Energen Co. (NYSE:EGN) has been given an average rating of “Hold” by the twenty-one brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $82.36.
A number of research firms have recently commented on EGN. Morgan Stanley dropped their price objective on Energen from $83.00 to $74.00 and set a “hold” rating on the stock in a research note on Tuesday, November 20th. TheStreet lowered Energen from a “b-” rating to a “c+” rating in a research note on Thursday, November 8th. ValuEngine lowered Energen from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. US Capital Advisors lowered Energen from an “overweight” rating to a “hold” rating in a research note on Monday, October 22nd. Finally, Zacks Investment Research upgraded Energen from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research note on Monday, October 22nd.
Get Energen alerts:Hedge funds have recently added to or reduced their stakes in the company. Alpine Associates Management Inc. bought a new stake in shares of Energen in the 3rd quarter valued at approximately $93,772,000. Deutsche Bank AG grew its stake in shares of Energen by 25.5% in the 3rd quarter. Deutsche Bank AG now owns 826,832 shares of the oil and gas producer’s stock valued at $71,241,000 after purchasing an additional 168,027 shares during the period. Nordea Investment Management AB grew its stake in shares of Energen by 22.8% in the 3rd quarter. Nordea Investment Management AB now owns 59,611 shares of the oil and gas producer’s stock valued at $5,137,000 after purchasing an additional 11,058 shares during the period. Hsbc Holdings PLC grew its stake in shares of Energen by 311.1% in the 3rd quarter. Hsbc Holdings PLC now owns 297,761 shares of the oil and gas producer’s stock valued at $25,659,000 after purchasing an additional 225,335 shares during the period. Finally, Chevy Chase Trust Holdings Inc. grew its stake in shares of Energen by 52.5% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 4,650 shares of the oil and gas producer’s stock valued at $401,000 after purchasing an additional 1,600 shares during the period. Institutional investors own 86.86% of the company’s stock.
Shares of Energen stock traded up $1.49 during trading on Friday, reaching $72.12. The company’s stock had a trading volume of 3,438,082 shares, compared to its average volume of 1,197,372. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.38 and a current ratio of 0.43. The firm has a market capitalization of $7.03 billion, a PE ratio of 96.16 and a beta of 1.50. Energen has a one year low of $47.81 and a one year high of $89.83.
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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