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EGN $72.12

EGN target price
72.12
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Energen Corporation
Type
Public company
Traded as NYSE: EGN
S&P 400 Component
Industry Petroleum industry
Founded 1979
Headquarters Birmingham, Alabama
Key people
James T. McManus II, CEO
Charles W. Porter, Jr., CFO
Products Petroleum
Natural Gas
Natural Gas Liquids
Production output
24 thousand barrels of oil equivalent (150,000 GJ) per day
Revenue Decrease US$878 million (2015)
Operating income
Decrease -US$945 billion (2015)
Net income
Decrease -US$945 billion (2015)
Total assets Decrease US$4.614 billion (2015)
Total equity Decrease US$2.896 billion (2015)
Number of employees
470 (2015)
Website http://www.energen.com/

Energen Corporation is an oil and gas exploration and production company headquartered in Birmingham, Alabama.

As of December 31, 2015, the company had 355 million barrels of oil equivalent (2.17×10 GJ) of estimated proved reserves, of which 61% was oil and 39% was natural gas and natural gas liquids. Of these reserves, 95% were located in the Permian Basin and 5% were located in the San Juan Basin in northern New Mexico.

Of the company's 2015 production of 24 thousand barrels of oil equivalent (150,000 GJ) per day, 21 thousand barrels of oil equivalent (130,000 GJ) per day was in the Permian Basin and 3 thousand barrels of oil equivalent (18,000 GJ) per day was in the San Juan Basin in northern New Mexico.

The company's properties in the San Juan Basin are classified as being held for sale.

In 2015, an affiliate of Plains All American Pipeline accounted for 33% of the company's revenue.

The company was originally called Alabama Gas Corporation and was spun off from Southern Natural Gas (later, Sonat Inc.) in 1953 as part of an antitrust agreement.

In 1985, the company was renamed as Energen Corporation. Its subsidiaries included its natural gas utility division, Alagasco (Alabama Gas Corporation), which was sold in 2014, and its oil and gas exploration division, Taurus Exploration (now Energen Resources), which is the main asset of the company.

In 2002, a subsidiary of the company acquired properties in the Permian Basin for $120 million in cash and $70 million in stock.

In 2003, a subsidiary of the company acquired 93 billion cubic feet of gas equivalent of proved reserves in the San Juan Basin of New Mexico and southern Colorado for $39 million.

In 2004, a subsidiary of the company acquired San Juan Basin coalbed methane properties from a private company for $273 million.

In 2014, the company sold its natural gas utility business, Alabama Gas Corporation (Alagasco), to Laclede Group for $1.35 billion in cash and the assumption of $250 million in debt.

In 2015, the company sold the majority of its assets in the San Juan Basin for $395 million.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2018 2018-11-06 0.96 -0.27

