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.
Several price targets were given for EGN by the analysts covering the stock. The highest price target was 81, which equates to a potential upside of 49.94 percent. The minimum price target given was 38, implying potential capital losses of -29.66 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -22.5 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 26.67 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -29.92 percent. If we look at the last 90 days instead, we find a net average change of -22.41 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 5 analysts increased their quarterly estimates, while 5 analysts revised their estimates downwards. Also over the last month, 3 analysts increased their estimates for the FY earnings, compared to 7 analysts that revised their FY estimates downwards.
The growth rate of EGN's earnings is estimated by analysts to be -41.16 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. 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. The PEG ratio of EGN is -1.85.
EGN has traded between a high of 64.44 and a low of 44.73 over the past year. Today's price is 20.77 percent above the 52-week low, 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.