Energen (NYSE:EGN) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, November 6th. Analysts expect the company to announce earnings of $0.85 per share for the quarter.
Energen (NYSE:EGN) last issued its quarterly earnings data on Tuesday, August 7th. The oil and gas producer reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The firm had revenue of $339.65 million during the quarter, compared to the consensus estimate of $336.78 million. Energen had a return on equity of 6.83% and a net margin of 35.43%. On average, analysts expect Energen to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of NYSE:EGN opened at $73.47 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.57 and a quick ratio of 0.50. The stock has a market cap of $7.16 billion, a P/E ratio of 97.96 and a beta of 1.50. Energen has a 12-month low of $47.81 and a 12-month high of $89.83.
EGN has been the subject of a number of recent analyst reports. US Capital Advisors downgraded Energen from an “overweight” rating to a “hold” rating in a research report on Monday, October 22nd. Zacks Investment Research raised Energen from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research report on Monday, October 22nd. Jefferies Financial Group set a $85.00 target price on Energen and gave the company a “buy” rating in a research report on Wednesday, July 18th. ValuEngine downgraded Energen from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Johnson Rice downgraded Energen from an “accumulate” rating to a “hold” rating in a research report on Wednesday, August 15th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $78.35.
In related news, insider Carl C. Icahn acquired 100,000 shares of the firm’s stock in a transaction dated Friday, August 10th. The stock was acquired at an average price of $72.34 per share, for a total transaction of $7,234,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Carl C. Icahn acquired 200,000 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was bought at an average price of $71.57 per share, with a total value of $14,314,000.00. The disclosure for this purchase can be found here. Insiders bought a total of 1,353,577 shares of company stock valued at $99,371,790 in the last quarter. Company insiders own 1.05% of the company’s stock.
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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