Canaccord Genuity started coverage on shares of Energen Corp. (NYSE:EGN) in a report published on Monday morning. The firm issued a buy rating and a $66.00 price target on the stock.

Several other brokerages also recently commented on EGN. Tudor Pickering raised shares of Energen Corp. from a hold rating to a buy rating in a research report on Friday. Zacks Investment Research raised shares of Energen Corp. from a hold rating to a buy rating and set a $58.00 price objective for the company in a research report on Friday, August 5th. KeyCorp raised their price objective on shares of Energen Corp. from $63.00 to $66.00 and gave the stock an overweight rating in a research report on Monday, August 22nd. Credit Suisse Group AG raised their price objective on shares of Energen Corp. from $48.00 to $57.00 and gave the stock an outperform rating in a research report on Tuesday, June 21st. Finally, Barclays PLC started coverage on shares of Energen Corp. in a research report on Tuesday, June 21st. They set an equal weight rating and a $50.00 price objective for the company. Twelve equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $55.63.

Energen Corp. (NYSE:EGN) opened at 52.68 on Monday. The firm’s market cap is $5.11 billion. Energen Corp. has a 12-month low of $20.76 and a 12-month high of $61.98. The stock has a 50 day moving average of $54.41 and a 200 day moving average of $45.43.

Energen Corp. (NYSE:EGN) last released its quarterly earnings results on Monday, August 8th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.09. Energen Corp. had a negative net margin of 136.37% and a negative return on equity of 1.04%. The firm earned $105.80 million during the quarter, compared to analyst estimates of $144.31 million. During the same quarter last year, the business earned $0.10 EPS. The company’s revenue was down 37.1% compared to the same quarter last year. On average, equities research analysts anticipate that Energen Corp. will post ($1.37) EPS for the current fiscal year.

In related news, Director Magnus James Gorrie purchased 1,000 shares of the firm’s stock in a transaction dated Friday, June 24th. The shares were purchased at an average cost of $47.26 per share, for a total transaction of $47,260.00. Following the completion of the transaction, the director now directly owns 7,900 shares in the company, valued at approximately $373,354. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO J T. Mcmanus sold 15,000 shares of the company’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $48.05, for a total value of $720,750.00. Following the sale, the chief executive officer now owns 103,789 shares in the company, valued at $4,987,061.45. The disclosure for this sale can be found here. Insiders own 1.02% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado boosted its stake in shares of 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 valued at $950,000 after buying an additional 74 shares in the last quarter. Simmons Bank boosted its stake in shares of Energen Corp. by 1.2% in the second quarter. Simmons Bank now owns 6,580 shares of the company’s stock valued at $317,000 after buying an additional 80 shares in the last quarter. Baldwin Investment Management LLC boosted its stake in shares of Energen Corp. by 1.7% in the second quarter. Baldwin Investment Management LLC now owns 6,248 shares of the company’s stock valued at $301,000 after buying an additional 103 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Energen Corp. by 1.8% in the second quarter. Stifel Financial Corp now owns 7,877 shares of the company’s stock valued at $380,000 after buying an additional 142 shares in the last quarter. Finally, IBM Retirement Fund boosted its stake in shares of Energen Corp. by 3.0% in the second quarter. IBM Retirement Fund now owns 9,795 shares of the company’s stock valued at $472,000 after buying an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 93.40% of the company’s stock.

Energen Corp. Company Profile

Energen Corporation (Energen) 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 in the Permian Basin in west Texas and the San Juan Basin in New Mexico. It is focused on increasing its oil, natural gas liquids and natural gas production and proved reserves through active development and/or exploratory programs in the Permian Basin.

5 Day Chart for NYSE:EGN

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