EGN has been the subject of several other reports. TheStreet upgraded Energen Corp. from a sell rating to a hold rating in a report on Friday, August 26th. Stifel Nicolaus restated a buy rating on shares of Energen Corp. in a report on Wednesday, August 31st. Williams Capital initiated coverage on Energen Corp. in a report on Monday, August 29th. They issued a buy rating and a $68.00 price target for the company. KeyCorp increased their price target on Energen Corp. from $63.00 to $66.00 and gave the stock an overweight rating in a report on Monday, August 22nd. Finally, Barclays PLC increased their price target on Energen Corp. from $52.00 to $60.00 and gave the stock an equal weight rating in a report on Tuesday, August 16th. Twelve research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Energen Corp. currently has an average rating of Buy and a consensus target price of $56.39.
Energen Corp. (NYSE:EGN) traded down 0.267% during mid-day trading on Wednesday, reaching $58.164. 258,811 shares of the company were exchanged. The company’s market cap is $5.65 billion. The stock’s 50-day moving average is $55.85 and its 200-day moving average is $47.31. Energen Corp. has a 12 month low of $20.76 and a 12 month high of $61.98.
Energen Corp. (NYSE:EGN) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.09. Energen Corp. had a negative return on equity of 1.04% and a negative net margin of 136.37%. The business had revenue of $105.80 million for the quarter, compared to analyst estimates of $144.31 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The firm’s revenue for the quarter was down 37.1% compared to the same quarter last year. Equities analysts expect that Energen Corp. will post ($1.38) earnings per share for the current year.
In related news, Chairman J T. Mcmanus sold 10,216 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $52.58, for a total transaction of $537,157.28. Following the sale, the chairman now owns 103,789 shares of the company’s stock, valued at approximately $5,457,225.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.02% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Weiss Asset Management LP purchased a new stake in Energen Corp. during the first quarter valued at $1,098,000. AXA purchased a new stake in Energen Corp. during the first quarter valued at $4,178,000. UBS Group AG increased its stake in Energen Corp. by 113.3% in the first quarter. UBS Group AG now owns 77,717 shares of the company’s stock valued at $2,844,000 after buying an additional 41,276 shares during the period. Rafferty Asset Management LLC purchased a new stake in Energen Corp. during the first quarter valued at $585,000. Finally, State Street Corp increased its stake in Energen Corp. by 6.5% in the first quarter. State Street Corp now owns 3,247,954 shares of the company’s stock valued at $118,838,000 after buying an additional 197,696 shares during the period. 93.37% of the stock is currently owned by institutional investors.
Energen Corp. Company Profile
Energen Corporation (Energen) 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 in the Permian Basin in west Texas and the San Juan Basin in New Mexico. It is focused on increasing its oil, natural gas liquids and natural gas production and proved reserves through active development and/or exploratory programs in the Permian Basin.
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