Energen PT Raised to $98.00 at Maxim Group (EGN)
Equities research analysts at Maxim Group upped their target price on shares of Energen (NYSE:EGN) from $94.00 to $98.00 in a research note issued to investors on Monday, American Banking News.com reports. The firm currently has a “sell” rating on the stock. Maxim Group’s target price would suggest a potential upside of 20.22% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Howard Weil raised their price target on shares of Energen from $90.00 to $96.00 in a research note on Monday. They now have a “sector outperform” rating on the stock. Separately, analysts at SunTrust raised their price target on shares of Energen from $93.00 to $97.00 in a research note on Wednesday, April 2nd. Finally, analysts at Zacks upgraded shares of Energen from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 1st. They now have a $81.80 price target on the stock. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $89.68.
Energen (NYSE:EGN) traded down 1.20% on Monday, hitting $80.54. The stock had a trading volume of 1,307,261 shares. Energen has a 52 week low of $45.11 and a 52 week high of $89.92. The stock’s 50-day moving average is $79.85 and its 200-day moving average is $75.28. The company has a market cap of $5.856 billion and a price-to-earnings ratio of 28.84.
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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