Wolfe Research began coverage on shares of Energen Corporation (NYSE:EGN) in a research note released on Thursday, MarketBeat.com reports. The firm issued a market perform rating and a $60.00 price objective on the oil and gas producer’s stock.

Several other analysts have also recently issued reports on EGN. Royal Bank Of Canada set a $66.00 price objective on Energen Corporation and gave the company a hold rating in a research note on Thursday, April 20th. Williams Capital reiterated a buy rating and issued a $72.00 price objective on shares of Energen Corporation in a research note on Monday, May 15th. Credit Suisse Group restated an outperform rating and issued a $73.00 price target on shares of Energen Corporation in a research note on Friday, June 2nd. Barclays PLC restated a hold rating and issued a $63.00 price target on shares of Energen Corporation in a research note on Wednesday, May 24th. Finally, Scotiabank restated a buy rating and issued a $64.00 price target on shares of Energen Corporation in a research note on Monday, May 15th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $68.58.

Energen Corporation (NYSE:EGN) opened at 51.85 on Thursday. The firm’s 50-day moving average price is $54.56 and its 200 day moving average price is $54.90. Energen Corporation has a 12-month low of $43.29 and a 12-month high of $64.43. The stock has a market cap of $5.04 billion, a PE ratio of 73.44 and a beta of 1.88.

Energen Corporation (NYSE:EGN) last announced its quarterly earnings data on Thursday, May 4th. The oil and gas producer reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by $0.01. The company had revenue of $240.90 million during the quarter, compared to analyst estimates of $166.69 million. Energen Corporation had a net margin of 10.69% and a negative return on equity of 2.79%. The firm’s revenue was up 87.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.64) earnings per share. Analysts anticipate that Energen Corporation will post $0.61 EPS for the current year.

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In related news, VP Charles W. Porter sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $54.60, for a total value of $327,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its stake in shares of Energen Corporation by 57.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,214,973 shares of the oil and gas producer’s stock worth $66,143,000 after buying an additional 441,125 shares during the last quarter. Janus Capital Management LLC increased its stake in shares of Energen Corporation by 60.5% in the first quarter. Janus Capital Management LLC now owns 56,000 shares of the oil and gas producer’s stock worth $3,049,000 after buying an additional 21,100 shares during the last quarter. Credit Suisse AG increased its stake in shares of Energen Corporation by 2,708.2% in the first quarter. Credit Suisse AG now owns 2,993,073 shares of the oil and gas producer’s stock worth $162,943,000 after buying an additional 2,886,489 shares during the last quarter. Elliott Management Corp purchased a new stake in shares of Energen Corporation during the first quarter worth approximately $46,274,000. Finally, Jane Street Group LLC increased its stake in shares of Energen Corporation by 242.4% in the first quarter. Jane Street Group LLC now owns 7,121 shares of the oil and gas producer’s stock worth $388,000 after buying an additional 12,121 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Energen Corporation Company Profile

Energen Corporation 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. Its operations are conducted through subsidiary, Energen Resources Corporation and occur 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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