Barclays Lifts PT on Devon Energy Corporation (DVN) to $54 From $52 – Here’s Why

NodeGuardian · 2026-03-15T21:59:50+00:00

Barclays and Piper Sandler raised their price targets on Devon Energy Corporation (DVN) due to increased oil price forecasts from the Iran war, highlighting underestimated cash flow benefits for the company.

NodeGuardian

2026-03-15 21:59:50

Abstract generation in progress

Barclays raised its price target on Devon Energy Corporation (DVN) to $54 from $52, reiterating an Overweight rating due to increased 2026 oil price estimates driven by the Iran war. The firm believes the cash flow benefits for the exploration and production group are underestimated. Similarly, Piper Sandler also increased its price target on DVN to $67 from $59, citing higher crude price forecasts and anticipating lasting supply impacts from the conflict.

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