Ratings

2016-06-22 Reiterated Rating BMO Capital Markets Hold $60.00
2016-06-21 Boost Price Target Credit Suisse Outperform $48.00 to $57.00
2016-06-21 Boost Price Target RBC Capital Sector Perform $43.00 to $48.00
2016-06-21 Boost Price Target Wunderlich Buy $53.00 to $55.00
2016-06-21 Initiated Coverage Barclays Equal Weight $50.00
2016-06-21 Boost Price Target Credit Suisse Group AG Outperform $48.00 to $57.00
2016-06-21 Boost Price Target Royal Bank Of Canada Sector Perform $43.00 to $48.00
2016-06-21 Initiated Coverage Barclays PLC Equal Weight $50.00
2016-06-16 Initiated Coverage Stifel Nicolaus Buy $55.00
2016-06-14 Boost Price Target Deutsche Bank Hold $43.00 to $48.00
2016-06-14 Boost Price Target Deutsche Bank AG Hold $43.00 to $48.00
2016-05-26 Downgrade KLR Group Buy to Accumulate $51.00
2016-05-19 Reiterated Rating SunTrust Buy $50.00 to $55.00
2016-05-19 Reiterated Rating SunTrust Banks Inc. Buy $50.00 to $55.00
2016-05-17 Boost Price Target Citigroup Inc. Neutral $38.00 to $49.00
2016-05-13 Upgrade JPMorgan Chase & Co. Neutral to Overweight $43.00 to $51.00
2016-05-11 Upgrade Susquehanna Neutral to Positive $50.00
2016-05-10 Upgrade Seaport Global Securities Neutral to Buy $36.00 to $50.00
2016-05-09 Boost Price Target Wunderlich Buy $43.00 to $53.00
2016-05-06 Boost Price Target Topeka Capital Markets Buy $35.00 to $52.00
2016-04-13 Downgrade Deutsche Bank Buy to Hold $40.00
2016-04-07 Boost Price Target Citigroup Inc. Neutral $33.00 to $38.00
2016-04-01 Reiterated Rating SunTrust Buy
2016-04-01 Initiated Coverage Credit Suisse Outperform to Outperform $43.00
2016-03-24 Reiterated Rating Deutsche Bank Buy
2016-03-23 Boost Price Target Deutsche Bank $34.00 to $40.00
2016-03-22 Boost Price Target Iberia Capital Outperform $37.00 to $41.00
2016-03-22 Lower Price Target Wunderlich Buy $47.00 to $43.00
2016-03-18 Reiterated Rating RBC Capital Sector Perform $41.00
2016-03-15 Reiterated Rating JPMorgan Chase & Co. Neutral $26.00 to $32.00
2016-02-18 Lower Price Target Topeka Capital Markets Buy $40.00 to $35.00
2016-02-18 Lower Price Target Nomura Buy $55.00 to $43.00
2016-02-18 Lower Price Target Nomura Holdings Inc. Buy $55.00 to $43.00
2016-02-17 Lower Price Target Deutsche Bank $43.00 to $31.00
2016-02-16 Downgrade Johnson Rice Buy to Accumulate
2016-02-16 Lower Price Target Wunderlich Buy $49.00 to $47.00
2016-02-16 Lower Price Target Susquehanna Neutral $33.00 to $25.00
2016-02-16 Lower Price Target BMO Capital Markets Market Perform $55.00 to $30.00
2016-02-16 Lower Price Target SunTrust Buy $42.00 to $30.00
2016-02-16 Reiterated Rating Sterne Agee CRT Buy $46.00 to $36.00
2016-02-13 Lower Price Target Deutsche Bank Buy $43.00 to $31.00
2016-02-12 Lower Price Target Topeka Capital Markets Buy $80.00 to $40.00
2016-02-12 Reiterated Rating Nomura Buy $55.00
2016-02-10 Reiterated Rating Citigroup Inc. Neutral $33.00
2016-02-09 Lower Price Target JPMorgan Chase & Co. $64.00 to $36.00
2016-02-03 Boost Price Target Deutsche Bank $39.00 to $43.00
2016-01-26 Lower Price Target Susquehanna Neutral $40.00 to $33.00
2016-01-25 Downgrade Tudor Pickering Accumulate to Hold
2016-01-21 Lower Price Target Nomura Buy $74.00 to $55.00
2016-01-21 Lower Price Target Deutsche Bank Buy $54.00 to $39.00
2016-01-21 Lower Price Target Citigroup Inc. $46.00 to $33.00
2016-01-19 Lower Price Target KLR Group $81.00 to $66.00
2016-01-11 Upgrade Cowen and Company Market Perform to Outperform $50.00
2016-01-05 Lower Price Target Citigroup Inc. $59.00 to $46.00
2016-01-05 Downgrade Evercore ISI Buy to Hold $65.00 to $55.00
2015-12-30 Initiated Coverage Stephens Equal Weight $50.00
2015-12-22 Lower Price Target KeyBanc $65.00
2015-12-22 Downgrade BMO Capital Markets Outperform to Market Perform $65.00 to $55.00
