Energen Corp. (NYSE:EGN) shares gapped up prior to trading on Thursday . The stock had previously closed at $55.17, but opened at $55.21. Energen Corp. shares last traded at $56.81, with a volume of 608,844 shares changing hands.

A number of brokerages recently commented on EGN. Topeka Capital Markets upped their price target on shares of Energen Corp. from $35.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, May 6th. Wunderlich upped their price target on shares of Energen Corp. from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, August 10th. Deutsche Bank AG upped their price target on shares of Energen Corp. from $50.00 to $58.00 and gave the company a “hold” rating in a research note on Wednesday, August 10th. Citigroup Inc. upped their price target on shares of Energen Corp. from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, August 11th. Finally, Royal Bank Of Canada upped their price target on shares of Energen Corp. from $50.00 to $54.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 10th. Twelve research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $54.68.

The company has a 50 day moving average price of $49.39 and a 200-day moving average price of $41.02. The company’s market capitalization is $5.42 billion.

Energen Corp. (NYSE:EGN) last released its quarterly earnings results on Monday, August 8th. The company reported ($0.28) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.37) by $0.09. During the same period in the prior year, the firm earned $0.10 EPS. The company earned $105.80 million during the quarter, compared to analysts’ expectations of $144.31 million. Energen Corp.’s quarterly revenue was down 37.1% on a year-over-year basis. On average, equities analysts predict that Energen Corp. will post ($1.39) EPS for the current fiscal year.

In other Energen Corp. news, Chairman J T. Mcmanus sold 10,216 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $52.58, for a total value of $537,157.28. Following the completion of the transaction, the chairman now owns 103,789 shares of the company’s stock, valued at approximately $5,457,225.62. The transaction was disclosed in a filing with the SEC, which is available 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 transaction of $720,750.00. Following the completion of the transaction, the chief executive officer now directly 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.

A number of institutional investors recently added to or reduced their stakes in the company. BlackRock Advisors LLC raised its stake in shares of Energen Corp. by 47.2% in the fourth quarter. BlackRock Advisors LLC now owns 578,373 shares of the company’s stock worth $23,708,000 after buying an additional 185,471 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Energen Corp. by 2.4% in the fourth quarter. Wells Fargo & Company MN now owns 311,066 shares of the company’s stock worth $12,750,000 after buying an additional 7,222 shares during the last quarter. Finally, RS Investment Management Co. LLC acquired a new stake in shares of Energen Corp. during the fourth quarter worth $4,890,000.

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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