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Energen Beat 2Q16 Expectations: What's Its Secret?

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Part 4
Energen Beat 2Q16 Expectations: What's Its Secret? PART 4 OF 6

Wall Street’s Median Price Target Indicates Upside for Energen

Wall Street analyst ratings for Energen

Currently, ~59% of Wall Street analysts rate Energen (EGN) as a “buy” and ~37% of analysts rate it as a “hold.” Around 4% rate the stock a “sell.” The median price target from these recommendations is $57.16, which is ~8% higher than the August 9 closing price of $52.76. The below table shows Wall Street analyst forecasts for Energen following its 2Q16 earnings release.

Wall Street&#8217;s Median Price Target Indicates Upside for Energen

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Other upstream players

Based on the median analyst price targets, other upstream companies like Carrizo Oil & Gas (CRZO), Gulfport Energy (GPOR), and Parsley Energy (PE) have potential upsides of ~21%, ~32%, and ~26%, respectively, from their August 9 closing prices.

The SPDR S&P Oil and Gas Exploration & Production ETF (XOP) generally invests at least 80% of its total assets in oil and gas exploration companies, whereas the Vanguard Energy ETF (VDE) invests into the broader energy market.

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