Energen (NYSE:EGN) was downgraded by stock analysts at TheStreet from a “b-” rating to a “c+” rating in a note issued to investors on Thursday.

A number of other analysts have also commented on EGN. Zacks Investment Research lowered shares of Energen from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. US Capital Advisors lowered shares of Energen from an “overweight” rating to a “hold” rating in a report on Monday, October 22nd. ValuEngine lowered shares of Energen from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Williams Capital lowered shares of Energen from a “buy” rating to a “hold” rating and set a $68.00 target price for the company. in a report on Friday, July 20th. Finally, Royal Bank of Canada lifted their target price on shares of Energen to $81.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $78.35.

EGN stock opened at $73.04 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.43 and a quick ratio of 0.50. Energen has a fifty-two week low of $47.81 and a fifty-two week high of $89.83. The company has a market capitalization of $7.24 billion, a P/E ratio of 97.39 and a beta of 1.50.

Energen (NYSE:EGN) last released its earnings results on Tuesday, November 6th. The oil and gas producer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.11. Energen had a net margin of 31.37% and a return on equity of 8.70%. The firm had revenue of $380.88 million during the quarter, compared to analyst estimates of $364.64 million. As a group, sell-side analysts forecast that Energen will post 3.56 EPS for the current fiscal year.

In other news, insider Carl C. Icahn purchased 500,000 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The stock was bought at an average price of $76.63 per share, with a total value of $38,315,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Carl C. Icahn purchased 200,000 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was purchased at an average cost of $71.57 per share, with a total value of $14,314,000.00. The disclosure for this purchase can be found here. 1.00% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. LPL Financial LLC lifted its position in Energen by 26.9% in the 1st quarter. LPL Financial LLC now owns 5,772 shares of the oil and gas producer’s stock valued at $363,000 after acquiring an additional 1,224 shares in the last quarter. Principal Financial Group Inc. lifted its position in Energen by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 423,854 shares of the oil and gas producer’s stock valued at $26,643,000 after acquiring an additional 10,518 shares in the last quarter. Allianz Asset Management GmbH lifted its position in Energen by 7.7% in the 1st quarter. Allianz Asset Management GmbH now owns 180,029 shares of the oil and gas producer’s stock valued at $11,317,000 after acquiring an additional 12,908 shares in the last quarter. Brown Advisory Inc. bought a new stake in Energen in the 1st quarter valued at $219,000. Finally, Fisher Asset Management LLC bought a new stake in Energen in the 2nd quarter valued at $370,000. 92.66% of the stock is owned by institutional investors.

Energen Company Profile

Energen Corporation, through its subsidiary, Energen Resources Corporation, engages in the exploration, development, and production of oil, natural gas liquids, and natural gas. The company has operations 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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Analyst Recommendations for Energen (NYSE:EGN)

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