Energen (EGN) Given a $72.00 Price Target at Mizuho

Mizuho set a $72.00 price objective on Energen (NYSE:EGN) in a report published on Tuesday. The firm currently has a buy rating on the oil and gas producer’s stock.

Other analysts also recently issued reports about the company. Scotiabank restated a buy rating and issued a $63.00 price target on shares of Energen in a research note on Wednesday, November 22nd. Jefferies Group started coverage on Energen in a research note on Monday, October 9th. They issued a buy rating and a $68.00 price target for the company. Stifel Nicolaus set a $80.00 price target on Energen and gave the company a buy rating in a research note on Thursday, October 5th. SunTrust Banks restated a buy rating and issued a $70.00 price target on shares of Energen in a research note on Monday, October 2nd. Finally, Zacks Investment Research upgraded Energen from a hold rating to a buy rating and set a $60.00 price target for the company in a research note on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company’s stock. Energen presently has a consensus rating of Hold and a consensus price target of $64.95.

Shares of Energen (NYSE:EGN) opened at $57.48 on Tuesday. The stock has a market capitalization of $5,580.36, a price-to-earnings ratio of -522.55, a P/E/G ratio of 0.91 and a beta of 1.90. Energen has a one year low of $46.16 and a one year high of $60.07. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 0.24.

Energen (NYSE:EGN) last released its quarterly earnings results on Wednesday, November 8th. The oil and gas producer reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.05. The business had revenue of $191.50 million during the quarter, compared to the consensus estimate of $242.81 million. Energen had a negative return on equity of 0.45% and a negative net margin of 1.17%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.22) EPS. equities analysts predict that Energen will post 0.5 earnings per share for the current fiscal year.

In other news, General Counsel J David Woodruff, Jr. sold 2,500 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $57.01, for a total transaction of $142,525.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Corvex Management Lp sold 80,294 shares of the business’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $57.56, for a total value of $4,621,722.64. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Keybank National Association OH raised its holdings in shares of Energen by 48.2% during the 3rd quarter. Keybank National Association OH now owns 53,727 shares of the oil and gas producer’s stock worth $2,938,000 after buying an additional 17,464 shares in the last quarter. Cibc World Markets Corp raised its holdings in shares of Energen by 1,674.3% during the 2nd quarter. Cibc World Markets Corp now owns 621,000 shares of the oil and gas producer’s stock worth $30,659,000 after buying an additional 586,000 shares in the last quarter. Comerica Bank raised its holdings in shares of Energen by 55.7% during the 3rd quarter. Comerica Bank now owns 127,313 shares of the oil and gas producer’s stock worth $6,507,000 after buying an additional 45,547 shares in the last quarter. BlueCrest Capital Management Ltd raised its holdings in shares of Energen by 73.4% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 164,178 shares of the oil and gas producer’s stock worth $8,105,000 after buying an additional 69,519 shares in the last quarter. Finally, Cipher Capital LP raised its holdings in shares of Energen by 65.8% during the 3rd quarter. Cipher Capital LP now owns 71,121 shares of the oil and gas producer’s stock worth $3,888,000 after buying an additional 28,229 shares in the last quarter. 96.05% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Energen (NYSE:EGN)

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