John S. Richardson Sells 3,733 Shares of Energen Corporation (EGN) Stock
Energen Corporation (NYSE:EGN) insider John S. Richardson sold 3,733 shares of Energen Corporation stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $57.11, for a total value of $213,191.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Energen Corporation (NYSE:EGN) opened at 55.92 on Friday. The stock’s market capitalization is $5.43 billion. The stock’s 50 day moving average price is $55.68 and its 200 day moving average price is $55.82. Energen Corporation has a one year low of $23.34 and a one year high of $64.43.
Energen Corporation (NYSE:EGN) last announced its quarterly earnings data on Thursday, February 9th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.06. The firm earned $114.52 million during the quarter, compared to analyst estimates of $156.01 million. Energen Corporation had a negative net margin of 31.43% and a negative return on equity of 4.19%. The firm’s revenue for the quarter was down 40.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. Equities research analysts predict that Energen Corporation will post $0.32 EPS for the current fiscal year.
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EGN has been the topic of a number of analyst reports. Credit Suisse Group lifted their price objective on Energen Corporation from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, November 22nd. Stephens raised Energen Corporation from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 4th. TheStreet cut Energen Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, November 3rd. Drexel Hamilton reaffirmed a “buy” rating and set a $71.00 price objective on shares of Energen Corporation in a research report on Wednesday, December 21st. Finally, Nomura reaffirmed a “buy” rating and set a $65.00 price objective on shares of Energen Corporation in a research report on Monday, November 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $63.88.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale purchased a new position in shares of Energen Corporation during the third quarter worth $115,000. ClariVest Asset Management LLC bought a new stake in Energen Corporation during the second quarter valued at approximately $103,000. Flinton Capital Management LLC bought a new stake in Energen Corporation during the fourth quarter valued at approximately $153,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Energen Corporation by 14.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,013 shares of the company’s stock valued at $174,000 after buying an additional 379 shares during the period. Finally, Investment Counselors of Maryland LLC bought a new stake in Energen Corporation during the third quarter valued at approximately $175,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.
Energen Corporation Company Profile
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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