Equities research analysts forecast that Energen Co. (NYSE:EGN) will post $294.92 million in sales for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Energen’s earnings, with estimates ranging from $257.70 million to $323.03 million. Energen reported sales of $114.52 million during the same quarter last year, which indicates a positive year-over-year growth rate of 157.5%. The firm is expected to report its next quarterly earnings report on Thursday, February 8th.
According to Zacks, analysts expect that Energen will report full-year sales of $294.92 million for the current financial year, with estimates ranging from $956.76 million to $999.50 million. For the next financial year, analysts expect that the company will report sales of $1.30 billion per share, with estimates ranging from $967.90 million to $1.49 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Energen.
Energen (NYSE:EGN) last released its quarterly earnings results on Wednesday, November 8th. The oil and gas producer reported $0.20 EPS for the quarter, topping the consensus estimate of $0.15 by $0.05. The company had revenue of $191.50 million for the quarter, compared to analyst estimates of $242.81 million. Energen had a negative return on equity of 0.45% and a negative net margin of 1.17%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.22) earnings per share.
Several research firms have commented on EGN. Mizuho reaffirmed a “buy” rating and set a $69.00 price target on shares of Energen in a research report on Friday, September 29th. J P Morgan Chase & Co lowered Energen from a “neutral” rating to an “underweight” rating and set a $57.00 price target on the stock. in a research report on Friday. Stifel Nicolaus set a $80.00 price target on Energen and gave the stock a “buy” rating in a research report on Thursday, October 5th. Imperial Capital began coverage on Energen in a research report on Tuesday, August 22nd. They set an “outperform” rating and a $61.00 price target on the stock. Finally, Credit Suisse Group began coverage on Energen in a research report on Monday, December 11th. They set a “neutral” rating and a $60.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Energen presently has a consensus rating of “Hold” and a consensus target price of $65.09.
In other news, General Counsel J David Woodruff, Jr. sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $57.01, for a total value of $142,525.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP purchased a new stake in shares of Energen in the third quarter valued at approximately $582,000. California Public Employees Retirement System boosted its stake in shares of Energen by 2.1% in the third quarter. California Public Employees Retirement System now owns 144,100 shares of the oil and gas producer’s stock valued at $7,879,000 after buying an additional 2,900 shares in the last quarter. Highbridge Capital Management LLC purchased a new stake in shares of Energen in the third quarter valued at approximately $15,830,000. Alyeska Investment Group L.P. boosted its stake in shares of Energen by 86.9% in the third quarter. Alyeska Investment Group L.P. now owns 396,708 shares of the oil and gas producer’s stock valued at $21,692,000 after buying an additional 184,416 shares in the last quarter. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Energen in the third quarter valued at approximately $209,000. Hedge funds and other institutional investors own 96.11% of the company’s stock.
Energen (NYSE EGN) opened at $52.27 on Friday. Energen has a 12-month low of $46.16 and a 12-month high of $60.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.58 and a quick ratio of 0.53.
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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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