Energen (EGN) Reaches New 1-Year High and Low at $63.29

Energen Co. (NYSE:EGN) hit a new 52-week high and low on Friday . The stock traded as low as $63.29 and last traded at $62.86, with a volume of 1841300 shares. The stock had previously closed at $60.78.

Several brokerages have weighed in on EGN. Stifel Nicolaus set a $99.00 price target on Energen and gave the stock a “buy” rating in a report on Wednesday. Morgan Stanley upgraded Energen from an “equal weight” rating to an “overweight” rating and set a $75.00 price target on the stock in a report on Wednesday, January 24th. KeyCorp set a $70.00 price target on Energen and gave the stock a “buy” rating in a report on Sunday, January 21st. Mizuho set a $72.00 price target on Energen and gave the stock a “buy” rating in a report on Tuesday, January 16th. Finally, Stephens reiterated a “buy” rating and issued a $74.00 price objective on shares of Energen in a report on Thursday, March 15th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $68.00.

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The stock has a market cap of $6,122.88, a PE ratio of 83.81 and a beta of 1.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.59 and a quick ratio of 0.55.

Energen (NYSE:EGN) last announced its earnings results on Tuesday, February 20th. The oil and gas producer reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.22. The firm had revenue of $271.80 million during the quarter, compared to analysts’ expectations of $303.95 million. Energen had a return on equity of 2.27% and a net margin of 30.12%. The business’s revenue was up 137.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.27) EPS. research analysts anticipate that Energen Co. will post 3.17 EPS for the current year.

In other news, Director Jonathan Z. Cohen bought 17,500 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was purchased at an average cost of $57.36 per share, with a total value of $1,003,800.00. Following the transaction, the director now directly owns 17,500 shares in the company, valued at $1,003,800. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman J T. Mcmanus sold 3,116 shares of the company’s stock in a transaction dated Monday, March 26th. The shares were sold at an average price of $58.06, for a total value of $180,914.96. Following the completion of the sale, the chairman now directly owns 115,794 shares of the company’s stock, valued at $6,722,999.64. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SeaCrest Wealth Management LLC acquired a new stake in shares of Energen in the 4th quarter valued at about $109,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Energen in the 4th quarter valued at about $115,000. Cerebellum GP LLC acquired a new stake in shares of Energen in the 4th quarter valued at about $125,000. Calton & Associates Inc. acquired a new stake in Energen during the 4th quarter worth approximately $185,000. Finally, ZWJ Investment Counsel Inc. acquired a new stake in Energen during the 4th quarter worth approximately $201,000. 93.58% of the stock is owned by hedge funds and other 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.

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