shares during the period. Victory Capital Management Inc. increased its holdings in Devon Energy by 17.5% in the fourth quarter. Victory Capital Management Inc. now owns 13,916,979 shares of the energy company’s stock valued at $509,779,000 after buying an additional 2,071,021 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in Devon Energy in the second quarter valued at about $421,226,000. 69.72% of the stock is currently owned by hedge funds and other institutional investors.

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

Positive Sentiment: The proposed Solitude Pipeline could materially improve Devon’s Permian gas takeaway economics. Its planned 4.5 Bcf/d capacity may reduce Waha-region congestion and potentially add an estimated $1.00 per MMBtu of margin, or roughly $410 million in annual profit for Devon if downstream Katy basis remains favorable. Solitude Pipeline Announcement Benefits Both Devon And Diamondback Positive Sentiment: Recent analyst commentary remains supportive. UBS assigned a Buy rating, while other analysts have maintained positive ratings and price targets above the current trading level, citing Devon’s stronger Permian focus and valuation support. Devon Energy Gets a Buy from UBS Positive Sentiment: Devon’s latest reported quarter exceeded expectations, with earnings and revenue above consensus and revenue growth of 73.1% year over year. Institutional ownership activity was also broadly constructive, with many large investors increasing their positions. Positive Sentiment: CEO Clay Gaspar purchased approximately $200,000 of shares, a modest signal of management confidence. Devon also offers a quarterly dividend of $0.32 per share, equivalent to a 2.6% indicated yield based on the cited trading price. Clay Gaspar Buys Devon Energy Stock Neutral Sentiment: Earlier strength was supported by higher crude prices linked to Middle East supply concerns, Devon’s free cash flow, shareholder returns, and bullish analyst actions. Sustained commodity prices could continue to support the shares, but oil-price volatility remains a key risk. Negative Sentiment: The stock traded ex-dividend on September 15, which can create mechanical downward pressure as the dividend value is removed from the share price. An executive sale of 6,756 shares also contrasts with the CEO purchase, although insider transactions alone do not establish a trend. Devon Energy Stock Information Devon Energy Trading Down 5.6% Shares of DVN stock opened at $48.44 on Thursday. The firm has a 50-day moving average price of $46.08 and a 200 day moving average price of $46.11. Devon Energy Corporation has a twelve month low of $31.47 and a twelve month high of $52.71. The company has a market capitalization of $53.28 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 1.39 and a beta of 0.37. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.24. Devon Energy (NYSE:DVN – Get Free Report) last issued its quarterly 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 business had revenue of $7.42 billion during the quarter, compared to the consensus estimate of $6.01 billion. During the same period in the previous year, the firm posted $0.84 earnings per share. The company’s quarterly revenue was up 73.1% compared to the same quarter last year. Research analysts forecast that Devon Energy Corporation will post 5.27 earnings per share for the current fiscal year.

Devon Energy Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Devon Energy’s dividend payout ratio is currently 30.40%.

Insiders Place Their Bets In other news, EVP Robert Ferrall Lowe III sold 6,756 shares of Devon Energy stock in a transaction on 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 of the company’s stock, valued at $3,705,084. The trade was a 8.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Clay Gaspar bought 3,913 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was acquired at an average price of $51.08 per share, with a total value of $199,876.04. Following the completion of the purchase, the chief executive officer directly owned 619,152 shares of the company’s stock, valued at approximately $31,626,284.16. The trade was a 0.64% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 4.58% of the company’s stock.

Wall Street Analyst Weigh In DVN has been the topic of several research analyst reports. Wolfe Research set a $67.00 price target on Devon Energy and gave the stock an “outperform” rating in a research note on Monday, June 22nd. Wall Street Zen downgraded Devon Energy from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Weiss Ratings raised Devon Energy from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, September 9th. Capital One Financial decreased their target price on Devon Energy from $63.00 to $61.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 2nd. Finally, UBS Group upped their target price on Devon Energy from $55.00 to $63.00 and gave the company a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Devon Energy presently has an average rating of “Moderate Buy” and an average price target of $59.76.

