Energen Corporation (NYSE:EGN) – Equities researchers at US Capital Advisors issued their Q1 2019 EPS estimates for shares of Energen Corporation in a research note issued on Monday. US Capital Advisors analyst C. Horwitz forecasts that the oil and gas producer will earn $0.68 per share for the quarter. US Capital Advisors also issued estimates for Energen Corporation’s Q2 2019 earnings at $0.64 EPS, Q3 2019 earnings at $0.64 EPS and FY2019 earnings at $2.60 EPS.
Energen Corporation (NYSE:EGN) last announced its quarterly earnings results on Wednesday, November 8th. The oil and gas producer reported $0.20 EPS for the quarter, beating the consensus estimate of $0.15 by $0.05. Energen Corporation had a negative return on equity of 0.45% and a negative net margin of 1.17%. The company had revenue of $191.50 million for the quarter, compared to the consensus estimate of $242.81 million. During the same quarter last year, the company posted ($0.22) earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year.
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Several other brokerages also recently issued reports on EGN. Royal Bank Of Canada restated a “sector perform” rating and issued a $59.00 price objective (up previously from $56.00) on shares of Energen Corporation in a research note on Thursday, November 9th. Scotiabank restated a “buy” rating and issued a $63.00 price objective on shares of Energen Corporation in a research note on Wednesday. Barclays PLC upgraded shares of Energen Corporation from an “equal weight” rating to an “overweight” rating and set a $70.00 price objective on the stock in a research note on Monday. SunTrust Banks, Inc. restated a “buy” rating and issued a $70.00 price objective on shares of Energen Corporation in a research note on Monday, October 2nd. Finally, Mizuho restated a “buy” rating and issued a $69.00 price objective on shares of Energen Corporation in a research note on Friday, September 29th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $66.17.
Shares of Energen Corporation (NYSE EGN) traded up $0.73 during trading on Wednesday, hitting $55.96. 619,505 shares of the stock traded hands, compared to its average volume of 1,359,215. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.53 and a current ratio of 0.58. Energen Corporation has a twelve month low of $46.16 and a twelve month high of $64.44.
In other Energen Corporation news, General Counsel J David Woodruff, Jr. sold 2,500 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $57.01, for a total value of $142,525.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in EGN. Dimensional Fund Advisors LP grew its holdings in shares of Energen Corporation by 12.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 478,306 shares of the oil and gas producer’s stock worth $26,037,000 after purchasing an additional 53,273 shares in the last quarter. Capstone Asset Management Co. lifted its position in shares of Energen Corporation by 4.0% during 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 during the last quarter. Creative Planning lifted its position in shares of Energen Corporation by 8.0% during 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 during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Energen Corporation by 4.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 35,798 shares of the oil and gas producer’s stock worth $1,767,000 after buying an additional 1,523 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its position in shares of Energen Corporation by 20.3% during the 2nd quarter. LS Investment Advisors LLC now owns 7,760 shares of the oil and gas producer’s stock worth $383,000 after buying an additional 1,310 shares during the last quarter. 97.21% of the stock is currently 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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