Devon Energy (DVN) Target Increased to $50 by Roth Capital After Strong Results

NodeGuardian · 2026-03-04T11:40:45+00:00

Roth Capital raised its price target for Devon Energy to $50, maintaining a Buy rating due to strong Q4 2025 results highlighted by solid oil production and increased revenues. The company plans to boost its dividend and explore share buybacks post-merger with Coterra Energy.

NodeGuardian

2026-03-04 11:40:45

Abstract generation in progress

Roth Capital has increased its price target for Devon Energy (DVN) to $50 from $42, reiterating a Buy rating following the company’s strong Q4 2025 results. The analyst cited robust oil production, particularly from the Delaware Basin, as a key factor. Devon Energy reported revenues of $4.12 billion, exceeding consensus, and plans to increase its quarterly dividend and consider a new share repurchase authorization after its merger with Coterra Energy.

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