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. The Company is focused on increasing its oil, natural gas liquids and natural gas production and proved reserves through active development and/or exploratory programs in the Permian Basin. As of December 31, 2016, oil, natural gas liquids and natural gas represented approximately 60%, 20% and 20% of its reserves. As of December 31, 2016, its development activities added approximately 327 million barrels of oil equivalent (MMBOE) of reserves from the drilling of 623 gross development, exploratory and service wells and 73 well recompletions and pay-adds.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Oil & Gas Exploration and Production - NEC
- Sub-Industry: Oil & Gas Exploration & Production
- Symbol: NYSE:EGN
- CUSIP: 29265N10
- Web: www.energen.com
- Market Cap: $4.82 billion
- Outstanding Shares: 97,197,000
- 50 Day Moving Avg: $50.04
- 200 Day Moving Avg: $52.44
- 52 Week Range: $46.16 - $64.43
Sales & Book Value:
- Trailing P/E Ratio: 78.42
- Foreward P/E Ratio: 33.49
- P/E Growth: 4.25
- Annual Revenue: $686.19 million
- Price / Sales: 7.02
- Book Value: $32.82 per share
- Price / Book: 1.51
- EBIDTA: $493.74 million
- Net Margins: 7.75%
- Return on Equity: -1.74%
- Return on Assets: -1.19%
- Debt-to-Equity Ratio: 0.21%
- Current Ratio: 0.61%
- Quick Ratio: 0.54%
- Average Volume: 1.75 million shs.
- Beta: 1.93
- Short Ratio: 2.8
Frequently Asked Questions for Energen Corporation (NYSE:EGN)
What is Energen Corporation's stock symbol?
Energen Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "EGN."
How were Energen Corporation's earnings last quarter?
Energen Corporation (NYSE:EGN) announced its earnings results on Tuesday, August, 8th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.06. The business had revenue of $256.82 million for the quarter, compared to analyst estimates of $222.60 million. Energen Corporation had a net margin of 7.75% and a negative return on equity of 1.74%. The company's revenue for the quarter was up 142.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.28) earnings per share. View Energen Corporation's Earnings History.
When will Energen Corporation make its next earnings announcement?
Where is Energen Corporation's stock going? Where will Energen Corporation's stock price be in 2017?
23 brokerages have issued 1-year price objectives for Energen Corporation's stock. Their forecasts range from $46.00 to $83.00. On average, they expect Energen Corporation's stock price to reach $66.30 in the next twelve months. View Analyst Ratings for Energen Corporation.
What are analysts saying about Energen Corporation stock?
Here are some recent quotes from research analysts about Energen Corporation stock:
- 1. According to Zacks Investment Research, "ENERGEN CORP is a diversified energy holding company engaged in natural gas distribution and oil and natural gas exploration and production activities. The Corporation's utility subsidiary, Alabama Gas Corporation, is the largest natural gas distribution utility in the State of Alabama. The Corporation's oil and gas exploration and production activities are conducted by its subsidiary, Taurus Exploration, Inc. and its subsidiary. " (8/2/2017)
- 2. Credit Suisse Group analysts commented, "We reiterate our Outperform rating and raise our TP to $75 (from $70) following investor meetings with Energen management last week in NYC, where we came away incrementally positive on the company’s near-term growth prospects as it prepares to complete ~60 DUC wells in 1H17. EGN is poised for a big uptick on the capital productivity front in 2017, with 98%+ working interest, long-lateral DUCs and the capital program baking in third generation completion costs but second generation production uplift." (11/22/2016)
Who are some of Energen Corporation's key competitors?
Some companies that are related to Energen Corporation include Marathon Oil (MRO), Cimarex Energy Co (XEC), Encana Corporation (ECA), Diamondback Energy (FANG), EQT GP Holdings, LP (EQGP), Parsley Energy (PE), Antero Resources Corporation (AR), Rice Energy (RICE), Newfield Exploration Company (NFX), RSP Permian (RSPP), Range Resources Corporation (RRC), Murphy Oil Corporation (MUR), WPX Energy (WPX), Vermilion Energy (VET), Chesapeake Energy Corporation (CHK), Black Stone Minerals, L.P. (BSM), Texas Pacific Land Trust (TPL) and Transportadora De Gas Sa Ord B (TGS).
