Energen Corp. Receives New Coverage from Analysts at Iberia Capital (EGN)
Equities research analysts at Iberia Capital started coverage on shares of Energen Corp. (NYSE:EGN) in a research note issued to investors on Friday, Analyst Ratings Network reports. The firm set an “outperform” rating on the stock.
A number of other analysts have also recently weighed in on EGN. Analysts at SunTrust reiterated a “buy” rating on shares of Energen Corp. (NYSE:EGN) in a research note to investors on Monday. They now have a $84.00 price target on the stock. Separately, 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. Finally, 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, September 12th. They now have a “buy” rating on the stock.
One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $72.45.
Energen Corp. (NYSE:EGN) opened at 75.64 on Friday. Energen Corp. has a 52 week low of $41.38 and a 52 week high of $76.78. The stock’s 50-day moving average is $67.8 and its 200-day moving average is $55.83. The company has a market cap of $5.463 billion and a P/E ratio of 26.73.
Energen Corp. (NYSE:EGN) last released its earnings data 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 last year, the company posted $0.73 earnings per share. Analysts expect that Energen Corp. will post $3.38 EPS for the current fiscal year.
In other Energen Corp. news, General Counsel J David Woodruff, Jr. sold 2,500 shares of the company’s stock on the open market in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $70.76, for a total transaction of $176,900.00. Following the completion of the transaction, the general counsel now directly owns 656 shares of the company’s stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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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