William Blair Initiates Coverage on Devon Energy (DVN) Stock

Devon Energy Corporation (NYSE:DVN) is one of the Best Oil and Gas Stocks to Buy According to Analysts. On August 25, William Blair initiated coverage on the company’s stock with a “Buy” rating. The firm’s rating is backed by a combination of factors demonstrating the company’s healthy financial and operational position. Devon Energy Corporation (NYSE:DVN)’s strategic asset management, as well as active midstream marketing, supports its financial health.

Devon Energy Corporation (NYSE:DVN) possesses a high shareholder return rate, thanks to the strong balance sheet, according to the firm’s analyst. In Q2 2025, the company achieved production of 841,000 oil equivalent production (Boe) per day, surpassing the top-end of its guidance. Devon Energy Corporation (NYSE:DVN)’s business optimization plan continues to progress rapidly, placing it to achieve $1 billion in annual pre-tax FCF by 2026 end. For the second consecutive quarter, the company reduced its 2025 capital by $100 million while raising production forecasts, further enhancing its FCF trajectory.

For FY 2025, the company expects its oil production to be in the range of 384,000 – 390,000 barrels per day.

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Disclosure: None. This article is originally published at Insider Monkey.