Energen Corporation (EGN) is Initiated by Stifel to Buy, Price Target at $55

Energen Corporation (EGN) was Initiated by Stifel to “Buy” and the brokerage firm has set the Price Target at $55. Stifel advised their investors in a research report released on Jun 17, 2016.

Many Wall Street Analysts have commented on Energen Corporation. Energen Corporation was Downgraded by KLR Group to ” Accumulate” on May 26, 2016. Energen Corporation was Upgraded by JP Morgan to ” Overweight” on May 13, 2016. Energen Corporation was Upgraded by Susquehanna to ” Positive” on May 11, 2016.

On the company’s financial health, Energen Corporation reported $-0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.67. The company had revenue of $128.22 million for the quarter, compared to analysts expectations of $123.89 million. The company’s revenue was down -42.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 EPS.

Energen Corporation closed down -0.12 points or -0.26% at $46.1 with 10,31,909 shares getting traded on Wednesday. Post opening the session at $45.79, the shares hit an intraday low of $45.25 and an intraday high of $47.22 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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