Who are Energen Corporation's key executives?
Energen Corporation's management team includes the folowing people:
- James T. McManus II, Chairman of the Board, President, Chief Executive Officer
- Charles W. Porter Jr., Vice President, Chief Financial Officer and Treasurer of the Company and Alabama Gas Corp.
- David A. Godsey, Senior Vice President – Exploration and Geology of Energen Resources
- John S. Richardson, President, Chief Operating Officer of Energen Resources Corporation
- John David Woodruff Jr., Vice President, General Counsel, Secretary of the Company and Alabama Gas Corp.
- Russell E. Lynch Jr., Vice President, Controller
- Lori A. Lancaster, Director
- Kenneth W. Dewey, Independent Director
- Magnus James Gorrie, Independent Director
- Jay F. Grinney, Independent Director
Who owns Energen Corporation stock?
Energen Corporation's stock is owned by many different of institutional and retail investors. Top institutional investors include
CORVEX MANAGEMENT LP
CORVEX MANAGEMENT LP
(9.80%), Boston Partners (9.33%), JPMorgan Chase & Co. (9.32%), BlackRock Inc. (8.80%) and
CORVEX MANAGEMENT LP
(8.80%). Company insiders that own Energen Corporation stock include Alan A Kleier, Charles W Porter, J T Mcmanus, John S Richardson, Magnus James Gorrie and Stephen A Snider. View Institutional Ownership Trends for Energen Corporation.
Who sold Energen Corporation stock? Who is selling Energen Corporation stock?
Energen Corporation's stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Balyasny Asset Management LLC, JPMorgan Chase & Co., Rothschild Asset Management Inc., Nationwide Fund Advisors, Goldman Sachs Group Inc. and Prudential Financial Inc.. Company insiders that have sold Energen Corporation stock in the last year include Charles W Porter, J T Mcmanus and John S Richardson. View Insider Buying and Selling for Energen Corporation.
Who bought Energen Corporation stock? Who is buying Energen Corporation stock?
Energen Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Bank of Montreal Can, Canada Pension Plan Investment Board, BNP Paribas Arbitrage SA, Cibc World Markets Corp, Boston Partners, Bank of Nova Scotia and Caxton Associates LP. Company insiders that have bought Energen Corporation stock in the last two years include Alan A Kleier, Magnus James Gorrie and Stephen A Snider. View Insider Buying and Selling for Energen Corporation.
How do I buy Energen Corporation stock?
Shares of Energen Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Energen Corporation's stock price today?
MarketBeat Community Rating for Energen Corporation (NYSE EGN)MarketBeat's community ratings are surveys of what our community members think about Energen Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Energen Corporation stock can currently be purchased for approximately $49.56.
Consensus Ratings for Energen Corporation (NYSE:EGN) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||8 Hold Ratings, 15 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.65)|
|Consensus Price Target: ||$66.30 (33.78% upside)|
Analysts' Ratings History for Energen Corporation (NYSE:EGN)
(Data available from 8/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/15/2017||Barclays PLC||Set Price Target||Hold||$54.00 -> $57.00||Low|
|8/15/2017||Citigroup Inc.||Lower Price Target||Neutral||$58.00 -> $56.00||Low|
