Energen Corporation (EGN) Set to Announce Quarterly Earnings on Wednesday
Energen Corporation (NYSE:EGN) will be issuing its quarterly earnings data before the market opens on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.15 per share for the quarter.
Energen Corporation (NYSE:EGN) last posted its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $256.82 million for the quarter, compared to analyst estimates of $222.60 million. Energen Corporation had a net margin of 7.75% and a negative return on equity of 1.74%. Energen Corporation’s revenue was up 142.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.28) EPS. On average, analysts expect Energen Corporation to post $0.39 EPS for the current fiscal year and $1.57 EPS for the next fiscal year.
Energen Corporation (NYSE:EGN) opened at 51.70 on Wednesday. Energen Corporation has a 12-month low of $46.16 and a 12-month high of $64.43. The firm has a 50-day moving average of $52.83 and a 200 day moving average of $52.04. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of 81.80 and a beta of 1.95.
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EGN has been the topic of several analyst reports. Citigroup Inc. decreased their price target on shares of Energen Corporation from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, July 13th. J P Morgan Chase & Co cut shares of Energen Corporation from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $60.00 to $53.00 in a research note on Thursday, July 20th. ValuEngine raised shares of Energen Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research cut shares of Energen Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Williams Capital set a $76.00 price target on shares of Energen Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seventeen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $66.00.
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.
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