Feb. 24 at 1:12 PM
$DVN Devon Energy (DVN) Target Increased to
$50 by Roth Capital After Strong Results. Following Devon Energy Q4 2025 results, Nick Pope, an analyst at Roth Capital, raised his price target on the stock from
$42 to
$50 and reiterated a Buy rating on February 19. The analyst attributed the strong results to robust oil production, particularly by the Delaware Basin asset. The company is also planning to increase its quarterly dividend rate by 31% to
$0.315 per share following the merger with Coterra Energy. A new share repurchase authorization of over
$5 billion is also being considered after the merger is completed.