Energen Co. (EGN) Receives $78.35 Average Target Price from Analysts

Shares of Energen Co. (NYSE:EGN) have been given a consensus rating of “Hold” by the twenty-eight research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $78.35.

EGN has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Energen from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research report on Monday, October 1st. ValuEngine lowered shares of Energen from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Morgan Stanley reissued a “hold” rating and issued a $83.00 price target (down previously from $86.00) on shares of Energen in a research report on Friday, October 12th. Jefferies Financial Group set a $85.00 price target on shares of Energen and gave the company a “buy” rating in a research report on Wednesday, July 18th. Finally, Williams Capital lowered shares of Energen from a “buy” rating to a “hold” rating and set a $68.00 price target on the stock. in a research report on Friday, July 20th.

In other news, VP Russell E. Jr. Lynch sold 2,233 shares of the firm’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $77.80, for a total value of $173,727.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Carl C. Icahn purchased 500,000 shares of the firm’s stock in a transaction on Wednesday, August 15th. The shares were acquired at an average price of $76.63 per share, for a total transaction of $38,315,000.00. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of EGN. Bray Capital Advisors acquired a new stake in Energen during the second quarter worth $124,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in Energen during the second quarter worth $196,000. Bank of Montreal Can boosted its stake in Energen by 108.6% during the third quarter. Bank of Montreal Can now owns 2,309 shares of the oil and gas producer’s stock worth $198,000 after buying an additional 29,176 shares in the last quarter. Lourd Capital LLC acquired a new stake in Energen during the third quarter worth $200,000. Finally, Canandaigua National Bank & Trust Co. acquired a new stake in Energen during the second quarter worth $203,000. Hedge funds and other institutional investors own 92.66% of the company’s stock.

NYSE:EGN opened at $73.04 on Thursday. Energen has a 12 month low of $47.81 and a 12 month high of $89.83. The company has a market capitalization of $6.92 billion, a PE ratio of 22.38 and a beta of 1.50. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.50 and a current ratio of 0.43.

Energen (NYSE:EGN) last released its quarterly earnings results on Tuesday, November 6th. The oil and gas producer reported $0.96 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.11. Energen had a net margin of 31.37% and a return on equity of 8.70%. The company had revenue of $380.88 million for the quarter, compared to analyst estimates of $364.64 million. Analysts predict that Energen will post 3.58 earnings per share for the current fiscal year.

About Energen

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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Analyst Recommendations for Energen (NYSE:EGN)

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