Jefferies Group set a $80.00 price target on Energen (NYSE:EGN) in a report published on Monday. The firm currently has a buy rating on the oil and gas producer’s stock. Jefferies Group also issued estimates for Energen’s Q1 2018 earnings at $0.78 EPS, FY2018 earnings at $3.49 EPS, Q1 2019 earnings at $1.13 EPS, Q2 2019 earnings at $1.19 EPS, Q3 2019 earnings at $1.23 EPS, Q4 2019 earnings at $1.27 EPS and FY2019 earnings at $4.81 EPS.
A number of other research analysts have also recently commented on EGN. Barclays upgraded Energen from an equal weight rating to an overweight rating and set a $70.00 price target on the stock in a research note on Monday, November 20th. Scotiabank restated a buy rating and set a $63.00 price target on shares of Energen in a research note on Wednesday, November 22nd. Wells Fargo initiated coverage on Energen in a research note on Friday, December 1st. They set a hold rating on the stock. Credit Suisse Group initiated coverage on Energen in a research note on Monday, December 11th. They set a neutral rating and a $60.00 price target on the stock. Finally, JPMorgan Chase & Co. cut Energen from a neutral rating to an underweight rating and set a $57.00 price target on the stock. in a research note on Friday, December 15th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Energen presently has an average rating of Buy and an average price target of $67.36.
Energen stock opened at $57.85 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.55 and a current ratio of 0.59. Energen has a 52 week low of $46.16 and a 52 week high of $60.07. The company has a market capitalization of $5,401.09, a price-to-earnings ratio of 18.48 and a beta of 1.61.
Energen (NYSE:EGN) last released its quarterly earnings results on Tuesday, February 20th. The oil and gas producer reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.22. Energen had a return on equity of 2.27% and a net margin of 30.12%. The company had revenue of $271.80 million for the quarter, compared to analysts’ expectations of $303.95 million. During the same period in the prior year, the firm earned ($0.27) earnings per share. The firm’s revenue was up 137.3% compared to the same quarter last year. sell-side analysts predict that Energen will post 3.17 EPS for the current fiscal year.
In other Energen news, Director Jonathan Z. Cohen bought 17,500 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were purchased at an average price of $57.36 per share, with a total value of $1,003,800.00. Following the completion of the acquisition, the director now directly owns 17,500 shares of the company’s stock, valued at approximately $1,003,800. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lori A. Lancaster bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was acquired at an average cost of $57.79 per share, for a total transaction of $57,790.00. Following the acquisition, the director now directly owns 1,000 shares of the company’s stock, valued at $57,790. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.
Large investors have recently bought and sold shares of the stock. SeaCrest Wealth Management LLC purchased a new position in Energen in the fourth quarter valued at $109,000. Amundi Pioneer Asset Management Inc. purchased a new position in Energen in the fourth quarter valued at $115,000. Cerebellum GP LLC purchased a new position in Energen in the fourth quarter valued at $125,000. Calton & Associates Inc. purchased a new position in Energen in the fourth quarter valued at $185,000. Finally, ZWJ Investment Counsel Inc. purchased a new position in shares of Energen during the fourth quarter worth about $201,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: This report was posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.thelincolnianonline.com/2018/03/22/jefferies-group-analysts-give-energen-egn-a-80-00-price-target.html.
Energen Company Profile
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.
Receive News & Ratings for Energen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energen and related companies with MarketBeat.com's FREE daily email newsletter.