Energen Corporation (EGN) is Downgraded by Deutsche Bank to Hold

Energen Corporation (EGN) was Downgraded by Deutsche Bank to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Deutsche Bank advised their investors in a research report released on Apr 13, 2016.

Many Wall Street Analysts have commented on Energen Corporation. Energen Corporation was Downgraded by Deutsche Bank to ” Hold” on Apr 13, 2016. Credit Suisse Initiated Energen Corporation on Apr 1, 2016 to “Outperform”, Price Target of the shares are set at $43.Shares were Reiterated by Wunderlich on Mar 22, 2016 to “Buy” and Lowered the Price Target to $ 43 from a previous price target of $47 .

On the company’s financial health, Energen Corporation reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Feb 11, 2016. Analyst had a consensus of $0.38.Analysts expectations of $ 310.50.During the same quarter in the previous year, the company posted $0.56 EPS.

Energen Corporation closed down -0.11 points or -0.29% at $37.83 with 15,93,466 shares getting traded on Monday. Post opening the session at $38.36, the shares hit an intraday low of $37.78 and an intraday high of $39.33 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Feb 25, 2016, Stephen A Snider (director) purchased 4,000 shares at $25.05 per share price. According to the SEC, 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.

Energen Corporation

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