Get Our Latest Stock Report on Devon Energy

About Devon Energy (Free Report)

Devon Energy Corporation is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids. The company also gathers, processes and transports hydrocarbons through related midstream infrastructure and markets its production to customers in the United States.

Devon’s operations are concentrated in U.S. onshore basins, including the Delaware Basin in the Permian Basin, the Eagle Ford, the Anadarko Basin, the Williston Basin and the Powder River Basin.

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Devon Energy is upgraded to Buy, with 45% upside to a $72 DCF target, driven by Permian scale and anticipated asset sales. DVN's underperformance versus peers is attributed to operational dilution from non-core assets; management is expected to address this via divestitures by November. Free cash flow is projected at $1.77B in Q3 and $2.34B in Q4 2026, with $7.9B in 2027 and $9.4B in 2028+ post-synergies.

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of DVN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Devon Energy (DVN - Free Report) ended the recent trading session at $50.02, demonstrating a +2.12% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.59%. Meanwhile, the Dow lost 0.6%, and the Nasdaq, a tech-heavy index, lost 0.65%.

The stock of oil and gas exploration company has risen by 9.18% in the past month, leading the Oils-Energy sector's gain of 9.15% and the S&P 500's loss of 1.37%.

Market participants will be closely following the financial results of Devon Energy in its upcoming release. The company is expected to report EPS of $1.2, up 15.38% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $6.91 billion, indicating a 59.62% upward movement from the same quarter last year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.24 per share and a revenue of $24.69 billion, signifying shifts of +33.67% and +43.64%, respectively, from the last year.

It is also important to note the recent changes to analyst estimates for Devon Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 5.74% rise in the Zacks Consensus EPS estimate. Devon Energy currently has a Zacks Rank of #3 (Hold).

In terms of valuation, Devon Energy is presently being traded at a Forward P/E ratio of 9.35. This valuation marks a discount compared to its industry average Forward P/E of 9.81.

We can additionally observe that DVN currently boasts a PEG ratio of 1.34. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Oil and Gas - Exploration and Production - United States industry was having an average PEG ratio of 0.79.

The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 101, putting it in the top 42% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

HB Wealth Management LLC raised its stake in Devon Energy Corporation (NYSE:DVN – Free Report) by 70.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,855 shares of the energy company’s stock after purchasing an additional 20,958 shares during the quarter. HB Wealth Management LLC’s holdings in Devon Energy were worth $2,101,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in DVN. BlackRock Inc. raised its position in shares of Devon Energy by 57.6% in the 2nd quarter. BlackRock Inc. now owns 95,378,854 shares of the energy company’s stock worth $3,941,054,000 after buying an additional 34,871,366 shares during the period. Wellington Management Group LLP boosted its holdings in Devon Energy by 418.3% in the second quarter. Wellington Management Group LLP now owns 51,522,376 shares of the energy company’s stock valued at $2,128,905,000 after acquiring an additional 41,581,435 shares during the last quarter. State Street Corp grew its position in Devon Energy by 0.6% during the fourth quarter. State Street Corp now owns 35,542,293 shares of the energy company’s stock valued at $1,301,914,000 after acquiring an additional 212,074 shares during the period. Geode Capital Management LLC grew its position in Devon Energy by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 19,177,835 shares of the energy company’s stock valued at $700,238,000 after acquiring an additional 186,743 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Devon Energy by 17.5% during the fourth quarter. Victory Capital Management Inc. now owns 13,916,979 shares of the energy company’s stock worth $509,779,000 after acquiring an additional 2,071,021 shares during the last quarter. 69.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth A number of equities analysts have recently commented on DVN shares. Wells Fargo & Company cut their price objective on Devon Energy from $68.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, August 13th. Argus reiterated a “buy” rating and set a $45.85 target price on shares of Devon Energy in a report on Monday, August 17th. Zacks Research downgraded shares of Devon Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. The Goldman Sachs Group dropped their target price on shares of Devon Energy from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Finally, JPMorgan Chase & Co. cut their price target on shares of Devon Energy from $62.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.23.

