Energen Corporation (NYSE:EGN) had its price target upped by Barclays PLC from $57.00 to $61.00 in a research note published on Wednesday morning. They currently have an equal weight rating on the oil and gas producer’s stock.
Several other brokerages have also issued reports on EGN. Mizuho reiterated a buy rating and issued a $69.00 price target on shares of Energen Corporation in a research note on Friday, September 29th. SunTrust Banks, Inc. reiterated a buy rating and issued a $70.00 price target on shares of Energen Corporation in a research note on Monday, October 2nd. Wolfe Research began coverage on Energen Corporation in a research note on Thursday, June 15th. They issued a market perform rating and a $60.00 price target on the stock. Zacks Investment Research lowered Energen Corporation from a hold rating to a sell rating in a research note on Thursday, July 27th. Finally, Stifel Nicolaus set a $80.00 price target on Energen Corporation and gave the company a buy rating in a research note on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $66.21.
Energen Corporation (NYSE:EGN) traded up 0.04% during trading on Wednesday, reaching $53.16. The company’s stock had a trading volume of 1,008,784 shares. Energen Corporation has a 1-year low of $46.16 and a 1-year high of $64.43. The stock has a market cap of $5.17 billion, a P/E ratio of 84.11 and a beta of 1.95. The company’s 50 day moving average price is $52.42 and its 200-day moving average price is $52.27.
Energen Corporation (NYSE:EGN) last issued 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. Energen Corporation had a negative return on equity of 1.74% and a net margin of 7.75%. The company had revenue of $256.82 million for the quarter, compared to analyst estimates of $222.60 million. During the same quarter last year, the company posted ($0.28) EPS. The company’s revenue for the quarter was up 142.8% compared to the same quarter last year. Equities analysts forecast that Energen Corporation will post $0.42 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Energen Corporation by 5,491.7% during the 1st quarter. BlackRock Inc. now owns 9,266,613 shares of the oil and gas producer’s stock worth $504,475,000 after buying an additional 9,100,891 shares during the period. Vanguard Group Inc. lifted its holdings in Energen Corporation by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 9,158,242 shares of the oil and gas producer’s stock worth $498,574,000 after buying an additional 466,977 shares during the period. Boston Partners lifted its holdings in Energen Corporation by 5.7% during the 2nd quarter. Boston Partners now owns 9,070,795 shares of the oil and gas producer’s stock worth $447,825,000 after buying an additional 492,092 shares during the period. Victory Capital Management Inc. lifted its holdings in Energen Corporation by 34.9% during the 2nd quarter. Victory Capital Management Inc. now owns 3,832,506 shares of the oil and gas producer’s stock worth $189,211,000 after buying an additional 990,600 shares during the period. Finally, State Street Corp lifted its holdings in Energen Corporation by 0.7% during the 2nd quarter. State Street Corp now owns 3,330,220 shares of the oil and gas producer’s stock worth $164,414,000 after buying an additional 24,037 shares during the period. 94.01% of the stock is currently owned by hedge funds and other institutional investors.
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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