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.
A number of analysts gave price targets for EGN. The most optimistic analyst gave a price target of 81, which equates to a potential upside of 49.94 percent. The most pessimistic analyst gave a price target of 38, implying potential capital losses of -29.66 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average 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. On the other hand, earnings estimates for the fiscal year have been revised downwards by -29.92 percent, as compared to a month ago. 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. 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.
EGN has an estimated earnings growth rate of -41.16 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, 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 a 52-week high of 64.44 and a 52-week low of 44.73. The current market price is above the trailing year's low by 20.77 percent, and below the high by 16.17 percent. EGN has a P/E 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 market cap of EGN is $5.24 billion. EGN's next earnings release will be on 0000-00-00, which is days away.