Devon Energy (DVN) Projected to Release Earnings on Thursday

by · The Markets Daily

Devon Energy (NYSE:DVN – Get Free Report) is expected to be posting its Q3 2026 results after the market closes on Thursday, November 5th. Analysts expect the company to post earnings of $1.31 per share and revenue of $6.57 billion for the quarter. Individuals are encouraged to explore the company’s upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Friday, November 6, 2026 at 11:00 AM ET.

Devon Energy (NYSE:DVN – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The energy company reported $1.57 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $6.01 billion. During the same period last year, the firm posted $0.84 earnings per share. Devon Energy’s revenue was up 73.1% compared to the same quarter last year. On average, analysts expect Devon Energy to post $5.49 EPS for the current fiscal year and $5.41 EPS for the next fiscal year.

Devon Energy Price Performance

Shares of NYSE:DVN opened at $48.58 on Tuesday. Devon Energy has a fifty-two week low of $31.91 and a fifty-two week high of $52.71. The business has a 50-day simple moving average of $48.89 and a two-hundred day simple moving average of $45.89. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.67 and a current ratio of 0.72. The firm has a market cap of $53.44 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 1.33 and a beta of 0.49.

Analyst Ratings Changes

DVN has been the topic of a number of recent analyst reports. Susquehanna raised their price target on shares of Devon Energy from $57.00 to $63.00 and gave the company a “positive” rating in a report on Tuesday, July 21st. Mizuho decreased their price objective on shares of Devon Energy from $68.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Scotiabank assumed coverage on shares of Devon Energy in a research report on Wednesday, October 14th. They set a “sector outperform” rating and a $61.00 price objective on the stock. Seaport Research Partners assumed coverage on shares of Devon Energy in a report on Thursday, September 3rd. They issued a “buy” rating and a $65.00 target price on the stock. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $67.00 target price on shares of Devon Energy in a research report on Tuesday, October 6th. 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.72.

Check Out Our Latest Report on DVN

Insider Activity at Devon Energy

In other Devon Energy news, CEO Clay Gaspar bought 3,913 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was bought at an average cost of $51.08 per share, for a total transaction of $199,876.04. Following the completion of the transaction, the chief executive officer owned 619,152 shares of the company’s stock, valued at $31,626,284.16. This represents a 0.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Ferrall Lowe III sold 6,756 shares of the company’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 transaction of $344,218.20. Following the sale, the executive vice president directly owned 72,720 shares of the company’s stock, valued at approximately $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. Insiders own 4.58% of the company’s stock.

Devon Energy Company Profile

(Get 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 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.

Featured Stories