Williams Capital Reaffirms Their Buy Rating on Energen Corp

By Jason Carr

Williams Capital analyst Gabriele Sorbara reiterated a Buy rating on Energen Corp (NYSE: EGN) today and set a price target of $76. The company’s shares closed yesterday at $51.85.

According to TipRanks.com, Sorbara is ranked 0 out of 5 stars with an average return of -6.8% and a 38.6% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Oasis Petroleum Inc, and Gastar Exploration.

Currently, the analyst consensus on Energen Corp is Moderate Buy and the average price target is $69.50, representing a 34.0% upside.

In a report issued on June 9, Argus Research also maintained a Buy rating on the stock with a $65 price target.

Energen Corp’s market cap is currently $5.04B and has a P/E ratio of 73.03. The company has a book value ratio of 1.5963.

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Energen Corp. is an oil and gas exploration and production company, which engages in drilling and development of assets in the Permian Basin of west Texas. The company was founded in 1978 and is headquartered in Birmingham, AL.