Energen Corporation (NYSE:EGN) General Counsel J David Woodruff, Jr. sold 2,500 shares of Energen Corporation stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $57.01, for a total value of $142,525.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Energen Corporation (EGN) opened at $56.12 on Tuesday. Energen Corporation has a 12 month low of $46.16 and a 12 month high of $64.44. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.53 and a current ratio of 0.58.
Energen Corporation (NYSE:EGN) last announced its earnings results on Wednesday, November 8th. The oil and gas producer reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. Energen Corporation had a negative return on equity of 0.45% and a negative net margin of 1.17%. The firm had revenue of $191.50 million for the quarter, compared to the consensus estimate of $242.81 million. During the same quarter in the previous year, the business earned ($0.22) EPS. The company’s revenue was up 3.9% compared to the same quarter last year. analysts predict that Energen Corporation will post 0.4 EPS for the current year.
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Several research analysts have recently weighed in on EGN shares. Citigroup Inc. lifted their price objective on Energen Corporation from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Friday, July 21st. Morgan Stanley lifted their price objective on Energen Corporation from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 31st. Barclays PLC raised their target price on Energen Corporation from $57.00 to $61.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 11th. Zacks Investment Research downgraded Energen Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Finally, SunTrust Banks, Inc. restated a “buy” rating and issued a $70.00 target price on shares of Energen Corporation in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $65.48.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning boosted its stake in shares of Energen Corporation by 8.0% in the 2nd quarter. Creative Planning now owns 3,390 shares of the oil and gas producer’s stock worth $167,000 after buying an additional 250 shares during the last quarter. Cadence Capital Management LLC purchased a new position in shares of Energen Corporation in the 3rd quarter worth approximately $203,000. BB&T Securities LLC purchased a new position in shares of Energen Corporation in the 3rd quarter worth approximately $206,000. Ironwood Investment Counsel LLC bought a new stake in shares of Energen Corporation in the 3rd quarter worth approximately $219,000. Finally, Optimum Investment Advisors bought a new stake in shares of Energen Corporation in the 2nd quarter worth approximately $228,000. Hedge funds and other institutional investors own 98.02% of the company’s stock.
About Energen Corporation
Energen Corporation 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. Its operations are conducted through subsidiary, Energen Resources Corporation and occur within the Midland Basin, the Delaware Basin and the Central Basin Platform areas of the Permian Basin in west Texas and New Mexico.
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