Devon Energy Corporation (DVN) earnings on August 4, 2026
More Devon Energy Corporation earnings
Prior outlook: Optimistic Outcome: Partial
Devon Energy's stock fell 4.06% after its earnings report, even though its quarterly numbers beat analyst estimates. The price dropped to a low of -4.19% during the day.
DVN price around the earnings
42.09
Change: -4.1%
2026-08-05, 20:00 UTC
Start of the measured window
End of the measured window
42.06
43.02
43.98
44.94
43.88
August 4, 2026
August 5, 2026
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Optimistic Outcome: Partial
- Thesis published
- Results released
Analysts cite a price target about 35% above the current price, but 25% beat rate and negative growth create fundamental tension; volatile trajectory suggests conditions after a strong recent rise.
Context analyzed before publication
- Trend
- Score swung from -30.6 to +29.2 over 5 days — extreme volatility suggests pre-event positioning; recent bounce may be te
Analysts
Evidence
- Analyst consensus
- Strong buy
- Consensus average (1-5)
- 1.3
- Analysts covering the stock
- 26
- Average price target
- 59.38
- Lowest price target
- 44
- Highest price target
- 68
- Upside to price target
- 35.2%
- Quarterly earnings growth
- -75.7%
- Revenue growth
- -0.8%
- Forward EPS
- 5.24
- Trailing EPS
- 3.54
- Analyst moves in the last 60 days
- 9
- Strong buy: 4
- Buy: 21
- Hold: 2
- Sell: 0
- Strong sell: 0
- Strong buy
- 4
- Buy
- 21
- Hold
- 2
- Sell
- 0
- Strong sell
- 0
- July 21, 2026 · Susquehanna: Maintains rating (Positive → Positive)
- July 16, 2026 · Raymond James: Maintains rating (Strong Buy → Strong Buy)
- July 15, 2026 · UBS: Maintains rating (Buy → Buy)
- July 9, 2026 · Truist Securities: Maintains rating (Buy → Buy)
- July 8, 2026 · JP Morgan: Maintains rating (Overweight → Overweight)
- June 29, 2026 · Morgan Stanley: Maintains rating (Overweight → Overweight)
- June 15, 2026 · Raymond James: Maintains rating (Strong Buy → Strong Buy)
- June 10, 2026 · UBS: Maintains rating (Buy → Buy)
- June 10, 2026 · Evercore ISI Group: Upgrades rating (In-Line → Outperform)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- High
- Normalized volume
- 99%
News
Sources (5)
- 'Devon Said to Mull $4 Billion Exit From Eagle Ford, Powder River' - Bloomberg (opens in a new tab) — Benzinga
- Susquehanna Maintains Positive on Devon Energy, Raises Price Target to $63 (opens in a new tab) — Benzinga
- Raymond James Maintains Strong Buy on Devon Energy, Lowers Price Target to $64 (opens in a new tab) — Benzinga
- UBS Maintains Buy on Devon Energy, Lowers Price Target to $54 (opens in a new tab) — Benzinga
- Truist Securities Maintains Buy on Devon Energy, Lowers Price Target to $61 (opens in a new tab) — Benzinga
Technicals
Evidence
- Price when the context was analyzed
- 44.59
- Average true range (ATR)
- 2.9%
- Distance to 52-week high
- -15.1%
- 14-day change (14d)
- +1.8%
- 30-day change (32d)
- +10.2%
- 30-day relative strength
- +8.4%
- SPY change (32d)
- +1.7%
- Nearest support
- 44.53
- Distance to nearest support
- 0.1%
- Nearest resistance
- 44.79
- Distance to nearest resistance
- 0.4%
- Volume accumulation ratio (14d / 46d)
- 0.81
- Mid: 44.53 (0.1% away, 0.05 ATR, 14 touches)
- Mid: 44.25 (0.8% away, 0.27 ATR, 26 touches)
- Major: 43.8 (1.8% away, 0.62 ATR, 20 touches)
- Major: 44.79 (0.4% away, 0.15 ATR, 23 touches)
- Minor: 45.16 (1.3% away, 0.44 ATR, 7 touches)
- Major: 45.45 (1.9% away, 0.67 ATR, 24 touches)
Trends
Evidence
- Average earnings surprise
- +0.5%
- May 5, 2026: actual EPS 1.04 vs estimate 1.09 (surprise -4.9%)
- February 17, 2026: actual EPS 0.82 vs estimate 0.83 (surprise -0.8%)
- November 5, 2025: actual EPS 1.04 vs estimate 0.94 (surprise +10.6%)
- August 5, 2025: actual EPS 0.84 vs estimate 0.86 (surprise -2.8%)
Expected move
- Implied move
- +3.9%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 2.3%
- 75th percentile move
- 7.4%
- 90th percentile move
- 10%
- Up / down moves
- 9 / 11
- Average up move
- +3.2%
- Average down move
- -4.6%
Monitoring and close
What Devon Energy Corporation reported
- Status
- Finished
| Actual EPS | 1.57 |
|---|---|
| EPS estimate | 1.39 |
| EPS surprise | +12.9% |
Devon Energy beat expectations in Q2 2026, with adjusted earnings of $1.57 per share and sales of $7.42 billion, surpassing estimates. The company also provided third-quarter outlook.
Sources (6)
- Devon Energy (DVN) Q2 Earnings and Revenues Beat Estimates (opens in a new tab) — Zacks
- Devon Energy (NYSE:DVN) Reports Strong Q2 CY2026 (opens in a new tab) — StockStory
- Update: Devon Energy Q2 Adj. EPS $1.57 Beats $1.39 Estimate, Sales $7.417B Beat $6.249B Estimate (opens in a new tab) — Benzinga
- Devon Energy beat expectations with adjusted earnings of $1.57 per share, versus the $1.39 estimate. — Benzinga
- Devon Energy Q2 Adj. EPS $1.57 Beats $1.39 Estimate (opens in a new tab) — Benzinga
- Devon Energy Reports Second-Quarter 2026 Results (opens in a new tab) — Yahoo
Pre-market second reading after the results
- Verdict
- Beat expectations
Heading into the open, results beat expectations and the price is indicating +0.6% pre-market, a move below the stock's usual reaction (about 2%). The figures don't confirm the prior scenario: that move is too small to draw conclusions from.
How the stock reacted
- Outcome
- Partial
- Consolidated
- -4.1%
- Max favorable move (MFE)
- 2.5%
- Max adverse move (MAE)
- 4.2%