EGN has been the topic of several other research reports. TheStreet raised shares of Energen Corporation from a d+ rating to a c- rating in a report on Thursday, May 4th. BMO Capital Markets reissued a hold rating and issued a $70.00 price target on shares of Energen Corporation in a report on Thursday, June 22nd. ValuEngine raised shares of Energen Corporation from a sell rating to a hold rating in a report on Monday, July 24th. Seaport Global Securities raised shares of Energen Corporation from a sell rating to a neutral rating and boosted their price target for the company from $38.00 to $46.00 in a report on Friday, August 11th. Finally, Zacks Investment Research raised shares of Energen Corporation from a sell rating to a hold rating in a report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $66.23.
Energen Corporation (NYSE:EGN) opened at 50.26 on Tuesday. The stock has a 50 day moving average of $50.04 and a 200-day moving average of $52.50. The company has a market capitalization of $4.89 billion, a P/E ratio of 79.53 and a beta of 1.93. Energen Corporation has a 52-week low of $46.16 and a 52-week high of $64.43.
Energen Corporation (NYSE:EGN) last announced its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. The firm had revenue of $256.82 million for the quarter, compared to analyst estimates of $222.60 million. Energen Corporation had a net margin of 7.75% and a negative return on equity of 1.74%. The business’s revenue for the quarter was up 142.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.28) EPS. On average, equities analysts forecast that Energen Corporation will post $0.42 earnings per share for the current year.
In other Energen Corporation news, Director Alan A. Kleier bought 1,000 shares of the business’s stock in a transaction on Friday, June 23rd. The shares were bought at an average cost of $47.59 per share, for a total transaction of $47,590.00. Following the transaction, the director now owns 1,500 shares in the company, valued at approximately $71,385. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.00% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd acquired a new position in Energen Corporation during the second quarter worth about $584,000. Public Employees Retirement System of Ohio increased its position in Energen Corporation by 11.1% in the second quarter. Public Employees Retirement System of Ohio now owns 48,901 shares of the oil and gas producer’s stock worth $2,414,000 after buying an additional 4,900 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in Energen Corporation by 1.0% in the second quarter. Ameritas Investment Partners Inc. now owns 44,447 shares of the oil and gas producer’s stock worth $2,194,000 after buying an additional 433 shares during the last quarter. Americafirst Capital Management LLC acquired a new position in Energen Corporation during the second quarter worth about $1,258,000. Finally, Bank of Nova Scotia acquired a new position in Energen Corporation during the second quarter worth about $20,241,000. Institutional investors own 97.71% of the company’s stock.
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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