Energen Corporation (EGN) Lifted to “Overweight” at Barclays PLC
Barclays PLC upgraded shares of Energen Corporation (NYSE:EGN) from an equal weight rating to an overweight rating in a research note published on Monday morning. Barclays PLC currently has $70.00 target price on the oil and gas producer’s stock.
A number of other research analysts have also commented on EGN. ValuEngine upgraded Energen Corporation from a sell rating to a hold rating in a research report on Monday, July 24th. Zacks Investment Research lowered Energen Corporation from a hold rating to a sell rating in a research report on Thursday, July 27th. Williams Capital set a $76.00 price objective on Energen Corporation and gave the company a buy rating in a research report on Tuesday, August 8th. BMO Capital Markets set a $60.00 price objective on Energen Corporation and gave the company a hold rating in a research report on Thursday, August 10th. Finally, Seaport Global Securities upgraded Energen Corporation from a sell rating to a neutral rating and increased their price objective for the company from $38.00 to $46.00 in a research report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $66.17.
Energen Corporation (NYSE:EGN) opened at $55.96 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 0.24. Energen Corporation has a 12-month low of $46.16 and a 12-month high of $64.44.
Energen Corporation (NYSE:EGN) last announced its quarterly earnings data on Wednesday, November 8th. The oil and gas producer reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.05. The firm had revenue of $191.50 million for the quarter, compared to analyst estimates of $242.81 million. Energen Corporation had a negative return on equity of 0.45% and a negative net margin of 1.17%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company earned ($0.22) EPS. equities research analysts anticipate that Energen Corporation will post 0.42 EPS for the current year.
WARNING: “Energen Corporation (EGN) Lifted to “Overweight” at Barclays PLC” was posted by Watch List News and is the property of of Watch List News. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this report can be accessed at https://www.watchlistnews.com/energen-corporation-egn-lifted-to-overweight-at-barclays-plc/1722872.html.
In other Energen Corporation news, General Counsel J David Woodruff, Jr. sold 2,500 shares of Energen Corporation stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $57.01, for a total transaction of $142,525.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.00% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP acquired a new stake in shares of Energen Corporation in the 3rd quarter valued at about $582,000. California Public Employees Retirement System raised its stake in shares of Energen Corporation by 2.1% in the 3rd quarter. California Public Employees Retirement System now owns 144,100 shares of the oil and gas producer’s stock valued at $7,879,000 after purchasing an additional 2,900 shares during the period. Highbridge Capital Management LLC acquired a new stake in shares of Energen Corporation in the 3rd quarter valued at about $15,830,000. Alyeska Investment Group L.P. raised its stake in shares of Energen Corporation by 86.9% in the 3rd quarter. Alyeska Investment Group L.P. now owns 396,708 shares of the oil and gas producer’s stock valued at $21,692,000 after purchasing an additional 184,416 shares during the period. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Energen Corporation in the 3rd quarter valued at about $209,000. Hedge funds and other institutional investors own 97.21% of the company’s stock.
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.
Receive News & Ratings for Energen Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energen Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.