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Equities research analysts at Johnson Rice assumed coverage on shares of Energen (NYSE:EGN) in a research note issued to investors on Tuesday. The firm set an “overweight” rating on the stock.

Energen (NYSE:EGN) traded down 0.44% on Tuesday, hitting $89.67. 79,247 shares of the company’s stock traded hands. Energen has a 52-week low of $50.50 and a 52-week high of $90.66. The stock has a 50-day moving average of $86.02 and a 200-day moving average of $77.8. The company has a market cap of $6.526 billion and a P/E ratio of 32.43.

Energen (NYSE:EGN) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.20 by $0.15. On average, analysts predict that Energen will post $2.98 earnings per share for the current fiscal year.

In other Energen news, CFO Charles W. Porter sold 16,334 shares of the stock on the open market in a transaction dated Friday, June 20th. The shares were sold at an average price of $90.23, for a total transaction of $1,473,816.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

EGN has been the subject of a number of other recent research reports. Analysts at Global Hunter Securities upgraded shares of Energen from a “neutral” rating to an “accumulate” rating in a research note on Tuesday, June 17th. They now have a $110.00 price target on the stock, up previously from $85.00. Separately, analysts at Howard Weil raised their price target on shares of Energen from $96.00 to $100.00 in a research note on Friday, May 2nd. They now have a “sector outperform” rating on the stock. Finally, analysts at Topeka Capital Markets raised their price target on shares of Energen from $92.00 to $95.00 in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $94.23.

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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