Devon Energy (DVN) Target Increased to $50 by Roth Capital After Strong Results

Devon Energy Corporation (NYSE:DVN) is among the 15 Undervalued Momentum Stocks That Are Taking Off.

Following Devon Energy Corporation’s (NYSE:DVN) Q4 2025 results, Nick Pope, an expert astatine Roth Capital, raised his terms people connected the banal from $42 to $50 and reiterated a Buy standing connected February 19. The expert attributed the beardown results to robust lipid production, peculiarly by the Delaware Basin asset.

For Q4 reported connected February 17, Devon Energy Corporation (NYSE:DVN) reported gross of $4.12 billion, down 6.4% twelvemonth implicit twelvemonth but 14% up of the statement of $3.61 billion. Adjusted EPS was $0.82, which was lone somewhat beneath the thoroughfare anticipation of $0.83. On production, the institution averaged 390,000 barrels of lipid per time successful the 4th quarter, astatine the apical extremity of its guidance. This accounted for 46% of full production, which stood astatine 851,000 barrels of lipid equivalent per time (Boe/d). The institution generated adjusted escaped currency travel of $702 cardinal for Q4 (vs. $738 cardinal successful Q4/24) and $3.12 cardinal for the afloat year.

For Q1 2026, the interaction of terrible wintertime is expected to trim accumulation by 1%, oregon by 10,000 Boe/d. Capex is expected to beryllium astir $900 million. The institution is besides readying to summation its quarterly dividend complaint by 31% to $0.315 per stock pursuing the merger with Coterra Energy. A caller stock repurchase authorization of implicit $5 cardinal is besides being considered aft the merger is completed.

Devon Energy Corporation (NYSE:DVN) is simply a starring U.S. lipid and state shaper with a diversified multi-basin portfolio, led by its Delaware Basin assets.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.