Energen Corporation (NYSE:EGN) had its price objective boosted by equities research analysts at Morgan Stanley from $52.00 to $56.00 in a research report issued on Thursday. The brokerage currently has an “equal weight” rating on the oil and gas producer’s stock. Morgan Stanley’s price target indicates a potential upside of 8.78% from the company’s previous close.

Several other analysts also recently issued reports on EGN. BMO Capital Markets reissued a “hold” rating and set a $70.00 target price on shares of Energen Corporation in a research note on Friday, May 5th. Williams Capital reissued a “buy” rating and set a $72.00 target price on shares of Energen Corporation in a research note on Friday, May 5th. Scotiabank reissued a “buy” rating and set a $64.00 target price on shares of Energen Corporation in a research note on Friday, May 5th. TheStreet raised Energen Corporation from a “d+” rating to a “c-” rating in a research note on Thursday, May 4th. Finally, Barclays PLC reissued a “hold” rating and set a $63.00 target price on shares of Energen Corporation in a research note on Wednesday, May 24th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the company. Energen Corporation presently has an average rating of “Buy” and an average price target of $65.57.

Energen Corporation (NYSE:EGN) opened at 51.48 on Thursday. Energen Corporation has a one year low of $46.16 and a one year high of $64.43. The stock’s 50 day moving average price is $50.53 and its 200 day moving average price is $52.24. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 81.46 and a beta of 1.94.

Energen Corporation (NYSE:EGN) last issued its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $256.82 million for 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 quarterly revenue was up 142.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.28) EPS. Equities analysts predict that Energen Corporation will post $0.41 earnings per share for the current fiscal year.

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In other Energen Corporation news, Director Alan A. Kleier acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The stock was bought at an average price of $47.59 per share, for a total transaction of $47,590.00. Following the acquisition, the director now directly owns 1,500 shares in the company, valued at $71,385. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of EGN. Teacher Retirement System of Texas boosted its position in Energen Corporation by 1.4% in the first quarter. Teacher Retirement System of Texas now owns 7,761 shares of the oil and gas producer’s stock worth $423,000 after buying an additional 110 shares during the last quarter. World Asset Management Inc boosted its position in Energen Corporation by 1.8% in the first quarter. World Asset Management Inc now owns 6,588 shares of the oil and gas producer’s stock worth $359,000 after buying an additional 114 shares during the last quarter. HighTower Advisors LLC boosted its position in Energen Corporation by 2.3% in the second quarter. HighTower Advisors LLC now owns 5,345 shares of the oil and gas producer’s stock worth $264,000 after buying an additional 119 shares during the last quarter. Utah Retirement Systems boosted its position in Energen Corporation by 1.1% in the second quarter. Utah Retirement Systems now owns 17,822 shares of the oil and gas producer’s stock worth $880,000 after buying an additional 200 shares during the last quarter. Finally, Creative Planning boosted its position in Energen Corporation by 8.0% in the second quarter. Creative Planning now owns 3,390 shares of the oil and gas producer’s stock worth $167,000 after buying an additional 250 shares during the last quarter. Institutional investors own 94.01% 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.

Analyst Recommendations for Energen Corporation (NYSE:EGN)

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