Energen Corp. Reaches New 12-Month High at $71.23 (EGN)
Shares of Energen Corp. (NYSE:EGN) hit a new 52-week high during trading on Thursday, Analyst Ratings Network reports. The stock traded as high as $71.23 and last traded at $70.44, with a volume of 702,346 shares trading hands. The stock had previously closed at $69.44.
A number of analysts have recently weighed in on EGN shares. Analysts at Wunderlich raised their price target on shares of Energen Corp. (NYSE:EGN) from $70.00 to $80.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at SunTrust raised their price target on shares of Energen Corp. (NYSE:EGN) from $77.00 to $84.00 in a research note to investors on Wednesday, August 14th. They now have a “buy” rating on the stock. Finally, analysts at Topeka Capital Markets raised their price target on shares of Energen Corp. (NYSE:EGN) from $70.00 to $78.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock.
One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $71.82.
In other Energen Corp. news, CEO J T. Mcmanus unloaded 6,500 shares of Energen Corp. stock on the open market in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $67.73, for a total value of $440,245.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Energen Corp. has a one year low of $41.38 and a one year high of $70.00. The stock has a 50-day moving average of $65.22 and a 200-day moving average of $54.76. The company has a market cap of $5.082 billion and a P/E ratio of 24.54.
Energen Corp. (NYSE:EGN) last announced its earnings results on Wednesday, July 31st. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.04. The company had revenue of $490.06 million for the quarter, compared to the consensus estimate of $404.95 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. Analysts expect that Energen Corp. will post $3.36 EPS for the current fiscal year.
Energen Corporation is a diversified energy holding company engaged in the development, acquisition, exploration and production of oil, natural gas and natural gas liquids in the continental United States and in the purchase, distribution and sale of natural gas in central and north Alabama.
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