UBS Upgrades Energen Corporation to Buy

Brokerage firm UBS Upgrades its rating on Energen Corporation(EGN). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at UBS was issued on Mar 23, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 24, 2017, Argus Research said it Upgrades its rating on Energen Corporation. The shares have been rated ‘Buy’ by the firm.

Energen Corporation (EGN) shares turned negative on Fridays trading session with the shares closing down -0.58 points or -1.11% at a volume of 9,51,011. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $52.62. The peak price level was also seen at $52.62 while the days lowest was $51.295. Finally the shares closed at $51.51. The 52-week high of the shares is $64.435 while the 52-week low is $31.73. According to the latest information available, the market cap of the company is $5,006 M.

Energen Corporation(EGN) last announced its earnings results on Feb 9, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $114.478M. Analysts had an estimated revenue of $156.090M. Earnings per share were $-0.27. Analysts had estimated an EPS of $-0.22.

Several Insider Transactions has been reported to the SEC. On Mar 17, 2017, John S Richardson (President of Subsidiary) sold 6,500 shares at $52.20 per share price.Also, On Feb 16, 2017, J T Mcmanus (Chairman and CEO) sold 16,662 shares at $57.10 per share price.On Jun 27, 2016, Magnus James Gorrie (director) purchased 1,000 shares at $47.26 per share price, according to the Form-4 filing with the securities and exchange commission.

Energen Corporation (Energen) is an oil and gas exploration and production company with headquarters in Birmingham Alabama. The Company has 1.1 billion barrels of oil-equivalent proved probable and possible reserves and another 2.2 billion barrels of oil-equivalent contingent resources. These all-domestic reserves and resources are located primarily in the Permian Basin in west Texas. Energen also has operations in the San Juan Basin in northern New Mexico.

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