Nomura announced Energen (NYSE:EGN), bumping up its stock price target to $65.00 today
- Updated: October 13, 2016
In a report announced on 10/13/2016 Nomura upped the price target of Energen (NYSE:EGN) from $54.00 to $65.00 reporting a possible upside of 0.12%.
Previously on Thursday October 06, 2016, Wunderlich Securities reported about Energen (NYSE:EGN) raised the target price from $63.00 to $70.00. At the time, this indicated a possible upside of 0.20%.
Yesterday Energen (NYSE:EGN) traded -0.89% lower at $58.24. The company’s 50-day moving average is $56.20 and its 200-day moving average is $48.09. The last stock close price is up 20.04% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 112,165 shares of the stock were exchanged, down from an average trading volume of 1,152,960
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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 Nomura 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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