Energen Corp. Rating Lowered to Underperform at Zacks (EGN)
Energen Corp. (NYSE:EGN) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Thursday, AnalystRatings.Net reports. They currently have a $68.80 price objective on the stock. Zacks‘ target price points to a potential upside of 0.19% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at ISI Group upgraded shares of Energen Corp. from a “neutral” rating to a “strong-buy” rating in a research note to investors on Tuesday, November 5th. They now have a $89.00 price target on the stock. Separately, analysts at Sterne Agee raised their price target on shares of Energen Corp. from $88.00 to $98.00 in a research note to investors on Friday, November 1st. They now have a “buy” rating on the stock. Finally, 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Energen Corp. currently has a consensus rating of “Buy” and a consensus target price of $84.48.
Shares of Energen Corp. (NYSE:EGN) traded down 2.94% on Thursday, hitting $68.67. 606,979 shares of the company’s stock traded hands. Energen Corp. has a 52-week low of $44.46 and a 52-week high of $89.92. The stock has a 50-day moving average of $70.87 and a 200-day moving average of $68.73. The company has a market cap of $4.991 billion and a P/E ratio of 27.87.
Energen Corp. (NYSE:EGN) last released its 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 prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. On average, analysts predict that Energen Corp. will post $3.20 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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