Last $64.33 USD
Change Today -0.31 / -0.48%
Volume 612.0K
As of 8:04 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

energen corp (EGN) Snapshot

Open
$64.72
Previous Close
$64.64
Day High
$64.72
Day Low
$63.12
52 Week High
06/20/14 - $90.66
52 Week Low
10/15/14 - $53.78
Market Cap
4.7B
Average Volume 10 Days
1.0M
EPS TTM
$3.22
Shares Outstanding
73.0M
EX-Date
02/19/15
P/E TM
20.0x
Dividend
$0.08
Dividend Yield
0.53%
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.

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 Fourth Quarter and Year Ended December 31, 2014; Reports Production Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Asset Impairment Charges for the Fourth Quarter of 2014; Provides Production Guidance for the First Quarter and Full Year of 2015; Provides Capital Expenditure Guidance for the Year 2015

Energen Corp. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, total revenues were $611,435,000 against $329,962,000 a year ago. Operating income was $94,223,000 against $74,875,000 a year ago. Income from continuing operations before income taxes was $83,960,000 against $66,555,000 a year ago. Income from continuing operations was $66,519,000 or $0.91 per basic and diluted share against $45,633,000 or $0.63 per basic and diluted share a year ago. Net income was $65,418,000 or $0.89 per diluted share against $84,093,000 or $1.15 per basic and diluted share a year ago. Adjusted net income from continuing operations (Non-GAAP) was $41,149 million or $0.56 per diluted share against $50,093 million or $0.69 per diluted share a year ago. Capital expenditures were $425,045,000 compared to $212,054,000 for the same period a year ago. Adjusted net income from all operations (Non-GAAP) was $40.0 million or $0.55 per share diluted against $88.6 million or $1.21 per share diluted a year ago. For the year, total revenues were $1,676,571,000 against $1,205,312,000 a year ago. Operating income was $176,961,000 against $252,137,000 a year ago. Income from continuing operations before income taxes was $140,371,000 against $216,204,000 a year ago. Income from continuing operations was $99,643,000 or $1.37 per basic and diluted share against $141,881,000 or $1.96 per basic and diluted share a year ago. Net income was $568,032,000 or $7.79 per diluted share against $204,554,000 or $2.83 per basic and diluted share a year ago. Adjusted income from continuing operations (Non-GAAP) was $161,042 million or $2.20 per diluted share against $182,607 million or $2.52 per diluted share a year ago. Capital expenditures were $1,376,038,000 compared to $1,104,745,000 for the same period a year ago. Adjusted net income from all operations (Non-GAAP) was $629.4 million or $8.59 per share diluted against $245.280 million or $3.38 per share diluted a year ago. For the quarter, total production from continuing operations was 6,681 MBOE against 6,028 MBOE a year ago. Total production volumes were 6,681 MBOE against 6,203 MBOE a year ago. For the year, total production from continuing operations was 25,684 MBOE against 23,281 MBOE a year ago. Total production volumes were 25,849 MBOE against 25,362 MBOE a year ago. For the fourth quarter of 2014 quarter, the company reported asset impairment, other of $141,945 million against $4,619 million a year ago. The company plans to invest approximately $1.0 billion of capital in its 2015 drilling and development program. Capital reflects a decrease in service costs of approximately 10 percent; continued low commodity prices could drive service costs in the Permian Basin lower as the year progresses. More than 50% of 2015 drilling and development capital will be focused in the company’s Midland Basin Wolfcamp and Spraberry appraisal and development programs. Capital investment for drilling and development in 2015 reflects a 26% decrease from the $1.36 billion invested in 2014. The company’s 2015 production (excluding volumes from the company’s San Juan Basin divestiture package) is estimated to range from 21.4-22.4 MMBOE (58,545–61,285 boepd), with a midpoint of 21.9 MMBOE. This reflects an increase of 15% from comparable, adjusted 2014 production volumes of 19.1 MMBOE. First quarter 2015 production is estimated to range from 4.4–4.8 MMBOE (4,889-5,333 boepd), with a midpoint of 4.6 MMBOE. Severe winter weather across the Permian Basin in late December/early January is estimated to negatively affect first quarter and calendar year 2015 production by 225 MBOE, with 61% of the impact being felt in the Midland Basin. The company also estimates that a third party liquids handling issue that emerged in late 2014 in the Delaware Basin will negatively affect first quarter production by approximately 210 MBOE and calendar year production by approximately 285 MBOE. Due to an increase in liquids in the gas stream in the Delaware Basin, the company’s gas gatherer/processor is modifying its plant facilities to handle the liquids load and is adding compression; the issue is expected to be resolved in May 2015. First quarter and calendar year 2015 production estimates also reflect longer flow-back periods for certain wells in the company’s Midland Basin Wolfcamp development program.

Energen Corporation Declares Quarterly Cash Dividend Payable on March 2, 2015

The Board of Directors of Energen Corporation declared a quarterly cash dividend of 2 cents per share payable March 2, 2015, to shareholders of record on February 23, 2015.

Energen Corp., Q4 2014 Earnings Call, Feb 13, 2015

Energen Corp., Q4 2014 Earnings Call, Feb 13, 2015

 

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Industry Analysis

EGN

Industry Average

Valuation EGN Industry Range
Price/Earnings 47.5x
Price/Sales 3.5x
Price/Book 1.4x
Price/Cash Flow 4.2x
TEV/Sales 2.7x
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