Tudor Pickering Upgrades Energen Corporation to Buy

Brokerage firm Tudor Pickering Upgrades its rating on Energen Corporation(NYSE:EGN). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Tudor Pickering was issued on Sep 16, 2016.

In a different note, Williams Capital Group said it Initiates Coverage on Energen Corporation, according to a research note issued on Aug 29, 2016. The shares have been rated ‘Buy’ by the firm. On Aug 22, 2016, KeyBanc said it Maintains its rating on Energen Corporation. In the research note, the firm Raises the price-target to $63.00 per share. The shares have been rated ‘Overweight’ by the firm. On Aug 16, 2016, Barclays said it Maintains its rating on Energen Corporation. In the research note, the firm Raises the price-target to $52.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Aug 11, 2016, Citigroup said it Maintains its rating on Energen Corporation. In the research note, the firm Raises the price-target to $49.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 10, 2016, Deutsche Bank said it Maintains its rating on Energen Corporation. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 18, 2016, Citigroup said it Maintains its rating on Energen Corporation. In the research note, the firm Raises the price-target to $47.00 per share. The shares have been rated ‘Neutral’ by the firm.

Energen Corporation (EGN) made into the market gainers list on Thursdays trading session with the shares advancing 2.35% or 1.27 points. Due to strong positive momentum, the stock ended at $55.35, which is also near the day’s high of $55.98. The stock began the session at $55.08 and the volume stood at 11,74,195 shares. The 52-week high of the shares is $61.98 and the 52 week low is $20.76. The company has a current market capitalization of $5,373 M and it has 9,70,69,937 shares in outstanding.

Energen Corporation(EGN) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $157.21M. Analysts had an estimated revenue of $148.48M. Earnings per share were $-0.28. Analysts had estimated an EPS of $-0.35.

Several Insider Transactions has been reported to the SEC. On Aug 12, 2016, J T Mcmanus (Chairman and CEO) sold 10,216 shares at $52.58 per share price.Also, On Jun 27, 2016, Magnus James Gorrie (director) purchased 1,000 shares at $47.26 per share price.On Jun 23, 2016, Alan A Kleier (director) purchased 500 shares at $48.60 per share price, according to the Form-4 filing with the securities and exchange commission.

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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