Roth/MKM and UBS Positive on Devon Energy (DVN) After Bakken Capital Efficiency and Cost-Cutting Programs

Devon Energy Corporation (NYSE:DVN) ranks among the best hydrogen and fuel cell stocks to buy for 2026. On December 31, Roth/MKM reaffirmed its Buy rating on Devon Energy Corporation (NYSE:DVN), with a $42 price target. Analyst Nick Pope maintained a bullish outlook on the company following a thorough analysis of Devon’s 2026 output model. The firm’s production predictions for 2026 remain somewhat higher than Devon’s own guide, while its capital expenditure expectations are consistent with the company’s es ...