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Canaccord Genuity initiated coverage on shares of Energen (NYSE:EGN) in a research note issued on Tuesday, reports. The firm set a “buy” rating on the stock.

Energen (NYSE:EGN) opened at 88.88 on Tuesday. Energen has a 52-week low of $52.42 and a 52-week high of $90.66. The stock has a 50-day moving average of $86.95 and a 200-day moving average of $78.56. The company has a market cap of $6.469 billion and a P/E ratio of 31.97.

Energen (NYSE:EGN) last released its earnings data on Wednesday, April 30th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by $0.15. On average, analysts predict that Energen will post $2.99 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 that occurred on Friday, June 20th. The stock was sold at an average price of $90.23, for a total value of $1,473,816.82. The sale was disclosed in a legal filing with the SEC, which is available at this link.

EGN has been the subject of a number of other recent research reports. Analysts at Johnson Rice initiated coverage on shares of Energen in a research note on Tuesday, June 24th. They set an “overweight” rating on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $94.23.

Energen Corporation is an oil- and natural gas liquids-focused exploration and production company. The Company has operations in the Permian and San Juan basins.

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