Energen (NYSE:EGN) had its price target dropped by equities researchers at Morgan Stanley from $83.00 to $74.00 in a note issued to investors on Tuesday. The brokerage currently has a “hold” rating on the oil and gas producer’s stock. Morgan Stanley’s target price would indicate a potential upside of 5.20% from the company’s current price.

EGN has been the topic of a number of other reports. Zacks Investment Research raised Energen from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a report on Monday, October 1st. ValuEngine lowered Energen from a “buy” rating to a “hold” rating in a report on Friday, September 7th. SunTrust Banks reissued a “buy” rating and set a $113.00 target price on shares of Energen in a report on Thursday, August 16th. TheStreet lowered Energen from a “b-” rating to a “c+” rating in a report on Thursday, November 8th. Finally, Seaport Global Securities lowered Energen from a “buy” rating to a “neutral” rating and set a $73.00 target price on the stock. in a report on Friday, September 7th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $78.32.

NYSE:EGN opened at $70.34 on Tuesday. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 93.79 and a beta of 1.50. Energen has a twelve month low of $47.81 and a twelve month high of $89.83. The company has a current ratio of 0.43, a quick ratio of 0.38 and a debt-to-equity ratio of 0.26.

Energen (NYSE:EGN) last posted its earnings results on Tuesday, November 6th. The oil and gas producer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.11. The business had revenue of $380.88 million for the quarter, compared to analyst estimates of $364.64 million. Energen had a return on equity of 8.70% and a net margin of 31.37%. Research analysts forecast that Energen will post 3.57 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EGN. Third Point LLC bought a new stake in Energen in the 2nd quarter valued at $98,307,000. Alpine Associates Management Inc. bought a new stake in Energen in the 3rd quarter valued at $93,772,000. Capital Research Global Investors bought a new stake in Energen in the 3rd quarter valued at $67,988,000. SG Americas Securities LLC boosted its stake in Energen by 763.0% in the 3rd quarter. SG Americas Securities LLC now owns 497,050 shares of the oil and gas producer’s stock valued at $42,831,000 after purchasing an additional 439,454 shares during the period. Finally, IndexIQ Advisors LLC bought a new stake in Energen in the 3rd quarter valued at $33,109,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

About Energen

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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