Energen Corporation (NYSE:EGN) had its price target lowered by Citigroup Inc. from $58.00 to $56.00 in a report published on Tuesday morning. Citigroup Inc. currently has a neutral rating on the oil and gas producer’s stock.

A number of other equities research analysts have also recently issued reports on the company. Seaport Global Securities upgraded Energen Corporation from a sell rating to a neutral rating and upped their price objective for the stock from $38.00 to $46.00 in a research note on Friday, August 11th. BMO Capital Markets set a $60.00 price objective on Energen Corporation and gave the stock a hold rating in a research note on Thursday, August 10th. Williams Capital set a $76.00 price objective on Energen Corporation and gave the stock a buy rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded Energen Corporation from a sell rating to a hold rating in a research note on Wednesday, August 2nd. Finally, ValuEngine upgraded Energen Corporation from a sell rating to a hold rating in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the stock. Energen Corporation has an average rating of Buy and an average price target of $66.23.

Shares of Energen Corporation (NYSE:EGN) traded up 0.37% during trading on Tuesday, reaching $49.36. The company’s stock had a trading volume of 183,302 shares. Energen Corporation has a 52 week low of $46.16 and a 52 week high of $64.43. The company has a market cap of $4.80 billion, a PE ratio of 78.10 and a beta of 1.93. The stock’s 50 day moving average price is $50.02 and its 200 day moving average price is $52.52.

Energen Corporation (NYSE:EGN) last announced its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. Energen Corporation had a negative return on equity of 1.74% and a net margin of 7.75%. The company had revenue of $256.82 million for the quarter, compared to analysts’ expectations of $222.60 million. During the same quarter in the prior year, the business posted ($0.28) EPS. The business’s revenue was up 142.8% compared to the same quarter last year. Equities research analysts predict that Energen Corporation will post $0.42 EPS for the current year.

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In related news, Director Alan A. Kleier bought 1,000 shares of Energen Corporation stock in a transaction dated Friday, June 23rd. The shares were bought at an average cost of $47.59 per share, with a total value of $47,590.00. Following the acquisition, the director now owns 1,500 shares in the company, valued at approximately $71,385. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Flinton Capital Management LLC raised its stake in Energen Corporation by 10.8% in the first quarter. Flinton Capital Management LLC now owns 2,944 shares of the oil and gas producer’s stock valued at $160,000 after buying an additional 288 shares during the period. Creative Planning raised its stake in Energen Corporation by 8.0% in the second quarter. Creative Planning now owns 3,390 shares of the oil and gas producer’s stock valued at $167,000 after buying an additional 250 shares during the period. Greenwood Capital Associates LLC bought a new stake in Energen Corporation during the first quarter valued at about $200,000. Investment Counselors of Maryland LLC raised its stake in Energen Corporation by 22.6% in the first quarter. Investment Counselors of Maryland LLC now owns 3,711 shares of the oil and gas producer’s stock valued at $202,000 after buying an additional 685 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Energen Corporation by 26.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,819 shares of the oil and gas producer’s stock valued at $208,000 after buying an additional 806 shares during the period. 97.71% of the stock is currently owned by institutional investors.

Energen Corporation 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.

Analyst Recommendations for Energen Corporation (NYSE:EGN)

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