Energen Corp. (NYSE:EGN) – Equities research analysts at KeyCorp issued their Q1 2017 earnings estimates for Energen Corp. in a research note issued on Tuesday. KeyCorp analyst C. Stevens expects that the firm will earn ($0.10) per share for the quarter. KeyCorp currently has a “Overweight” rating and a $66.00 price target on the stock. KeyCorp also issued estimates for Energen Corp.’s Q2 2017 earnings at ($0.01) EPS, Q3 2017 earnings at $0.09 EPS, Q4 2017 earnings at $0.17 EPS, Q1 2018 earnings at $0.47 EPS, Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.67 EPS and FY2018 earnings at $2.48 EPS.
A number of other equities analysts also recently issued reports on EGN. Nomura restated a “buy” rating and issued a $65.00 price target on shares of Energen Corp. in a research note on Monday, November 7th. Zacks Investment Research downgraded Energen Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. KLR Group upgraded Energen Corp. from an “accumulate” rating to a “buy” rating and raised their price target for the stock from $69.00 to $73.00 in a research note on Monday, November 7th. RBC Capital Markets restated a “sector perform” rating and issued a $54.00 price target (up from $50.00) on shares of Energen Corp. in a research note on Thursday, August 11th. Finally, Deutsche Bank AG raised their price target on Energen Corp. from $50.00 to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-one have issued a buy rating to the company’s stock. Energen Corp. currently has a consensus rating of “Buy” and an average price target of $58.86.
Energen Corp. (NYSE:EGN) opened at 58.37 on Thursday. The firm has a 50-day moving average price of $55.42 and a 200-day moving average price of $51.46. The company’s market capitalization is $5.67 billion. Energen Corp. has a 52 week low of $20.76 and a 52 week high of $61.38.
Energen Corp. (NYSE:EGN) last announced its earnings results on Thursday, November 3rd. The company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.04. The business had revenue of $184.39 million for the quarter, compared to analyst estimates of $159.82 million. Energen Corp. had a negative return on equity of 2.70% and a negative net margin of 115.17%. The company’s quarterly revenue was down 37.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS.
In related news, Chairman J T. Mcmanus sold 11,781 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $56.34, for a total value of $663,741.54. Following the completion of the sale, the chairman now owns 103,789 shares in the company, valued at $5,847,472.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.02% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Creative Planning raised its stake in shares of Energen Corp. by 1.5% in the third quarter. Creative Planning now owns 3,366 shares of the company’s stock worth $194,000 after buying an additional 51 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in Energen Corp. by 0.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 19,709 shares of the company’s stock worth $950,000 after buying an additional 74 shares in the last quarter. Simmons Bank raised its stake in Energen Corp. by 1.2% in the second quarter. Simmons Bank now owns 6,580 shares of the company’s stock worth $317,000 after buying an additional 80 shares in the last quarter. State Treasurer State of Michigan raised its stake in Energen Corp. by 0.3% in the third quarter. State Treasurer State of Michigan now owns 39,100 shares of the company’s stock worth $2,257,000 after buying an additional 100 shares in the last quarter. Finally, Baldwin Investment Management LLC raised its stake in Energen Corp. by 1.7% in the second quarter. Baldwin Investment Management LLC now owns 6,248 shares of the company’s stock worth $301,000 after buying an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.
About Energen Corp.