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EGN

Energen Corporation

5/22/2013, 8:51 AM ET

Quote & Headlines Market Currents StockTalk

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| Dividends
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Wednesday, May 15, 3:22 PM When looking to invest in drillers, Sterne Agee's Tim Rezvan likes companies that can earn positive results at $80 oil and are achieving traction on expense reductions. His favorites are Gulfport Energy (GPOR) for its exposure to the Utica shale and coming steep production ramp, and Energen (EGN) after receiving little share price reward for a subsidiary that could be attractive as a spinout. Comment! [Energy, Quick Ideas]
Monday, April 29, 6:40 AM Energen (EGN): Q1 EPS of $1.14 misses by $0.09. Revenue of $492.7M misses by $27.5M. (PR) Comment! [Earnings, Breaking News]
Friday, April 26, 5:31 PM After-hours top gainers, as of 5:15 p.m.: AXU +3%. EGN +3%. NCTY +2%. GTE +2%. PMCS +2%.
After-hours top losers: NSPR -3%. TRX -2%. TIVO -2%. WDAY -2%. ZOLT -2%. Comment! [On the Move]
Thursday, April 25, 6:27 AM Energen Corporation (EGN) declares $0.145/share quarterly dividend, in line with previous. Forward yield 1.22%. For shareholders of record May 15. Payable June 03. Ex-div date May 13. (PR) Comment! [Dividends]
Wednesday, January 23, 6:18 PM More on Energen (EGN): Q4 misses across the board despite a 33% jump in total sales. Net earnings surged as the energy company saw a double-digit revenue increase from its oil and gas operations and mark-to- market gains on select financial commodity contracts. Overall operating revenue climbed 50%, boosted by an 83% jump in operating revenue for oil and gas operations and a 4.1% increase in natural-gas distribution revenue. Comment! [Earnings, Commodities]
Wednesday, January 23, 5:31 PM Energen (EGN): Q4 EPS of $0.65 misses by $0.09. Revenue of $433M (+33.5% Y/Y) misses by $12M. (PR) Comment! [Earnings, Breaking News, Energy]
Friday, January 4, 3:53 PM Unseasonably high natural gas inventories going into mid-January support Sterne Agee's bearish outlook for gas amid what looks like another mild winter, as the firm suggests avoiding pure-play gas names such as Southwestern (SWN) and Ultra Petroleum (UPL). Only four companies have 40%-plus of 2013 estimated gas production hedged, the firm says: PXD, EGN, AREX, QEP. 2 Comments [Energy, Quick Ideas]
Wednesday, December 19, 2012, 12:46 PM Energen (EGN +1%) shares bounce back after a big early drop sparked by lower production guidance for this year and 2013. Wunderlich thinks EGN "has plenty of running room [and] is attractively priced for the growth ahead," initiating coverage with a Buy rating. EGN was in the Permian basin early and is well positioned to capture multiple resource plays there, the firm says. Comment! [Energy, Quick Ideas]
Tuesday, December 18, 2012, 4:50 PM 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. Comment! [Energy, On the Move]
Tuesday, November 6, 2012, 3:28 PM Energen (EGN) and Cimarex Energy (XEC) are Imperial Capital's top picks for an investment play on the budding horizontal Wolfcamp shale in the southern Delaware Basin. With EGN shares trading at a 2.6% premium to proved NAV of $45/share while peers trade at a 50%-plus premium, the firm thinks the market is not ascribing any value to its Wolfcamp potential. Comment! [Energy, Quick Ideas]
Thursday, October 25, 2012, 12:30 PM Energen (EGN) declares $0.14/share quarterly dividend, in line with previous. Forward yield 1.10%. For shareholders of record Nov 15. Payable Dec 03. Ex-div date Nov 13. (PR) Comment! [Dividends]
Thursday, October 25, 2012, 12:11 PM Energen (EGN -6.9%) slides on wide Q3 miss late yesterday. Net earnings plunged 98% as the company saw a 27% drop in operating revenue for oil and gas operations and a 30% plunge in natural-gas prices. The company says it plans to cut investment in natural-gas production this year due to the low prices, and turn its attention instead to its oil-and liquids-rich Permian Basin operations in Texas. Comment! [Earnings, On the Move, Energy]
Wednesday, October 24, 2012, 7:30 PM Energen (EGN): Q3 EPS of $0.44 may not be comparable to consensus of $0.60. Revenue of $295M (-22% Y/Y). Shares +0.6% AH. (PR) Comment! [Earnings, Energy]
Monday, October 1, 2012, 2:53 PM We're "in the later innings" of the long-oil/short-gas trade but "not yet in the bottom of the ninth," Sterne Agee says, believing well-capitalized operators with sufficient scale in oil basins and/or optionality on natural gas should continue to outperform. Energen (EGN), Pioneer Natural (PXD) and Oasis Petroleum (OAS) are the firm's favorites; avoid pure gas plays SWN and UPL. 1 Comment [Energy, Quick Ideas]
Wednesday, July 25, 2012, 5:17 PM Energen (EGN): Q2 EPS of $0.73 beats by $0.10. Revenue of $470.4M (+42.4% Y/Y) beats by $101.63M. (PR) Comment! [Earnings, Energy]
Friday, June 1, 2012, 3:43 PM Barron's "two defensive picks" in energy exploration are getting pummeled along with other energy issues as crude oil caps an 8.4% loss on the week. Pioneer Natural Resources (PXD -8.9%) and Energen (EGN -3.2%) have "extensive hedge protection through 2014" that provides resiliency to their capital program, which should protect growth expectations during the period. Comment! [Energy, Quick Ideas, On the Move]