Energen Co. (EGN) Receives Average Rating of “Hold” from Brokerages
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.
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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