Energen Corp. Given New $88.00 Price Target at Sterne Agee (EGN)
Equities research analysts at Sterne Agee raised their price target on shares of Energen Corp. (NYSE:EGN) from $78.00 to $88.00 in a research note issued to investors on Tuesday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Sterne Agee’s price target would suggest a potential upside of 9.34% from the company’s current price.
Energen Corp. (NYSE:EGN) traded down 0.11% on Tuesday, hitting $80.48. 1,206,855 shares of the company’s stock traded hands. Energen Corp. has a 52 week low of $41.38 and a 52 week high of $82.70. The stock has a 50-day moving average of $73.63 and a 200-day moving average of $59.50. The company has a market cap of $5.813 billion and a price-to-earnings ratio of 28.47.
Energen Corp. (NYSE:EGN) last issued its quarterly 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 in the prior year, the company posted $0.73 earnings per share. On average, analysts predict that Energen Corp. will post $3.40 EPS for the current fiscal year.
A number of other firms have also recently commented on EGN. Analysts at Barclays upgraded shares of Energen Corp. from an “equal weight” rating to an “overweight” rating in a research note to investors on Tuesday. They now have a $95.00 price target on the stock, up previously from $71.00. Separately, analysts at SunTrust raised their price target on shares of Energen Corp. from $84.00 to $93.00 in a research note to investors on Friday, October 4th. They now have a “buy” rating on the stock. Finally, analysts at Wunderlich raised their price target on shares of Energen Corp. from $80.00 to $95.00 in a research note to investors on Friday, October 4th. They now have a “buy” rating on the stock. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. Energen Corp. has a consensus rating of “Buy” and an average target price of $78.92.
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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