Roth/MKM Reiterates Buy Rating on Devon Energy (DVN)

Roth/MKM analyst Nick Pope reiterated a Buy rating and $42.00 price target on Devon Energy (NYSE: DVN)

The analyst comments: "We dive into our DVN production model for 2026 to understand the asset levelimplications of its early November guidance for production and CAPEX. We areslightly ahead of company guidance for production for 2026, and in line with itsCAPEX guidance. We focused on capital efficiency of the Bakken with a detailedanalysis of the base decline of the asset with well-level detail. We expect Bakkenwill see the larger declines of the company's four primary producing asset in 2026.We think DVN's valuation remains compelling and reiterate our Buy rating, $42 PT"

For an analyst ratings summary and ratings history on Devon Energy click here. For more ratings news on Devon Energy click here.

Shares of Devon Energy closed at $36.82 yesterday.

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