Energen Co. (NYSE:EGN) – Stock analysts at KeyCorp lifted their FY2017 earnings per share (EPS) estimates for shares of Energen in a research note issued to investors on Tuesday. KeyCorp analyst C. Stevens now anticipates that the oil and gas producer will earn $0.61 per share for the year, up from their prior estimate of $0.51. KeyCorp also issued estimates for Energen’s Q4 2017 earnings at $0.48 EPS and FY2019 earnings at $4.27 EPS.

Energen (NYSE:EGN) last issued its quarterly earnings data on Wednesday, November 8th. The oil and gas producer reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.05. The business had revenue of $191.50 million for the quarter, compared to the consensus estimate of $242.81 million. Energen had a negative net margin of 1.17% and a negative return on equity of 0.45%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.22) EPS.

EGN has been the topic of a number of other reports. Credit Suisse Group assumed coverage on shares of Energen in a research report on Monday. They issued a “neutral” rating and a $60.00 target price on the stock. Mizuho reaffirmed a “buy” rating and issued a $69.00 target price on shares of Energen in a research report on Friday, September 29th. Zacks Investment Research raised shares of Energen from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Thursday, October 12th. Stifel Nicolaus set a $80.00 target price on shares of Energen and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, Wells Fargo & Company assumed coverage on shares of Energen in a research report on Friday, December 1st. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $64.91.

Shares of Energen (NYSE EGN) opened at $54.55 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.53 and a current ratio of 0.58. Energen has a 1 year low of $46.16 and a 1 year high of $60.21.

A number of institutional investors have recently made changes to their positions in EGN. Cadence Capital Management LLC bought a new position in Energen during the 3rd quarter valued at about $203,000. BB&T Securities LLC bought a new position in Energen during the 3rd quarter valued at about $206,000. Boothbay Fund Management LLC bought a new position in Energen during the 3rd quarter valued at about $209,000. Ironwood Investment Counsel LLC bought a new position in Energen during the 3rd quarter valued at about $219,000. Finally, Optimum Investment Advisors bought a new position in Energen during the 2nd quarter valued at about $228,000. Institutional investors own 96.11% of the company’s stock.

In related news, General Counsel J David Woodruff, Jr. sold 2,500 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $57.01, for a total value of $142,525.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

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Energen 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.

Earnings History and Estimates for Energen (NYSE:EGN)

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