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

1 week ago 12

Noor Ul Ain Rehman

Sun, March 15, 2026 astatine 1:49 PM CDT 2 min read

Devon Energy Corporation (NYSE:DVN) is 1 of the astir undervalued vigor stocks to bargain now. On March 13, Barclays lifted the terms people connected Devon Energy Corporation (NYSE:DVN) to $54 from $52 portion reiterating an Overweight standing connected the shares. The steadfast told investors successful a probe enactment that it raised its 2026 lipid terms estimates connected the Iran war, and believes that the currency travel tailwinds are inactive underappreciated for the exploration and accumulation group. Barclays further stated that though the lipid spike is not apt to past for long, the marketplace is underappreciating the currency travel payment and the “durable benefit” it volition person connected the group’s capableness to assistance currency returns beyond the conflict.

Scotiabank Lowers Devon Energy (DVN) Price Target, Sees Balanced Risk-Reward Outlook

In different development, Piper Sandler lifted the terms people connected Devon Energy Corporation (NYSE:DVN) to $67 from $59 connected March 12, keeping an Overweight standing connected the shares and citing its accrued terms platform for the people bump. The steadfast told investors that amid the Iran war, it accrued its mid-cycle crude terms forecast to $75 per tube from $70, and anticipates lasting proviso impacts. It besides stated that higher prices are required to incentivize concern successful production.

Devon Energy Corporation (NYSE:DVN) is progressive successful the exploration, development, and accumulation of lipid and earthy state properties. The institution operates and develops the Delaware Basin, Eagle Ford, Heavy Oil, Barnett Shale, STACK, and Rockies Oil.

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