Energen Corp. (NYSE:EGN) – Equities research analysts at KeyCorp decreased their Q3 2016 earnings per share (EPS) estimates for Energen Corp. in a note issued to investors on Thursday. KeyCorp analyst C. Stevens now anticipates that the firm will post earnings per share of ($0.26) for the quarter, down from their previous forecast of ($0.25). KeyCorp has a “Overweight” rating and a $66.00 price target on the stock. KeyCorp also issued estimates for Energen Corp.’s Q4 2016 earnings at ($0.25) EPS, FY2016 earnings at ($1.39) EPS, Q1 2017 earnings at ($0.09) EPS, Q2 2017 earnings at ($0.04) EPS, Q3 2017 earnings at $0.02 EPS and FY2017 earnings at ($0.05) EPS.
Other equities analysts have also recently issued research reports about the stock. Wunderlich lifted their target price on shares of Energen Corp. from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Stifel Nicolaus lifted their price target on shares of Energen Corp. from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th. Zacks Investment Research upgraded shares of Energen Corp. from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Friday, August 5th. Williams Capital started coverage on shares of Energen Corp. in a report on Monday, August 29th. They set a “buy” rating and a $68.00 price target for the company. Finally, Tudor Pickering upgraded shares of Energen Corp. from a “hold” rating to a “buy” rating in a report on Friday, September 16th. Twelve analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $56.39.
Shares of Energen Corp. (NYSE:EGN) opened at 58.16 on Monday. The firm’s 50-day moving average is $56.14 and its 200-day moving average is $48.01. Energen Corp. has a 12-month low of $20.76 and a 12-month high of $61.98. The firm’s market capitalization is $5.65 billion.
Energen Corp. (NYSE:EGN) last released its earnings results on Monday, August 8th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.37) by $0.09. The company had revenue of $105.80 million for the quarter, compared to analyst estimates of $144.31 million. Energen Corp. had a negative net margin of 136.37% and a negative return on equity of 1.04%. The firm’s quarterly revenue was down 37.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.10 EPS.
A number of hedge funds have recently bought and sold shares of EGN. ClariVest Asset Management LLC bought a new stake in Energen Corp. during the second quarter valued at about $103,000. Creative Planning boosted its stake in Energen Corp. by 875.0% in the second quarter. Creative Planning now owns 3,315 shares of the company’s stock valued at $160,000 after buying an additional 2,975 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV bought a new stake in Energen Corp. during the second quarter valued at about $202,000. Fruth Investment Management acquired a new stake in shares of Energen Corp. during the second quarter worth $212,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Energen Corp. during the second quarter worth $217,000. 93.37% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Chairman J T. Mcmanus sold 10,216 shares of the company’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $52.58, for a total value of $537,157.28. Following the sale, the chairman now directly owns 103,789 shares of the company’s stock, valued at $5,457,225.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.02% of the stock is currently owned by corporate insiders.
Energen Corp. Company Profile