Analysts expect Energen Corporation (NYSE:EGN) to announce sales of $224.99 million for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Energen Corporation’s earnings. The lowest sales estimate is $215.52 million and the highest is $254.22 million. Energen Corporation reported sales of $105.77 million during the same quarter last year, which indicates a positive year over year growth rate of 112.7%. The company is scheduled to report its next earnings report before the market opens on Tuesday, August 8th.
According to Zacks, analysts expect that Energen Corporation will report full-year sales of $224.99 million for the current fiscal year, with estimates ranging from $897.39 million to $1.09 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.23 billion per share, with estimates ranging from $955.00 million to $1.50 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Energen Corporation.
Energen Corporation (NYSE:EGN) last announced its earnings results on Thursday, May 4th. The oil and gas producer reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.01. The firm had revenue of $240.90 million during the quarter, compared to analyst estimates of $166.69 million. Energen Corporation had a net margin of 10.69% and a negative return on equity of 2.79%. Energen Corporation’s revenue was up 87.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.64) earnings per share.
A number of analysts recently weighed in on EGN shares. UBS AG upgraded shares of Energen Corporation from a “neutral” rating to a “buy” rating and increased their price target for the stock from $57.00 to $72.00 in a research note on Thursday, March 23rd. Royal Bank Of Canada set a $66.00 target price on shares of Energen Corporation and gave the stock a “hold” rating in a research note on Thursday, April 20th. Citigroup Inc. reduced their target price on shares of Energen Corporation from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, July 13th. Williams Capital raised their target price on shares of Energen Corporation from $72.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, June 20th. Finally, Barclays PLC restated a “hold” rating and issued a $57.00 target price (down previously from $63.00) on shares of Energen Corporation in a research note on Thursday, April 20th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the stock. Energen Corporation currently has a consensus rating of “Buy” and a consensus target price of $67.19.
In related news, Director Alan A. Kleier bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The shares were acquired at an average cost of $47.59 per share, with a total value of $47,590.00. Following the completion of the transaction, the director now owns 1,500 shares of the company’s stock, valued at $71,385. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Aperio Group LLC boosted its position in Energen Corporation by 17.3% in the second quarter. Aperio Group LLC now owns 13,506 shares of the oil and gas producer’s stock worth $667,000 after buying an additional 1,990 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Energen Corporation by 3.3% in the second quarter. Louisiana State Employees Retirement System now owns 25,300 shares of the oil and gas producer’s stock worth $1,249,000 after buying an additional 800 shares during the period. LS Investment Advisors LLC raised its stake in shares of Energen Corporation by 20.3% in the second quarter. LS Investment Advisors LLC now owns 7,760 shares of the oil and gas producer’s stock worth $383,000 after buying an additional 1,310 shares during the period. Ardevora Asset Management LLP raised its stake in shares of Energen Corporation by 24.3% in the second quarter. Ardevora Asset Management LLP now owns 653,200 shares of the oil and gas producer’s stock worth $32,248,000 after buying an additional 127,600 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Energen Corporation by 4.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 35,798 shares of the oil and gas producer’s stock worth $1,767,000 after buying an additional 1,523 shares during the period. 95.08% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Energen Corporation (NYSE EGN) traded up 3.05% during midday trading on Wednesday, reaching $50.68. 367,251 shares of the company’s stock traded hands. The stock has a market capitalization of $4.93 billion, a P/E ratio of 71.78 and a beta of 1.93. The firm’s 50-day moving average price is $51.32 and its 200 day moving average price is $53.30. Energen Corporation has a 1-year low of $43.70 and a 1-year high of $64.43.
Energen Corporation Company Profile
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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