Analysts Express Mixed Sentiment on Devon Energy (DVN)

Devon Energy Corporation (NYSE:DVN) is included among the 12 Most Undervalued Natural Gas Stocks to Buy Now.

Analysts Express Mixed Sentiment on Devon Energy (DVN)

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.

While we acknowledge the risk and potential of DVN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DVN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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