Analyst Rating Update on Energen Corporation (EGN)

Energen Corporation (NYSE:EGN) : Zacks Investment Research ranks Energen Corporation (NYSE:EGN) as 3, which is a Hold recommendation. 10 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 1.71, which indicates as a Buy.

Energen Corporation (NYSE:EGN) : 17 investment research analysts covering Energen Corporation (NYSE:EGN) have an average price target of $54.71 for the near short term. The highest target price given by the Brokerage Firm to the stock is $63 and the lowest target is $48 for the short term. Analysts expect the variance to be within $4.87 of the average price.

For the current week, the company shares have a recommendation consensus of Buy. Also, Barclays initiates coverage on Energen Corporation (NYSE:EGN) In a research note issued to the investors, the brokerage major announces price-target of $50 per share.The shares have been rated Equal-weight. The rating by the firm was issued on June 21, 2016.

Energen Corporation (NYSE:EGN): stock turned positive on Tuesday. Though the stock opened at $45.3, the bulls momentum made the stock top out at $46.27 level for the day. The stock recorded a low of $45.21 and closed the trading day at $46.15, in the green by 5.22%. The total traded volume for the day was 1,170,463. The stock had closed at $43.86 in the previous days trading.

In an insider trading activity, Gorrie Magnus James, director of Energen Corp, executed a transaction worth $47,260 on June 24, 2016. A total of 1,000 shares were purchased at an average price of $47.26. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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.

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