Energen (EGN — $74 PT) The analysts explain their recommendation of Energen. "Despite a pristine balance sheet (0.7x net debt/TTM EBITDA at y/e 2014, estimated to trend to 1.6x at y/e 2015), a competitive Midland Basin footprint and intriguing near-term catalysts, Energen remains a sharply undervalued name, relative to other Permian pure-plays. We expect this disparity between Energen (9.1x 2015E EV/EBITDA), Pioneer Natural Resources (14.1x) and Diamondback (13.8x) to narrow in 2015."