Brokerages Set Energen Corporation (EGN) PT at $65.91
Energen Corporation (NYSE:EGN) has been assigned a consensus recommendation of “Buy” from the twenty-nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and sixteen have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $65.96.
A number of equities research analysts have commented on EGN shares. Wolfe Research started coverage on Energen Corporation in a research note on Thursday, June 15th. They issued a “market perform” rating and a $60.00 price objective for the company. Williams Capital raised their price objective on Energen Corporation from $72.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, June 20th. BidaskClub cut Energen Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Seaport Global Securities cut Energen Corporation from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $61.00 to $38.00 in a research note on Wednesday, June 21st. Finally, Wunderlich reissued a “buy” rating and issued a $83.00 price objective on shares of Energen Corporation in a research note on Wednesday, June 21st.
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Institutional investors and hedge funds have recently modified their holdings of the business. Creative Planning raised its stake in shares of Energen Corporation by 8.0% in the second quarter. Creative Planning now owns 3,390 shares of the oil and gas producer’s stock valued at $167,000 after buying an additional 250 shares during the period. Laurion Capital Management LP bought a new stake in shares of Energen Corporation in the first quarter valued at $229,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Energen Corporation in the first quarter valued at $231,000. Optimum Investment Advisors bought a new stake in shares of Energen Corporation in the second quarter valued at $228,000. Finally, Capital Insight Partners LLC bought a new stake in shares of Energen Corporation in the second quarter valued at $237,000. Hedge funds and other institutional investors own 94.01% of the company’s stock.
Energen Corporation (EGN) traded down 1.96% during midday trading on Wednesday, reaching $52.54. The company’s stock had a trading volume of 954,663 shares. The firm has a 50 day moving average of $52.17 and a 200 day moving average of $52.23. Energen Corporation has a 52-week low of $46.16 and a 52-week high of $64.44. The firm has a market cap of $5.11 billion, a P/E ratio of 83.13 and a beta of 1.95.
Energen Corporation (NYSE:EGN) last announced its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.06. Energen Corporation had a negative return on equity of 1.74% and a net margin of 7.75%. The firm had revenue of $256.82 million during the quarter, compared to analysts’ expectations of $222.60 million. During the same quarter last year, the firm posted ($0.28) earnings per share. The company’s revenue for the quarter was up 142.8% compared to the same quarter last year. Analysts anticipate that Energen Corporation will post $0.40 earnings per share for the current fiscal year.
Energen Corporation Company Profile
Energen Corporation 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. Its operations are conducted through subsidiary, Energen Resources Corporation and occur within the Midland Basin, the Delaware Basin and the Central Basin Platform areas of the Permian Basin in west Texas and New Mexico.
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