Other equities research analysts also recently issued reports about the company. Wunderlich upped their price objective on Energen Corp. from $60.00 to $63.00 and gave the company a buy rating in a research report on Wednesday, August 10th. Zacks Investment Research raised Energen Corp. from a hold rating to a buy rating and set a $58.00 target price on the stock in a research note on Friday, August 5th. Williams Capital assumed coverage on Energen Corp. in a research note on Monday, August 29th. They set a buy rating and a $68.00 target price on the stock. Tudor Pickering raised Energen Corp. from a hold rating to a buy rating in a research note on Friday, September 16th. Finally, Canaccord Genuity assumed coverage on Energen Corp. in a research note on Monday, September 19th. They set a buy rating and a $66.00 target price on the stock. Twelve research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Energen Corp. presently has an average rating of Buy and an average price target of $57.43.
Shares of Energen Corp. (NYSE:EGN) traded up 0.68% on Tuesday, reaching $56.63. The company’s stock had a trading volume of 62,324 shares. The firm’s market capitalization is $5.50 billion. Energen Corp. has a one year low of $20.76 and a one year high of $61.98. The firm has a 50-day moving average price of $56.28 and a 200 day moving average price of $48.73.
Energen Corp. (NYSE:EGN) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.09. Energen Corp. had a negative return on equity of 1.04% and a negative net margin of 136.37%. The business had revenue of $105.80 million for the quarter, compared to the consensus estimate of $144.31 million. During the same period in the prior year, the business posted $0.10 earnings per share. The company’s quarterly revenue was down 37.1% compared to the same quarter last year. On average, analysts anticipate that Energen Corp. will post ($1.37) earnings per share for the current fiscal year.
In other Energen Corp. news, Chairman J T. Mcmanus sold 10,216 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $52.58, for a total transaction of $537,157.28. Following the sale, the chairman now directly owns 103,789 shares of the company’s stock, valued at approximately $5,457,225.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.02% of the company’s stock.
A number of large investors have recently made changes to their positions in the company. Fox Run Management L.L.C. increased its stake in shares of Energen Corp. by 107.4% in the third quarter. Fox Run Management L.L.C. now owns 14,100 shares of the company’s stock valued at $814,000 after buying an additional 7,300 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in Energen Corp. by 63.6% in the third quarter. Eagle Asset Management Inc. now owns 77,486 shares of the company’s stock worth $4,472,000 after buying an additional 30,133 shares during the period. Creative Planning boosted its stake in Energen Corp. by 1.5% in the third quarter. Creative Planning now owns 3,366 shares of the company’s stock worth $194,000 after buying an additional 51 shares during the period. Mason Street Advisors LLC acquired a new stake in Energen Corp. during the second quarter worth approximately $2,134,000. Finally, Public Employees Retirement System of Ohio boosted its stake in Energen Corp. by 14.2% in the second quarter. Public Employees Retirement System of Ohio now owns 37,195 shares of the company’s stock worth $1,793,000 after buying an additional 4,612 shares during the period. 93.34% of the stock is currently owned by institutional investors.
Energen Corp. Company Profile
Energen Corporation (Energen) is an oil and natural gas exploration and production company. The Company is engaged in the exploration, development and production of oil and natural gas properties and natural gas in the Permian Basin in west Texas and the San Juan Basin in New Mexico. It is focused on increasing its oil, natural gas liquids and natural gas production and proved reserves through active development and/or exploratory programs in the Permian Basin.
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