$0.75 EPS Expected for Energen Corporation (EGN)

July 14, 2018 - By Elizabeth Bryant

Energen Corporation (NYSE:EGN) LogoInvestors sentiment increased to 1.24 in 2018 Q1. Its up 0.28, from 0.96 in 2017Q4. It is positive, as 25 investors sold Energen Corporation shares while 87 reduced holdings. 60 funds opened positions while 79 raised stakes. 84.42 million shares or 2.30% less from 86.41 million shares in 2017Q4 were reported.
Principal Fin Group has invested 0.03% in Energen Corporation (NYSE:EGN). The Ontario – Canada-based Bancorp Of Montreal Can has invested 0% in Energen Corporation (NYSE:EGN). 62,753 were accumulated by Prudential Incorporated. Florida-based State Board Of Administration Of Florida Retirement has invested 0.02% in Energen Corporation (NYSE:EGN). Mason Street Advsrs Ltd Llc invested 0.07% of its portfolio in Energen Corporation (NYSE:EGN). Hsbc Plc holds 0% in Energen Corporation (NYSE:EGN) or 10,396 shares. Smithfield Tru stated it has 0% in Energen Corporation (NYSE:EGN). 1492 Ltd Liability has invested 0.17% in Energen Corporation (NYSE:EGN). Virginia Retirement System Et Al, Virginia-based fund reported 32,900 shares. Freestone Cap Liability owns 4,547 shares for 0.02% of their portfolio. The New Mexico-based New Mexico Educational Retirement Board has invested 0.06% in Energen Corporation (NYSE:EGN). Amalgamated Comml Bank stated it has 18,662 shares. Hanson Mcclain Inc owns 300 shares. Etrade Capital Mgmt Limited Liability holds 4,688 shares. Liberty Mutual Group Inc Inc Asset Mngmt Inc holds 0.04% or 19,143 shares in its portfolio.

Since March 9, 2018, it had 5 insider purchases, and 3 sales for $177.87 million activity. Godsey David A had sold 4,800 shares worth $336,000. COHEN JONATHAN Z bought $1.00 million worth of stock. MCMANUS J T also sold $180,907 worth of Energen Corporation (NYSE:EGN) on Monday, March 26.

Analysts expect Energen Corporation (NYSE:EGN) to report $0.75 EPS on August, 14.They anticipate $0.69 EPS change or 1,150.00 % from last quarter’s $0.06 EPS. EGN’s profit would be $73.08M giving it 24.82 P/E if the $0.75 EPS is correct. After having $0.81 EPS previously, Energen Corporation’s analysts see -7.41 % EPS growth. The stock decreased 0.23% or $0.17 during the last trading session, reaching $74.46. About 689,844 shares traded. Energen Corporation (NYSE:EGN) has risen 18.98% since July 14, 2017 and is uptrending. It has outperformed by 6.41% the S&P500.

Energen Corporation (NYSE:EGN) Ratings Coverage

Among 16 analysts covering Energen Corp (NYSE:EGN), 11 have Buy rating, 1 Sell and 4 Hold. Therefore 69% are positive. Energen Corp had 29 analyst reports since January 16, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, March 28 by Stifel Nicolaus. On Monday, February 26 the stock rating was maintained by BMO Capital Markets with “Hold”. The stock has “Buy” rating by SunTrust on Monday, April 16. The firm has “Hold” rating given on Friday, April 13 by RBC Capital Markets. The firm has “Overweight” rating given on Thursday, May 24 by Morgan Stanley. The firm has “Buy” rating by Susquehanna given on Thursday, April 19. The rating was maintained by Mizuho with “Buy” on Tuesday, January 16. The rating was maintained by Stephens with “Buy” on Tuesday, March 13. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, February 7 report. The stock of Energen Corporation (NYSE:EGN) has “Buy” rating given on Sunday, January 21 by KeyBanc Capital Markets.

Energen Corporation, through its subsidiary, Energen Resources Corporation, engages in the exploration, development, and production of oil, natural gas liquids, and natural gas. The company has market cap of $7.26 billion. It has activities within the Midland Basin, the Delaware Basin, and the Central Basin Platform areas of the Permian Basin in west Texas and New Mexico. It has a 18.52 P/E ratio.

More recent Energen Corporation (NYSE:EGN) news were published by: Seekingalpha.com which released: “Energen: Greater Than 35% Upside” on July 05, 2018. Also Benzinga.com published the news titled: “Benzinga’s Top Upgrades, Downgrades For July 12, 2018” on July 12, 2018. Benzinga.com‘s news article titled: “Insider Buys Of The Week: AbbVie, Energen, NuStar And More” with publication date: July 02, 2018 was also an interesting one.

Energen Corporation (NYSE:EGN) Institutional Positions Chart

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