Get Our Latest Stock Analysis on Devon Energy Devon Energy Trading Up 0.8% NYSE:DVN opened at $48.44 on Wednesday. The business’s 50-day moving average is $45.05 and its two-hundred day moving average is $45.85. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.72 and a quick ratio of 0.67. Devon Energy Corporation has a 12 month low of $31.47 and a 12 month high of $52.71. The firm has a market capitalization of $53.29 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 1.31 and a beta of 0.37.

Devon Energy (NYSE:DVN – Get Free Report) last issued its earnings results on Tuesday, August 4th. The energy company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.17. Devon Energy had a return on equity of 14.93% and a net margin of 16.67%.The company had revenue of $7.42 billion during the quarter, compared to the consensus estimate of $6.01 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. The company’s revenue was up 73.1% compared to the same quarter last year. Research analysts predict that Devon Energy Corporation will post 5.24 earnings per share for the current fiscal year.

Devon Energy Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, September 15th. Devon Energy’s dividend payout ratio is currently 30.40%.

Devon Energy Profile (Free Report)

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.

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Devon Energy (DVN) receives a reiterated buy rating, supported by strong Q2 results and robust operational execution post-Coterra merger. DVN beat Q2 guidance, generated $1.655 billion adjusted FCF, and returned over $1 billion to shareholders via debt reduction, buybacks, and a raised dividend. Management targets $1 billion in annual run-rate synergies and projects FY 2026 EPS growth near 40% to $5.42, with a tightened production outlook.

It has been about a month since the last earnings report for Devon Energy (DVN - Free Report) . Shares have added about 16.5% in that time frame, outperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Devon Energy due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for Devon Energy Corporation before we dive into how investors and analysts have reacted as of late.

Devon Q2 Earnings Surpass Estimates on Strong Oil Output and Pricing

Devon Energy Corporation reported second-quarter 2026 adjusted earnings of $1.57 per share, beating the Zacks Consensus Estimate of $1.30 by 20.77%.

GAAP earnings were $2.03 per share, up 44% from $1.41 a year ago.

Total RevenuesRevenues of $7.41 billion surpassed the consensus estimate of $6.29 billion by 17.81% and increased 73.1% year over year. Strong oil pricing and contributions from the Coterra Energy merger supported the results.

Oil, gas and natural gas liquids sales totaled $5.11 billion compared with $2.71 billion in the year-ago quarter. Marketing and midstream revenues increased to $1.90 billion from $1.34 billion.

Oil, gas and NGL derivatives generated revenues of $414 million compared with $236 million a year earlier. The latest figure included $530 million of positive derivative valuation changes, partly offset by $116 million of cash settlement losses.

Devon’s Production PerformanceTotal production averaged 1,359 thousand barrels of oil equivalent per day (MBoe/d), up 61.6% year over year from 841,000 Boe/d. Devon completed its merger with Coterra on May 7, meaning the quarterly figures included combined operations for part of the period. The production level was 1.6% higher than the midpoint of management’s guidance.

Oil production rose 30% year over year to 503,000 barrels per day. NGL output climbed 41.4% to 314,000 barrels per day, while natural gas production increased to 3,252 million cubic feet per day from 1,388 million cubic feet. Better-than-expected well performance in the Delaware Basin supported oil and gas volumes.

DVN Benefits From Strong Oil RealizationsRealized oil prices, including cash settlements, were up 39.9% year over year to $88.09 per barrel from $62.97 in the prior-year quarter. Excluding hedges, oil realizations were $95.10 per barrel.

