Devon Energy valuation ‘remains compelling,’ says Roth Capital

Roth Capital models Devon Energy’s (DVN) 2026 production slightly above its production guidance. The firm expects the Bakken will see the larger declines of the company’s four primary producing assets in 2026. Devon’s valuation “remains compelling” for a company with strong free cash flow generation, the analyst tells investors in a research note. Roth reiterates a Buy rating on the shares with a $42 price target