Energen (EGN) -2.8% AH after issuing downward guidance for FY 2012, seeing EPS of $3.15-$3.25...

|About: Energen Corporation (EGN)|By:, SA News Editor

Energen (EGN) -2.8% AH after issuing downward guidance for FY 2012, seeing EPS of $3.15-$3.25 vs. $3.42 analyst consensus. Says its 2013 capital budget of $975M will focus primarily on the exploration and development of its liquids-rich assets in the Permian Basin, but infrastructure-related issues will negatively affect production in Q4 2012 and possibly H1 2013.