Energen Corporation (EGN) Receives Daily News Impact Rating of 0.07
Media coverage about Energen Corporation (NYSE:EGN) has been trending somewhat positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Energen Corporation earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave media stories about the oil and gas producer an impact score of 45.2903300623786 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s analysis:
- [$$] Elliott Management Wants Energen to Explore Sale Options (finance.yahoo.com)
- Elliott quietly ups pressure on Energen to explore sale -sources (finance.yahoo.com)
- Energen’s Would-Be Permian Buyout — Are 2 Activist Investors Better Than 1? (feedproxy.google.com)
- UPDATE 1-Elliott quietly ups pressure on Energen to explore sale -sources (feeds.reuters.com)
- Corvex Raises Stake In Energen; Warns Of Proxy Fight (oilandgasinvestor.com)
Shares of Energen Corporation (NYSE:EGN) traded up 2.29% during trading on Thursday, hitting $49.18. The stock had a trading volume of 4,938,239 shares. The stock has a 50 day moving average of $50.02 and a 200 day moving average of $52.52. Energen Corporation has a 52-week low of $46.16 and a 52-week high of $64.43. The firm has a market cap of $4.78 billion, a PE ratio of 77.82 and a beta of 1.93.
Energen Corporation (NYSE:EGN) last announced its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.06 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. The company had revenue of $256.82 million during the quarter, compared to the consensus estimate of $222.60 million. Energen Corporation had a net margin of 7.75% and a negative return on equity of 1.74%. The firm’s quarterly revenue was up 142.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.28) earnings per share. On average, equities analysts anticipate that Energen Corporation will post $0.42 EPS for the current year.
A number of analysts recently commented on the company. ValuEngine lowered Energen Corporation from a “hold” rating to a “sell” rating in a research report on Thursday. Barclays PLC set a $57.00 target price on Energen Corporation and gave the company a “hold” rating in a research report on Tuesday. Williams Capital set a $76.00 target price on Energen Corporation and gave the company a “buy” rating in a research report on Tuesday, August 8th. Citigroup Inc. decreased their target price on Energen Corporation from $58.00 to $56.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Royal Bank Of Canada set a $66.00 target price on Energen Corporation and gave the company a “hold” rating in a research report on Thursday, April 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $66.23.
In other news, Director Alan A. Kleier purchased 1,000 shares of Energen Corporation stock in a transaction that occurred on Friday, June 23rd. The stock was bought at an average price of $47.59 per share, with a total value of $47,590.00. Following the completion of the transaction, the director now directly owns 1,500 shares of the company’s stock, valued at $71,385. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by company insiders.
About Energen Corporation
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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