Energen Corp. Price Target Raised to $85.00 at Topeka Capital Markets (EGN)
Topeka Capital Markets boosted their price target on shares of Energen Corp. (NYSE:EGN) from $78.00 to $85.00 in a research note issued on Monday, American Banking News reports. The firm currently has a “buy” rating on the stock. Topeka Capital Markets’ price target would indicate a potential upside of 19.92% from the stock’s previous close.
Energen Corp. (NYSE:EGN) traded up 0.24% during mid-day trading on Monday, hitting $70.88. The stock had a trading volume of 1,005,361 shares. Energen Corp. has a 1-year low of $41.38 and a 1-year high of $71.23. The stock’s 50-day moving average is $66.03 and its 200-day moving average is $55.05. The company has a market cap of $5.119 billion and a P/E ratio of 24.99.
Energen Corp. (NYSE:EGN) last posted its quarterly earnings results 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 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.
Several other analysts have also recently commented on the stock. 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 Sterne Agee raised their price target on shares of Energen Corp. (NYSE:EGN) from $68.00 to $73.00 in a research note to investors on Friday, August 2nd.
One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $72.45.
In other Energen Corp. news, General Counsel J David Woodruff, Jr. sold 2,500 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $70.76, for a total value of $176,900.00. The sale was disclosed in a filing with the SEC, 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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