Siebert Williams Shank & Co Maintained Buy Rating on Devon Energy (DVN) Stock

Devon Energy Corporation (NYSE:DVN) is one of the Best Low Priced Stocks to Buy According to Analysts. On November 6, Analyst Gabriele Sorbara from Siebert Williams Shank & Co maintained a “Buy” rating on the company’s stock and has a price objective of $46.00.

The analyst’s rating is backed by a combination of factors, which include Devon Energy Corporation (NYSE:DVN)’s favourable financial performance and valuation metrics. It posted Q3 2025 results, which surpassed the expectations in critical areas like DCFPS, EBITDA, and FCF, despite the mixed production and capex guidance for Q4 2025.

In Q3 2025, the company posted net earnings of $687 million, or $1.09 per diluted share, while its total revenues came in at $4.3 billion, an increase from $4.02 billion in Q3 2024. Devon Energy Corporation (NYSE:DVN)’s operating cash flow amounted to $1.7 billion, reflecting a rise of 9% compared to Q2 2025. It financed its capital requirements and had $820 million of FCF for Q3 2025.

For Q4 2025, it expects production of between 828,000 to 844,000 Boe per day, with oil production anticipated to be between 383,000 to 388,000 barrels per day. The analyst stated that the preliminary outlook for 2026 remains in line with expectations, and Devon Energy Corporation (NYSE:DVN) is expected to garner significant FCF at current oil prices, cementing the positive investment thesis.

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