Energen Given New $104.00 Price Target at Howard Weil (EGN)
Howard Weil boosted their price objective on shares of Energen (NYSE:EGN) from $100.00 to $104.00 in a research note issued on Thursday. The firm currently has a “sector outperform” rating on the stock. Howard Weil’s price target points to a potential upside of 17.67% from the stock’s previous close.
Energen (NYSE:EGN) opened at 86.52 on Thursday. Energen has a 52 week low of $54.79 and a 52 week high of $90.66. The stock’s 50-day moving average is $87.46 and its 200-day moving average is $79.5. The company has a market cap of $6.297 billion and a P/E ratio of 31.83.
Energen (NYSE:EGN) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.20 by $0.15. Analysts expect that Energen will post $3.00 EPS for the current fiscal year.
A number of other firms have also recently commented on EGN. Analysts at Topeka Capital Markets raised their price target on shares of Energen from $98.00 to $105.00 in a research note on Wednesday, July 2nd. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of Energen in a research note on Tuesday, July 1st. They set a “buy” rating and a $109.00 price target on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Energen currently has an average rating of “Buy” and a consensus price target of $96.45.
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.