Devon Energy (DVN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Devon Energy shares have fallen near $30, tracking the decline in oil prices. The energy company has plans for a $1 billion optimization, boosting already strong free cash flows. Energy price volatility presents both risks and potential upside for patient investors at these levels with the stock offering a net payout yield of nearly 10% and future dividend upside.
DVN's interlinked position to the volatile oil/ gas spot prices have already triggered the moderating stock prices, as similarly observed in its peers. This is especially since the new US administration's tariffs trigger higher recessionary risks, with the IEA downgrading the global oil demand growth in 2025. Even so, DVN has made great efforts to emerge stronger from the ongoing market uncertainties, with the expanded production outputs well balancing the decline in spot prices.
DVN benefits from its multi-basin assets and high-margin oil and gas assets. Earnings estimates for DVN are going down, so new investors should wait for a better entry point.
While the top- and bottom-line numbers for Devon Energy (DVN) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Zacks.com users have recently been watching Devon Energy (DVN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Devon Energy Corporation (NYSE:DVN ) Q1 2025 Results Conference Call May 7, 2025 11:00 AM ET Company Participants Rosy Zuklic - VP, IR Clay Gaspar - CEO Jeff Ritenour - CFO Trey Lowe - SVP Technology and CTO John Raines - SVP E&P Asset Management Tom Hellman - senior vice president, E&P Conference Call Participants Neil Mehta - Goldman Sachs Arun Jayaram - J.P. Morgan Paul Cheng - Scotiabank Scott Hanold - RBC Capital Markets Kalei Akamine - Bank of America John Freeman - Raymond James Betty Jiang - Barclays Kevin MacCurdy - Pickering Energy Partners Matthew Portillo - TPH Operator Welcome to Devon Energy's First Quarter 2025 Conference Call.
DVN's total revenues in the first quarter are better than expected. Strong production volumes from the Rockies region continue to boost the total production.
Devon Energy (DVN) came out with quarterly earnings of $1.21 per share, missing the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.16 per share a year ago.
Devon Energy (DVN) closed the most recent trading day at $31.44, moving +0.9% from the previous trading session.
Evaluate the expected performance of Devon Energy (DVN) for the quarter ended March 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
DVN stock's first-quarter earnings are expected to gain from strong production volumes from multi-basin domestic assets. Systematic hedges also protect its production volumes.