Energen Corporation (EGN) Scheduled to Post Earnings on Wednesday
Energen Corporation (NYSE:EGN) will be posting its quarterly earnings results before the market opens on Wednesday, November 8th. Analysts expect Energen Corporation to post earnings of $0.15 per share for the quarter.
Energen Corporation (NYSE:EGN) last posted its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.06 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. The firm had revenue of $256.82 million during the quarter, compared to the consensus estimate of $222.60 million. Energen Corporation had a negative return on equity of 1.74% and a net margin of 7.75%. The firm’s revenue was up 142.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.28) EPS. On average, analysts expect Energen Corporation to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Energen Corporation (NYSE EGN) opened at $55.75 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.61 and a quick ratio of 0.54. Energen Corporation has a one year low of $46.16 and a one year high of $64.43.
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Several equities analysts have issued reports on EGN shares. Citigroup Inc. boosted their target price on Energen Corporation from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Friday, July 21st. Morgan Stanley boosted their target price on Energen Corporation from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 31st. Barclays PLC boosted their target price on Energen Corporation from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 11th. Zacks Investment Research cut Energen Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and set a $70.00 target price on shares of Energen Corporation in a research report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have issued a buy rating to the company. Energen Corporation presently has a consensus rating of “Hold” and an average target price of $66.00.
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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