UBS Group initiated coverage on shares of Energen (NYSE:EGN) in a report issued on Wednesday, www.benzinga.com reports. The brokerage issued a neutral rating and a $62.00 price target on the oil and gas producer’s stock.
Several other brokerages have also weighed in on EGN. JPMorgan Chase & Co. set a $62.00 price objective on shares of Energen and gave the stock a sell rating in a report on Monday, March 5th. Morgan Stanley cut their price objective on shares of Energen from $75.00 to $73.00 and set an overweight rating on the stock in a report on Wednesday, February 7th. Imperial Capital reiterated an outperform rating and set a $72.00 price objective (up from $68.00) on shares of Energen in a report on Wednesday, February 21st. Williams Capital set a $74.00 price objective on shares of Energen and gave the stock a buy rating in a report on Tuesday, February 20th. Finally, Royal Bank of Canada reiterated a sector perform rating and set a $59.00 price objective (up from $56.00) on shares of Energen in a report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Hold and an average target price of $66.48.
Shares of Energen (EGN) opened at $57.81 on Wednesday. Energen has a 12 month low of $46.16 and a 12 month high of $60.07. The stock has a market cap of $5,630.98, a PE ratio of 18.47 and a beta of 1.61. The company has a current ratio of 0.59, a quick ratio of 0.55 and a debt-to-equity ratio of 0.23.
In other news, Director Lori A. Lancaster acquired 1,000 shares of the stock in a transaction on Friday, December 22nd. The stock was bought at an average price of $57.79 per share, with a total value of $57,790.00. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $57,790. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Corvex Management Lp sold 80,294 shares of the stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $57.56, for a total transaction of $4,621,722.64. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
A number of large investors have recently modified their holdings of EGN. SeaCrest Wealth Management LLC acquired a new stake in Energen in the fourth quarter valued at approximately $109,000. Amundi Pioneer Asset Management Inc. acquired a new stake in Energen in the fourth quarter valued at approximately $115,000. Cerebellum GP LLC acquired a new stake in Energen in the fourth quarter valued at approximately $125,000. Calton & Associates Inc. acquired a new stake in Energen in the fourth quarter valued at approximately $185,000. Finally, ZWJ Investment Counsel Inc. acquired a new stake in Energen in the fourth quarter valued at approximately $201,000. 93.19% of the stock is owned by institutional investors.
Energen 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.
Receive News & Ratings for Energen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energen and related companies with MarketBeat.com's FREE daily email newsletter.