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Energen Corporation (EGN) [hlAlert]

Rating:
Neutral EGN
down 25.66 %

Energen Corporation (EGN) downgraded to Neutral with price target $50 by UBS

Posted on: Tuesday,  Dec 15, 2015  12:25 PM ET by UBS

UBS rated Neutral Energen Corporation (NYSE: EGN) on 12/15/2015. Previously UBS rated Buy Energen Corporation (NYSE: EGN) on 08/01/2013., when
the stock price was $66.07. Since then, Energen Corporation has lost 25.67% as of 12/15/2015's recent price of $49.11.
If you would have followed the previous UBS's recommendation on EGN, you would have lost 25.66% of your investment in 866 days.

Energen Corporation (Energen) is an energy holding company engaged in the development, acquisition, exploration and production of oil, natural gas and natural gas liquids in the continental United States and in the purchase, distribution and sale of natural gas in central and north Alabama. The two subsidiaries of the Company are Energen Resources Corporation (Energen Resources) and Alabama Gas Corporation (Alagasco). The Company operates in two business segments: oil and gas operations, and natural gas distributions.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/15/2015 12:25 PM Hold
None
49.11 50.00
as of 8/27/2015
1 Week down  -3.69 %
1 Month down  -30.00 %
3 Months down  -30.67 %
1 YTD down  -31.88 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/1/2013 3:25 PM Buy
None
66.07 67.00
4/28/2011 1:25 PM Buy
None
64.36 71.00
8/28/2008 8:25 AM Buy
None
56.04

(*) Stock Price at the time of the recommendation.
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