Energen Corp. PT Raised to $93.00 (EGN)
Equities research analysts at SunTrust upped their target price on shares of Energen Corp. (NYSE:EGN) from $84.00 to $93.00 in a research note issued to investors on Friday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. SunTrust’s price objective would indicate a potential upside of 14.14% from the stock’s previous close.
A number of other analysts have also recently weighed in on EGN. Analysts at Wunderlich raised their price target on shares of Energen Corp. (NYSE:EGN) from $80.00 to $95.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Howard Weil raised their price target on shares of Energen Corp. (NYSE:EGN) to $89.00 in a research note to investors on Thursday, September 26th. They now have a “sector outperform” rating on the stock. Finally, analysts at Iberia Capital initiated coverage on shares of Energen Corp. (NYSE:EGN) in a research note to investors on Friday, September 20th. They set an “outperform” 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’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.09.
Energen Corp. (NYSE:EGN) traded up 1.66% during mid-day trading on Friday, hitting $81.48. The stock had a trading volume of 759,070 shares. Energen Corp. has a one year low of $41.38 and a one year high of $80.38. The stock’s 50-day moving average is $70.99 and its 200-day moving average is $57.97. The company has a market cap of $5.885 billion and a price-to-earnings ratio of 28.32.
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. On average, analysts predict that Energen Corp. will post $3.38 earnings per share 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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