Last $64.40 USD
Change Today +0.07 / 0.11%
Volume 347.1K
EGN On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

energen corp (EGN) Snapshot

Open
$65.02
Previous Close
$64.33
Day High
$65.71
Day Low
$63.76
52 Week High
06/20/14 - $90.66
52 Week Low
10/15/14 - $53.78
Market Cap
4.7B
Average Volume 10 Days
1.3M
EPS TTM
$5.71
Shares Outstanding
73.2M
EX-Date
11/12/14
P/E TM
11.3x
Dividend
$0.08
Dividend Yield
0.73%
Current Stock Chart for ENERGEN CORP (EGN)

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energen corp (EGN) Details

Energen Corporation is engaged in the development and exploration of oil, natural gas, and natural gas liquids in the continental United States. As of August 28, 2014, the company had approximately 775 million barrels of oil-equivalent proved, probable, and possible reserves, as well as 2.5 billion barrels of oil-equivalent contingent resources. Energen Corporation was founded in 1929 and is headquartered in Birmingham, Alabama.

1,434 Employees
Last Reported Date: 03/3/14
Founded in 1929

energen corp (EGN) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $805.0K
Chief Financial Officer, Vice President and T...
Total Annual Compensation: $400.0K
President of Energen Resources and Chief Oper...
Total Annual Compensation: $440.0K
Vice President of Corporate Development, Gene...
Total Annual Compensation: $355.0K
Compensation as of Fiscal Year 2013.

energen corp (EGN) Key Developments

Energen Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Production Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Asset Impairments; Updates Production Guidance for the Full Year of 2014, Reaffirms Production Guidance for the Fourth Quarter of 2014 and Provides Interest Expense Guidance for the Fourth Quarter and Full Year of 2014; Provides Capital Budget for the Full Year of 2015

Energen Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, total Revenue was $497,761,000 against $272,038,000 a year ago. Operating income was $48,171,000 against $17,435,000 a year ago. Income from continuing operations before income taxes was $36,686,000 against $8,535,000 a year ago. Income from continuing operations was $20,631,000 or $0.28 per basic and diluted share against $5,407,000 or $0.07 per basic and diluted share a year ago. Net income was $457,251,000 or $6.22 per diluted share against net loss $19,298,000 or $0.27 per basic and diluted share a year ago. Adjusted net income from all operations (Non-GAAP) was $481.8 million or $6.56 per diluted share against $21.9 million or $0.30 per diluted share a year ago. Adjusted net income from all operations (Non-GAAP) was $586.9 million or $8.01 per diluted share against $152.1 million or $2.10 per diluted share a year ago. Capital expenditures were $356,725,000 compared to $257,759,000 for the same period a year ago. For the nine months, total revenues were $1,065,136,000 against $875,350,000 a year ago. Operating income was $82,738,000 against $177,262,000 a year ago. Income from continuing operations before income taxes was $56,411,000 against $149,649,000 a year ago. Income from continuing operations was $33,124,000 or $0.45 per basic and diluted share against $96,248,000 or $1.33 per basic and diluted share a year ago. Net income was $502,614,000 or $6.86 per diluted share against $120,461,000 or $1.67 per basic and diluted share a year ago. Adjusted income from continuing operations (Non-GAAP) was $45.2 million or $0.62 per diluted share against $46.6 million or $0.64 per diluted share a year ago. Adjusted income from continuing operations (Non-GAAP) was $117.4 million or $1.60 per diluted share against $127.9 million or $1.77 per diluted share a year ago. Capital expenditures were $950,993,000 compared to $862,691,000 for the same period a year ago. For the quarter, total production from continuing operations was 6,651 MBOE against 6,116 MBOE a year ago. Total production volumes were 6,652 MBOE against 6,758 MBOE a year ago. For the nine months, total production from continuing operations was 19,003 MBOE against 17,253 MBOE a year ago. Total production volumes were 19,168 MBOE against 19,159 MBOE a year ago. For the third quarter of 2014 quarter, the company reported asset impairments (in anticipation of sale) of $113,945,000. For the full year, the company's production guidance midpoint, is estimated to increase 0.5 MMBOE to 25.9 MMBOE (70,950 boepd). The company is both raising and narrowing its 2014 production guidance range to 25.6 to 26.2 MMBOE (70,135 boepd to 71,780 boepd). The company's2014 drilling and development capital is estimated to remain under $1.4 billion, in keeping with prior guidance. The company is maintaining fourth quarter production guidance midpoint of 6.9 MMBOE (75,000 boepd) within a range of 6.6 to 7.2 MMBOE (71,740 boepd to 78,260 boepd). For the fourth quarter of 2014, the company expected interest expense to be in the range of $11.3 million to $12.3 million. For the full year of 2014, the company expected interest expense to be in the range of $38.6 million to $39.6 million. The company expects within $100 million of $1.4 billion for its capital budget in 2015.

Energen Corporation Enters into First Amendment to its Credit Agreement

Energen Corporation entered into a first amendment to its credit agreement among Energen, as borrower, Wells Fargo Bank, National Association, as administrative agent, Energen Resources Corporation, as guarantor, and MUFG UNION BANK, N.A., as lenders. Terms used and not defined herein have the respective meanings given to such terms in the credit agreement and the amendment, respectively. The Amendment changes the Credit Agreement covenant relating to the company's ability to enter into Swap Agreements in respect of commodities. Previously, the credit agreement allowed the company to hedge up to 85% of its anticipated production of crude oil (including natural gas liquids and condensate) and up to 85% of its anticipated production of natural gas, in each case, as such production is projected from Energen's proved oil and gas properties reserves. The amendment includes certain defined terms, including current production, and other provisions which change the aggregate notional volumes of commodities swap agreements (measured at the time each such new Swap Agreement is executed) to certain specified percentages of Current Production (which includes production from both proved and unproved reserves) that reduce over the term of such Swap Agreement.

Energen Corporation Declares Quarterly Cash Dividend, Payable on December 1, 2014

The Board of Directors of Energen Corporation declared a quarterly cash dividend of 2 cents per share payable December 1, 2014, to shareholders of record on November 14, 2014.

 

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EGN

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Valuation EGN Industry Range
Price/Earnings 36.3x
Price/Sales 2.6x
Price/Book 1.4x
Price/Cash Flow 3.6x
TEV/Sales 2.3x
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