Media coverage about Energen Corporation (NYSE:EGN) has trended somewhat positive on Wednesday, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Energen Corporation earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the oil and gas producer an impact score of 47.0438511359263 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- BRIEF-Energen enters amendment to credit agreement (feeds.reuters.com)
- Energen Corporation (EGN) General Counsel Sells $142,525.00 in Stock (americanbankingnews.com)
- Q4 2017 EPS Estimates for Energen Corporation Lifted by Analyst (EGN) (americanbankingnews.com)
- Brokerages Anticipate Energen Corporation (EGN) Will Post Quarterly Sales of $276.92 Million (americanbankingnews.com)
- Short Interest Falls 23.2% For EGN (thestreet.com)
Shares of Energen Corporation (EGN) opened at $54.21 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.53 and a current ratio of 0.58. Energen Corporation has a 12-month low of $46.16 and a 12-month high of $64.44.
Energen Corporation (NYSE:EGN) last issued its earnings results on Wednesday, November 8th. The oil and gas producer reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. The firm had revenue of $191.50 million during the quarter, compared to the consensus estimate of $242.81 million. Energen Corporation had a negative net margin of 1.17% and a negative return on equity of 0.45%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.22) earnings per share. research analysts predict that Energen Corporation will post 0.41 earnings per share for the current year.
A number of research analysts recently commented on EGN shares. Morgan Stanley upped their price objective on Energen Corporation from $52.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, August 31st. Stifel Nicolaus reiterated a “buy” rating and issued a $79.00 price objective on shares of Energen Corporation in a report on Sunday, September 3rd. J P Morgan Chase & Co cut Energen Corporation from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $60.00 to $53.00 in a report on Thursday, July 20th. Citigroup Inc. upped their price objective on Energen Corporation from $55.00 to $58.00 and gave the company a “neutral” rating in a report on Friday, July 21st. Finally, Zacks Investment Research upgraded Energen Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $65.48.
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In related news, General Counsel J David Woodruff, Jr. sold 2,500 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $57.01, for a total transaction of $142,525.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.
About Energen Corporation
Energen Corporation is an oil and natural gas exploration and production company. The Company is engaged in the exploration, development and production of oil and natural gas properties and natural gas. Its operations are conducted through subsidiary, Energen Resources Corporation and occur within the Midland Basin, the Delaware Basin and the Central Basin Platform areas of the Permian Basin in west Texas and New Mexico.
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