Realized NGL prices increased to $22.70 per barrel from $17.82. However, realized natural gas prices, including cash settlements, declined to $1.05 per thousand cubic feet from $1.56. Regional Waha pricing was pressured by infrastructure constraints in the Delaware Basin.

Devon Keeps Capital Spending DisciplinedCapital expenditures were $1.27 billion, 2% below the midpoint of management’s guidance. The company placed 120 net operated wells online during the quarter, with an average lateral length of 10,800 feet.

The Permian accounted for $731 million of capital spending, followed by $196 million in the Rockies. Eagle Ford, Anadarko and Marcellus expenditures were $97 million, $129 million and $70 million, respectively. Devon acquired 16,300 net Delaware Basin acres for $2.6 billion, adding approximately 400 top-tier locations.

DVN Generates Robust Free Cash FlowNet cash from operating activities was $3.67 billion compared with $1.55 billion a year ago. Adjusted operating cash flow was $2.9 billion, while adjusted free cash flow totaled roughly $1.7 billion, excluding after-tax restructuring costs.

Devon returned $1.06 billion through dividends, share repurchases and debt retirement. It repurchased 4.3 million shares for $197 million and paid $366 million in dividends. The quarterly fixed dividend was raised 33% to 32 cents per share.

Devon Provides GuidanceFor the third quarter of 2026, total production is expected between 1,660 MBoe/d and 1,690 MBoe/d. Oil production is projected in the range of 550,000-560,000 barrels per day. Third-quarter capital expenditures are anticipated between $1.4 billion and $1.5 billion.

Devon maintained its full-year guidance, calling for total production of 1,364 MBoe/d to 1,398 MBoe/d and capital spending of $4.8-$5 billion. 2026 Oil production is expected to be in the range of 495,000-505,000 barrels per day. Natural gas production for 2026 is expected to be in the range of 3,300-3,400 million cubic feet per day.

Management remains on track to achieve at least $1 billion in annual pre-tax merger synergies on a run-rate basis by the end of 2027.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates revision.

The consensus estimate has shifted 9.24% due to these changes.

VGM ScoresCurrently, Devon Energy has a great Growth Score of A, a score with the same score on the momentum front. Charting a somewhat similar path, the stock has a score of B on the value side, putting it in the second quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Interestingly, Devon Energy has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerDevon Energy belongs to the Zacks Oil and Gas - Exploration and Production - United States industry. Another stock from the same industry, Range Resources (RRC - Free Report) , has gained 11.4% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.

Range Resources reported revenues of $795.3 million in the last reported quarter, representing a year-over-year change of +8.5%. EPS of $0.79 for the same period compares with $0.66 a year ago.

Range Resources is expected to post earnings of $0.67 per share for the current quarter, representing a year-over-year change of +17.5%. Over the last 30 days, the Zacks Consensus Estimate has changed +5.6%.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Range Resources. Also, the stock has a VGM Score of B.

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Stock to Watch: Devon Energy (DVN - Free Report) Devon Energy Corporation, based in Houston, is an independent energy company engaged primarily in the exploration, development and production of oil and natural gas. The company’s oil and gas operations are concentrated onshore in the United States. Devon was founded in 1971.

DVN is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

Momentum investors should take note of this Oils-Energy stock. DVN has a Momentum Style Score of A, and shares are up 11.4% over the past four weeks.

Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.03 to $5.20 per share. DVN also boasts an average earnings surprise of +9.5%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, DVN should be on investors' short list.

