Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Energen (EGN) Stock Price
Press coverage about Energen (NYSE:EGN) has been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Energen earned a news impact score of 0.14 on Accern’s scale. Accern also gave media stories about the oil and gas producer an impact score of 45.3478318207958 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Hedge Fund and Insider Trading News: D.E. Shaw, CBA Florida Inc (CBAI), Energen Co. (EGN), American Financial Group Inc (AFG), and More (feedproxy.google.com)
- Renewi sells stake in Energen Biogas anaerobic digestion facility (sharesmagazine.co.uk)
- Financial Comparison: Atlas Energy Group (ATLS) vs. Energen (EGN) (americanbankingnews.com)
- ENERGEN INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIA – KSWO 7News | Breaking News, Weather and Sports (kswo.com)
- Energen Co. (EGN) Expected to Post Quarterly Sales of $363.22 Million (americanbankingnews.com)
Shares of NYSE EGN opened at $76.83 on Wednesday. Energen has a twelve month low of $47.81 and a twelve month high of $79.73. The company has a market capitalization of $7.56 billion, a P/E ratio of 102.44 and a beta of 1.44. The company has a quick ratio of 0.50, a current ratio of 0.57 and a debt-to-equity ratio of 0.23.
EGN has been the topic of several research reports. Jefferies Financial Group set a $85.00 price objective on Energen and gave the company a “buy” rating in a research report on Wednesday, July 18th. JPMorgan Chase & Co. cut their price objective on Energen from $68.00 to $67.00 and set a “sell” rating on the stock in a research report on Tuesday, May 22nd. Williams Capital cut Energen from a “buy” rating to a “hold” rating and set a $68.00 price target on the stock. in a research report on Friday, July 20th. Morgan Stanley cut Energen from an “overweight” rating to an “equal weight” rating and set a $76.00 price target on the stock. in a research report on Thursday, July 12th. They noted that the move was a valuation call. Finally, SunTrust Banks reissued a “buy” rating and issued a $113.00 price target on shares of Energen in a research report on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company. Energen presently has an average rating of “Hold” and a consensus price target of $76.30.
In other news, insider Carl C. Icahn acquired 375,415 shares of the firm’s stock in a transaction that occurred on Tuesday, June 26th. The stock was bought at an average cost of $67.70 per share, for a total transaction of $25,415,595.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Russell E. Jr. Lynch sold 2,233 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $77.80, for a total transaction of $173,727.40. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 3,726,727 shares of company stock valued at $268,281,858. 1.05% of the stock is owned by company insiders.
Energen Company Profile
Energen Corporation, through its subsidiary, Energen Resources Corporation, engages in the exploration, development, and production of oil, natural gas liquids, and natural gas. The company has operations 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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