BMO Capital Keeps Their Hold Rating on Energen Corp

By Jason Carr

BMO Capital analyst Phillip Jungwirth reiterated a Hold rating on Energen Corp (NYSE: EGN) today and set a price target of $67. The company’s shares opened today at $62.02, close to its 52-week high of $63.81.

According to TipRanks.com, Jungwirth is a 4-star analyst with an average return of 5.3% and a 51.8% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Continental Resources, and Occidental Petroleum.

Energen Corp has an analyst consensus of Moderate Buy, with a price target consensus of $73.

Based on Energen Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $343 million and quarterly net profit of $262 million. In comparison, last year the company earned revenue of $176 million and had a net profit of $33.4 million.

Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is neutral on the stock.

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.