Energen (EGN) Announces Quarterly Results
Energen (NYSE:EGN) released its earnings data on Wednesday. The company reported $0.48 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.52 by $0.04, AnalystRatingsNetwork reports. The company had revenue of $355.85 million for the quarter, compared to the consensus estimate of $351.22 million. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 13.9% on a year-over-year basis.
Shares of Energen (NYSE:EGN) traded up 0.39% during mid-day trading on Wednesday, hitting $86.53. 691,847 shares of the company’s stock traded hands. Energen has a 52 week low of $57.00 and a 52 week high of $90.66. The stock’s 50-day moving average is $87.82 and its 200-day moving average is $81.29. The company has a market cap of $6.298 billion and a price-to-earnings ratio of 31.04.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Friday, August 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Wednesday, August 13th.
EGN has been the subject of a number of recent research reports. Analysts at SunTrust raised their price target on shares of Energen from $98.00 to $113.00 in a research note on Friday, July 11th. On a related note, analysts at Howard Weil raised their price target on shares of Energen from $100.00 to $104.00 in a research note on Thursday, July 10th. 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 $98.00 to $105.00 in a research note on Wednesday, July 2nd. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Energen has an average rating of “Buy” and a consensus target price 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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