The Energen Co. (EGN) Receives Hold Rating from Royal Bank of Canada

The Energen Co. (EGN) Receives Hold Rating from Royal Bank of Canada

Other analysts also recently issued research reports about the company. Scotiabank reaffirmed a “buy” rating and set a $75.00 target price on shares of Energen in a research note on Friday, February 10th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $73.00 target price on shares of Energen in a research note on Friday. Citigroup Inc reaffirmed a “neutral” rating and set a $62.00 target price (up previously from $61.00) on shares of Energen in a research note on Saturday, April 22nd. BMO Capital Markets reaffirmed a “hold” rating and set a $70.00 target price on shares of Energen in a research note on Monday, May 15th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $81.00 target price on shares of Energen in a research note on Friday, May 26th. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $68.83.

Energen Co. (NYSE:EGN)‘s stock had its “hold” rating reaffirmed by equities research analysts at Royal Bank of Canada in a research note issued to investors on Friday. They currently have a $65.00 price objective on the oil and gas producer’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 14.70% from the company’s current price.

Energen (EGN) opened at 56.67 on Friday. Energen has a 52-week low of $43.29 and a 52-week high of $64.44. The stock has a market cap of $5.51 billion, a PE ratio of 80.27 and a beta of 1.91. The firm has a 50-day moving average price of $54.06 and a 200 day moving average price of $55.20.

In other news, insider John S. Richardson sold 6,500 shares of the business’s stock in a transaction on Friday, March 17th. The stock was sold at an average price of $52.20, for a total transaction of $339,300.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Charles W. Porter sold 6,000 shares of the business’s stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $54.60, for a total value of $327,600.00. The disclosure for this sale can be found here. 1.02% of the stock is owned by insiders. Several large investors have recently made changes to their positions in EGN. BlackRock Inc. raised its stake in shares of Energen by 5,491.7% in the first quarter. BlackRock Inc. now owns 9,266,613 shares of the oil and gas producer’s stock worth $504,475,000 after buying an additional 9,100,891 shares during the period. Vanguard Group Inc. raised its stake in shares of Energen by 5.4% in the first quarter. Vanguard Group Inc. now owns 9,158,242 shares of the oil and gas producer’s stock worth $498,574,000 after buying an additional 466,977 shares during the period. State Street Corp raised its stake in shares of Energen by 4.1% in the first quarter. State Street Corp now owns 3,306,183 shares of the oil and gas producer’s stock worth $179,991,000 after buying an additional 131,399 shares during the period. Credit Suisse AG raised its stake in shares of Energen by 2,708.2% in the first quarter. Credit Suisse AG now owns 2,993,073 shares of the oil and gas producer’s stock worth $162,943,000 after buying an additional 2,886,489 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Energen by 14.5% in the first quarter. Victory Capital Management Inc. now owns 2,841,906 shares of the oil and gas producer’s stock worth $154,713,000 after buying an additional 360,145 shares during the period. 92.70% of the stock is currently owned by institutional investors.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “EGN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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