Energen Corporation (NYSE:EGN) has been assigned an average rating of “Hold” from the twenty-eight analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $66.45.

A number of research analysts have issued reports on the stock. Seaport Global Securities raised shares of Energen from a “sell” rating to a “neutral” rating and boosted their target price for the company from $38.00 to $46.00 in a research note on Friday, August 11th. Zacks Investment Research raised shares of Energen from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Mizuho reissued a “buy” rating and set a $69.00 target price on shares of Energen in a research note on Friday, September 29th. Stifel Nicolaus set a $80.00 target price on shares of Energen and gave the company a “buy” rating in a research note on Thursday, October 5th. Finally, Williams Capital set a $76.00 target price on shares of Energen and gave the company a “buy” rating in a research note on Tuesday, August 8th.

In other Energen news, General Counsel J David Woodruff, Jr. sold 2,500 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $57.01, for a total transaction of $142,525.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EGN. Creative Planning raised its holdings in shares of Energen by 8.0% in the 2nd quarter. Creative Planning now owns 3,390 shares of the oil and gas producer’s stock worth $167,000 after purchasing an additional 250 shares in the last quarter. Cadence Capital Management LLC bought a new stake in shares of Energen in the 3rd quarter worth approximately $203,000. BB&T Securities LLC bought a new stake in shares of Energen in the 3rd quarter worth approximately $206,000. Boothbay Fund Management LLC bought a new stake in shares of Energen in the 3rd quarter worth approximately $209,000. Finally, Ironwood Investment Counsel LLC bought a new stake in shares of Energen in the 3rd quarter worth approximately $219,000. Institutional investors and hedge funds own 95.93% of the company’s stock.

Energen (NYSE EGN) traded up $0.31 during midday trading on Thursday, hitting $54.76. 542,206 shares of the stock traded hands, compared to its average volume of 1,347,906. Energen has a 1-year low of $46.16 and a 1-year high of $64.44. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 0.24.

Energen (NYSE:EGN) last posted its quarterly earnings results on Wednesday, November 8th. The oil and gas producer reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.05. Energen had a negative net margin of 1.17% and a negative return on equity of 0.45%. The business had revenue of $191.50 million during the quarter, compared to analyst estimates of $242.81 million. During the same period in the previous year, the business posted ($0.22) EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. equities analysts forecast that Energen will post 0.44 EPS for the current year.

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About Energen

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 (NYSE:EGN)

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