Shares of Energen Corp. (NYSE:EGN) fell 0.9% during trading on Monday . The company traded as low as $46.99 and last traded at $47.07, with a volume of 509,025 shares changing hands. The stock had previously closed at $47.49.

A number of research firms have commented on EGN. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $41.00 price objective on shares of Energen Corp. in a research note on Friday, March 18th. Citigroup Inc. upped their price objective on shares of Energen Corp. from $38.00 to $49.00 and gave the company a “neutral” rating in a research note on Tuesday, May 17th. Wunderlich reduced their price objective on shares of Energen Corp. from $47.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, March 22nd. Deutsche Bank AG upped their price objective on shares of Energen Corp. from $43.00 to $48.00 and gave the company a “hold” rating in a research note on Tuesday, June 14th. Finally, Susquehanna raised shares of Energen Corp. from a “neutral” rating to a “positive” rating and set a $50.00 price objective for the company in a research note on Wednesday, May 11th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $53.36.

The stock’s market capitalization is $4.54 billion. The company has a 50-day moving average of $47.21 and a 200 day moving average of $38.01.

Energen Corp. (NYSE:EGN) last released its earnings results on Friday, May 6th. The company reported ($0.64) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.69) by $0.05. The firm earned $122.76 million during the quarter, compared to the consensus estimate of $123.80 million. The company’s revenue was down 42.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 EPS. Equities analysts predict that Energen Corp. will post ($1.56) EPS for the current year.

In related news, Director Magnus James Gorrie acquired 1,000 shares of the company’s stock in a transaction dated Friday, June 24th. The shares were bought at an average price of $47.26 per share, for a total transaction of $47,260.00. Following the purchase, the director now directly owns 7,900 shares in the company, valued at approximately $373,354. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO J T. Mcmanus sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of $48.05, for a total value of $720,750.00. Following the sale, the chief executive officer now owns 103,789 shares in the company, valued at approximately $4,987,061.45. The disclosure for this sale can be found here.

Other large investors recently made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its stake in shares of Energen Corp. by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 31,197 shares of the company’s stock worth $1,279,000 after buying an additional 100 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Energen Corp. during the fourth quarter worth about $1,324,000. PNC Financial Services Group Inc. boosted its stake in shares of Energen Corp. by 2.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 33,484 shares of the company’s stock worth $1,372,000 after buying an additional 678 shares in the last quarter. Liberty Mutual Group Asset Management Inc. boosted its stake in shares of Energen Corp. by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 50,767 shares of the company’s stock worth $2,081,000 after buying an additional 17,235 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK boosted its stake in shares of Energen Corp. by 2.4% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 53,263 shares of the company’s stock worth $3,076,000 after buying an additional 1,251 shares in the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.