Last $88.02 USD
Change Today -1.00 / -1.12%
Volume 284.8K
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As of 2:57 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

energen corp (EGN) Key Developments

Energen Corporation Declares Quarterly Cash Dividend, Payable on September 2, 2014

The board of directors of Energen Corporation declared a quarterly cash dividend of 15 cents per share payable September 2, 2014, to shareholders of record on August 15, 2014.

Energen Corp. Provides Capex Guidance for the Year 2014

Energen Corp. provided capex guidance for the year 2014. Capex for 2014, the company just recently raised capex by $250 million because the company was drilling much more efficiently, primarily in the Midland Basin, and drilled another 17, 18 wells there.

Energen Corp. Presents at ISI Bermuda Energy Conference, May-13-2014

Energen Corp. Presents at ISI Bermuda Energy Conference, May-13-2014 . Venue: Fairmont Southampton, 101 South Shore Road, Southampton, Bermuda.

Energen Corp. Presents at Global Hunter Securities GHS 100 Energy Conference, Jun-25-2014 12:00 PM

Energen Corp. Presents at Global Hunter Securities GHS 100 Energy Conference, Jun-25-2014 12:00 PM. Venue: JW Marriott Hotel, 151 W. Adams St, Chicago, Illinois, United States. Speakers: James T. McManus, Chairman, Chief Executive Officer, President, Chairman of Energen Resources Corporation, Chief Executive Officer of Energen Resources Corporation, Chairman of Alabama Gas Corporation and Chief Executive Officer of Alabama Gas Corporation.

Energen Corp. Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2014; Provides Earnings and Production Guidance for the Year 2014

Energen Corp. reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2014. For the quarter, the company reported total operating revenues of $561,178,000 against $474,016,000 for the same period last year. Operating income was $104,599,000 against $102,190,000 for the same period last year. Income from continuing operations before income taxes was $88,289,000 against $87,103,000 for the same period last year. Income from continuing operations was $55,492,000 or $0.76 diluted and basic per share against $54,694,000 or $0.75 diluted per share for the same period last year. Net income was $53,316,000 or $0.73 basic and diluted per share against $56,692,000 or $0.78 diluted per share for the same period last year. Adjusted income from continuing operations was $77.0 million or $1.05 diluted per share against $80.7 million or $1.12 diluted per share for the same period last year. Adjusted EBITDAX from continuing operations totaled $290 million compared with $253.9 million in the same period last year. Adjusted net income from all operations was $74.9 million or $1.02 per diluted share against $82.7 million or $1.14 per diluted share a year ago. For the quarter, the company reported total production volumes of 6,162 MBOE against 5,921 MBOE a year ago. Production volumes from continuing operations were 6,008 MBOE against 5,273 MBOE a year ago. The company provided earnings and production guidance for the year 2014. The company’s pro forma 2014 guidance range for after-tax cash flows (non-GAAP) is an estimated $848 million to $878 million; in addition, Energen estimates that it will receive after-tax proceeds of approximately $1.1 billion from the sale of its utility. Pro forma 2014 earnings are estimated to range from $157 million to $187 million, or $2.15-$2.55 per diluted share. Net cash provided by operating activities are estimated to range from $823 million to $853 million. Adj. after-tax cash flows excluding Alagasco is estimated to range from $848 million to $878 million. Energen estimates that its 2014 production midpoint will be higher than prior guidance by approximately 0.5 million barrels of oil equivalent (MMBOE). This is a result of year-to-date production strength in Delaware Basin Wolfcamp wells and the expected production impact from wells coming on line more quickly than originally planned due to improved drilling efficiency. The company’s new production guidance range is 24.9 MMBOE- 25.9 MMBOE, with a midpoint of 25.4 MMBOE. Prior guidance was a range of 24.4 MMBOE - 25.4 MMBOE, with a midpoint of 24.9 MMBOE.

 

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EGN

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Price/Earnings 33.4x
Price/Sales 3.7x
Price/Book 2.2x
Price/Cash Flow 8.9x
TEV/Sales 2.5x
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