Energen Co. (NYSE:EGN) had its target price raised by Nomura from $54.00 to $65.00 in a research note released on Thursday. They currently have a buy rating on the stock.

A number of other research analysts have also weighed in on EGN. Stifel Nicolaus initiated coverage on shares of Energen in a research note on Thursday, June 16th. They issued a buy rating and a $55.00 target price on the stock. Barclays PLC assumed coverage on shares of Energen in a report on Tuesday, June 21st. They set an equal weight rating and a $50.00 price target for the company. Wunderlich raised their price target on shares of Energen from $53.00 to $55.00 and gave the stock a buy rating in a report on Tuesday, June 21st. Royal Bank Of Canada raised their price target on shares of Energen from $43.00 to $48.00 and gave the stock a sector perform rating in a report on Tuesday, June 21st. Finally, Credit Suisse Group AG raised their price target on shares of Energen from $48.00 to $57.00 and gave the stock an outperform rating in a report on Tuesday, June 21st. Twelve analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Energen currently has an average rating of Buy and an average price target of $57.18.

Analyst Recommendations for Energen (NYSE:EGN)

Shares of Energen (NYSE:EGN) traded down 1.99% during mid-day trading on Thursday, hitting $57.08. The company had a trading volume of 341,810 shares. Energen has a 52-week low of $20.76 and a 52-week high of $61.98. The firm has a 50-day moving average price of $56.26 and a 200 day moving average price of $48.16. The firm’s market capitalization is $5.54 billion.

Energen (NYSE:EGN) last released its earnings results on Monday, August 8th. The company reported ($0.28) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.37) by $0.09. Energen had a negative net margin of 136.37% and a negative return on equity of 1.04%. The business had revenue of $105.80 million for the quarter, compared to analyst estimates of $144.31 million. During the same period last year, the company posted $0.10 EPS. The business’s revenue was down 37.1% on a year-over-year basis. Analysts expect that Energen will post ($1.37) earnings per share for the current year.

In other Energen news, Chairman J T. Mcmanus sold 10,216 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $52.58, for a total transaction of $537,157.28. Following the transaction, the chairman now owns 103,789 shares of the company’s stock, valued at $5,457,225.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.02% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Energen 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 raised its stake in Energen 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 raised its stake in Energen 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. BlackRock Institutional Trust Company N.A. raised its stake in Energen 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. Finally, Victory Capital Management Inc. raised its stake in Energen by 8.8% in the second quarter. Victory Capital Management Inc. now owns 1,731,950 shares of the company’s stock valued at $83,497,000 after buying an additional 139,500 shares during the last quarter. 93.37% of the stock is owned by institutional investors.

About Energen

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.

5 Day Chart for NYSE:EGN

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