Analyst Rating Update on Energen Corporation (EGN)

Energen Corporation (EGN) : 10 brokerage houses believe that Energen Corporation (EGN) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Energen Corporation (EGN). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 17 Wall Street Analysts endorse the stock as a Buy with a rating of 1.71.

Energen Corporation (EGN) stock is expected to deviate a maximum of $5.73 from the average target price of $56.24 for the short term period. 17 Street Experts have initiated coverage on the stock with the most promising target being $66 and the most muted being $48.

For the current week, the company shares have a recommendation consensus of Buy.


Energen Corporation (NYSE:EGN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.79 and $46.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.49, notching a gain of 4.03% for the day. The total traded volume was 1,326,856 . The stock had closed at $46.61 on the previous day.

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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