Analyst Price Target Update on Energen Corporation (NYSE:EGN)

Energen Corporation (NYSE:EGN): 15 Analyst have given the stock of Energen Corporation (NYSE:EGN) a near short term price target of $51.07. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $7.29. The higher price target estimate is at $60 while the lower price estimates are fixed at $34.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, KLR Group, downgrades their rating on the shares of Energen Corporation (NYSE:EGN). KLR Group has a Accumulate rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 26, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, Snider Stephen A, director of Energen Corp, executed a transaction worth $100,200 on February 23, 2016. A total of 4,000 shares were purchased at an average price of $25.05. 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 (NYSE:EGN) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.99 points or 2.14% at $45.29 with 1,051,559 shares getting traded. Post opening the session at $45.73, the shares hit an intraday low of $45.19 and an intraday high of $46.87 and the price was in this range throughout the day. The company has a market cap of $4,396 million and the number of outstanding shares have been calculated to be 97,069,395 shares. The 52-week high of Energen Corporation (NYSE:EGN) is $74.5625 and the 52-week low is $20.76.

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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