News headlines about Energen Corporation (NYSE:EGN) have been trending positive on Tuesday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Energen Corporation earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave news coverage about the oil and gas producer an impact score of 80 out of 100, meaning that recent news coverage is likely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- $0.08 Earnings Per Share Expected for Energen Corporation (NYSE:EGN) This Quarter (americanbankingnews.com)
- Energen Schedules 2Q17 Earnings Release and Conference Call for August 8, 2017 (finance.yahoo.com)
- Neuberger Berman Group LLC Decreases Position in Energen Corporation (NYSE:EGN) (cote-ivoire.com)
- Energen Corporation (NYSE:EGN) Stake Raised by PNC Financial Services Group Inc (latribunadecanarias.com)
- Energen Corporation’s (EGN) Hold Rating Reiterated at BMO Capital Markets (lazeresportes.com)
Energen Corporation (NYSE EGN) opened at 49.54 on Tuesday. The company has a 50 day moving average of $53.71 and a 200-day moving average of $54.29. Energen Corporation has a 52-week low of $43.70 and a 52-week high of $64.43. The stock has a market capitalization of $4.81 billion, a P/E ratio of 70.17 and a beta of 1.93.
Energen Corporation (NYSE:EGN) last issued its quarterly earnings data on Thursday, May 4th. The oil and gas producer reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.01. The company had revenue of $240.90 million for the quarter, compared to the consensus estimate of $166.69 million. Energen Corporation had a net margin of 10.69% and a negative return on equity of 2.79%. The firm’s revenue was up 87.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.64) earnings per share. Equities research analysts anticipate that Energen Corporation will post $0.54 EPS for the current year.
A number of brokerages have weighed in on EGN. Scotiabank reiterated a “buy” rating and issued a $64.00 price objective on shares of Energen Corporation in a research report on Monday, March 27th. Williams Capital restated a “buy” rating and set a $72.00 price target on shares of Energen Corporation in a research report on Friday, May 5th. TheStreet raised shares of Energen Corporation from a “d+” rating to a “c-” rating in a research note on Thursday, May 4th. Royal Bank Of Canada set a $65.00 price objective on shares of Energen Corporation and gave the company a “hold” rating in a research note on Friday, June 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 price objective on shares of Energen Corporation in a research note on Thursday, April 13th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $67.19.
In other news, Director Alan A. Kleier acquired 1,000 shares of the stock in a transaction that occurred on Friday, June 23rd. The stock was purchased at an average cost of $47.59 per share, for a total transaction of $47,590.00. Following the completion of the transaction, the director now directly owns 1,500 shares in the company, valued at $71,385. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.00% of the stock is owned by company insiders.
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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