Equities analysts forecast that Energen Co. (NYSE:EGN) will report earnings per share (EPS) of $0.81 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Energen’s earnings. The lowest EPS estimate is $0.54 and the highest is $0.96. Energen reported earnings per share of $0.20 during the same quarter last year, which would suggest a positive year-over-year growth rate of 305%. The company is expected to report its next quarterly earnings report on Wednesday, November 14th.
On average, analysts expect that Energen will report full-year earnings of $3.27 per share for the current year, with EPS estimates ranging from $2.57 to $3.76. For the next year, analysts anticipate that the business will report earnings of $5.12 per share, with EPS estimates ranging from $2.99 to $6.35. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Energen.
Energen (NYSE:EGN) last released its quarterly earnings data on Tuesday, August 7th. The oil and gas producer reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. Energen had a net margin of 35.43% and a return on equity of 6.83%. The business had revenue of $339.65 million for the quarter, compared to analyst estimates of $336.78 million.
EGN has been the topic of several recent research reports. Stifel Nicolaus set a $98.00 price objective on shares of Energen and gave the stock a “buy” rating in a research report on Tuesday, April 24th. JPMorgan Chase & Co. decreased their price objective on shares of Energen from $68.00 to $67.00 and set a “sell” rating on the stock in a research report on Tuesday, May 22nd. Morgan Stanley lowered shares of Energen from an “overweight” rating to an “equal weight” rating and set a $76.00 price objective on the stock. in a research report on Thursday, July 12th. They noted that the move was a valuation call. Jefferies Financial Group set a $85.00 price objective on shares of Energen and gave the stock a “buy” rating in a research report on Wednesday, July 18th. Finally, Zacks Investment Research lowered shares of Energen from a “buy” rating to a “hold” rating in a research report on Tuesday, April 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Energen presently has a consensus rating of “Hold” and a consensus price target of $75.53.
In other news, insider Carl C. Icahn bought 375,415 shares of the business’s stock in a transaction that occurred on Tuesday, June 26th. The stock was purchased at an average price of $67.70 per share, with a total value of $25,415,595.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Carl C. Icahn bought 225,706 shares of the business’s stock in a transaction that occurred on Thursday, June 21st. The stock was purchased at an average cost of $63.70 per share, with a total value of $14,377,472.20. The disclosure for this purchase can be found here. Insiders purchased a total of 3,726,727 shares of company stock valued at $268,281,858 in the last three months. 1.05% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of EGN. Bray Capital Advisors acquired a new position in shares of Energen during the 2nd quarter valued at about $124,000. Cerebellum GP LLC acquired a new position in shares of Energen during the 2nd quarter valued at about $188,000. DekaBank Deutsche Girozentrale increased its stake in shares of Energen by 137.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 3,111 shares of the oil and gas producer’s stock valued at $189,000 after acquiring an additional 1,800 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Energen during the 2nd quarter valued at about $196,000. Finally, Montag A & Associates Inc. acquired a new position in shares of Energen during the 1st quarter valued at about $201,000. 92.17% of the stock is owned by institutional investors.
Shares of Energen stock traded up $0.10 on Friday, hitting $76.72. The company’s stock had a trading volume of 2,191,741 shares, compared to its average volume of 1,289,763. Energen has a 52-week low of $47.81 and a 52-week high of $78.48. The company has a quick ratio of 0.50, a current ratio of 0.57 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $7.04 billion, a PE ratio of 102.29 and a beta of 1.30.
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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