Energen (NYSE:EGN) has been assigned a $70.00 price target by equities research analysts at KeyCorp in a research note issued to investors on Sunday. The brokerage presently has a “buy” rating on the oil and gas producer’s stock. KeyCorp’s target price points to a potential upside of 21.78% from the stock’s previous close.

A number of other research firms have also recently commented on EGN. Mizuho set a $72.00 price target on Energen and gave the stock a “buy” rating in a report on Tuesday, January 16th. Royal Bank of Canada reiterated a “sector perform” rating and set a $59.00 price target (up previously from $56.00) on shares of Energen in a report on Thursday, November 9th. Wells Fargo & Co assumed coverage on shares of Energen in a research report on Friday, December 1st. They set a “hold” rating for the company. Scotiabank restated a “buy” rating and set a $63.00 price objective on shares of Energen in a research report on Wednesday, November 22nd. Finally, Barclays upgraded shares of Energen from an “equal weight” rating to an “overweight” rating and set a $70.00 price objective for the company in a research report on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $65.18.

Energen (EGN) traded up $0.07 during trading on Friday, reaching $57.48. The company had a trading volume of 2,334,200 shares, compared to its average volume of 859,200. Energen has a fifty-two week low of $46.16 and a fifty-two week high of $60.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.58 and a quick ratio of 0.53. The company has a market capitalization of $5,670.00, a PE ratio of -522.55 and a beta of 1.90.

Energen (NYSE:EGN) last posted its quarterly earnings results on Wednesday, November 8th. The oil and gas producer reported $0.20 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $191.50 million during the quarter, compared to analysts’ expectations of $242.81 million. During the same quarter last year, the company posted ($0.22) earnings per share. Energen’s quarterly revenue was up 3.9% on a year-over-year basis. sell-side analysts anticipate that Energen will post 0.5 earnings per share for the current year.

In other Energen news, Director Lori A. Lancaster purchased 1,000 shares of the company’s stock in a transaction dated Friday, December 22nd. The stock was bought at an average cost of $57.79 per share, for a total transaction of $57,790.00. Following the completion of the transaction, the director now owns 1,000 shares in the company, valued at $57,790. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Corvex Management Lp sold 80,294 shares of Energen stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $57.56, for a total transaction of $4,621,722.64. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Keybank National Association OH raised its position in shares of Energen by 48.2% in the third quarter. Keybank National Association OH now owns 53,727 shares of the oil and gas producer’s stock valued at $2,938,000 after buying an additional 17,464 shares in the last quarter. Comerica Bank increased its stake in Energen by 55.7% in the third quarter. Comerica Bank now owns 127,313 shares of the oil and gas producer’s stock valued at $6,507,000 after acquiring an additional 45,547 shares during the last quarter. BlueCrest Capital Management Ltd increased its stake in Energen by 73.4% in the second quarter. BlueCrest Capital Management Ltd now owns 164,178 shares of the oil and gas producer’s stock valued at $8,105,000 after acquiring an additional 69,519 shares during the last quarter. Cipher Capital LP increased its stake in Energen by 65.8% in the third quarter. Cipher Capital LP now owns 71,121 shares of the oil and gas producer’s stock valued at $3,888,000 after acquiring an additional 28,229 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Energen by 11.1% in the second quarter. Public Employees Retirement System of Ohio now owns 48,901 shares of the oil and gas producer’s stock valued at $2,414,000 after acquiring an additional 4,900 shares during the last quarter. Institutional investors own 96.14% 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.

Analyst Recommendations for Energen (NYSE:EGN)

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