Energen Corporation (NYSE:EGN) engages in the exploration, development, and production of oil, natural gas liquids, and natural gas that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on EGN’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Energen Corporation could be a solid choice for investors.
Current Quarter Estimates for EGN
In the past 30 days, four estimates have gone higher for Energen Corporation while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 36 cents a share 30 days ago, to 39 cents today, a move of 8.3%.
Current Year Estimates for EGN
Meanwhile, Energen Corporation current year figures are also looking quite promising, with four estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 46 cents per share 30 days ago to 50 cents per share today, an increase of 8.7%.
Energen Corporation Price and Consensus
Energen Corporation Price and Consensus | Energen Corporation Quote
Bottom Line
The stock has also started to move higher lately, adding 7.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
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Energen Corporation (EGN): Free Stock Analysis Report
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