Shares of Energen Co. (NYSE:EGN) have earned an average rating of “Hold” from the twenty-one ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $82.36.

EGN has been the topic of several research analyst reports. Zacks Investment Research upgraded Energen from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research report on Monday, October 22nd. US Capital Advisors cut Energen from an “overweight” rating to a “hold” rating in a research report on Monday, October 22nd. ValuEngine cut Energen from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. TheStreet cut Energen from a “b-” rating to a “c+” rating in a research report on Thursday, November 8th. Finally, Morgan Stanley decreased their target price on Energen from $83.00 to $74.00 and set a “hold” rating on the stock in a report on Tuesday, November 20th.

Shares of EGN stock traded up $1.49 during mid-day trading on Friday, hitting $72.12. 3,438,082 shares of the stock traded hands, compared to its average volume of 1,197,372. Energen has a twelve month low of $47.81 and a twelve month high of $89.83. The stock has a market cap of $7.03 billion, a PE ratio of 96.16 and a beta of 1.50. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.38 and a current ratio of 0.43.

Several hedge funds and other institutional investors have recently modified their holdings of EGN. IMS Capital Management acquired a new stake in shares of Energen in the third quarter worth $26,000. Nisa Investment Advisors LLC boosted its position in shares of Energen by 1.2% in the third quarter. Nisa Investment Advisors LLC now owns 51,519 shares of the oil and gas producer’s stock worth $4,439,000 after buying an additional 619 shares during the period. Fisher Asset Management LLC boosted its position in shares of Energen by 13.9% in the third quarter. Fisher Asset Management LLC now owns 5,784 shares of the oil and gas producer’s stock worth $498,000 after buying an additional 704 shares during the period. United Services Automobile Association boosted its position in shares of Energen by 5.0% in the second quarter. United Services Automobile Association now owns 16,452 shares of the oil and gas producer’s stock worth $1,198,000 after buying an additional 784 shares during the period. Finally, Oakbrook Investments LLC boosted its position in shares of Energen by 20.7% in the third quarter. Oakbrook Investments LLC now owns 5,250 shares of the oil and gas producer’s stock worth $452,000 after buying an additional 900 shares during the period. Institutional investors and hedge funds own 86.86% of the company’s stock.

Energen Company Profile

Energen Corporation, through its subsidiary, Energen Resources Corporation, engages in the exploration, development, and production of oil, natural gas liquids, and natural gas. The company has operations 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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Analyst Recommendations for Energen (NYSE:EGN)

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