Trade-Ideas LLC identified
) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Energen as such a stock due to the following factors:
- EGN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $142.7 million.
- EGN has traded 808,234 shares today.
- EGN is up 3% today.
- EGN was down 5.4% yesterday.
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More details on EGN:
Energen Corporation, through its subsidiary Energen Resources Corporation, explores for, develops, and produces oil, natural gas, and natural gas liquids in the United States. The stock currently has a dividend yield of 0.3%. Currently there are 10 analysts that rate Energen a buy, 1 analyst rates it a sell, and 7 rate it a hold.
The average volume for Energen has been 2.2 million shares per day over the past 30 days. Energen has a market cap of $2.1 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.41 and a short float of 8.8% with 1.00 days to cover. Shares are down 39.9% year-to-date as of the close of trading on Tuesday.
rates Energen as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
Highlights from the ratings report include:
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 1003.1% when compared to the same quarter one year ago, falling from $65.42 million to -$590.81 million.
- Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, ENERGEN CORP's return on equity significantly trails that of both the industry average and the S&P 500.
- The gross profit margin for ENERGEN CORP is currently lower than what is desirable, coming in at 27.61%. It has decreased significantly from the same period last year. Along with this, the net profit margin of -352.19% is significantly below that of the industry average.
- Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 62.97%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 924.17% compared to the year-earlier quarter. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.
- ENERGEN CORP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, ENERGEN CORP swung to a loss, reporting -$12.12 versus $1.36 in the prior year. This year, the market expects an improvement in earnings (-$2.18 versus -$12.12).
- You can view the full Energen Ratings Report.