Devon Energy (DVN) Projected to Release Quarterly Earnings on Tuesday

Devon Energy (NYSE:DVN) is anticipated to announce its Q2 2026 results after the market closes on Tuesday, August 4th. Analysts expect Devon Energy to post earnings of $1.40 per share and revenue of $6.0043 billion for the quarter. Investors can find conference call details on the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Wednesday, August 5, 2026 at 11:00 AM ET.

Devon Energy (NYSE:DVN) last released its earnings results on Tuesday, May 5th. The energy company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.02). The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Devon Energy had a return on equity of 15.22% and a net margin of 13.71%.Devon Energy’s quarterly revenue was down 14.5% compared to the same quarter last year. During the same period last year, the firm posted $0.82 EPS. On average, analysts expect Devon Energy to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Devon Energy Price Performance

DVN traded up $0.30 during trading on Tuesday, hitting $43.46. 1,190,529 shares of the company traded hands, compared to its average volume of 13,838,295. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The company has a market cap of $27.00 billion, a PE ratio of 12.09 and a beta of 0.38. The stock’s 50-day simple moving average is $43.96 and its two-hundred day simple moving average is $44.45. Devon Energy has a 1 year low of $31.47 and a 1 year high of $52.71.

Devon Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.32 per share. The ex-dividend date was Monday, June 15th. This is a positive change from Devon Energy’s previous quarterly dividend of $0.24. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.9%. Devon Energy’s dividend payout ratio (DPR) is 35.65%.

Insider Transactions at Devon Energy

In other news, SVP Adam M. Vela sold 24,342 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $47.21, for a total transaction of $1,149,185.82. Following the transaction, the senior vice president owned 130,540 shares of the company’s stock, valued at approximately $6,162,793.40. The trade was a 15.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Andrea Alexander sold 18,000 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $46.74, for a total value of $841,320.00. Following the sale, the senior vice president owned 138,529 shares in the company, valued at $6,474,845.46. The trade was a 11.50% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 112,371 shares of company stock worth $5,258,059. 4.58% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Devon Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Garton & Associates Financial Advisors LLC purchased a new position in shares of Devon Energy during the 4th quarter worth about $29,000. DV Equities LLC bought a new position in Devon Energy during the 4th quarter valued at about $32,000. Palisade Asset Management LLC purchased a new stake in Devon Energy in the 3rd quarter worth about $60,000. Los Angeles Capital Management LLC bought a new stake in Devon Energy in the fourth quarter worth about $99,000. Finally, Transamerica Financial Advisors LLC boosted its position in shares of Devon Energy by 39.7% during the fourth quarter. Transamerica Financial Advisors LLC now owns 2,814 shares of the energy company’s stock valued at $103,000 after buying an additional 799 shares during the period. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Mizuho increased their price target on Devon Energy from $62.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Royal Bank Of Canada lifted their price objective on Devon Energy from $46.00 to $59.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 8th. JPMorgan Chase & Co. lowered their target price on Devon Energy from $62.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Raymond James Financial cut their target price on shares of Devon Energy from $66.00 to $64.00 and set a “strong-buy” rating for the company in a report on Thursday, July 16th. Finally, Barclays boosted their price target on shares of Devon Energy from $54.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Devon Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.56.

Devon Energy Company Profile

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.