Energen Corp. Given Buy Rating at SunTrust (EGN)
Energen Corp. (NYSE:EGN)‘s stock had its “buy” rating reiterated by analysts at SunTrust in a research report issued to clients and investors on Monday, AR Network reports. They currently have a $84.00 price target on the stock. SunTrust’s price objective suggests a potential upside of 18.51% from the company’s current price.
EGN has been the subject of a number of other recent research reports. Analysts at Topeka Capital Markets raised their price target on shares of Energen Corp. (NYSE:EGN) from $78.00 to $85.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, 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.
One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Energen Corp. has a consensus rating of “Buy” and an average target price of $72.45.
Shares of Energen Corp. (NYSE:EGN) traded up 0.24% on Monday, hitting $70.88. The stock had a trading volume of 1,005,361 shares. Energen Corp. has a one year low of $41.38 and a one year high of $71.88. The stock’s 50-day moving average is $66.42 and its 200-day moving average is $55.2. The company has a market cap of $5.119 billion and a P/E ratio of 24.99.
Energen Corp. (NYSE:EGN) last released its earnings data on Wednesday, July 31st. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters 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 last year, the company posted $0.73 earnings per share. Analysts expect that Energen Corp. will post $3.36 EPS for the current fiscal year.
In other Energen Corp. news, General Counsel J David Woodruff, Jr. sold 2,500 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $70.76, for a total transaction of $176,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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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