Energen Corporation (NYSE:EGN) – Research analysts at SunTrust Banks decreased their Q3 2017 earnings per share (EPS) estimates for shares of Energen Corporation in a note issued to investors on Tuesday. SunTrust Banks analyst N. Dingmann now anticipates that the oil and gas producer will post earnings of $0.14 per share for the quarter, down from their prior forecast of $0.21. SunTrust Banks also issued estimates for Energen Corporation’s Q4 2017 earnings at $0.30 EPS, FY2019 earnings at $2.55 EPS and FY2020 earnings at $3.07 EPS.

A number of other analysts have also recently weighed in on EGN. ValuEngine raised shares of Energen Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Williams Capital set a $76.00 target price on shares of Energen Corporation and gave the company a “buy” rating in a research note on Tuesday. Zacks Investment Research raised shares of Energen Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada set a $66.00 target price on shares of Energen Corporation and gave the company a “hold” rating in a research note on Thursday, April 20th. Finally, Barclays PLC reaffirmed a “hold” rating and set a $57.00 price objective (down from $63.00) on shares of Energen Corporation in a research note on Thursday, April 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $66.68.

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Energen Corporation (NYSE EGN) opened at 49.69 on Thursday. The firm has a 50-day moving average of $49.85 and a 200-day moving average of $52.74. The company has a market cap of $4.83 billion, a PE ratio of 70.38 and a beta of 1.93. Energen Corporation has a one year low of $46.10 and a one year high of $64.43. Energen Corporation also was the target of some unusual options trading activity on Monday. Traders acquired 13,292 call options on the company. This is an increase of approximately 1,113% compared to the average volume of 1,096 call options.

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, hitting the Zacks’ consensus estimate of $0.06. Energen Corporation had a net margin of 7.75% and a negative return on equity of 1.74%. The firm had revenue of $256.82 million for the quarter, compared to analysts’ expectations of $222.60 million. During the same quarter last year, the company posted ($0.28) earnings per share. Energen Corporation’s revenue was up 142.8% on a year-over-year basis.

A number of institutional investors have recently made changes to their positions in the stock. Morgan Stanley raised its position in shares of Energen Corporation by 11.7% in the first quarter. Morgan Stanley now owns 226,536 shares of the oil and gas producer’s stock valued at $12,333,000 after buying an additional 23,656 shares in the last quarter. CarVal Investors LLC acquired a new position in shares of Energen Corporation during the first quarter valued at $5,444,000. Rafferty Asset Management LLC acquired a new position in shares of Energen Corporation during the first quarter valued at $909,000. Elliott Management Corp acquired a new position in shares of Energen Corporation during the first quarter valued at $46,274,000. Finally, World Asset Management Inc raised its position in shares of 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 valued at $359,000 after buying an additional 114 shares in the last quarter. Institutional investors and hedge funds own 95.64% of the company’s stock.

In other Energen Corporation news, Director Alan A. Kleier acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The shares were acquired at an average cost of $47.59 per share, for a total transaction of $47,590.00. Following the completion of the acquisition, the director now directly owns 1,500 shares of the company’s stock, valued at approximately $71,385. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

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.

Earnings History and Estimates for Energen Corporation (NYSE:EGN)

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