Energen Price Target Lowered to $110.00 at Canaccord Genuity (EGN)
Research analysts at Canaccord Genuity cut their target price on shares of Energen (NYSE:EGN) from $128.00 to $110.00 in a report released on Monday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective indicates a potential upside of 36.95% from the company’s current price.
Shares of Energen (NYSE:EGN) opened at 80.32 on Monday. Energen has a 1-year low of $63.76 and a 1-year high of $90.66. The stock’s 50-day moving average is $87.42 and its 200-day moving average is $81.4. The company has a market cap of $5.851 billion and a P/E ratio of 53.12.
Energen (NYSE:EGN) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.52 by $0.04. 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. On average, analysts predict that Energen will post $3.02 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders 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 0.75%. The ex-dividend date is Wednesday, August 13th.
A number of other analysts have also recently weighed in on EGN. 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. Separately, 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 analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $100.07.
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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