Shares of Energen Co. (NYSE:EGN) have been given an average rating of “Hold” by the twenty-seven analysts that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $65.05.

Several analysts have recently commented on the stock. Wells Fargo & Co assumed coverage on shares of Energen in a research note on Friday, December 1st. They set a “hold” rating on the stock. Credit Suisse Group assumed coverage on shares of Energen in a research note on Monday, December 11th. They set a “neutral” rating and a $60.00 price target on the stock. Zacks Investment Research raised shares of Energen from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Thursday, October 12th. Jefferies Group assumed coverage on shares of Energen in a research note on Monday, October 9th. They set a “buy” rating and a $68.00 price target on the stock. Finally, Barclays raised shares of Energen from an “equal weight” rating to an “overweight” rating and set a $70.00 price target on the stock in a research note on Monday, November 20th.

Energen (NYSE EGN) traded down $0.24 on Friday, hitting $57.95. 584,829 shares of the stock traded hands, compared to its average volume of 782,700. Energen has a twelve month low of $46.16 and a twelve month high of $60.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.58 and a quick ratio of 0.53. The company has a market capitalization of $5,630.00, a PE ratio of -526.82, a P/E/G ratio of 0.97 and a beta of 1.90.

Energen (NYSE:EGN) last released its quarterly earnings results on Wednesday, November 8th. The oil and gas producer reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.05. Energen had a negative net margin of 1.17% and a negative return on equity of 0.45%. The business had revenue of $191.50 million for the quarter, compared to analysts’ expectations of $242.81 million. During the same period in the prior year, the firm earned ($0.22) earnings per share. Energen’s revenue was up 3.9% compared to the same quarter last year. sell-side analysts anticipate that Energen will post 0.5 EPS for the current fiscal year.

In related news, General Counsel J David Woodruff, Jr. sold 2,500 shares of the stock in a transaction that occurred on 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 document filed with the SEC, which can be accessed through this link. Also, Director Lori A. Lancaster bought 1,000 shares of the business’s stock in a transaction on Friday, December 22nd. The stock was purchased at an average price of $57.79 per share, for a total transaction of $57,790.00. Following the completion of the acquisition, the director now owns 1,000 shares of the company’s stock, valued at approximately $57,790. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. raised its holdings in Energen by 26.0% in the second quarter. Franklin Resources Inc. now owns 1,240,582 shares of the oil and gas producer’s stock worth $61,248,000 after purchasing an additional 255,875 shares during the period. Keybank National Association OH raised its holdings in Energen by 48.2% in the third quarter. Keybank National Association OH now owns 53,727 shares of the oil and gas producer’s stock worth $2,938,000 after purchasing an additional 17,464 shares during the period. Cibc World Markets Corp raised its holdings in Energen by 1,674.3% in the second quarter. Cibc World Markets Corp now owns 621,000 shares of the oil and gas producer’s stock worth $30,659,000 after purchasing an additional 586,000 shares during the period. Comerica Bank raised its holdings in Energen by 55.7% in the third quarter. Comerica Bank now owns 127,313 shares of the oil and gas producer’s stock worth $6,507,000 after purchasing an additional 45,547 shares during the period. Finally, BlueCrest Capital Management Ltd raised its holdings in Energen by 73.4% in the second quarter. BlueCrest Capital Management Ltd now owns 164,178 shares of the oil and gas producer’s stock worth $8,105,000 after purchasing an additional 69,519 shares during the period. Institutional investors own 96.05% 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.

Analyst Recommendations for Energen (NYSE:EGN)

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