• Josh Silverstein from UBS sets a price target of $46 for Devon Energy Corporation (NYSE:DVN), indicating a potential upside of 22.52%.
• Devon Energy is considered a deep-value buy with strong fundamentals and strategic market positioning.
• The company demonstrates capital efficiency and a healthier balance sheet, with a focus on natural gas production.

Devon Energy Corporation (NYSE:DVN) is a prominent player in the oil and gas industry, focusing on exploration, development, and production. The company operates primarily in the United States and is known for its efficient capital management and strategic focus on natural gas. Devon competes with other major players in the upstream and diversified oil and gas sectors.

On December 12, 2025, Josh Silverstein from UBS set a price target of $46 for Devon Energy, suggesting a potential upside of approximately 22.52% from its current price of $37.55. This optimistic outlook is supported by Devon's strong fundamentals and strategic positioning in the market, as highlighted by StreetInsider.

Devon Energy is currently viewed as a deep-value buy due to its discounted valuations compared to its peers. The company has demonstrated 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, which aligns with the growing demand from data centers.

Despite suspending its variable dividends, Devon Energy offers a modest forward yield of 2.56%. Shareholder returns remain robust, supported by share buybacks. The company's market capitalization stands at approximately $24 billion, reflecting its significant presence in the industry.

The current stock price of Devon Energy is $37.55, showing a decrease of approximately 2.25% with a drop of $0.87 today. The stock's price has fluctuated between $37.32 and $38.16 during the trading day. Over the past year, it has reached a high of $38.88 and a low of $25.89, indicating some volatility in its performance.