2015-12-22 Lower Price Target KeyCorp $65.00
2015-12-09 Reiterated Rating Deutsche Bank Buy $72.00 to $70.00
2015-12-09 Initiated Coverage JPMorgan Chase & Co. Neutral $64.00
2015-12-03 Initiated Coverage Nomura Buy $74.00
2015-11-30 Reiterated Rating Scotiabank Sector Outperform $68.00 to $70.00
2015-11-30 Boost Price Target Howard Weil Sector Outperform $68.00 to $70.00
2015-11-06 Boost Price Target Topeka Capital Markets Buy $78.00 to $80.00
2015-10-30 Initiated Coverage RBC Capital Sector Perform $63.00
2015-10-29 Initiated Coverage Susquehanna Neutral
2015-10-15 Lower Price Target KLR Group $84.00 to $81.00
2015-10-15 Lower Price Target Topeka Capital Markets Buy $85.00 to $78.00
2015-10-14 Reiterated Rating Deutsche Bank Buy $67.00 to $72.00
2015-10-09 Lower Price Target Cowen and Company Market Perform $54.00 to $51.00
2015-10-07 Lower Price Target BMO Capital Markets $75.00 to $65.00
2015-09-14 Lower Price Target Citigroup Inc. Neutral $59.00 to $56.00
2015-09-09 Reiterated Rating Deutsche Bank Buy
2015-09-08 Reiterated Rating Cowen and Company Market Perform $60.00 to $54.00
2015-08-26 Lower Price Target KeyBanc Overweight $76.00
2015-08-24 Lower Price Target Citigroup Inc. Neutral $78.00 to $59.00
2015-08-14 Lower Price Target Howard Weil $86.00 to $72.00
2015-08-10 Upgrade Raymond James Market Perform to Outperform $70.00
2015-08-10 Reiterated Rating Deutsche Bank Buy $77.00
2015-08-10 Upgrade Raymond James Financial Inc. Market Perform to Outperform $70.00
2015-08-07 Reiterated Rating Topeka Capital Markets Buy $92.00 to $85.00
2015-07-21 Lower Price Target Global Hunter Securities Neutral $80.00 to $65.00
2015-07-21 Lower Price Target Seaport Global Securities Neutral $80.00 to $65.00
2015-07-14 Reiterated Rating Deutsche Bank Buy $80.00 to $78.00
2015-07-14 Initiated Coverage Cowen and Company Market Perform $59.00
2015-06-26 Upgrade KeyBanc Overweight $84.00
2015-06-24 Lower Price Target SunTrust Buy $91.00 to $85.00
2015-06-22 Initiated Coverage KLR Group Buy $88.00
2015-06-17 Downgrade Citigroup Inc. Buy to Neutral
2015-05-26 Boost Price Target Wunderlich Buy $83.00 to $95.00
2015-05-22 Reiterated Rating Citigroup Inc. Buy $80.00
2015-05-11 Boost Price Target SunTrust Buy $90.00 to $91.00
2015-05-07 Boost Price Target Topeka Capital Markets Buy $88.00 to $92.00
2015-05-06 Lower Price Target Citigroup Inc. Buy $85.00 to $80.00
2015-04-22 Initiated Coverage Iberia Capital Outperform $80.00
2015-04-15 Boost Price Target SunTrust Buy $83.00 to $90.00
2015-03-26 Initiated Coverage Morgan Stanley Equal Weight $66.00
2015-03-19 Reiterated Rating Deutsche Bank Buy $75.00
2015-03-17 Upgrade Global Hunter Securities Reduce to Neutral $63.00 to $65.00
2015-03-17 Upgrade Seaport Global Securities Reduce to Neutral $63.00 to $65.00
2015-02-18 Boost Price Target Howard Weil Sector Outperform $71.00 to $80.00
2015-02-17 Boost Price Target Wunderlich Buy $65.00 to $83.00
2015-02-03 Downgrade Global Hunter Securities Neutral to Reduce
2015-02-03 Downgrade Seaport Global Securities Neutral to Reduce
2015-02-02 Lower Price Target Howard Weil Sector Outperform $75.00 to $71.00
2014-12-02 Downgrade Global Hunter Securities Accumulate to Neutral
2014-12-02 Downgrade Seaport Global Securities Accumulate to Neutral
2014-12-01 Downgrade Maxim Group Buy to Hold $85.00 to $65.00
2014-11-04 Boost Price Target Canaccord Genuity Buy $94.00 to $103.00
2014-10-24 Reiterated Rating Citigroup Inc. Buy $99.00 to $85.00
2014-10-22 Lower Price Target Maxim Group Buy $105.00 to $82.00
2014-10-22 Reiterated Rating Wunderlich Buy $107.00 to $88.00
2014-10-16 Reiterated Rating Topeka Capital Markets Buy $105.00 to $95.00
2014-09-11 Initiated Coverage Deutsche Bank Buy $95.00
