Barclays upgraded shares of Energen (NYSE:EGN) from an equal weight rating to an overweight rating in a research report sent to investors on Monday, November 20th. They currently have $70.00 price target on the oil and gas producer’s stock.
Several other research firms have also recently weighed in on EGN. Royal Bank Of Canada reaffirmed a sector perform rating and set a $59.00 price objective (up from $56.00) on shares of Energen in a research report on Thursday, November 9th. SunTrust Banks restated a buy rating and issued a $70.00 price objective on shares of Energen in a research note on Monday, October 2nd. Mizuho reiterated a buy rating and set a $69.00 target price on shares of Energen in a research note on Friday, September 29th. Zacks Investment Research lowered Energen from a hold rating to a sell rating in a research note on Thursday, July 27th. Finally, Stifel Nicolaus set a $80.00 target price on Energen and gave the stock a buy rating in a research note on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $66.17.
Energen (NYSE:EGN) traded down $2.07 during midday trading on Monday, reaching $52.87. The company had a trading volume of 950,255 shares, compared to its average volume of 1,331,862. Energen has a fifty-two week low of $46.16 and a fifty-two week high of $63.06. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 0.24.
Energen (NYSE:EGN) last posted its earnings results on Wednesday, November 8th. The oil and gas producer reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. The firm had revenue of $191.50 million during the quarter, compared to analysts’ expectations of $242.81 million. Energen had a negative return on equity of 0.45% and a negative net margin of 1.17%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.22) earnings per share. equities research analysts predict that Energen will post 0.46 EPS for the current year.
In other news, General Counsel J David Woodruff, Jr. sold 2,500 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $57.01, for a total transaction of $142,525.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC increased its position in shares of Energen by 2.3% during the second quarter. HighTower Advisors LLC now owns 5,345 shares of the oil and gas producer’s stock valued at $264,000 after acquiring an additional 119 shares in the last quarter. Utah Retirement Systems increased its position in shares of Energen by 1.1% during the second quarter. Utah Retirement Systems now owns 17,822 shares of the oil and gas producer’s stock valued at $880,000 after acquiring an additional 200 shares in the last quarter. Creative Planning increased its position in shares of Energen by 8.0% during the second quarter. Creative Planning now owns 3,390 shares of the oil and gas producer’s stock valued at $167,000 after acquiring an additional 250 shares in the last quarter. Comerica Bank boosted its holdings in Energen by 0.4% in the second quarter. Comerica Bank now owns 81,766 shares of the oil and gas producer’s stock worth $4,191,000 after purchasing an additional 338 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its holdings in Energen by 4.0% in the second quarter. Capstone Asset Management Co. now owns 8,922 shares of the oil and gas producer’s stock worth $440,000 after purchasing an additional 340 shares during the last quarter. 96.11% of the stock is owned by institutional investors and hedge funds.
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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.
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