Equities analysts expect that Energen Corporation (NYSE:EGN) will post $0.06 earnings per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Energen Corporation’s earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.14. Energen Corporation posted earnings per share of ($0.28) in the same quarter last year, which suggests a positive year over year growth rate of 121.4%. The company is expected to issue its next quarterly earnings results before the market opens on Tuesday, August 8th.

According to Zacks, analysts expect that Energen Corporation will report full-year earnings of $0.42 per share for the current fiscal year, with EPS estimates ranging from $0.28 to $0.77. For the next fiscal year, analysts anticipate that the business will post earnings of $1.42 per share, with EPS estimates ranging from $0.38 to $3.44. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Energen Corporation.

Energen Corporation (NYSE:EGN) last issued its quarterly earnings data on Thursday, May 4th. The oil and gas producer reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.01. The company had revenue of $240.90 million for the quarter, compared to the consensus estimate of $166.69 million. Energen Corporation had a negative return on equity of 2.79% and a net margin of 10.69%. The company’s revenue was up 87.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.64) earnings per share.

EGN has been the subject of a number of recent analyst reports. Credit Suisse Group restated an “outperform” rating and set a $73.00 price target on shares of Energen Corporation in a report on Friday, June 2nd. Barclays PLC restated a “hold” rating and set a $63.00 price target on shares of Energen Corporation in a report on Wednesday, May 24th. Royal Bank Of Canada set a $65.00 price target on shares of Energen Corporation and gave the stock a “hold” rating in a report on Friday, June 2nd. Stifel Nicolaus restated a “buy” rating and set a $81.00 price target on shares of Energen Corporation in a report on Friday, May 26th. Finally, Wolfe Research initiated coverage on shares of Energen Corporation in a report on Thursday, June 15th. They set a “market perform” rating and a $60.00 price target for the company. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $66.68.

ILLEGAL ACTIVITY WARNING: “Energen Corporation (EGN) Expected to Post Earnings of $0.06 Per Share” was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2017/08/06/energen-corporation-egn-expected-to-post-earnings-of-0-06-per-share.html.

Energen Corporation (EGN) traded up 3.52% on Friday, hitting $49.95. The stock had a trading volume of 1,703,981 shares. Energen Corporation has a 12 month low of $46.10 and a 12 month high of $64.43. The stock has a market cap of $4.85 billion, a PE ratio of 70.75 and a beta of 1.93. The firm’s 50 day moving average price is $50.31 and its 200-day moving average price is $52.96.

In other Energen Corporation news, Director Alan A. Kleier purchased 1,000 shares of the company’s stock in a transaction on Friday, June 23rd. The stock was acquired at an average price of $47.59 per share, for a total transaction of $47,590.00. Following the completion of the purchase, the director now directly owns 1,500 shares in the company, valued at approximately $71,385. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in EGN. State Treasurer State of Michigan boosted its stake in Energen Corporation by 0.8% in the first quarter. State Treasurer State of Michigan now owns 39,400 shares of the oil and gas producer’s stock valued at $2,145,000 after buying an additional 300 shares during the period. Great West Life Assurance Co. Can boosted its stake in Energen Corporation by 4.1% in the first quarter. Great West Life Assurance Co. Can now owns 57,592 shares of the oil and gas producer’s stock valued at $3,133,000 after buying an additional 2,256 shares during the period. Tocqueville Asset Management L.P. boosted its stake in Energen Corporation by 157.9% in the first quarter. Tocqueville Asset Management L.P. now owns 147,000 shares of the oil and gas producer’s stock valued at $8,003,000 after buying an additional 90,000 shares during the period. Canada Pension Plan Investment Board boosted its stake in Energen Corporation by 138.0% in the first quarter. Canada Pension Plan Investment Board now owns 266,800 shares of the oil and gas producer’s stock valued at $14,525,000 after buying an additional 154,700 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in Energen Corporation by 0.7% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 37,060 shares of the oil and gas producer’s stock valued at $2,018,000 after buying an additional 250 shares during the period. 95.12% of the stock is owned by institutional investors and hedge funds.

Energen Corporation Company Profile

Energen Corporation is an oil and natural gas exploration and production company. The Company is engaged in the exploration, development and production of oil and natural gas properties and natural gas. Its operations are conducted through subsidiary, Energen Resources Corporation and occur within the Midland Basin, the Delaware Basin and the Central Basin Platform areas of the Permian Basin in west Texas and New Mexico.

Get a free copy of the Zacks research report on Energen Corporation (EGN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Energen Corporation (NYSE:EGN)

Receive News & Ratings for Energen Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energen Corporation and related companies with MarketBeat.com's FREE daily email newsletter.