Energen Corporation (NYSE:EGN) – Investment analysts at US Capital Advisors cut their Q3 2017 EPS estimates for shares of Energen Corporation in a report issued on Tuesday, according to Zacks Investment Research. US Capital Advisors analyst C. Horwitz now anticipates that the oil and gas producer will post earnings of $0.17 per share for the quarter, down from their previous estimate of $0.23. US Capital Advisors also issued estimates for Energen Corporation’s FY2017 earnings at $0.38 EPS, Q1 2018 earnings at $0.42 EPS, Q2 2018 earnings at $0.42 EPS, Q3 2018 earnings at $0.42 EPS, Q4 2018 earnings at $0.42 EPS and FY2018 earnings at $1.68 EPS.
A number of other research analysts have also weighed in on EGN. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $59.00 price objective (up from $56.00) on shares of Energen Corporation in a research note on Thursday. Mizuho reaffirmed a “buy” rating and issued a $69.00 price objective on shares of Energen Corporation in a research note on Friday, September 29th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Energen Corporation in a research note on Monday, October 2nd. Zacks Investment Research lowered shares of Energen Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Stifel Nicolaus set a $80.00 price objective on shares of Energen Corporation and gave the company a “buy” rating in a research note on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company’s stock. Energen Corporation has an average rating of “Hold” and a consensus price target of $65.48.
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Energen Corporation (NYSE EGN) traded up $0.15 during trading hours on Thursday, reaching $56.82. 1,296,700 shares of the company’s stock were exchanged, compared to its average volume of 1,376,520. The company has a quick ratio of 0.54, a current ratio of 0.58 and a debt-to-equity ratio of 0.24. Energen Corporation has a 1-year low of $46.16 and a 1-year high of $64.44.
Energen Corporation (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. The business had revenue of $191.50 million during the quarter, compared to analysts’ expectations of $242.81 million. Energen Corporation had a negative net margin of 1.17% and a negative return on equity of 0.45%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the company posted ($0.22) earnings per share.
A number of large investors have recently modified their holdings of EGN. HighTower Advisors LLC grew its stake in Energen Corporation by 2.3% in the 2nd quarter. HighTower Advisors LLC now owns 5,345 shares of the oil and gas producer’s stock worth $264,000 after buying an additional 119 shares in the last quarter. Utah Retirement Systems grew its stake in Energen Corporation by 1.1% in the 2nd quarter. Utah Retirement Systems now owns 17,822 shares of the oil and gas producer’s stock worth $880,000 after buying an additional 200 shares in the last quarter. Creative Planning grew its stake in Energen Corporation by 8.0% in the 2nd quarter. Creative Planning now owns 3,390 shares of the oil and gas producer’s stock worth $167,000 after buying an additional 250 shares in the last quarter. Comerica Bank grew its stake in Energen Corporation by 0.4% in the 2nd quarter. Comerica Bank now owns 81,766 shares of the oil and gas producer’s stock worth $4,191,000 after buying an additional 338 shares in the last quarter. Finally, Capstone Asset Management Co. grew its stake in Energen Corporation by 4.0% in the 2nd quarter. Capstone Asset Management Co. now owns 8,922 shares of the oil and gas producer’s stock worth $440,000 after buying an additional 340 shares in the last quarter. 99.44% of the stock is owned by institutional investors.
About Energen Corporation
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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