Energen Co. Expected to Post Q1 2018 Earnings of $0.82 Per Share (EGN)

Energen Co. (NYSE:EGN) – Research analysts at US Capital Advisors lifted their Q1 2018 EPS estimates for Energen in a research note issued on Monday. US Capital Advisors analyst C. Horwitz now anticipates that the oil and gas producer will post earnings of $0.82 per share for the quarter, up from their previous forecast of $0.58. US Capital Advisors also issued estimates for Energen’s Q2 2018 earnings at $0.84 EPS, Q3 2018 earnings at $0.85 EPS, Q4 2018 earnings at $0.85 EPS, FY2018 earnings at $3.36 EPS, Q1 2019 earnings at $0.98 EPS, Q2 2019 earnings at $0.93 EPS, Q3 2019 earnings at $0.91 EPS, Q4 2019 earnings at $0.91 EPS and FY2019 earnings at $3.73 EPS.

Several other analysts also recently weighed in on the stock. ValuEngine downgraded shares of Energen from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Energen from a “hold” rating to a “strong-buy” rating and set a $60.00 price target for the company in a research note on Thursday, February 1st. Deutsche Bank assumed coverage on shares of Energen in a research note on Thursday, February 1st. They issued a “buy” rating and a $70.00 price target for the company. Stifel Nicolaus set a $85.00 price target on shares of Energen and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, Seaport Global Securities raised shares of Energen from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $66.38.

Shares of Energen (NYSE:EGN) opened at $53.28 on Wednesday. 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 firm has a market cap of $5,156.56, a price-to-earnings ratio of -484.36 and a beta of 1.73. Energen has a one year low of $46.16 and a one year high of $60.07.

In other news, Director Lori A. Lancaster acquired 1,000 shares of the firm’s stock in a transaction on Friday, December 22nd. The shares were purchased at an average price of $57.79 per share, for a total transaction of $57,790.00. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at $57,790. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Corvex Management Lp sold 80,294 shares of the business’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $57.56, for a total transaction of $4,621,722.64. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the business. State Street Corp increased its position in shares of Energen by 0.7% in the second quarter. State Street Corp now owns 3,330,220 shares of the oil and gas producer’s stock valued at $164,414,000 after acquiring an additional 24,037 shares during the period. Systematic Financial Management LP increased its position in shares of Energen by 19.5% during the third 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 buying an additional 214,802 shares during the period. FMR LLC increased its position in shares of Energen by 10.8% during the second quarter. FMR LLC now owns 625,264 shares of the oil and gas producer’s stock valued at $30,869,000 after buying an additional 60,907 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Energen by 5.1% during the third quarter. Dimensional Fund Advisors LP now owns 507,751 shares of the oil and gas producer’s stock valued at $27,763,000 after buying an additional 24,713 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Energen by 4.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 465,120 shares of the oil and gas producer’s stock valued at $26,777,000 after buying an additional 18,853 shares during the period. Hedge funds and other institutional investors own 96.35% 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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