Energen Co. (NYSE:EGN) had its target price trimmed by Citigroup Inc. from $46.00 to $33.00 in a research report released on Thursday, StockTargetPrices.com reports.

Other institutional investors have modified their holdings of the company. Proficio Capital Partners acquired a new position in shares of Energen during the fourth quarter valued at about $0. Candriam Luxembourg S.C.A. increased its position in shares of Energen by 2.9% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 45,711 shares of the company’s stock valued at $1,874,000 after buying an additional 1,300 shares during the last quarter. Commonwealth Equity Services increased its position in shares of Energen by 8.3% in the fourth quarter. Commonwealth Equity Services now owns 19,295 shares of the company’s stock valued at $791,000 after buying an additional 1,474 shares during the last quarter. Fourth Swedish National Pension Fund increased its position in shares of Energen by 20.0% in the fourth quarter. Fourth Swedish National Pension Fund now owns 25,827 shares of the company’s stock valued at $1,059,000 after buying an additional 4,303 shares during the last quarter. Finally, ID Management A acquired a new position in shares of Energen during the fourth quarter valued at about $451,000.

Other research analysts have also issued research reports about the company. KLR Group lowered their price objective on Energen from $84.00 to $81.00 in a report on Thursday, October 15th. BMO Capital Markets lowered their target price on Energen from $75.00 to $65.00 in a report on Wednesday, October 7th. KeyBanc lowered their target price on Energen to $65.00 in a report on Tuesday, December 22nd. Nomura began coverage on Energen in a report on Thursday, December 3rd. They issued a buy rating and a $74.00 target price on the stock. Finally, Deutsche Bank reaffirmed a buy rating and issued a $70.00 target price (down previously from $72.00) on shares of Energen in a report on Wednesday, December 9th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. Energen currently has an average rating of Hold and a consensus target price of $62.33.

Shares of Energen (NYSE:EGN) traded up 10.50% on Thursday, reaching $30.84. The company had a trading volume of 2,230,733 shares. Energen has a 12 month low of $26.23 and a 12 month high of $77.12. The company’s 50-day moving average is $40.16 and its 200 day moving average is $51.62. The firm’s market capitalization is $2.43 billion.

Energen (NYSE:EGN) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.09. The company had revenue of $295.57 million for the quarter, compared to analyst estimates of $276.60 million. The business’s revenue was down 40.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 EPS. Equities analysts forecast that Energen will post $0.92 earnings per share for the current year.

Energen Corporation (NYSE:EGN) is an oil and gas exploration and production company with headquarters in Birmingham, Alabama. The Company has 1.1 billion barrels of oil-equivalent proved, probable, and possible reserves and another 2.2 billion barrels of oil-equivalent contingent resources. These all-domestic reserves and resources are located primarily in the Permian Basin in west Texas. Energen also has operations in the San Juan Basin in northern New Mexico.

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