Analysts at UBS Group began coverage on shares of Energen (NYSE:EGN) in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage set a “neutral” rating on the oil and gas producer’s stock.
A number of other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. set a $62.00 price target on shares of Energen and gave the stock a “sell” rating in a research note on Monday. Imperial Capital reiterated an “outperform” rating and issued a $72.00 price target (up previously from $68.00) on shares of Energen in a research note on Wednesday, February 21st. Williams Capital set a $74.00 price target on shares of Energen and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Morgan Stanley decreased their price target on shares of Energen from $75.00 to $73.00 and set an “overweight” rating for the company in a research note on Wednesday, February 7th. Finally, ValuEngine downgraded shares of Energen from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Energen presently has a consensus rating of “Hold” and an average target price of $66.95.
Energen (NYSE:EGN) opened at $55.71 on Wednesday. Energen has a 12 month low of $46.16 and a 12 month high of $60.07. The company has a quick ratio of 0.55, a current ratio of 0.59 and a debt-to-equity ratio of 0.23. The stock has a market cap of $5,514.08, a P/E ratio of 17.80 and a beta of 1.61.
Energen (NYSE:EGN) last issued its quarterly earnings results on Tuesday, February 20th. The oil and gas producer reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.22. Energen had a net margin of 30.12% and a return on equity of 2.27%. The company had revenue of $271.80 million during the quarter, compared to the consensus estimate of $303.95 million. During the same quarter in the previous year, the firm earned ($0.27) earnings per share. The firm’s quarterly revenue was up 137.3% on a year-over-year basis. equities research analysts forecast that Energen will post 3.14 EPS for the current fiscal year.
In other news, major shareholder Corvex Management Lp sold 80,294 shares of Energen stock in a transaction on Friday, December 29th. The shares were sold at an average price of $57.56, for a total value of $4,621,722.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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, for a total transaction of $57,790.00. Following the completion of the acquisition, the director now directly owns 1,000 shares in the company, valued at $57,790. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the company. SeaCrest Wealth Management LLC acquired a new position in shares of Energen in the 4th quarter valued at $109,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Energen in the 4th quarter valued at $115,000. Cerebellum GP LLC acquired a new position in shares of Energen in the 4th quarter valued at $125,000. Calton & Associates Inc. acquired a new position in shares of Energen in the 4th quarter valued at $185,000. Finally, ZWJ Investment Counsel Inc. acquired a new position in shares of Energen in the 4th quarter valued at $201,000. 93.19% of the stock is currently owned by institutional investors and hedge funds.
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.