Energen Corporation (EGN) is Reiterated by Wunderlich to Buy, Raises Price Target to $ 55

Energen Corporation (EGN) was Reiterated by Wunderlich to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 55 from a previous price target of $53 . Wunderlich advised their investors in a research report released on Jun 21, 2016.

Many Wall Street Analysts have commented on Energen Corporation. Stifel Initiated Energen Corporation on Jun 17, 2016 to “Buy”, Price Target of the shares are set at $55.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.

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 opened for trading at $48.17 and hit $49.23 on the upside on Monday, eventually ending the session at $48.42, with a gain of 2.61% or 1.23 points. The heightened volatility saw the trading volume jump to 12,95,502 shares. Company has a market cap of $4,700 M.

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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