Energen Corp. (EGN) Stock Price Up 6.8%
Energen Corp. (NYSE:EGN) rose 6.8% during mid-day trading on Tuesday . The company traded as high as $50.21 and last traded at $49.96, with a volume of 487,105 shares traded. The stock had previously closed at $46.80.
EGN has been the topic of several recent analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and set a $32.00 price target (up from $26.00) on shares of Energen Corp. in a research report on Tuesday, March 15th. Royal Bank Of Canada reissued a “sector perform” rating and set a $41.00 price target on shares of Energen Corp. in a research report on Friday, March 18th. Wunderlich dropped their price target on Energen Corp. from $47.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, March 22nd. Iberia Capital upped their price target on Energen Corp. from $37.00 to $41.00 and gave the company an “outperform” rating in a research report on Tuesday, March 22nd. Finally, Deutsche Bank AG upped their price target on Energen Corp. from $34.00 to $40.00 in a research report on Wednesday, March 23rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $53.36.
The firm’s market cap is $4.82 billion. The company has a 50 day moving average price of $47.21 and a 200-day moving average price of $38.01.
Energen Corp. (NYSE:EGN) last posted its quarterly earnings results on Friday, May 6th. The company reported ($0.64) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.05. During the same quarter in the previous year, the business posted $0.09 EPS. The business had revenue of $122.76 million for the quarter, compared to the consensus estimate of $123.80 million. The company’s revenue for the quarter was down 42.2% on a year-over-year basis. Equities research analysts anticipate that Energen Corp. will post ($1.56) earnings per share for the current year.
In other news, Director Magnus James Gorrie acquired 1,000 shares of Energen Corp. stock in a transaction dated Friday, June 24th. The stock was bought at an average price of $47.26 per share, for a total transaction of $47,260.00. Following the completion of the acquisition, 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 is accessible through this link. Also, CEO J T. Mcmanus sold 15,000 shares of the business’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 of the company’s stock, valued at approximately $4,987,061.45. The disclosure for this sale can be found here.
Other large investors have recently modified their holdings of 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. State of Wisconsin Investment Board boosted its stake in shares of Energen Corp. by 0.6% in the fourth quarter. State of Wisconsin Investment Board now owns 89,092 shares of the company’s stock worth $3,652,000 after buying an additional 507 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Energen Corp. by 1.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 53,264 shares of the company’s stock worth $2,183,000 after buying an additional 512 shares in the last quarter. 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. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Energen Corp. by 0.7% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 108,142 shares of the company’s stock worth $4,433,000 after buying an additional 730 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.
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