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Fly News Breaks for November 4, 2016
EGN
Nov 4, 2016 | 09:52 EDT
As previously reported, Stephens analyst Ben Wyatt upgraded Energen to Overweight from Equal Weight after the company reported another "strong" quarter and announced it expects to grow about 20% annually through 2019. Under this plan, deleveraging should continue with cash flow neutrality potentially as early as 2018, the analyst notes, adding that well results on both sides of the Permian remain strong. Wyatt also raised his price target on the shares to $70 from $60.
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