5 Most Undervalued Natural Gas Stocks to Buy Now

In this article, we will take a look at the 5 Most Undervalued Natural Gas Stocks to Buy Now. For deeper discussion and analysis, have a look at the 12 Most Undervalued Natural Gas Stocks to Buy Now.

5. Devon Energy Corporation (NYSE:DVN)

Forward P/E Ratio as of April 15: 11.01

Devon Energy Corporation (NYSE:DVN) is a leading independent energy company engaged in finding and producing oil and natural gas, with operations focused onshore in the United States.

On April 14, UBS slightly reduced its price target on Devon Energy Corporation (NYSE:DVN) from $61 to $60, but maintained its ‘Buy’ rating on the shares. The trimmed target still represents an upside of over 32% from the current price levels.

That said, earlier on April 7, BMO Capital instead raised its price target on  Devon Energy Corporation (NYSE:DVN) by $5 and kept an ‘Overweight’ rating on the shares (read more details here).

It was announced earlier in February that Devon Energy Corporation (NYSE:DVN) would merge with Coterra Energy to become a large-cap producer with a top position in the Permian Basin. The transaction is expected to close in the second quarter of 2026, with the companies aiming to deliver $1 billion in annual pretax run rate synergies by the end of 2027. The combined entity also plans to lift shareholder returns through higher dividends and a share buyback program of more than $5 billion.