|8/11/2017||Seaport Global Securities||Upgrade||Sell -> Neutral||$38.00 -> $46.00||Low|
|8/10/2017||BMO Capital Markets||Set Price Target||Hold||$60.00||Low|
|8/8/2017||Williams Capital||Set Price Target||Buy||$76.00||Medium|
|7/20/2017||J P Morgan Chase & Co||Downgrade||Overweight -> Neutral||$60.00 -> $53.00||Medium|
|6/15/2017||Wolfe Research||Initiated Coverage||Market Perform||$60.00||High|
|6/2/2017||Royal Bank Of Canada||Set Price Target||Hold||$65.00||Low|
|6/2/2017||Credit Suisse Group||Reiterated Rating||Outperform||$73.00||Low|
|5/26/2017||Stifel Nicolaus||Reiterated Rating||Buy||$81.00||N/A|
|3/7/2017||Deutsche Bank AG||Lower Price Target||Hold||$64.00 -> $62.00||N/A|
|2/24/2017||Argus||Upgrade||Hold -> Buy||N/A|
|2/2/2017||Canaccord Genuity||Reiterated Rating||Buy||$72.00||N/A|
|12/21/2016||Drexel Hamilton||Reiterated Rating||Buy||$71.00||N/A|
|12/13/2016||Iberia Capital||Set Price Target||Buy||$81.00||N/A|
|11/7/2016||KLR Group||Upgrade||Accumulate -> Buy||$69.00 -> $73.00||N/A|
|11/4/2016||Stephens||Upgrade||Equal Weight -> Overweight||N/A|
|9/16/2016||Tudor Pickering||Upgrade||Hold -> Buy||N/A|
|8/22/2016||KeyCorp||Boost Price Target||Overweight||$63.00 -> $66.00||N/A|
|5/19/2016||SunTrust Banks, Inc.||Reiterated Rating||Buy||$50.00 -> $55.00||N/A|
|5/11/2016||Susquehanna Bancshares Inc||Upgrade||Neutral -> Positive||$50.00||N/A|
|5/6/2016||Topeka Capital Markets||Boost Price Target||Buy||$35.00 -> $52.00||N/A|
|2/16/2016||Sterne Agee CRT||Reiterated Rating||Buy||$46.00 -> $36.00||N/A|
|2/16/2016||Johnson Rice||Downgrade||Buy -> Accumulate||N/A|
|1/11/2016||Cowen and Company||Upgrade||Market Perform -> Outperform||$50.00||N/A|
|1/5/2016||Evercore ISI||Downgrade||Buy -> Hold||$65.00 -> $55.00||N/A|
|11/30/2015||Howard Weil||Boost Price Target||Sector Outperform||$68.00 -> $70.00||N/A|
Earnings History for Energen Corporation (NYSE:EGN)Earnings History by Quarter for Energen Corporation (NYSE EGN)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/2/2017|| || || || || || || || |
|8/8/2017||Q2 2017||$0.06||$0.06||$222.60 million||$256.82 million||View||Listen|
|5/4/2017||Q1 2017||($0.12)||($0.13)||$166.69 million||$240.90 million||View||Listen|
|2/9/2017||Q416||($0.23)||($0.27)||$156.01 million||$114.52 million||View||Listen|
|11/3/2016||Q3||($0.26)||($0.22)||$159.82 million||$184.39 million||View||Listen|
|8/8/2016||Q216||($0.37)||($0.28)||$144.31 million||$105.80 million||View||Listen|
|5/5/2016||Q116||($0.66)||($0.64)||$123.80 million||$122.76 million||View||Listen|
|2/11/2016||Q415||$0.38||$0.27||$313.31 million||$192.80 million||View||Listen|
|11/5/2015||Q3||$0.27||$0.36||$276.60 million||$295.57 million||View||Listen|
|8/6/2015||Q2||$0.22||$0.10||$273.68 million||$168.30 million||View||Listen|
|5/6/2015||Q115||$0.07||$0.05||$252.20 million||$189.80 million||View||Listen|
|2/12/2015||Q414||$0.49||$0.56||$358.10 million||$286.70 million||View||Listen|
|10/30/2014||Q314||$0.48||$0.62||$323.12 million||$497.76 million||View||Listen|
|7/30/2014||Q214||$0.52||$0.48||$351.22 million||$355.85 million||View||Listen|
|4/30/2014||Q114||$1.23||$1.05||$567.11 million||$561.18 million||View||Listen|
|10/30/2013||Q313||$0.61||$0.47||$426.10 million||$320.40 million||View||Listen|
|7/31/2013||Q2 2013||$0.62||$0.66||$404.95 million||$490.06 million||View||Listen|
