Energen stock: buy or sell?

EGN stock price: $72.12 2.11% At close on November 29th, 2018

Updated on:
November 29th, 2018

2

Energen shares jumped 2.11% to $72.12 on November.

Energen Corporation, through its subsidiary, Energen Resources Corporation, engages in the exploration, development, and production of oil, natural gas liquids, and natural gas.

Should I buy Energen stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to choose your own trading plan that fits your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with Energen stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean EGN will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Energen stock a buy?

Banks and financial institutions publish stock ratings everyday. Unfortunately, we couldn't find any rating for EGN stock for the last 30 days.

Energen stock analysis

Daily outlook

Shares of Energen jumped an excellent 2.11% and closed at $72.12.

Energen jumped an excellent 2.11% and closed at $72.12. Since price and SMA100d lines crossed down on October, EGN fell $-4.24 per share (-5.55%). On October, EGN hit a new all time high, pushing higher than on October tops. Check different trading setups that use ATHs as triggers.

EGN stock chart (daily)

Weekly outlook

After sliding a scary -8.94% in a week by mid November 2018, Energen closed this week at $72.12 and skyrocketed an extraordinary 6.89%.

Not so far away is the last all-time high Energen marked early October, but since then it dropped a 19.72%. Since late November 2018 when EGN stock price broke up the SMA40w line, it gained $4.65 (6.89%).

EGN stock chart (weekly)

Energen stock price history

Energen IPO was on January 4th, 2018 at $58.81 per share1. Since then, EGN stock surged a 22.60%, with a yearly average of 22.60%. If you had invested $1,000 in Energen stock in 2018, it would worth $226.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Energen stock historical price chart

EGN stock reached all-time highs on October with a price of $89.83.

Energen stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' EGN stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we have not detected any price forecast for Energen stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

On November, Energen reported its latest financial data, posting a pretty good gain for the Earnings per Share (EPS) ratio. Experts expected $0.85 per share, but Energen posted $0.96. Energen is reporting earnings for 2018-Q4 on February. We don't currently have any estimate for next quarter EPS ratio. Keep tuned in the coming weeks to learn about EGN's EPS estimate.
EGN earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2016-Q4-n/a-0.53n/a
2017-Q1-n/a0.34n/a
2017-Q2-n/a0.3n/a
2017-Q32017-11-080.160.225.0%
2017-Q42018-02-200.410.6353.7%
2018-Q12018-05-080.770.815.2%
2018-Q22018-08-070.750.772.7%
2018-Q32018-11-060.850.9612.9%
2018-Q42019-02-18n/an/an/a
2019-Q1-n/an/an/a

Annual financial results

In 2017, Energen annual sales rocketed a dazzling 58.91% to $987.44 M dollars from $621.37 marked in 2016. When comparing 2017 vs 2016, aligned with this, profit margin (that is, the net income divided by revenues) boosted a 58.03% to 31.07%.

Energen presents anual results in December, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Energen TTM sales up to September 2018 were $1,453.54 and income $423.05 M USD. If we compare this TTM figures with the last reported annuality, we can review Energen business evolution since December 2017: Annual turnover up to September, compared to lastest yearly report, climbed an outstanding 47.20%. By contrast, profit margin (net income/sales) depreciated at 31.07%.

EGN annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$1,750 M-$193 M11.0%-
2014$1,344 M-23.19%$568 M42.3%194.09%
2015$763 M-43.22%$-945.73 M-123.9%-266.49%
2016$621 M-18.59%$-167.51 M-27.0%-82.29%
2017$987 M58.91%$307 M31.1%-283.17%
TTM $1,454 M47.20%$423 M29.1%37.88%

Quarterly financial results

Energen reported $380.88 M in revenues for 2018-Q3, a 2.51% improvement compared to previous quarter. Reported quarter income marked $-26.57 M with a profit margin of -6.98%. Profit margin collapsed a -25.35% compared to previous quarter when profit margin was 18.37%. When comparing sales to same quarter last year, Energen sales marked an amazing growth and skyrocketed a 52.90%. Looking back to recent quarterly results, Energen posted 7 positive quarters in a row.
EGN quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2016-Q4$163 M-$-54 M-33.4%-
2017-Q1$176 M8.22%$33 M18.9%-161.32%
2017-Q2$219 M24.00%$29 M13.5%-11.74%
2017-Q3$249 M13.90%$-18 M-7.4%-162.71%
2017-Q4$343 M37.78%$262 M76.5%-1,519.61%
2018-Q1$358 M4.27%$119 M33.2%-54.69%
2018-Q2$372 M3.83%$68 M18.4%-42.59%
2018-Q3$381 M2.51%$-27 M-7.0%-138.92%

Energen ownership

When you are planning to buy a company, it's always worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Energen, of all outstanding shares are owned by its staff.

For a better understanding, the next table shows ownership data compared to other related companies:

EGN
Market cap$0.0 M
Total shares0.0 M
Float shares0.0 M
  - Institutional holdings (%)0.0%
  - Insider holdings (%)0.0%
Shares in short selling0.0%

Energen summary

Thursday, November 29th, 2018
Open$70.50
Close$72.12
Day range$70.50 - $73.51
Previous close$70.63
Session gain2.11%
Average true range$3.06
50d mov avg$77.41
100d mov avg$76.33
200d mov avg$0.00
Daily pattern
Weekly pattern lb06a

Energen performance

To better understand Energen performance you must becnhmark its gains with other related stocks in same sector or industry. In the following table, we compare Energen performance to :
Stock3m6m12m
EGNEnergen-7.00%12.49%0.00%

Energen competitors

Unfortunately, we could not find any public company that could be defined as Energen competitor. This doesn't mean Energen does not have any competitor in the market, it's just we could not detected it.

    Latest Energen stock news