Barclays Gives a Hold Rating to Energen Corp

By Jason Carr

In a report released yesterday, Jeffrey Robertson from Barclays maintained a Hold rating on Energen Corp (NYSE: EGN), with a price target of $57. The company’s shares opened today at $51.74.

According to, Robertson is a 4-star analyst with an average return of 3.3% and a 46.4% success rate. Robertson covers the Basic Materials sector, focusing on stocks such as Quicksilver Resources Inc, Whiting Petroleum Corp, and Gulfport Energy Corp.

Energen Corp has an analyst consensus of Moderate Buy, with a price target consensus of $67.

Based on Energen Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $163 million and GAAP net loss of $54.47 million. In comparison, last year the company earned revenue of $123 million and had a GAAP net loss of $203 million.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. Last month, Charles W. Porter, the VP & CFO of EGN sold 6,000 shares for a total of $327,600.

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Energen Corp. is an oil and gas exploration and production company, which engages in drilling and development of assets in the Permian Basin of west Texas. The company was founded in 1978 and is headquartered in Birmingham, AL.