Energen (EGN) Set to Announce Earnings on Tuesday

Energen (NYSE:EGN) is scheduled to be releasing its earnings data before the market opens on Tuesday, February 20th. Analysts expect Energen to post earnings of $0.41 per share for the quarter.

Shares of Energen (NYSE:EGN) opened at $51.32 on Tuesday. The stock has a market capitalization of $5,030.00, a PE ratio of -466.55 and a beta of 1.73. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.58 and a quick ratio of 0.53. Energen has a 1 year low of $46.16 and a 1 year high of $60.07.

A number of brokerages recently issued reports on EGN. Morgan Stanley raised Energen from an “equal weight” rating to an “overweight” rating and set a $75.00 target price for the company in a research report on Wednesday, January 24th. KeyCorp set a $70.00 target price on Energen and gave the company a “buy” rating in a research report on Sunday, January 21st. Mizuho set a $72.00 target price on Energen and gave the company a “buy” rating in a research report on Tuesday, January 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $59.00 target price (up from $56.00) on shares of Energen in a research report on Thursday, November 9th. Finally, Wells Fargo & Co began coverage on Energen in a research report on Friday, December 1st. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Energen has an average rating of “Buy” and a consensus price target of $66.29.

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

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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 for Energen (NYSE:EGN)

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