Roth/MKM and UBS Positive on Devon Energy (DVN) After Bakken Capital Efficiency and Cost-Cutting Programs

Devon Energy Corporation (NYSE:DVN) ranks among the best hydrogen and substance compartment stocks to bargain for 2026. On December 31, Roth/MKM reaffirmed its Buy standing connected Devon Energy Corporation (NYSE:DVN), with a $42 terms target. Analyst Nick Pope maintained a bullish outlook connected the institution pursuing a thorough investigation of Devon’s 2026 output model. The firm’s accumulation predictions for 2026 stay somewhat higher than Devon’s ain guide, portion its superior expenditure expectations are accordant with the company’s estimate.

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The survey included an extended investigation of superior ratio successful Devon’s Bakken operations, which employed precise information to measure an asset’s baseline decline.

Additionally, connected December 12, UBS upgraded Devon Energy Corporation (NYSE:DVN) from Neutral to Buy, noting an improving lipid outlook for the second fractional of 2026 and an expected $1 cardinal indebtedness simplification mid-year arsenic large drivers for the company.

UBS expects Devon’s first-half 2026 developments to boost assurance successful the company’s quality to instrumentality its $1 cardinal cost-cutting people by the extremity of the year. The steadfast stated that this cost-cutting program, arsenic good arsenic ongoing superior allocation improvements, enactment UBS’s projection that 2027 superior expenditures volition beryllium astir $200 cardinal little than Street estimates of $3.7 billion.

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. The institution is looking into hydrogen arsenic portion of its vigor transition, examining technologies similar renewable earthy state and c capture, and envisions it arsenic a aboriginal vigor source.

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