Energen Corporation (NYSE:EGN) – Investment analysts at SunTrust Banks boosted their FY2020 earnings per share (EPS) estimates for shares of Energen Corporation in a research note issued on Sunday. SunTrust Banks analyst N. Dingmann now anticipates that the firm will post earnings of $4.87 per share for the year, up from their previous estimate of $4.53.

Energen Corporation (NYSE:EGN) last posted its quarterly earnings results on Thursday, February 9th. The company reported ($0.27) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.06. Energen Corporation had a negative net margin of 31.43% and a negative return on equity of 4.19%. The company had revenue of $114.52 million for the quarter, compared to the consensus estimate of $156.01 million. During the same period in the prior year, the firm posted $0.27 EPS. The business’s revenue was down 40.6% on a year-over-year basis.

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Earnings History and Estimates for Energen Corporation (NYSE:EGN)

A number of other research firms also recently commented on EGN. Seaport Global Securities downgraded shares of Energen Corporation from a “buy” rating to a “neutral” rating in a report on Friday, December 9th. Iberia Capital set a $81.00 price target on shares of Energen Corporation and gave the company a “buy” rating in a research note on Tuesday, December 13th. Drexel Hamilton began coverage on shares of Energen Corporation in a research note on Thursday, December 15th. They issued a “buy” rating and a $71.00 price target for the company. Credit Suisse Group increased their price target on shares of Energen Corporation from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, November 22nd. Finally, RBC Capital Markets reissued a “hold” rating and issued a $63.00 price target on shares of Energen Corporation in a research note on Wednesday, January 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company’s stock. Energen Corporation has an average rating of “Buy” and an average price target of $62.76.

Energen Corporation (NYSE:EGN) traded down 1.91% during mid-day trading on Tuesday, hitting $55.92. 1,206,234 shares of the stock traded hands. The stock has a 50-day moving average price of $55.78 and a 200-day moving average price of $55.82. The stock’s market cap is $5.43 billion. Energen Corporation has a 12 month low of $23.34 and a 12 month high of $64.43.

In related news, Chairman J T. Mcmanus sold 16,662 shares of the stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $57.10, for a total value of $951,400.20. Following the sale, the chairman now owns 125,107 shares of the company’s stock, valued at approximately $7,143,609.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.02% of the stock is owned by company insiders.

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Several hedge funds have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. boosted its stake in Energen Corporation by 3.0% in the third quarter. UBS Asset Management Americas Inc. now owns 106,570 shares of the company’s stock worth $6,152,000 after buying an additional 3,085 shares during the period. Boston Partners boosted its stake in Energen Corporation by 63.7% in the third quarter. Boston Partners now owns 8,491,220 shares of the company’s stock worth $490,114,000 after buying an additional 3,303,337 shares during the period. Sprott Inc. purchased a new stake in Energen Corporation during the third quarter worth $2,886,000. Canada Pension Plan Investment Board boosted its stake in Energen Corporation by 208.2% in the third quarter. Canada Pension Plan Investment Board now owns 102,000 shares of the company’s stock worth $5,887,000 after buying an additional 68,900 shares during the period. Finally, State Treasurer State of Michigan boosted its stake in Energen Corporation by 0.3% in the third quarter. State Treasurer State of Michigan now owns 39,100 shares of the company’s stock worth $2,257,000 after buying an additional 100 shares during the period. 92.70% of the stock is currently owned by institutional investors and hedge funds.

About Energen Corporation

Energen Corporation (Energen) is an oil and natural gas exploration and production company. The Company is engaged in the exploration, development and production of oil and natural gas properties and natural gas in the Permian Basin in west Texas and the San Juan Basin in New Mexico. It is focused on increasing its oil, natural gas liquids and natural gas production and proved reserves through active development and/or exploratory programs in the Permian Basin.

5 Day Chart for NYSE:EGN

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