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.
Investment analysts gave a few price targets for EGN. The most optimistic price target was 81, implying potential capital gains of 49.94 percent. The minimum price target given was 38, implying a possible loss of -29.66 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -22.5 percent. That number becomes 26.67 percent if we expand the time horizon to include the past 3 months instead of just one. 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.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 5 analysts increased their quarterly estimates, which can be compared to the 5 analysts that decreased their estimates. Also over the last month, 3 analysts increased their estimates for the FY earnings, while 7 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of EGN to grow at a rate of -41.16 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of EGN is -1.85.
In the last 52-weeks, EGN has achieved a high of 64.44 and a 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 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 market cap of EGN is $5.24 billion. EGN's next earnings release will be on 0000-00-00, which is days away.