Deutsche Bank Downgrades Energen Corporation to Hold

Brokerage firm Deutsche Bank Downgrades its rating on Energen Corporation(NYSE:EGN). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Deutsche Bank was issued on Apr 13, 2016.

In a different note, Credit Suisse said it Initiates Coverage on Energen Corporation, according to a research note issued on Apr 1, 2016. The shares have been rated ‘Outperform’ by the firm. On Mar 22, 2016, iBERIA Capital Partners said it Maintains its rating on Energen Corporation. In the research note, the firm Raises the price-target to $37.00 per share. The shares have been rated ‘Outperform’ by the firm. On Mar 15, 2016, JP Morgan said it Maintains its rating on Energen Corporation. In the research note, the firm Raises the price-target to $26.00 per share. The shares have been rated ‘Neutral’ by the firm. On Feb 17, 2016, Deutsche Bank said it Maintains its rating on Energen Corporation. In the research note, the firm Lowers the price-target to $43.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 16, 2016, Johnson Rice said it Downgrades its rating on Energen Corporation. The shares have been rated ‘Accumulate’ by the firm. On Feb 16, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Energen Corporation. In the research note, the firm Lowers the price-target to $42.00 per share. The shares have been rated ‘Buy’ by the firm.

Energen Corporation (EGN) shares turned negative on Fridays trading session with the shares closing down -1.25 points or -3.18% at a volume of 11,16,095. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $39. The peak price level was also seen at $39 while the days lowest was $37.85. Finally the shares closed at $38.01. The 52-week high of the shares is $77.12 while the 52-week low is $20.76. According to the latest information available, the market cap of the company is $2,995 M.

Energen Corporation(EGN) last announced its earnings results on Feb 11, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $192.79M. Analysts had an estimated revenue of $294.86M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.37.

Several Insider Transactions has been reported to the SEC. On Feb 25, 2016, Stephen A Snider (director) purchased 4,000 shares at $25.05 per share price.Also, On Sep 8, 2015, Magnus James Gorrie (director) purchased 1,000 shares at $49.54 per share price.On Jun 24, 2015, William G Hargett (director) purchased 500 shares at $68.88 per share price, according to the Form-4 filing with the securities and exchange commission.

Energen Corporation (Energen) is an oil and gas exploration and production company with headquarters in Birmingham Alabama. The Company has 1.1 billion barrels of oil-equivalent proved probable and possible reserves and another 2.2 billion barrels of oil-equivalent contingent resources. These all-domestic reserves and resources are located primarily in the Permian Basin in west Texas. Energen also has operations in the San Juan Basin in northern New Mexico.

Leave a Reply

Energen Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Energen Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.