Natural gas company Energen Corp has raised its profit forecasts for 2005 and 2006, boosted by hedging of its natural gas and oil production.
Energen now expects 2006 profit of $4.90 to $5.10 per share, up 25 cents from its prior forecast.
For 2005, the Birmingham, Alabama-based company raised its forecast to $4.45 to $4.65 per share.
