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Stock impact report

Analyst Reiterates ‘Buy' Rating on Devon Energy (DVN) [Yahoo! Finance]

Devon Energy Corporation (DVN) 
Last devon energy corporation earnings: 2/18 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Devon Energy Corporation (NYSE:DVN) is a leading independent energy company engaged in finding and producing oil and natural gas, with operations focused onshore in the United States. On December 31, Roth Capital reiterated its ‘Buy' rating on Devon Energy Corporation (NYSE:DVN) and assigned the stock a price target of $42, indicating an upside potential of almost 15% from the current share price. The analyst believes Devon's valuation ‘remains compelling' given its strong free cash flow generation and expects its 2026 production to be slightly above guidance. Devon Energy Corporation (NYSE:DVN) is projecting to maintain its total output in 2026 at around 845,000 boed, with oil production at approximately 388,000 barrels per day. However, thanks to its ongoing business optimization efforts, the company's capital investment is expected to range from $3.5 billion to $3.7 billion, a $100 million decrease from 2025 levels. Moreover, Devon can fund this program even at a WTI crude pri Show less Read more
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