Energen Corporation (NYSE:EGN) has been assigned a $60.00 price target by equities researchers at BMO Capital Markets in a research note issued to investors on Thursday. The firm presently has a “hold” rating on the oil and gas producer’s stock. BMO Capital Markets’ target price would suggest a potential upside of 22.95% from the stock’s previous close.

A number of other analysts have also commented on the company. Stifel Nicolaus reiterated a “buy” rating and set a $80.00 price target on shares of Energen Corporation in a report on Thursday, April 13th. Barclays PLC restated a “hold” rating and issued a $57.00 target price (down from $63.00) on shares of Energen Corporation in a research note on Thursday, April 20th. Royal Bank Of Canada set a $66.00 target price on Energen Corporation and gave the company a “hold” rating in a research note on Thursday, April 20th. Citigroup Inc. restated a “neutral” rating and issued a $62.00 target price (up from $61.00) on shares of Energen Corporation in a research note on Saturday, April 22nd. Finally, Williams Capital reiterated a “buy” rating and set a $72.00 price objective on shares of Energen Corporation in a research note on Friday, May 5th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $66.23.

Energen Corporation (NYSE EGN) opened at 48.80 on Thursday. Energen Corporation has a 12 month low of $46.16 and a 12 month high of $64.44. The company has a 50 day moving average price of $49.89 and a 200 day moving average price of $52.72. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 77.22 and a beta of 1.93.

Energen Corporation (NYSE:EGN) last announced its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.06. Energen Corporation had a negative return on equity of 1.74% and a net margin of 7.75%. The firm had revenue of $256.82 million during the quarter, compared to analysts’ expectations of $222.60 million. During the same quarter last year, the firm posted ($0.28) earnings per share. The company’s revenue for the quarter was up 142.8% compared to the same quarter last year. Analysts anticipate that Energen Corporation will post $0.45 earnings per share for the current fiscal year.

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In related news, Director Alan A. Kleier purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The shares were bought at an average price of $47.59 per share, for a total transaction of $47,590.00. Following the purchase, the director now directly owns 1,500 shares of the company’s stock, valued at approximately $71,385. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Teacher Retirement System of Texas increased its stake in Energen Corporation by 1.4% in the first quarter. Teacher Retirement System of Texas now owns 7,761 shares of the oil and gas producer’s stock valued at $423,000 after buying an additional 110 shares during the last quarter. World Asset Management Inc increased its stake in Energen Corporation by 1.8% in the first quarter. World Asset Management Inc now owns 6,588 shares of the oil and gas producer’s stock valued at $359,000 after buying an additional 114 shares during the last quarter. Utah Retirement Systems increased its stake in Energen Corporation by 1.1% in the second quarter. Utah Retirement Systems now owns 17,822 shares of the oil and gas producer’s stock valued at $880,000 after buying an additional 200 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its stake in Energen Corporation by 0.7% in the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 37,060 shares of the oil and gas producer’s stock valued at $2,018,000 after buying an additional 250 shares during the last quarter. Finally, Creative Planning increased its stake in Energen Corporation by 8.0% in the second quarter. Creative Planning now owns 3,390 shares of the oil and gas producer’s stock valued at $167,000 after buying an additional 250 shares during the last quarter. Institutional investors own 95.64% 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.

Analyst Recommendations for Energen Corporation (NYSE:EGN)

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