|4/29/2013||Q1 2013||$1.21||$1.14||$520.20 million||$492.68 million||View||Listen|
|1/23/2013||Q4 2012||$0.76||$0.87||$433.04 million||View||Listen|
Earnings Estimates for Energen Corporation (NYSE:EGN)
2017 EPS Consensus Estimate: $0.47
2018 EPS Consensus Estimate: $1.73
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Energen Corporation (NYSE:EGN)
|Most Recent Dividend:||12/1/2015|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||0.00% (Trailing 12 Months of Earnings) |
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
Dividend History by Quarter for Energen Corporation (NYSE EGN)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Energen Corporation (NYSE:EGN)
Insider Ownership Percentage: 1.00%Insider Trades by Quarter for Energen Corporation (NYSE:EGN)
Institutional Ownership Percentage: 97.71%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/23/2017||Alan A Kleier||Director||Buy||1,000||$47.59||$47,590.00|| |
|3/29/2017||Charles W. Porter||VP||Sell||6,000||$54.60||$327,600.00|| |
|3/17/2017||John S. Richardson||Insider||Sell||6,500||$52.20||$339,300.00|| |
|2/15/2017||J T Mcmanus||Chairman||Sell||16,662||$57.10||$951,400.20|| |
|2/15/2017||John S. Richardson||Insider||Sell||3,733||$57.11||$213,191.63|| |
|11/9/2016||J T Mcmanus||Chairman||Sell||11,781||$56.34||$663,741.54|| |
|8/11/2016||J T Mcmanus||Chairman||Sell||10,216||$52.58||$537,157.28|| |
|6/30/2016||J T Mcmanus||CEO||Sell||15,000||$48.05||$720,750.00|| |
|6/24/2016||Magnus James Gorrie||Director||Buy||1,000||$47.26||$47,260.00|| |
|6/22/2016||Alan A Kleier||Director||Buy||500||$48.60||$24,300.00|| |
|2/24/2016||Stephen A. Snider||Director||Buy||4,000||$25.06||$100,240.00|| |
|5/22/2015||Daniel Paul Sparks||SVP||Sell||3,024||$69.53||$210,258.72|| |
|5/21/2015||Russell E Jr. Lynch||VP||Sell||1,548||$69.39||$107,415.72|| |
|3/30/2015||Charles W Porter||CFO||Sell||8,156||$66.05||$538,703.80|| |
|3/9/2015||J David Woodruff Jr||General Counsel||Sell||3,077||$66.77||$205,451.29|| |
|2/19/2015||J T Mcmanus||CEO||Sell||15,000||$69.99||$1,049,850.00|| |
|9/30/2014||Frances Powell Hawes||Director||Buy||340||$72.35||$24,599.00|| |
|9/3/2014||Judy M Merritt||Director||Sell||2,955||$77.98||$230,430.90|| |
|6/20/2014||Charles W Porter||CFO||Sell||16,334||$90.23||$1,473,816.82|| |
|6/19/2014||John S Richardson||Insider||Sell||5,000||$90.07||$450,350.00|| |
|6/18/2014||J David Woodruff Jr||General Counsel||Sell||14,000||$89.69||$1,255,660.00|| |
|5/19/2014||Charles Porter||CFO||Sell||16,037||$86.04||$1,379,823.48|| |
|5/14/2014||Charles Porter||CFO||Sell||12,350||$85.51||$1,056,048.50|| |
|5/12/2014||J Mcmanus||CEO||Sell||32,632||$84.54||$2,758,709.28|| |
|5/12/2014||Russell Jr. Lynch||VP||Sell||9,019||$84.55||$762,556.45|| |
|5/8/2014||D Reynolds||Insider||Sell||28,150||$82.95||$2,335,042.50|| |
|5/7/2014||D Reynolds||Insider||Sell||25,590||$81.40||$2,083,026.00|| |
|5/2/2014||J Mcmanus||CEO||Sell||60,069||$81.81||$4,914,244.89|| |
|9/12/2013||J David Woodruff, Jr.||General Counsel||Sell||2,500||$70.76||$176,900.00|| |
|9/4/2013||J T Mcmanus||CEO||Sell||6,500||$67.73||$440,245.00|| |
|8/2/2013||Gary Youngblood||Insider||Sell||5,000||$65.00||$325,000.00|| |
Headline Trends for Energen Corporation (NYSE:EGN)
Latest Headlines for Energen Corporation (NYSE:EGN)
Energen Corporation (EGN) Chart for Monday, August, 21, 2017