Energen Corp.  (EGN) Trade Now »     Rate EGN  -  Discuss EGN  -  Add to Watch List        

Energen is a relatively low-beta stock at 0.75. It's recent selloff prompts us to maintain that it is currently oversold given its actual earnings growth and upward earnings estimate revisions.

EGN is currently trading at only 17.9x its actual trailing four quarters of earnings, with a forward-P/E of 14.4x. Analysts as a consensus have revised their estimates upwards by 13% over the past four weeks, while outperforming the S&P 500 index by over 12% over the same period.

We rate EGN a 'Buy' and set a one-month price target at $85 per share.

Each week I track which stocks are moving in and out of the top 25 Magic Formula Stocks for companies with a minimum market cap of 50 and 2000 billion. Here are the moves for the week ended 12-8-08:

Top 25/50 Million:

In:

• DivX, Inc (DIVX)
• EarthLink, Inc (ELNK)
• Graham Corporation (GHM)
• Herbalife, Ltd. (HLF)
• MEMC Electronic Materials, Inc. (WFR)
• Maxygen, Inc (MAXY)
• Sucampo Pharmaceuticals, Inc. (SCMP)
• Verigy, Ltd. (VRGY)

Out:

Each week I track which stocks are moving in and out of the top 25 Magic Formula Stocks for companies with a minimum market cap of 50 and 2000 billion. Here are the moves for the week ended 10-11-08:

Top 25/50 Million:

In:

• BroadVision, Inc (BVSN.OB)
• MESABI TRUST (MSB)
• Nvidia (NVDA)
• Net 1 UEPS Technologies (UEPS)
• Sierra Wireless (SWIR)
• TheStreet.com (TSCM)
• ValueClick (VCLK)

Out:

• China 3C Group (CHCG.OB)
• Datalink (DTLK)
• Deluxe Corp (DLX)
• Idearc, Inc. (IAR)
• Korn/Ferry International (KFY)
• United Online, Inc (UNTD)
• Pre-Paid Legal Services, Inc (PPD)

Top 25/2000 Million

In:

Filed under: Analyst reports, Analyst upgrades and downgrades, Coca-Cola (KO), Analyst initiations, Gilead Sciences (GILD), China Mobile Limited (CHL)

ZACKS Investment Research BUYS
* Aggressive Growth - Energen (EGN) shares have been pumping
out great returns for the last two years, advancing behind
continued growth in the company’s earnings.

* Growth & Income - Williams Companies (WMB) just declared a
dividend of 11 cents per share. In addition, its EPS are
estimated to grow by 15% over the next 3 - 5 years.

* Momentum - Nordson (NDSN) recently raising its third-
quarter earnings projection while reporting its second-
quarter results.