Mizuho Reaffirms Outperform Rating on Devon Energy Corporation (DVN) as Q4 Revenue Beats Estimates at $4.12 Billion

6 days ago 4

Sheryar Siddiq

Tue, March 3, 2026 astatine 3:30 AM CST 2 min read

Devon Energy Corporation (NYSE:DVN) ranks among the best outpouring stocks to bargain close now. Mizuho reaffirmed its Outperform standing and $51 terms people for Devon Energy Corporation (NYSE:DVN) connected February 18. The institution raked successful adjusted net per stock of $0.82, which matched the mean estimate. Meanwhile, gross for the 4th came successful astatine $4.12 billion, beating expert projections of $4.03 billion. Devon Energy Corporation (NYSE:DVN) besides outperformed expectations successful presumption of escaped currency travel and EBITDA, according to Mizuho.

Mizuho Reaffirms Outperform Rating connected Devon Energy Corporation (DVN) arsenic Q4 Revenue Beats Estimates astatine $4.12 Billion

Although wintertime tempest Fern affected first-quarter 2026 volumes, causing them to autumn somewhat abbreviated of projections, standalone 2026 guidance was mostly successful enactment with expectations. The company’s Business Optimization Plan, which aims to prevention astir $1 cardinal overall, is 85% accomplished and connected docket for the extremity of 2026.

Devon Energy Corporation (NYSE:DVN) besides reported a astir 15% ownership concern successful Fervo Energy done a Series E backing deal. Mizuho stated that it volition question much details connected however the Fervo Energy concern relates to the merged company’s shale and Delaware Basin inventories.

Devon Energy Corporation (NYSE:DVN) is simply a salient subordinate successful the United States vigor market, specializing successful the exploration, development, and accumulation of oil, earthy gas, and earthy state liquids.

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