Energen Corp. Stock Rating Upgraded by Barclays (EGN)
Energen Corp. (NYSE:EGN) was upgraded by research analysts at Barclays from an “equal weight” rating to an “overweight” rating in a report released on Tuesday, Analyst Ratings.Net reports.
A number of other analysts have also recently weighed in on EGN. 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. Separately, 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. Finally, analysts at Howard Weil raised their price target on shares of Energen Corp. to $89.00 in a research note to investors on Thursday, September 26th. They now have a “sector outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. Energen Corp. has a consensus rating of “Buy” and a consensus price target of $76.09.
Energen Corp. (NYSE:EGN) opened at 80.57 on Tuesday. Energen Corp. has a 1-year low of $41.38 and a 1-year 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 $5.819 billion and a P/E ratio of 28.47.
Energen Corp. (NYSE:EGN) last issued its quarterly 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. On average, analysts predict that Energen Corp. will post $3.39 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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