Energen Corp. Price Target Increased to $98.00 by Analysts at Sterne Agee (EGN)
Sterne Agee increased their target price on shares of Energen Corp. (NYSE:EGN) from $88.00 to $98.00 in a research note issued on Friday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Sterne Agee’s target price indicates a potential upside of 28.66% from the company’s current price.
A number of other analysts have also recently weighed in on EGN. Analysts at Topeka Capital Markets raised their price target on shares of Energen Corp. from $85.00 to $92.00 in a research note to investors on Wednesday, October 23rd. They now have a “buy” rating on the stock. Separately, analysts at Susquehanna raised their price target on shares of Energen Corp. from $95.00 to $102.00 in a research note to investors on Wednesday, October 16th. They now have a “positive” rating on the stock. Finally, analysts at SunTrust reiterated a “buy” rating on shares of Energen Corp. in a research note to investors on Tuesday, October 15th. They now have a $93.00 price target on the stock. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $83.36.
Energen Corp. (NYSE:EGN) opened at 76.17 on Friday. Energen Corp. has a 52 week low of $41.38 and a 52 week high of $89.92. The stock’s 50-day moving average is $78.77 and its 200-day moving average is $62.39. The company has a market cap of $5.501 billion and a price-to-earnings ratio of 27.67.
Energen Corp. (NYSE:EGN) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.47 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.61 by $0.14. The company had revenue of $320.40 million for the quarter, compared to the consensus estimate of $426.10 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. Analysts expect that Energen Corp. will post $3.28 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.15 per share. This represents a $0.58 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Wednesday, November 13th.
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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