Other research analysts also recently issued research reports about the stock. Scotiabank reiterated a buy rating and issued a $64.00 price objective on shares of Energen Corporation in a research report on Friday, May 5th. Williams Capital reiterated a buy rating and issued a $72.00 price objective on shares of Energen Corporation in a research report on Friday, May 5th. Stifel Nicolaus reiterated a buy rating and issued a $81.00 price objective on shares of Energen Corporation in a research report on Friday, May 26th. Wunderlich reiterated a buy rating and issued a $83.00 price objective on shares of Energen Corporation in a research report on Wednesday, June 21st. Finally, TheStreet upgraded shares of Energen Corporation from a d+ rating to a c- rating in a research report on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $66.23.
Shares of Energen Corporation (NYSE EGN) traded up 0.37% during midday trading on Tuesday, reaching $49.36. The company’s stock had a trading volume of 183,302 shares. The firm has a market capitalization of $4.80 billion, a P/E ratio of 78.10 and a beta of 1.93. Energen Corporation has a 12-month low of $46.16 and a 12-month high of $64.43. The stock has a 50-day moving average of $50.02 and a 200 day moving average of $52.52.
Energen Corporation (NYSE:EGN) last issued its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $256.82 million during the quarter, compared to the consensus estimate of $222.60 million. Energen Corporation had a net margin of 7.75% and a negative return on equity of 1.74%. The company’s revenue was up 142.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.28) earnings per share. Equities research analysts predict that Energen Corporation will post $0.42 EPS for the current fiscal year.
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In other Energen Corporation news, Director Alan A. Kleier acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The stock was bought at an average price of $47.59 per share, with a total value of $47,590.00. Following the purchase, the director now owns 1,500 shares in the company, valued at $71,385. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Flinton Capital Management LLC boosted its stake in Energen Corporation by 10.8% in the first quarter. Flinton Capital Management LLC now owns 2,944 shares of the oil and gas producer’s stock valued at $160,000 after buying an additional 288 shares during the period. Creative Planning boosted its stake in Energen Corporation by 8.0% in the second quarter. Creative Planning now owns 3,390 shares of the oil and gas producer’s stock valued at $167,000 after buying an additional 250 shares during the period. Greenwood Capital Associates LLC purchased a new stake in Energen Corporation during the first quarter valued at $200,000. Investment Counselors of Maryland LLC boosted its stake in 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. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Energen Corporation by 26.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,819 shares of the oil and gas producer’s stock valued at $208,000 after buying an additional 806 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.
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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