Energen Corp Gets a Buy Rating from Stifel Nicolaus

By Austin Angelo

In a report issued on May 23, Derrick Whitfield from Stifel Nicolaus reiterated a Buy rating on Energen Corp (NYSE: EGN), with a price target of $81. The company’s shares closed yesterday at $56.53.

According to TipRanks.com, Whitfield is ranked 0 out of 5 stars with an average return of -6.3% and a 47.9% success rate. Whitfield covers the Basic Materials sector, focusing on stocks such as Contango Oil & Gas Company, Sanchez Energy Corporation, and Abraxas Petroleum Corp.

Energen Corp has an analyst consensus of Moderate Buy, with a price target consensus of $69.57.

Based on Energen Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $176 million and quarterly net profit of $33.4 million. In comparison, last year the company earned revenue of $123 million and had a GAAP net loss of $203 million.

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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.