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Energen Corporation (NYSE:EGN) has been downgraded to Sell in a statement by Seaport Global Securities earlier today.

Having a price of $49.35, Energen Corporation (NYSE:EGN) traded 0.69% higher on the day. With the last close down 1.17% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the same period. Energen Corporation has recorded a 50-day average of $50.61 and a two hundred day average of $52.04. Volume of trade was down over the average, with 1,289,523 shares of EGN changing hands under the typical 1,618,760

Seaport Global Securities has downgraded Energen Corporation (NYSE:EGN) to Sell in a statement released on 6/21/2017.

Performance Chart

Energen Corporation (NYSE:EGN)

With a total market value of $0, Energen Corporation has price-earnings ratio of 83.31 with a one year low of $46.16 and a one year high of $64.44 .

A total of 26 analysts have released a report on Energen Corporation. Two analysts rating the company a strong buy, fourteen analysts rating the company a buy, eleven analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $53.81.

About Energen Corporation (NYSE:EGN)

Energen Corporation is an oil and natural gas exploration and production company. The Company is engaged in the exploration, development and production of oil and natural gas properties and natural gas. Its operations are conducted through subsidiary, Energen Resources Corporation and occur within the Midland Basin, the Delaware Basin and the Central Basin Platform areas of the Permian Basin in west Texas and New Mexico. The Company is focused on increasing its oil, natural gas liquids and natural gas production and proved reserves through active development and/or exploratory programs in the Permian Basin. As of December 31, 2016, oil, natural gas liquids and natural gas represented approximately 60%, 20% and 20% of its reserves. As of December 31, 2016, its development activities added approximately 327 million barrels of oil equivalent (MMBOE) of reserves from the drilling of 623 gross development, exploratory and service wells and 73 well recompletions and pay-adds.

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