Energen Corporation (EGN) Receives Analyst Rating

Energen Corporation (EGN) : Zacks Investment Research ranks Energen Corporation (EGN) as 3, which is a Hold recommendation. 9 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 16 research analysts is 1.75, which indicates as a Buy.

Energen Corporation (EGN) : The consensus price target for Energen Corporation (EGN) is $61 for the short term with a standard deviation of $5.05. The most optimist securities analyst among the 16 who monitor the stock believes that the stock can reach $69, however, the pessimist price target for the company is $50.


Also, Williams Capital Group initiates coverage on Energen Corporation (NYSE:EGN) The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency announces the price target to $68 per share. The rating by the firm was issued on August 29, 2016.

Energen Corporation (NYSE:EGN): After opening at $52.45, the stock dipped to an intraday low of $51.87 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $53.23 and the buying power remained strong till the end. The stock closed at $52.31 for the day, a gain of 0.23% for the day session. The total traded volume was 808,826. The stocks close on the previous trading day was $52.19.

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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