Energen Corp. (NYSE:EGN) shares fell 6.7% on Monday . The company traded as low as $44.09 and last traded at $44.28, with a volume of 1,028,056 shares trading hands. The stock had previously closed at $47.47.

A number of analysts have recently issued reports on EGN shares. BMO Capital Markets reissued a “hold” rating and set a $60.00 target price on shares of Energen Corp. in a research note on Wednesday, June 22nd. Citigroup Inc. boosted their target price on shares of Energen Corp. from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, July 18th. Barclays PLC started coverage on shares of Energen Corp. in a research note on Tuesday, June 21st. They set an “equal weight” rating and a $50.00 target price for the company. Wunderlich boosted their target price on shares of Energen Corp. from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, June 21st. Finally, Royal Bank Of Canada boosted their target price on shares of Energen Corp. from $43.00 to $48.00 and gave the company a “sector perform” rating in a research note on Tuesday, June 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $53.36.

The company has a 50 day moving average of $47.64 and a 200-day moving average of $38.52. The company’s market cap is $4.33 billion.

Energen Corp. (NYSE:EGN) last posted its earnings results on Friday, May 6th. The company reported ($0.64) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.69) by $0.05. The company had revenue of $122.76 million for the quarter, compared to the consensus estimate of $123.80 million. During the same quarter last year, the business earned $0.09 earnings per share. Energen Corp.’s quarterly revenue was down 42.2% on a year-over-year basis. Equities research analysts forecast that Energen Corp. will post ($1.51) 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 dated Thursday, June 30th. The stock was sold at an average price of $48.05, for a total value of $720,750.00. Following the transaction, the chief executive officer now directly owns 103,789 shares in the company, valued at $4,987,061.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Magnus James Gorrie acquired 1,000 shares of the company’s stock in a transaction dated Friday, June 24th. The stock was acquired at an average price of $47.26 per share, for a total transaction of $47,260.00. Following the completion of the purchase, the director now directly owns 7,900 shares of the company’s stock, valued at approximately $373,354. The disclosure for this purchase can be found here.

A number of institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. raised 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 in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Energen Corp. by 4.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 54,674 shares of the company’s stock valued at $2,241,000 after buying an additional 2,369 shares in the last quarter. Liberty Mutual Group Asset Management Inc. raised its position 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 valued at $2,081,000 after buying an additional 17,235 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. raised its position in shares of Energen Corp. by 1.9% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 114,197 shares of the company’s stock valued at $4,619,000 after buying an additional 2,098 shares in the last quarter. Finally, State of Wisconsin Investment Board raised its position 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 valued at $3,652,000 after buying an additional 507 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.