Energen Co. (NYSE:EGN) has been assigned a consensus recommendation of “Hold” from the twenty-five research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $79.17.
EGN has been the topic of a number of recent research reports. Zacks Investment Research upgraded Energen from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a research note on Monday, October 1st. Morgan Stanley raised their price objective on Energen from $76.00 to $86.00 and gave the stock a “hold” rating in a research note on Wednesday, September 26th. National Alliance Securities lowered Energen from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. ValuEngine upgraded Energen from a “hold” rating to a “buy” rating in a research note on Tuesday, September 18th. Finally, KLR Group restated a “buy” rating and set a $91.00 price objective on shares of Energen in a research note on Monday, August 20th.
Several institutional investors and hedge funds have recently modified their holdings of the company. Third Point LLC bought a new position in shares of Energen in the 2nd quarter valued at $98,307,000. Alpine Associates Management Inc. bought a new position in shares of Energen in the 3rd quarter valued at $93,772,000. Deutsche Bank AG increased its stake in shares of Energen by 25.5% in the 3rd quarter. Deutsche Bank AG now owns 826,832 shares of the oil and gas producer’s stock valued at $71,241,000 after purchasing an additional 168,027 shares during the last quarter. Capital Research Global Investors bought a new position in shares of Energen in the 3rd quarter valued at $67,988,000. Finally, Bank of America Corp DE increased its stake in shares of Energen by 30.0% in the 2nd quarter. Bank of America Corp DE now owns 739,996 shares of the oil and gas producer’s stock valued at $53,886,000 after purchasing an additional 170,832 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.
NYSE:EGN opened at $72.12 on Monday. The company has a market cap of $7.03 billion, a P/E ratio of 96.16 and a beta of 1.50. The company has a quick ratio of 0.38, a current ratio of 0.43 and a debt-to-equity ratio of 0.26. Energen has a 1-year low of $47.81 and a 1-year high of $89.83.
Energen (NYSE:EGN) last released its quarterly earnings results on Tuesday, November 6th. The oil and gas producer reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.11. The business had revenue of $380.88 million during the quarter, compared to analysts’ expectations of $364.64 million. Energen had a return on equity of 8.70% and a net margin of 31.37%. As a group, equities research analysts forecast that Energen will post 3.57 earnings per share for the current year.
Energen Company Profile
Energen Corporation, through its subsidiary, Energen Resources Corporation, engages in the exploration, development, and production of oil, natural gas liquids, and natural gas. The company has operations 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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