Scotiabank reiterated their buy rating on shares of Energen Corporation (NYSE:EGN) in a research report released on Monday, May 15th, StockTargetPrices.com reports. Scotiabank currently has a $64.00 target price on the oil and gas producer’s stock.
Several other research firms also recently issued reports on EGN. BMO Capital Markets reaffirmed a hold rating and issued a $70.00 price objective on shares of Energen Corporation in a research note on Monday, May 15th. TheStreet raised Energen Corporation from a d+ rating to a c- rating in a research note on Thursday, May 4th. Williams Capital reaffirmed a buy rating and issued a $72.00 price objective on shares of Energen Corporation in a research note on Friday, May 5th. Citigroup Inc. reaffirmed a neutral rating and issued a $62.00 price objective (up previously from $61.00) on shares of Energen Corporation in a research note on Saturday, April 22nd. Finally, Royal Bank of Canada set a $66.00 price objective on Energen Corporation and gave the company a hold rating in a research note on Thursday, April 20th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $68.83.
Energen Corporation (NYSE EGN) traded down 0.21% during midday trading on Monday, reaching $51.90. 2,201,722 shares of the company’s stock traded hands. The company has a market cap of $5.04 billion, a P/E ratio of 73.51 and a beta of 1.88. The stock has a 50-day moving average of $54.56 and a 200 day moving average of $55.00. Energen Corporation has a 52-week low of $43.29 and a 52-week high of $64.43.
Energen Corporation (NYSE:EGN) last posted its earnings results on Thursday, May 4th. The oil and gas producer reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.01. The company had revenue of $240.90 million during the quarter, compared to the consensus estimate of $166.69 million. Energen Corporation had a negative return on equity of 2.79% and a net margin of 10.69%. The firm’s revenue was up 87.9% compared to the same quarter last year. During the same period last year, the company posted ($0.64) EPS. On average, analysts anticipate that Energen Corporation will post $0.61 earnings per share for the current fiscal year.
In other news, VP Charles W. Porter sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $54.60, for a total transaction of $327,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.
Several hedge funds have recently made changes to their positions in EGN. DekaBank Deutsche Girozentrale bought a new stake in shares of Energen Corporation during the third quarter valued at approximately $115,000. Flinton Capital Management LLC bought a new stake in shares of Energen Corporation during the fourth quarter valued at approximately $153,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Energen Corporation by 14.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,013 shares of the oil and gas producer’s stock valued at $174,000 after buying an additional 379 shares during the period. Greenwood Capital Associates LLC bought a new stake in shares of Energen Corporation during the first quarter valued at approximately $200,000. Finally, Investment Counselors of Maryland LLC increased its stake in shares of Energen Corporation by 22.6% in the first quarter. Investment Counselors of Maryland LLC now owns 3,711 shares of the oil and gas producer’s stock valued at $202,000 after buying an additional 685 shares during the period. 94.43% of the stock is owned by institutional investors.
Energen Corporation 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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