Energen Price Target Raised to $113.00 at SunTrust (EGN)
SunTrust lifted their target price on shares of Energen (NYSE:EGN) from $98.00 to $113.00 in a research note issued on Friday. SunTrust’s price target indicates a potential upside of 30.71% from the company’s current price.
Energen (NYSE:EGN) traded down 1.71% during mid-day trading on Friday, hitting $84.97. The stock had a trading volume of 385,472 shares. Energen has a 1-year low of $54.79 and a 1-year high of $90.66. The stock has a 50-day moving average of $87.59 and a 200-day moving average of $79.59. The company has a market cap of $6.184 billion and a price-to-earnings ratio of 31.13.
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. Analysts expect that Energen will post $3.00 EPS for the current fiscal year.
EGN has been the subject of a number of other recent research reports. Analysts at Howard Weil raised their price target on shares of Energen from $100.00 to $104.00 in a research note on Thursday. They now have a “sector outperform” rating on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Energen presently has an average rating of “Buy” and an average price target of $97.68.
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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