Jefferies analyst Mark Lear reiterated a Buy rating on Energen Corp (NYSE: EGN) today and set a price target of $85. The company’s shares closed yesterday at $73.42, close to its 52-week high of $78.30.
According to TipRanks.com, Lear is a 3-star analyst with an average return of 1.8% and a 50.6% success rate. Lear covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Whiting Petroleum Corp, and Jagged Peak Energy Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Energen Corp with a $83.25 average price target, implying a 13.4% upside from current levels. In a report issued on July 9, Susquehanna also reiterated a Buy rating on the stock with a $91 price target.
.
See today’s analyst top recommended stocks >>
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 1.26M.
Based on the recent corporate insider activity of 82 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.
