Energen Co. (NYSE:EGN) Director Lori A. Lancaster purchased 1,000 shares of the stock in a transaction on Friday, December 22nd. The shares were purchased at an average price of $57.79 per share, for a total transaction of $57,790.00. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $57,790. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Energen Co. (EGN) opened at $57.75 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $5,610.00, a PE ratio of -525.00, a P/E/G ratio of 3.85 and a beta of 1.90. Energen Co. has a 12 month low of $46.16 and a 12 month high of $60.21.
Energen (NYSE:EGN) last posted its quarterly earnings data on Wednesday, November 8th. The oil and gas producer reported $0.20 earnings per share for the quarter, beating 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 return on equity of 0.45% and a negative net margin of 1.17%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.22) EPS. analysts predict that Energen Co. will post 0.5 EPS for the current fiscal year.
A number of research firms have weighed in on EGN. Royal Bank of Canada restated a “sector perform” rating and set a $59.00 price target (up previously from $56.00) on shares of Energen in a research report on Thursday, November 9th. Wells Fargo & Co began coverage on Energen in a research report on Friday, December 1st. They set a “hold” rating on the stock. Scotiabank restated a “buy” rating and set a $63.00 price target on shares of Energen in a research report on Wednesday, November 22nd. Barclays upgraded Energen from an “equal weight” rating to an “overweight” rating and set a $70.00 price target on the stock in a research report on Monday, November 20th. Finally, Credit Suisse Group began coverage on Energen in a research report on Monday, December 11th. They set a “neutral” rating and a $60.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. Energen presently has a consensus rating of “Hold” and an average price target of $64.81.
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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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