Shares of Energen Co. (NYSE:EGN) have earned a consensus recommendation of “Hold” from the twenty-eight ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $65.33.
EGN has been the topic of several research reports. Citigroup increased their price target on shares of Energen from $56.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, October 13th. Jefferies Group started coverage on shares of Energen in a report on Monday, October 9th. They issued a “buy” rating and a $68.00 target price on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $59.00 target price (up previously from $56.00) on shares of Energen in a report on Thursday, November 9th. Bank of America started coverage on shares of Energen in a report on Monday, October 16th. They issued a “neutral” rating on the stock. Finally, Barclays raised their target price on shares of Energen from $57.00 to $61.00 and gave the company an “equal weight” rating in a report on Wednesday, October 11th.
Shares of Energen (NYSE EGN) traded up $1.98 on Monday, hitting $55.48. 702,300 shares of the stock traded hands, compared to its average volume of 1,306,254. Energen has a 1-year low of $46.16 and a 1-year high of $60.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.53 and a current ratio of 0.58.
Energen (NYSE:EGN) last issued its quarterly earnings results on Wednesday, November 8th. The oil and gas producer reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.05. The business had revenue of $191.50 million for the quarter, compared to analysts’ expectations of $242.81 million. Energen had a negative net margin of 1.17% and a negative return on equity of 0.45%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.22) earnings per share. analysts predict that Energen will post 0.48 EPS for the current year.
In other Energen news, General Counsel J David Woodruff, Jr. sold 2,500 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $57.01, for a total value of $142,525.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.00% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC grew 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 worth $264,000 after acquiring an additional 119 shares during the last quarter. Utah Retirement Systems grew 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 worth $880,000 after acquiring an additional 200 shares during the last quarter. Comerica Bank grew its position in shares of Energen by 0.4% during the second quarter. Comerica Bank now owns 81,766 shares of the oil and gas producer’s stock worth $4,191,000 after acquiring an additional 338 shares during the last quarter. Suntrust Banks Inc. grew its position in shares of Energen by 1.5% during the second quarter. Suntrust Banks Inc. now owns 26,481 shares of the oil and gas producer’s stock worth $1,306,000 after acquiring an additional 393 shares during the last quarter. Finally, Synovus Financial Corp grew its position in shares of Energen by 0.8% during the second quarter. Synovus Financial Corp now owns 52,267 shares of the oil and gas producer’s stock worth $2,581,000 after acquiring an additional 408 shares during the last quarter. Institutional investors and hedge funds own 96.06% of the company’s stock.
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.