2014-08-04 Reiterated Rating Canaccord Genuity Buy $128.00 to $110.00
2014-07-11 Boost Price Target SunTrust $98.00 to $113.00
2014-07-10 Boost Price Target Howard Weil Sector Outperform $100.00 to $104.00
2014-07-02 Boost Price Target Topeka Capital Markets Buy $98.00 to $105.00
2014-07-01 Initiated Coverage Canaccord Genuity Buy $109.00
2014-06-24 Initiated Coverage Johnson Rice Overweight
2014-06-17 Upgrade Global Hunter Securities Neutral to Accumulate $85.00 to $110.00
2014-06-17 Upgrade Seaport Global Securities Neutral to Accumulate $85.00 to $110.00
2014-05-02 Boost Price Target Howard Weil Sector Outperform $96.00 to $100.00
2014-04-08 Boost Price Target Topeka Capital Markets $92.00 to $95.00
2014-04-07 Boost Price Target Maxim Group Sell $94.00 to $98.00
2014-04-07 Boost Price Target Howard Weil Sector Outperform $90.00 to $96.00
2014-04-02 Boost Price Target SunTrust $93.00 to $97.00
2014-03-05 Initiated Coverage Maxim Group Buy $94.00
2014-02-20 Initiated Coverage Global Hunter Securities Neutral $85.00
2013-11-05 Upgrade Evercore ISI Neutral to Strong-Buy $89.00
2013-11-01 Boost Price Target Sterne Agee CRT Buy $88.00 to $98.00
2013-10-23 Boost Price Target Topeka Capital Markets Buy $85.00 to $92.00
2013-10-16 Boost Price Target Susquehanna Positive $95.00 to $102.00
2013-10-15 Reiterated Rating SunTrust Buy $93.00
2013-10-15 Reiterated Rating Sterne Agee CRT Buy $78.00 to $88.00
2013-10-15 Upgrade Barclays Equal Weight to Overweight $71.00 to $95.00
2013-10-04 Boost Price Target SunTrust Buy $84.00 to $93.00
2013-10-04 Boost Price Target Wunderlich Buy $80.00 to $95.00
2013-09-26 Boost Price Target Howard Weil Sector Outperform $89.00
2013-09-20 Initiated Coverage Iberia Capital Outperform
2013-09-16 Reiterated Rating SunTrust Buy $84.00
2013-09-16 Boost Price Target Topeka Capital Markets Buy $78.00 to $85.00
2013-09-12 Reiterated Wunderlich Buy $70 to $80
2013-08-01 Reiterated Howard Weil Sector Outperform $60 to $73
2013-05-23 Reiterated Wunderlich Buy $56 to $65
2012-12-19 Initiated Wunderlich Buy $56
2012-04-02 Upgrade Howard Weil Market Outperform to Focus Stock $67 to $67
2011-06-16 Initiated KeyBanc Capital Mkts Buy $75
2011-04-07 Reiterated Howard Weil Market Outperform $66 to $78
2016-06-22 Reiterated Rating BMO Capital Markets Hold $60.00
2016-06-21 Boost Price Target Credit Suisse Outperform $48.00 to $57.00
2016-06-21 Boost Price Target RBC Capital Sector Perform $43.00 to $48.00
2016-06-21 Boost Price Target Wunderlich Buy $53.00 to $55.00
2016-06-21 Initiated Coverage Barclays Equal Weight $50.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Corvex Management LP 13.27%  (9710474) EGN /
MCMANUS J T Chairman and CEO 0.25%  (184975) EGN / STR /
Richardson John S President of Subsidiary 0.10%  (76259) EGN /
WOODRUFF J DAVID JR General Counsel and Secretary 0.10%  (75332) EGN /
Porter Charles W Vice President, CFO 0.08%  (55935) EGN /
GOODRICH T MICHAEL 0.06%  (47572) EGN / SNV /
YOUNGBLOOD GARY C and Retired Officer 0.06%  (46141) EGN /
SNIDER STEPHEN A 0.05%  (37450) DRC / EGN / THR / TTI / UCO /
Dewey Kenneth W. 0.05%  (34126) EGN /
Godsey David A Subsidiary\'s SVP - Exploration 0.04%  (27237) EGN /
MERRITT JUDY M 0.03%  (21529) EGN /
GRINNEY JAY 0.03%  (19753) EGN / HLS /
Richards Davis E Subsidiary\'s SVP-Operations 0.03%  (18499) EGN /
REYNOLDS D C President of Subsidiary 0.02%  (17111) EGN /
Molen John K VP, Gen Counsel and Secretary 0.02%  (12285) EGN /
Gorrie Magnus James 0.02%  (11370) EGN / PRA /
Hawes Frances Powell 0.01%  (8422) AETI / EGN / EXH /
HARGETT WILLIAM G 0.01%  (7800) EGN /
Kleier Alan A 0.01%  (6301) EGN /
Minor David J Subsidiary\'s SVP - Operations 0.01%  (5977) EGN /
LYNCH RUSSELL E. JR. VP and Controller 0.01%  (4981) EGN /