Energen Co. (NYSE:EGN) – Analysts at Jefferies Group raised their Q4 2017 EPS estimates for shares of Energen in a research note issued to investors on Wednesday. Jefferies Group analyst M. Lear now anticipates that the oil and gas producer will earn $0.38 per share for the quarter, up from their prior forecast of $0.34. Jefferies Group has a “Buy” rating and a $68.00 price objective on the stock. Jefferies Group also issued estimates for Energen’s Q1 2018 earnings at $0.54 EPS, Q2 2018 earnings at $0.58 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.58 EPS and FY2018 earnings at $2.33 EPS.
Energen (NYSE:EGN) last issued its earnings results on Wednesday, November 8th. The oil and gas producer reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.05. Energen had a negative net margin of 1.17% and a negative return on equity of 0.45%. The firm had revenue of $191.50 million during the quarter, compared to the consensus estimate of $242.81 million. During the same quarter in the prior year, the firm earned ($0.22) earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis.
Shares of Energen (NYSE:EGN) traded up $0.25 during mid-day trading on Monday, hitting $57.75. 516,600 shares of the stock traded hands, compared to its average volume of 1,302,194. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.58 and a quick ratio of 0.53. Energen has a 52 week low of $46.16 and a 52 week high of $60.21. The company has a market capitalization of $5,613.41, a P/E ratio of -525.00, a price-to-earnings-growth ratio of 3.86 and a beta of 1.90.
Hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. lifted its stake in shares of Energen by 43.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 434,965 shares of the oil and gas producer’s stock worth $21,475,000 after buying an additional 130,899 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Energen during the 2nd quarter worth about $4,944,000. Bank of New York Mellon Corp lifted its stake in shares of Energen by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,221,402 shares of the oil and gas producer’s stock worth $60,301,000 after buying an additional 4,774 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Energen by 12.2% during the 2nd quarter. Legal & General Group Plc now owns 115,413 shares of the oil and gas producer’s stock worth $5,698,000 after buying an additional 12,542 shares during the last quarter. Finally, Comerica Bank lifted its stake in shares of Energen by 0.4% during the 2nd quarter. Comerica Bank now owns 81,766 shares of the oil and gas producer’s stock worth $4,191,000 after buying an additional 338 shares during the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.
In other Energen news, General Counsel J David Woodruff, Jr. sold 2,500 shares of the stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lori A. Lancaster purchased 1,000 shares of the business’s stock in a transaction on Friday, December 22nd. The stock was purchased at an average price of $57.79 per share, with a total value of $57,790.00. Following the purchase, the director now owns 1,000 shares of the company’s stock, valued at $57,790. The disclosure for this purchase can be found here. Corporate insiders own 1.00% 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.
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