Analyst Reiterates ‘Buy’ Rating on Devon Energy (DVN)

Group 1 - Devon Energy Corporation (NYSE:DVN) is recognized as one of the 10 Best Natural Gas Stocks to Buy Right Now [1] - Roth Capital has reiterated a 'Buy' rating on Devon Energy, setting a price target of $42, indicating an upside potential of nearly 15% from the current share price [3] - The company is projected to maintain total output in 2026 at approximately 845,000 barrels of oil equivalent per day (boed), with oil production around 388,000 barrels per day [4] Group 2 - Devon Energy's capital investment for 2026 is expected to be between $3.5 billion and $3.7 billion, reflecting a $100 million decrease from 2025 levels [4] - The company can sustain its capital program even with WTI crude prices below $45 per barrel, ensuring strong free cash flow generation [4] - Devon Energy is also exploring hydrogen as part of its energy transition strategy and has been included among the 8 Best Hydrogen and Fuel Cell Stocks to Buy Now [5]