Shares of Energen Co. (NYSE:EGN) have been given an average rating of “Hold” by the twenty-eight brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $78.35.

Several equities analysts recently weighed in on the company. TheStreet lowered Energen from a “b-” rating to a “c+” rating in a research note on Thursday, November 8th. ValuEngine lowered Energen from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. US Capital Advisors lowered Energen from an “overweight” rating to a “hold” rating in a research note on Monday, October 22nd. Zacks Investment Research upgraded Energen from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research note on Monday, October 22nd. Finally, Morgan Stanley restated a “hold” rating and issued a $83.00 price target (down previously from $86.00) on shares of Energen in a research note on Friday, October 12th.

Shares of NYSE EGN traded down $0.19 during trading on Thursday, reaching $70.46. 6,090 shares of the company traded hands, compared to its average volume of 1,060,973. The firm has a market capitalization of $7.12 billion, a P/E ratio of 93.72 and a beta of 1.50. Energen has a 12-month low of $47.81 and a 12-month high of $89.83. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.38 and a current ratio of 0.43.

Energen (NYSE:EGN) last released its quarterly earnings data on Tuesday, November 6th. The oil and gas producer reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.11. Energen had a return on equity of 8.70% and a net margin of 31.37%. The business had revenue of $380.88 million during the quarter, compared to analyst estimates of $364.64 million. As a group, analysts forecast that Energen will post 3.58 earnings per share for the current year.

In other news, insider Carl C. Icahn acquired 500,000 shares of the business’s stock in a transaction on Wednesday, August 15th. The stock was bought at an average cost of $76.63 per share, for a total transaction of $38,315,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Russell E. Jr. Lynch sold 2,233 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $77.80, for a total value of $173,727.40. The disclosure for this sale can be found here. 1.05% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. Precocity Capital LP acquired a new position in shares of Energen during the 2nd quarter worth approximately $7,282,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of Energen by 6.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 503,763 shares of the oil and gas producer’s stock worth $36,685,000 after purchasing an additional 28,575 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Energen by 6.3% during the 2nd quarter. Van ECK Associates Corp now owns 15,812 shares of the oil and gas producer’s stock worth $1,151,000 after purchasing an additional 934 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Energen by 53.3% during the 2nd quarter. Voya Investment Management LLC now owns 39,345 shares of the oil and gas producer’s stock worth $2,865,000 after purchasing an additional 13,676 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Energen by 2.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 38,635 shares of the oil and gas producer’s stock worth $2,814,000 after purchasing an additional 1,061 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.

Energen Company Profile

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.

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Analyst Recommendations for Energen (NYSE:EGN)

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