A number of other equities analysts also recently weighed in on EGN. SunTrust Banks reissued a buy rating and set a $70.00 price target on shares of Energen in a research report on Monday, October 2nd. Stifel Nicolaus set a $80.00 price target on Energen and gave the stock a buy rating in a research report on Thursday, October 5th. Jefferies Group started coverage on Energen in a research report on Monday, October 9th. They set a buy rating and a $68.00 price target on the stock. BMO Capital Markets set a $60.00 price target on Energen and gave the stock a hold rating in a research report on Tuesday, October 10th. Finally, Barclays boosted their price target on Energen from $57.00 to $61.00 and gave the stock an equal weight rating in a research report on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $64.95.
Shares of Energen (NYSE EGN) traded down $0.67 during midday trading on Tuesday, reaching $57.28. The company’s stock had a trading volume of 635,400 shares, compared to its average volume of 767,970. The firm has a market capitalization of $5,632.85, a P/E ratio of -520.73, a PEG ratio of 0.96 and a beta of 1.90. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.24. Energen has a 1 year low of $46.16 and a 1 year high of $60.07.
Energen (NYSE:EGN) last announced its quarterly earnings results on Wednesday, November 8th. The oil and gas producer reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. The firm had revenue of $191.50 million for the quarter, compared to the consensus estimate of $242.81 million. Energen had a negative return on equity of 0.45% and a negative net margin of 1.17%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.22) earnings per share. equities analysts forecast that Energen will post 0.5 EPS for the current fiscal year.
In related news, Director Lori A. Lancaster purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The stock was acquired at an average cost of $57.79 per share, for a total transaction of $57,790.00. Following the completion of the purchase, the director now owns 1,000 shares in the company, valued at approximately $57,790. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel J David Woodruff, Jr. sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $57.01, for a total value of $142,525.00. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
Several hedge funds have recently modified their holdings of EGN. Cadence Capital Management LLC bought a new stake in shares of Energen in the third quarter valued at approximately $203,000. BB&T Securities LLC bought a new stake in shares of Energen in the third quarter valued at approximately $206,000. Boothbay Fund Management LLC bought a new stake in shares of Energen in the third quarter valued at approximately $209,000. Ironwood Investment Counsel LLC bought a new stake in shares of Energen in the third quarter valued at approximately $219,000. Finally, Optimum Investment Advisors bought a new stake in shares of Energen in the second quarter valued at approximately $228,000. Institutional investors and hedge funds own 96.05% of the company’s stock.
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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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