Brokerages expect that Energen Co. (NYSE:EGN) will report $301.71 million in sales for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Energen’s earnings, with the lowest sales estimate coming in at $285.81 million and the highest estimate coming in at $323.03 million. Energen reported sales of $114.52 million during the same quarter last year, which would indicate a positive year over year growth rate of 163.5%. The business is expected to announce its next earnings report on Thursday, February 8th.
According to Zacks, analysts expect that Energen will report full-year sales of $301.71 million for the current year, with estimates ranging from $936.00 million to $985.20 million. For the next financial year, analysts anticipate that the firm will report sales of $1.36 billion per share, with estimates ranging from $1.21 billion to $1.49 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Energen.
Energen (NYSE:EGN) last posted its quarterly earnings results on Wednesday, November 8th. The oil and gas producer reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.05. The firm had revenue of $191.50 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.22) EPS.
Energen (EGN) traded up $0.07 on Friday, hitting $57.48. The stock had a trading volume of 2,330,915 shares, compared to its average volume of 582,285. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.24. The stock has a market cap of $5,580.36, a price-to-earnings ratio of -522.55, a PEG ratio of 0.91 and a beta of 1.90. Energen has a 12-month low of $46.16 and a 12-month high of $60.07.
In other Energen news, Director Lori A. Lancaster purchased 1,000 shares of Energen stock in a transaction dated Friday, December 22nd. The stock was purchased at an average price of $57.79 per share, with a total value of $57,790.00. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $57,790. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, 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 transaction of $142,525.00. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Energen by 0.7% during the 2nd quarter. State Street Corp now owns 3,330,220 shares of the oil and gas producer’s stock valued at $164,414,000 after purchasing an additional 24,037 shares during the last quarter. Cramer Rosenthal Mcglynn LLC grew its stake in shares of Energen by 4.6% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,504,716 shares of the oil and gas producer’s stock valued at $74,288,000 after acquiring an additional 65,823 shares during the period. Systematic Financial Management LP grew its stake in shares of Energen by 19.5% during the 3rd quarter. Systematic Financial Management LP now owns 1,314,711 shares of the oil and gas producer’s stock valued at $71,888,000 after acquiring an additional 214,802 shares during the period. FMR LLC grew its stake in shares of Energen by 10.8% during the 2nd quarter. FMR LLC now owns 625,264 shares of the oil and gas producer’s stock valued at $30,869,000 after acquiring an additional 60,907 shares during the period. Finally, Cibc World Markets Corp grew its stake in shares of Energen by 1,674.3% during the 2nd quarter. Cibc World Markets Corp now owns 621,000 shares of the oil and gas producer’s stock valued at $30,659,000 after acquiring an additional 586,000 shares during the period. 96.05% of the stock is owned by hedge funds and other institutional investors.
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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.
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