Energen Corporation (EGN) Shares are Up 8.97%

Energen Corporation (EGN) has been under a strong bear grip, hence the stock is down -2.4% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 8.79% in the past 1 week. The stock has risen by 8.97% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.93% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 4.82% and the 50-Day Moving Average is 8.5%.The 200 Day SMA reached 36.04%

Energen

Energen Corporation (NYSE:EGN): After opening at $57.12, the stock dipped to an intraday low of $56.37 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $58.14 and the buying power remained strong till the end. The stock closed at $57.72 for the day, a gain of 1.91% for the day session. The total traded volume was 760,255. The stocks close on the previous trading day was $57.72.

Energen Corporation (EGN) : 17 Wall Street analysts covering Energen Corporation (EGN) believe that the average level the stock could reach for the short term is $61.29. The maximum price target given is $69 and the minimum target for short term is around $50, hence the standard deviation is calculated at $5.03.

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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