Analyst Ratings for Energen Corp. (EGN)Updated: 2017-07-29
Shares of Energen Corp. (NYSE:EGN) have received a consensus rating of Overweight from Wall Street analysts. Last month, EGN received an average rating of Overweight.
A buy rating was issued by 14 analysts, 4 issued an overweight rating, 9 issued a hold rating, 0 gave an underweight rating, and 1 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 2. Over the same time period, there has been an increase of 1 in the number of analysts with a negative outlook on the stock.
Many analysts weighed in on price targets for EGN. The most optimistic analyst gave a price target of 81, implying potential capital gains of 49.94 percent. The minimum price target given was 38, implying potential capital losses of -29.66 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -22.5 percent. The average change in earnings estimates over the last 90 days is 26.67 percent. Meanwhile, fiscal year estimates have been revised downwards by -29.92 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -22.41 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 5 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 5 analysts that decreased their estimates. During this time, 3 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 7 analysts that revised their FY estimates downwards.
EGN has an estimated earnings growth rate of -41.16 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. EGN has a PEG ratio of -1.85.
In the trailing 52-weeks, EGN hit 64.44 at the highest peak, while it's lowest trading point was 44.73. The current market price is above the trailing year's low by 20.77 percent, and 16.17 percent lower than its 52-week high. EGN has a price/earnings ratio of 76.08. Investors typically compare the P/E ratio to a company's peers in the industry. The EGN value stock report compares EGN to some of its peers using value stock charts. The stock has a market capitalization of $5.24 billion. EGN is estimated to release their earnings results for the quarter on 0000-00-00, days from today.