Energen Corporation (EGN) : Zacks Investment Research ranks Energen Corporation (EGN) as 3, which is a Hold recommendation. 10 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 1.71, which indicates as a Buy.
Energen Corporation (EGN) has been rated by 17 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $66 and the lowest price target forecast is $50. The average forecast of all the analysts is $57.53 and the expected standard deviation is $5.98.
For the current week, the company shares have a recommendation consensus of Buy. Energen Corporation (NYSE:EGN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.28 and $51.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.92, notching a gain of 2.04% for the day. The total traded volume was 1,621,277 . The stock had closed at $51.86 on the previous day.
In a related news,The Director Officer (Chairman And Ceo) of ENERGEN CORP, Mcmanus J T sold 15,000 shares at $48.05 on June 30, 2016. The Insider selling transaction had a total value worth of $720,750. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.