Energen Corporation (NYSE: EGN) has recently received a number of price target changes and ratings updates:

  • 8/8/2017 – Energen Corporation was given a new $76.00 price target on by analysts at Williams Capital. They now have a “buy” rating on the stock.
  • 8/2/2017 – Energen Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “ENERGEN CORP is a diversified energy holding company engaged in natural gas distribution and oil and natural gas exploration and production activities. The Corporation’s utility subsidiary, Alabama Gas Corporation, is the largest natural gas distribution utility in the State of Alabama. The Corporation’s oil and gas exploration and production activities are conducted by its subsidiary, Taurus Exploration, Inc. and its subsidiary. “
  • 7/27/2017 – Energen Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “ENERGEN CORP is a diversified energy holding company engaged in natural gas distribution and oil and natural gas exploration and production activities. The Corporation’s utility subsidiary, Alabama Gas Corporation, is the largest natural gas distribution utility in the State of Alabama. The Corporation’s oil and gas exploration and production activities are conducted by its subsidiary, Taurus Exploration, Inc. and its subsidiary. “
  • 7/24/2017 – Energen Corporation was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 7/21/2017 – Energen Corporation had its price target raised by analysts at Citigroup Inc. from $55.00 to $58.00. They now have a “neutral” rating on the stock.
  • 7/20/2017 – Energen Corporation was downgraded by analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating. They now have a $53.00 price target on the stock, down previously from $60.00.
  • 7/13/2017 – Energen Corporation had its price target lowered by analysts at Citigroup Inc. from $61.00 to $55.00. They now have a “neutral” rating on the stock.
  • 6/30/2017 – Energen Corporation had its “buy” rating reaffirmed by analysts at Scotiabank. They now have a $56.00 price target on the stock.
  • 6/22/2017 – Energen Corporation was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 6/22/2017 – Energen Corporation had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $70.00 price target on the stock.
  • 6/21/2017 – Energen Corporation was downgraded by analysts at Seaport Global Securities from a “neutral” rating to a “sell” rating. They now have a $38.00 price target on the stock, down previously from $61.00.
  • 6/21/2017 – Energen Corporation had its “buy” rating reaffirmed by analysts at Wunderlich. They now have a $83.00 price target on the stock.
  • 6/20/2017 – Energen Corporation had its price target raised by analysts at Williams Capital from $72.00 to $76.00. They now have a “buy” rating on the stock.
  • 6/20/2017 – Energen Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/15/2017 – Energen Corporation is now covered by analysts at Wolfe Research. They set a “market perform” rating and a $60.00 price target on the stock.

Energen Corporation (NYSE EGN) traded down 1.79% during midday trading on Thursday, hitting $48.80. 1,193,678 shares of the stock were exchanged. Energen Corporation has a 1-year low of $46.16 and a 1-year high of $64.44. The company has a market capitalization of $4.74 billion, a P/E ratio of 77.22 and a beta of 1.93. The company’s 50 day moving average is $49.85 and its 200 day moving average is $52.74. Energen Corporation also saw unusually large options trading on Monday. Stock investors bought 13,292 call options on the stock. This is an increase of approximately 1,113% compared to the average daily volume of 1,096 call options.

Energen Corporation (NYSE:EGN) last issued its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.06 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. Energen Corporation had a negative return on equity of 1.74% and a net margin of 7.75%. The company had revenue of $256.82 million during the quarter, compared to analyst estimates of $222.60 million. During the same quarter in the previous year, the firm earned ($0.28) earnings per share. Energen Corporation’s revenue was up 142.8% on a year-over-year basis. Analysts predict that Energen Corporation will post $0.45 earnings per share for the current fiscal year.

In other Energen Corporation news, Director Alan A. Kleier acquired 1,000 shares of the business’s stock in a transaction dated 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 acquisition, the director now owns 1,500 shares of the company’s stock, valued at $71,385. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by insiders.

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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