Energen Co. (NYSE:EGN) – KeyCorp lifted their Q1 2018 earnings per share estimates for shares of Energen in a research report issued on Tuesday. KeyCorp analyst C. Stevens now forecasts that the oil and gas producer will earn $0.75 per share for the quarter, up from their prior estimate of $0.26. KeyCorp also issued estimates for Energen’s Q2 2018 earnings at $0.76 EPS, Q3 2018 earnings at $0.76 EPS, Q4 2018 earnings at $0.86 EPS, FY2018 earnings at $3.14 EPS, Q1 2019 earnings at $0.93 EPS, Q2 2019 earnings at $1.02 EPS and Q3 2019 earnings at $1.15 EPS.

Energen (NYSE:EGN) last released its earnings results on Wednesday, November 8th. The oil and gas producer reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 0.45% and a negative net margin of 1.17%. Energen’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.22) earnings per share.

A number of other analysts also recently issued reports on EGN. J P Morgan Chase & Co downgraded Energen from a “neutral” rating to an “underweight” rating and set a $57.00 target price on the stock. in a research report on Friday. Mizuho reaffirmed a “buy” rating and issued a $69.00 target price on shares of Energen in a research report on Friday, September 29th. ValuEngine downgraded Energen from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Stifel Nicolaus set a $80.00 target price on Energen and gave the company a “buy” rating in a research report on Thursday, October 5th. Finally, Credit Suisse Group began coverage on Energen in a research report on Monday. They set a “neutral” rating and a $60.00 price target on the stock. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $65.09.

Energen (NYSE:EGN) traded down $0.59 during trading hours on Friday, hitting $53.96. The company had a trading volume of 429,800 shares, compared to its average volume of 1,311,579. 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 twelve month low of $46.16 and a twelve month high of $60.21.

In other news, General Counsel J David Woodruff, Jr. sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $57.01, for a total transaction of $142,525.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.00% of the company’s stock.

Large investors have recently modified their holdings of the company. Cadence Capital Management LLC bought a new stake in shares of Energen during the third quarter worth approximately $203,000. BB&T Securities LLC bought a new stake in shares of Energen during the third quarter worth approximately $206,000. Boothbay Fund Management LLC bought a new stake in shares of Energen during the third quarter worth approximately $209,000. Ironwood Investment Counsel LLC bought a new stake in shares of Energen during the third quarter worth approximately $219,000. Finally, Optimum Investment Advisors bought a new stake in shares of Energen during the second quarter worth approximately $228,000. Institutional investors own 96.11% 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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