Goldman Sachs Remains Bullish on Devon Energy (DVN) Following Q3 2025 Results

With important hedge money interest, Devon Energy Corporation (NYSE:DVN) secures a spot connected our database of the 12 champion commodity stocks to bargain close now.

On November 13, 2025, Goldman Sachs’ Neil Mehta reiterated a “Buy” standing connected Devon Energy Corporation (NYSE:DVN) with a $42 terms target.

Earlier, connected November 12, 2025, Devon Energy Corporation (NYSE:DVN) saw RBC Capital reiterate its “Sector Perform” standing with a $42 terms target. The concern steadfast cited the company’s ongoing concern optimization efforts, which RBC Capital believes stay underappreciated by the market. Furthermore, the steadfast highlighted the company’s archetypal 2026 guidance, which projects reduced superior expenditures and somewhat higher accumulation levels.

Meanwhile, Devon Energy Corporation (NYSE:DVN) reported its Q3 2025 results connected November 6. The 4th marked a procreation of $1.7 cardinal successful operating currency travel and $820 cardinal successful escaped currency flow. Furthermore, the institution returned $401 cardinal to shareholders done dividends and stock repurchases. The 4th besides saw a $485 cardinal simplification successful nett debt, bringing full indebtedness simplification to astir $1 cardinal toward the company’s $2.5 cardinal target. Thus, nett leverage reached a debased level of 0.9x (net debt-to-EBITDA ratio). At the aforesaid time, the recorded accumulation during the 4th exceeded guidance, with operating costs reducing by 5% from the commencement of the year.

Looking ahead, Devon Energy Corporation (NYSE:DVN) aims to put $3.5-$3.7 cardinal successful capital, which is expected to support unchangeable accumulation levels and boost escaped currency flow.

Devon Energy Corporation (NYSE:DVN), an autarkic lipid and state producer, focuses connected exploration, production, and improvement crossed its onshore assets.

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