Callan Family Office LLC purchased a new stake in Devon Energy Corporation (NYSE:DVN – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 45,243 shares of the energy company’s stock, valued at approximately $1,869,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DVN. BlackRock Inc. lifted its holdings in shares of Devon Energy by 57.6% in the second quarter. BlackRock Inc. now owns 95,378,854 shares of the energy company’s stock valued at $3,941,054,000 after purchasing an additional 34,871,366 shares in the last quarter. State Street Corp boosted its position in shares of Devon Energy by 0.6% in the fourth quarter. State Street Corp now owns 35,542,293 shares of the energy company’s stock worth $1,301,914,000 after buying an additional 212,074 shares during the period. Geode Capital Management LLC grew its holdings in shares of Devon Energy by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 19,177,835 shares of the energy company’s stock valued at $700,238,000 after buying an additional 186,743 shares in the last quarter. Victory Capital Management Inc. raised its position in Devon Energy by 17.5% during the fourth quarter. Victory Capital Management Inc. now owns 13,916,979 shares of the energy company’s stock valued at $509,779,000 after buying an additional 2,071,021 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Devon Energy by 137.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 9,628,124 shares of the energy company’s stock worth $397,834,000 after acquiring an additional 5,573,172 shares in the last quarter. Institutional investors and hedge funds own 69.72% of the company’s stock.

Analyst Upgrades and Downgrades DVN has been the topic of a number of research reports. Susquehanna upped their target price on Devon Energy from $57.00 to $63.00 and gave the company a “positive” rating in a report on Tuesday, July 21st. Zacks Research cut shares of Devon Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Wall Street Zen raised shares of Devon Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Argus reiterated a “buy” rating and issued a $45.85 price objective on shares of Devon Energy in a research note on Monday, August 17th. Finally, Roth Capital reiterated a “buy” rating and issued a $57.00 price objective on shares of Devon Energy in a research note on Tuesday, April 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.15.

Get Our Latest Report on Devon Energy Key Devon Energy News Here are the key news stories impacting Devon Energy this week:

Positive Sentiment: Zacks Research raised its Q2 2027 EPS forecast to $1.05 from $1.03 and its FY2028 estimate to $4.76 from $4.73. These modest upgrades suggest some confidence in Devon Energy’s longer-term earnings potential. Zacks Research Raises Earnings Estimates for Devon Energy Neutral Sentiment: Devon Energy announced a major executive leadership reshuffle effective August 20. The change could improve execution or strategic focus, but the available report does not provide enough detail to determine its financial impact. Devon Energy Announces Major Executive Leadership Reshuffle Neutral Sentiment: Analysts published commentary covering Devon Energy and Plains All American, but the available headline does not disclose a specific rating change, target-price adjustment, or forecast that would clearly move DVN shares. Analysts Offer Insights on Energy Companies: Plains All American and Devon Energy Negative Sentiment: Zacks cut its Q3 2026 EPS forecast to $1.13 from $1.24, Q3 2027 to $0.89 from $1.19, Q4 2027 to $1.04 from $1.23, and FY2027 to $4.29 from $4.70. The reductions outweigh the small upward revisions and may pressure sentiment. Zacks maintains a “Hold” rating. Devon Energy Stock Performance Shares of NYSE DVN opened at $49.19 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.72 and a quick ratio of 0.67. Devon Energy Corporation has a one year low of $31.47 and a one year high of $52.71. The business’s 50-day moving average price is $43.73 and its two-hundred day moving average price is $45.48. The company has a market capitalization of $54.11 billion, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 1.35 and a beta of 0.38.

Devon Energy (NYSE:DVN – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The energy company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.17. The company had revenue of $7.42 billion during the quarter, compared to the consensus estimate of $6.01 billion. Devon Energy had a return on equity of 14.93% and a net margin of 16.67%.The business’s quarterly revenue was up 73.1% on a year-over-year basis. During the same period last year, the business earned $0.84 EPS. Analysts anticipate that Devon Energy Corporation will post 5.2 earnings per share for the current fiscal year.

Devon Energy Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.32 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.6%. Devon Energy’s dividend payout ratio is currently 30.40%.

Insiders Place Their Bets In related news, SVP Andrea Alexander sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $46.74, for a total transaction of $841,320.00. Following the transaction, the senior vice president owned 138,529 shares of the company’s stock, valued at approximately $6,474,845.46. This trade represents a 11.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.58% of the company’s stock.

Devon Energy Company Profile (Free Report)

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.

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