Energen Corp Receives a Hold from Barclays

By Carrie Williams

Barclays analyst Jeffrey Robertson maintained a Hold rating on Energen Corp (NYSE: EGN) on May 23 and set a price target of $63. The company’s shares closed yesterday at $56.90.

According to TipRanks.com, Robertson is a 4-star analyst with an average return of 3.2% and a 46.8% success rate. Robertson covers the Basic Materials sector, focusing on stocks such as Vanguard Natural Resources LLC, Quicksilver Resources Inc, and Whiting Petroleum Corp.

Energen Corp has an analyst consensus of Moderate Buy, with a price target consensus of $67.67.

Based on Energen Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $176 million and quarterly net profit of $33.4 million. In comparison, last year the company earned revenue of $123 million and had a GAAP net loss of $203 million.

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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.