• UBS upgraded Devon Energy Corporation (NYSE:DVN) to a "Buy" rating, indicating a positive shift in financial health and operational efficiency.
• Devon Energy is recognized as a deep-value buy with capital efficiency, a healthier balance sheet, and reduced capital expenditure intensity.
• The company offers a modest forward yield of 2.56%, with strong shareholder returns supported by share buybacks.

Devon Energy Corporation, listed on the NYSE under the symbol DVN, is a prominent player in the oil and gas industry. The company focuses on the exploration, development, and production of oil, natural gas, and natural gas liquids. Devon Energy competes with other major firms in the upstream and diversified oil and gas sectors.

On December 12, 2025, UBS upgraded Devon Energy to a "Buy" rating from its previous "Underperform" status. At the time of this upgrade, the stock price was $37.55. This upgrade reflects a positive outlook on Devon's financial health and operational efficiency, as highlighted by StreetInsider.

Devon Energy is currently seen as a deep-value buy due to its discounted valuations compared to its peers. The company has shown capital efficiency with a healthier balance sheet and reduced capital expenditure intensity. This efficiency is evident in its increased production output, particularly in natural gas.

Despite suspending its variable dividends, Devon Energy offers a modest forward yield of 2.56%. Shareholder returns remain strong, supported by share buybacks. The company's market capitalization stands at approximately $24 billion, with a trading volume of 4.83 million shares.

The current stock price of Devon Energy is $37.55, reflecting a decrease of about 2.25%. The stock has fallen by $0.87 today, with a trading range from $37.32 to $38.16. Over the past year, the stock has seen a high of $38.88 and a low of $25.89.