Energen Corp. (NYSE:EGN) shares rose 6.8% on Tuesday . The stock traded as high as $50.21 and last traded at $49.96, with a volume of 487,105 shares. The stock had previously closed at $46.80.

EGN has been the topic of several recent analyst reports. Wunderlich boosted their price target on Energen Corp. from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, June 21st. Zacks Investment Research raised Energen Corp. from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Wednesday, July 6th. Deutsche Bank AG lowered Energen Corp. from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a report on Wednesday, April 13th. They noted that the move was a valuation call. Credit Suisse Group AG started coverage on Energen Corp. in a report on Friday, April 1st. They set an “outperform” rating and a $43.00 target price on the stock. Finally, Iberia Capital boosted their target price on Energen Corp. from $37.00 to $41.00 and gave the stock an “outperform” rating in a report on Tuesday, March 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $53.36.

The stock’s market capitalization is $4.71 billion. The stock has a 50-day moving average price of $47.48 and a 200 day moving average price of $38.12.

Energen Corp. (NYSE:EGN) last released its earnings results on Friday, May 6th. The company reported ($0.64) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.69) by $0.05. The firm earned $122.76 million during the quarter, compared to analysts’ expectations of $123.80 million. The business’s quarterly revenue was down 42.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 earnings per share. Equities analysts forecast that Energen Corp. will post ($1.56) earnings per share for the current year.

In other news, CEO J T. Mcmanus sold 15,000 shares of Energen Corp. stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 103,789 shares in the company, valued at $4,987,061.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Magnus James Gorrie purchased 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, with a total value of $47,260.00. Following the completion of the transaction, the director now owns 7,900 shares of the company’s stock, valued at approximately $373,354. The disclosure for this purchase can be found here.

Several institutional investors recently made changes to their positions in EGN. Victory Capital Management Inc. boosted its position in shares of Energen Corp. by 41.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,253,040 shares of the company’s stock valued at $51,362,000 after buying an additional 365,700 shares during the period. IronBridge Capital Management LP boosted its position in shares of Energen Corp. by 92.9% in the fourth quarter. IronBridge Capital Management LP now owns 453,380 shares of the company’s stock valued at $18,584,000 after buying an additional 218,390 shares during the period. Systematic Financial Management LP boosted its position in shares of Energen Corp. by 6.1% in the fourth quarter. Systematic Financial Management LP now owns 1,833,904 shares of the company’s stock valued at $75,171,000 after buying an additional 105,289 shares during the period. RR Advisors LLC boosted its position in shares of Energen Corp. by 30.6% in the fourth quarter. RR Advisors LLC now owns 235,000 shares of the company’s stock valued at $9,633,000 after buying an additional 55,000 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Energen Corp. by 116.7% in the fourth quarter. Sei Investments Co. now owns 67,483 shares of the company’s stock valued at $2,766,000 after buying an additional 36,343 shares during the period.

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.