$0.14 EPS Expected for Energen Corporation (EGN)

October 8, 2017 - By Marguerite Chambers

 $0.14 EPS Expected for Energen Corporation (EGN)
Investors sentiment increased to 1.21 in Q2 2017. Its up 0.12, from 1.09 in 2017Q1. It increased, as 45 investors sold Energen Corporation shares while 73 reduced holdings. 46 funds opened positions while 97 raised stakes. 97.02 million shares or 8.71% more from 89.25 million shares in 2017Q1 were reported.
Envestnet Asset Mngmt reported 0% in Energen Corporation (NYSE:EGN). Barclays Pcl has invested 0.01% in Energen Corporation (NYSE:EGN). Css Llc Il invested in 0.01% or 4,100 shares. Brenham Capital Ltd Partnership invested in 4.67% or 520,000 shares. Cutter And Brokerage holds 0.64% or 32,795 shares in its portfolio. Enterprise Financial Corporation has 24 shares for 0% of their portfolio. Moreover, Pub Employees Retirement Association Of Colorado has 0.01% invested in Energen Corporation (NYSE:EGN) for 19,524 shares. Moreover, Deroy Devereaux Private Investment Counsel has 0.24% invested in Energen Corporation (NYSE:EGN) for 42,850 shares. Meeder Asset Mngmt reported 7,533 shares. Valley National Advisers holds 0% of its portfolio in Energen Corporation (NYSE:EGN) for 100 shares. Us State Bank De holds 0% in Energen Corporation (NYSE:EGN) or 22,919 shares. Fmr Limited Liability Company owns 625,264 shares. Jet Investors L P holds 232,500 shares. Citadel Advisors has invested 0% in Energen Corporation (NYSE:EGN). Victory Mgmt Incorporated accumulated 0.44% or 3.83M shares.

Wall Street await Energen Corporation (NYSE:EGN) to release earnings on November, 2. Analysts forecast earnings per share of $0.14, up exactly $0.36 or 163.64 % from 2014’s $-0.22 EPS. The expected EGN’s profit could reach $13.62M giving the stock 93.82 P/E in the case that $0.14 earnings per share is reported. After posting $0.06 EPS for the previous quarter, Energen Corporation’s analysts now forecast 133.33 % EPS growth. The stock decreased 1.94% or $1.04 on October 6, reaching $52.54. About 954,663 shares traded. Energen Corporation (NYSE:EGN) has risen 35.21% since October 8, 2016 and is uptrending. It has outperformed by 18.51% the S&P500.

Energen Corporation (NYSE:EGN) Ratings Coverage

Among 34 analysts covering Energen Corporation (NYSE:EGN), 23 have Buy rating, 0 Sell and 11 Hold. Therefore 68% are positive. Energen Corporation had 96 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, September 14 the stock rating was maintained by RBC Capital Markets with “Hold”. The firm has “Buy” rating given on Friday, August 7 by Topeka Capital Markets. The firm has “Buy” rating by Topeka Capital Markets given on Friday, November 6. The firm earned “Sell” rating on Wednesday, June 21 by Seaport Global. The stock of Energen Corporation (NYSE:EGN) earned “Neutral” rating by Susquehanna on Tuesday, January 26. The rating was upgraded by Seaport Global to “Buy” on Tuesday, May 10. The firm has “Neutral” rating by JP Morgan given on Wednesday, December 9. The stock of Energen Corporation (NYSE:EGN) has “Hold” rating given on Wednesday, April 13 by Deutsche Bank. The rating was initiated by RBC Capital Markets on Friday, October 30 with “Sector Perform”. The stock of Energen Corporation (NYSE:EGN) has “Buy” rating given on Thursday, March 23 by UBS.

Energen Corporation is an oil and natural gas exploration and production company. The company has market cap of $5.11 billion. The Firm is engaged in the exploration, development and production of oil and natural gas properties and natural gas. It has a 83.43 P/E ratio. The Company’s activities 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.

More news for Energen Corporation (NYSE:EGN) were recently published by: Seekingalpha.com, which released: “Energen (EGN) Q2 2017 Results - Earnings Call Transcript” on August 08, 2017. Seekingalpha.com‘s article titled: “QEP Resources Vs. Energen Corp.” and published on July 11, 2017 is yet another important article.

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