Here is why Devon Energy (DVN) is Among the Best Cheap Large Cap Stocks to Buy Now

1 week ago 9

Jeff Lewis

Sun, April 12, 2026 astatine 4:18 PM CDT 2 min read

Devon Energy Corporation (NYSE:DVN) is 1 of the

8 Cheap Large Cap Stocks to Buy Now. On April 7, 2026, BMO Capital raised the terms people connected Devon Energy Corporation (NYSE:DVN) to $60 from $55 and maintained an Outperform standing arsenic portion of a broader update incorporating Q1 mark-to-market assumptions tied to the Iran warfare and ongoing earthy state oversupply successful North America. BMO Capital said lipid markets stay highly delicate to geopolitical developments, with imaginable outcomes ranging from a $75–$85 per tube scope if flows normalize to $150–$200 successful an escalation scenario, portion maintaining its presumption that the struggle is apt to upwind down by the extremity of April.

On March 27, 2026, Morgan Stanley raised its terms people connected Devon Energy to $59 from $46 and maintained an Overweight rating. Morgan Stanley said oil, LNG, and refining margins are astatine their highest levels since 2022 and whitethorn not revert quickly, raising its 2026 terms assumptions for WTI, NGLs, and refining margins, with EBITDA estimates for North American vigor names expanding significantly.

Here is wherefore Devon Energy (DVN) is Among the Best Cheap Large Cap Stocks to Buy Now

Photo from Sasol Ltd website

On March 23, 2026, Truist initiated sum connected Devon Energy with a Buy standing and a $63 terms target. Truist said activistic unit and developments related to the Coterra transaction could pb to further changes up of the expected Q2 close, portion noting its exemplary assumes the woody proceeds arsenic planned and valuation could amended with palmy integration.

Devon Energy Corporation (NYSE:DVN) explores and produces oil, earthy gas, and earthy state liquids successful the United States.

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