Energen (EGN) Getting Somewhat Favorable Media Coverage, Analysis Shows
Press coverage about Energen (NYSE:EGN) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Energen earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the oil and gas producer an impact score of 48.2696648713351 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
EGN has been the topic of a number of recent analyst reports. Citigroup lifted their price objective on Energen from $56.00 to $57.00 and gave the stock a “neutral” rating in a research note on Friday, October 13th. Jefferies Group initiated coverage on Energen in a research note on Monday, October 9th. They issued a “buy” rating and a $68.00 price objective on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $59.00 price objective (up from $56.00) on shares of Energen in a research note on Thursday, November 9th. Bank of America initiated coverage on Energen in a research note on Monday, October 16th. They issued a “neutral” rating on the stock. Finally, Barclays lifted their price objective on Energen from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. Energen has an average rating of “Hold” and an average price target of $64.81.
Shares of Energen (NYSE:EGN) traded down $0.67 on Tuesday, reaching $57.28. The company had a trading volume of 635,497 shares, compared to its average volume of 767,410. Energen has a 1 year low of $46.16 and a 1 year high of $60.07. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $5,570.00, a price-to-earnings ratio of -520.73, a price-to-earnings-growth ratio of 0.96 and a beta of 1.90.
Energen (NYSE:EGN) last issued its quarterly earnings results on Wednesday, November 8th. The oil and gas producer reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.05. Energen had a negative return on equity of 0.45% and a negative net margin of 1.17%. The firm had revenue of $191.50 million for the quarter, compared to analyst estimates of $242.81 million. During the same period in the previous year, the company posted ($0.22) earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. equities research analysts expect that Energen will post 0.5 earnings per share for the current fiscal year.
In related news, Director Lori A. Lancaster acquired 1,000 shares of the stock in a transaction dated Friday, December 22nd. The shares were bought at an average cost of $57.79 per share, for a total transaction of $57,790.00. Following the purchase, the director now owns 1,000 shares in the company, valued at approximately $57,790. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Corvex Management Lp sold 80,294 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $57.56, for a total value of $4,621,722.64. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
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Energen 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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