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Energen (NYSE:EGN) target price raised to $70.00, reported today by Wunderlich Securities

Yesterday Energen (NYSE:EGN) traded 2.28% higher at $58.32. The company’s 50-day moving average is $55.85 and its 200-day moving average is $47.31. The last stock close price is up 23.27% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 660,966 shares of the stock were exchanged, down from an average trading volume of 1,166,120

Energen (NYSE:EGN) had its target price raised to $70.00 by Wunderlich Securities in a report released Thursday October 06, 2016. The new target price indicates a possible upside of 0.20% based on the company's last stock close price.

See Chart Below

Energen (NYSE:EGN)

Energen has a 52 week low of $20.76 and a 52 week high of $61.98 The company’s market cap is currently $0.

In addition to Wunderlich Securities reporting its target price, a total of 26 firms have reported on the stock. The consensus target price is $53.81 with 2 firms rating the stock a strong buy, 14 firms rating the stock a buy, 11 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Energen (NYSE:EGN)

Energen Corporation (Energen) 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 in the Permian Basin in west Texas and the San Juan Basin in New Mexico. It 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. All of its reserves are located in the Permian Basin in west Texas, and the San Juan Basin in New Mexico. Its development activities have added over 300 million barrels of oil equivalent of reserves from the drilling of approximately 880 gross development, exploratory and service wells (including over one sidetrack well), and over 150 well recompletions and pay-adds. The Company's operations are conducted through its subsidiary, Energen Resources Corporation (Energen Resources).

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