Energen Corporation (NYSE:EGN) Scheduled to Post Quarterly Earnings on Tuesday
Energen Corporation (NYSE:EGN) is scheduled to announce its earnings results before the market opens on Tuesday, August 8th. Analysts expect the company to announce earnings of $0.06 per share for the quarter.
Energen Corporation (NYSE:EGN) last issued its earnings results on Thursday, May 4th. The oil and gas producer reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.01. The firm had revenue of $240.90 million during the quarter, compared to analysts’ expectations of $166.69 million. Energen Corporation had a net margin of 10.69% and a negative return on equity of 2.79%. Energen Corporation’s quarterly revenue was up 87.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.64) EPS. On average, analysts expect Energen Corporation to post $0.42 EPS for the current fiscal year and $1.42 EPS for the next fiscal year.
Shares of Energen Corporation (NYSE EGN) opened at 49.95 on Monday. The company has a 50-day moving average price of $50.31 and a 200-day moving average price of $52.96. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 70.75 and a beta of 1.93. Energen Corporation has a 12 month low of $46.10 and a 12 month high of $64.43.
In other Energen Corporation news, Director Alan A. Kleier purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The shares were purchased at an average cost of $47.59 per share, for a total transaction of $47,590.00. Following the completion of the purchase, the director now directly owns 1,500 shares in the company, valued at $71,385. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.
Several research analysts have commented on EGN shares. Williams Capital reaffirmed a “buy” rating and set a $72.00 price target on shares of Energen Corporation in a research report on Friday, May 5th. TheStreet raised Energen Corporation from a “d+” rating to a “c-” rating in a research report on Thursday, May 4th. BidaskClub lowered Energen Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 20th. BMO Capital Markets reaffirmed a “hold” rating and set a $70.00 price target on shares of Energen Corporation in a research report on Thursday, June 22nd. Finally, Royal Bank Of Canada set a $65.00 price target on Energen Corporation and gave the stock a “hold” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $66.68.
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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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