Energen Corp. PT Raised to $102.00 (EGN)
Analysts at Susquehanna boosted their price target on shares of Energen Corp. (NYSE:EGN) from $95.00 to $102.00 in a research report issued to clients and investors on Wednesday, Analyst Ratings.Net reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price objective indicates a potential upside of 22.14% from the stock’s previous close.
A number of other analysts have also recently weighed in on EGN. Analysts at SunTrust reiterated a “buy” rating on shares of Energen Corp. in a research note to investors on Tuesday. They now have a $93.00 price target on the stock. Separately, analysts at Sterne Agee raised their price target on shares of Energen Corp. from $78.00 to $88.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, 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. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $81.00.
Shares of Energen Corp. (NYSE:EGN) traded up 3.76% during mid-day trading on Wednesday, hitting $83.51. 965,129 shares of the company’s stock traded hands. Energen Corp. has a 1-year low of $41.38 and a 1-year high of $84.12. The stock has a 50-day moving average of $74.47 and a 200-day moving average of $59.83. The company has a market cap of $6.031 billion and a P/E ratio of 28.44.
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 last year, the company posted $0.73 earnings per share. Analysts expect that Energen Corp. will post $3.40 EPS 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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