Impact of Brokerage Rating on Energen Corporation(EGN)

Many Energen Corporation(EGN) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Energen Corporation was Downgraded by Seaport Global Securities to Neutral on Dec 9, 2016.

Company has reported several Insider transactions to the SEC, on Nov 10, 2016, J T Mcmanus (Chairman and CEO) sold 11,781 shares at 56.04 per share price.On Jun 27, 2016, Magnus James Gorrie (director) purchased 1,000 shares at 47.26 per share price.On Jun 23, 2016, Alan A Kleier (director) purchased 500 shares at 48.60 per share price.

Energen Corporation Last issued its quarterly earnings results on Feb 9, 2017. The company reported $-0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.04. Analyst had a consensus of $-0.23. The company had revenue of $114.50 million for the quarter, compared to analysts expectations of $154.64 million. The companys revenue was down -40.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.27 EPS.

Energen Corporation (NYSE:EGN) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.65 by 17 Brokerage Firm. 11 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 5 Brokerage Firms have advised hold.

Energen Corporation (NYSE:EGN): According to 18 Analysts, The short term target price has been estimated at $ 66.33.The target price could deviate by a maximum of $7.67 from the forecast price. In the near term, the target price could hit a high of $80 and a low of $ 50.

Energen Corporation (NYSE:EGN) rose 1.28% or 0.72 points on Tuesday and made its way into the gainers of the day. After trading began at $56.62 the stock was seen hitting $56.9 as a peak level and $55.56 as the lowest level. The stock ended up at $56.82. The daily volume was measured at 1,052,943 shares. The 52-week high of the share price is $64.435 and the 52-week low is $20.78. The company has a market cap of $5,516 million.

ENERGEN CORP is a diversified energy holding company engaged in natural gas distribution and oil and natural gas exploration and production activities. The Corporations utility subsidiary, Alabama Gas Corporation, is the largest natural gas distribution utility in the State of Alabama. The Corporations oil and gas exploration and production activities are conducted by its subsidiary, Taurus Exploration, Inc. and its subsidiary.


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