Energen (NYSE:EGN) had its price objective lifted by Royal Bank of Canada to $81.00 in a research report released on Wednesday morning, The Fly reports. The firm currently has a sector perform rating on the oil and gas producer’s stock.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus set a $98.00 target price on shares of Energen and gave the stock a buy rating in a research note on Tuesday, April 24th. Williams Capital reissued a hold rating and set a $87.00 target price on shares of Energen in a research note on Tuesday, August 7th. ValuEngine cut shares of Energen from a buy rating to a hold rating in a research note on Monday, August 13th. Bank of America raised shares of Energen from a neutral rating to a buy rating in a research note on Thursday, May 10th. Finally, Zacks Investment Research cut shares of Energen from a buy rating to a hold rating in a research note on Tuesday, April 24th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $75.53.

Shares of Energen stock opened at $76.72 on Wednesday. The stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of 102.29 and a beta of 1.30. Energen has a fifty-two week low of $47.81 and a fifty-two week high of $78.48. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.57 and a quick ratio of 0.50.

Energen (NYSE:EGN) last issued its quarterly earnings data on Tuesday, August 7th. The oil and gas producer reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $339.65 million during the quarter, compared to the consensus estimate of $336.78 million. Energen had a net margin of 35.43% and a return on equity of 6.83%. sell-side analysts predict that Energen will post 3.36 earnings per share for the current year.

In other Energen news, insider Carl C. Icahn acquired 600 shares of the company’s stock in a transaction that occurred on Monday, July 16th. The stock was bought at an average price of $73.65 per share, with a total value of $44,190.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider David A. Godsey sold 4,800 shares of the company’s stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $70.00, for a total transaction of $336,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 3,726,727 shares of company stock valued at $268,281,858. 1.05% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bray Capital Advisors purchased a new stake in Energen during the 2nd quarter valued at about $124,000. Cerebellum GP LLC purchased a new stake in Energen during the 2nd quarter valued at about $188,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Energen during the 2nd quarter valued at about $196,000. Canandaigua National Bank & Trust Co. purchased a new stake in Energen during the 2nd quarter valued at about $203,000. Finally, Callahan Advisors LLC purchased a new stake in Energen during the 2nd quarter valued at about $204,000. 92.17% of the stock is owned by institutional investors.

About Energen

Energen Corporation, through its subsidiary, Energen Resources Corporation, engages in the exploration, development, and production of oil, natural gas liquids, and natural gas. The company has operations within the Midland Basin, the Delaware Basin, and the Central Basin Platform areas of the Permian Basin in west Texas and New Mexico.

Read More: How to Track your Portfolio in Google Finance

The Fly

Analyst Recommendations for Energen (NYSE:EGN)

Receive News & Ratings for Energen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energen and related companies with MarketBeat.com's FREE daily email newsletter.