Devon Energy (DVN) Set to Announce Earnings on Thursday

Devon Energy (NYSE:DVN) is expected to issue its Q3 2026 results after the market closes on Thursday, November 5th. Analysts expect Devon Energy to post earnings of $1.33 per share and revenue of $6.57 billion for the quarter. Investors may visit the company’s upcoming Q3 2026 earnings report for the latest details on the call scheduled for Friday, November 6, 2026 at 11:00 AM ET.

Devon Energy (NYSE:DVN) last issued its quarterly earnings data on Tuesday, August 4th. The energy company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.17. The firm had revenue of $7.42 billion for the quarter, compared to analyst estimates of $6.01 billion. Devon Energy had a net margin of 16.67% and a return on equity of 14.93%. The company’s revenue for the quarter was up 73.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 earnings per share. 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

NYSE DVN opened at $47.58 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $52.34 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 1.27 and a beta of 0.43. The company has a 50 day moving average price of $48.88 and a two-hundred day moving average price of $45.94. Devon Energy has a 12-month low of $31.91 and a 12-month high of $52.71.

Insider Transactions at Devon Energy

In other Devon Energy news, EVP Robert Ferrall Lowe III sold 6,756 shares of the firm’s stock in a transaction that occurred 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 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Clay M. Gaspar bought 3,913 shares of the stock in a transaction on Monday, September 14th. The stock was acquired at an average cost of $51.08 per share, for a total transaction of $199,876.04. Following the acquisition, the chief executive officer directly owned 619,152 shares in the company, valued at approximately $31,626,284.16. The trade was a 0.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 4.58% of the company’s stock.

Devon Energy News Roundup

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

• Positive Sentiment: Pre-earnings coverage points to rising analyst estimates, production prospects and potential synergies from the Coterra merger—factors that could support results and the outlook. These are expectations, not reported Q3 results. Devon Energy to Report Q3 Earnings: Buy, Sell or Hold the Stock?
• Positive Sentiment: A Zacks article characterized DVN as a strong value stock, which may appeal to value-focused investors, though the supplied details do not give a specific valuation target. Here’s Why Devon Energy (DVN) is a Strong Value Stock
• Neutral Sentiment: Analyst previews examine expected Q3 metrics for the quarter ended September 2026, but the articles provided do not include specific forecasts or actual results. Investors may look to the report for confirmation of estimates and production trends. What Analyst Projections for Key Metrics Reveal About Devon Energy (DVN) Q3 Earnings
• Neutral Sentiment: OPEC+ kept its December production plan unchanged. The article cited Brent spot crude at $123.10 per barrel; firm oil prices can support producers like Devon, while supply and commodity-price shifts remain key risks. Oil Enters November With OPEC+ Holding Steady and Five Producers Set to Report

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DVN. Citigroup increased their price target on shares of Devon Energy from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Monday, August 31st. Weiss Ratings raised shares of Devon Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Raymond James Financial upped their price objective on shares of Devon Energy from $64.00 to $67.00 and gave the stock a “strong-buy” rating in a report on Monday, September 14th. Wells Fargo & Company decreased their price objective on shares of Devon Energy from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Monday, September 28th. Finally, Argus reissued a “buy” rating and set a $45.85 target price on shares of Devon Energy in a research report on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.72.

About Devon Energy

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.