Energen Corp Gets a Buy Rating from Susquehanna


In a report issued on July 9, Biju Perincheril from Susquehanna reiterated a Buy rating on Energen Corp (NYSE: EGN), with a price target of $91. The company’s shares closed yesterday at $74.46, close to its 52-week high of $78.30.

According to TipRanks.com, Perincheril is a 5-star analyst with an average return of 18.8% and a 70.7% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Whiting Petroleum Corp, and Jagged Peak Energy Inc.

Energen Corp has an analyst consensus of Moderate Buy, with a price target consensus of $81.50, implying a 9.5% upside from current levels. In a report issued on July 9, Jefferies also reiterated a Buy rating on the stock with a $84 price target.

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The company has a one-year high of $78.30 and a one-year low of $47.74. Currently, Energen Corp has an average volume of 1.27M.

Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EGN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Energen Corp. is an oil and gas exploration and production company. It engages in drilling and development of assets in the Permian Basin of west Texas. The company focuses on return-driven growth from the drilling and development of multiple horizontal shale formations in the Delaware and Midland basins using its Generation 3 frac design.

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