Shares of Energen Corp. (NYSE:EGN) have been given a consensus rating of “Buy” by the thirty ratings firms that are currently covering the firm. Twelve investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $55.36.

A number of analysts have commented on EGN shares. Tudor Pickering raised Energen Corp. from a “hold” rating to a “buy” rating in a report on Friday, September 16th. Zacks Investment Research upgraded Energen Corp. from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Friday, August 5th. KeyCorp raised their price target on Energen Corp. from $63.00 to $66.00 and gave the stock an “overweight” rating in a research note on Monday, August 22nd. Credit Suisse Group AG raised their price target on Energen Corp. from $48.00 to $57.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 21st. Finally, Barclays PLC started coverage on Energen Corp. in a research note on Tuesday, June 21st. They issued an “equal weight” rating and a $50.00 price target on the stock.

In other Energen Corp. news, Chairman J T. Mcmanus sold 10,216 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $52.58, for a total transaction of $537,157.28. Following the sale, the chairman now directly owns 103,789 shares of the company’s stock, valued at $5,457,225.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.02% of the company’s stock.

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Energen Corp. by 23.0% in the first quarter. JPMorgan Chase & Co. now owns 10,866,300 shares of the company’s stock valued at $397,597,000 after buying an additional 2,034,422 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Energen Corp. by 4.3% in the second quarter. Vanguard Group Inc. now owns 7,517,189 shares of the company’s stock valued at $362,405,000 after buying an additional 310,178 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Energen Corp. by 5.1% in the second quarter. BlackRock Fund Advisors now owns 3,533,440 shares of the company’s stock valued at $170,347,000 after buying an additional 171,274 shares during the last quarter. State Street Corp boosted its stake in shares of Energen Corp. by 6.5% in the first quarter. State Street Corp now owns 3,247,954 shares of the company’s stock valued at $118,838,000 after buying an additional 197,696 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of Energen Corp. by 6.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,941,452 shares of the company’s stock valued at $141,807,000 after buying an additional 169,001 shares during the last quarter. 93.37% of the stock is currently owned by institutional investors.

Energen Corp. (NYSE:EGN) opened at 57.02 on Friday. The firm has a 50-day moving average price of $55.72 and a 200-day moving average price of $47.23. Energen Corp. has a 52 week low of $20.76 and a 52 week high of $61.98. The company’s market capitalization is $5.53 billion.

Energen Corp. (NYSE:EGN) last posted its earnings results on Monday, August 8th. The company reported ($0.28) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.37) by $0.09. The business earned $105.80 million during the quarter, compared to analyst estimates of $144.31 million. Energen Corp. had a negative return on equity of 1.04% and a negative net margin of 136.37%. The company’s quarterly revenue was down 37.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 EPS. Analysts anticipate that Energen Corp. will post ($1.38) EPS for the current fiscal year.

About Energen Corp.

Energen Corporation (Energen) 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 in the Permian Basin in west Texas and the San Juan Basin in New Mexico. It is focused on increasing its oil, natural gas liquids and natural gas production and proved reserves through active development and/or exploratory programs in the Permian Basin.

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