Energen Corporation (EGN) General Counsel Sells $142,525.00 in Stock
Energen Corporation (NYSE:EGN) General Counsel J David Woodruff, Jr. sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $57.01, for a total value of $142,525.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Energen Corporation (NYSE EGN) traded up $0.15 during mid-day trading on Monday, hitting $56.82. The company had a trading volume of 1,296,700 shares, compared to its average volume of 1,376,520. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.24. Energen Corporation has a one year low of $46.16 and a one year high of $64.44.
Energen Corporation (NYSE:EGN) last released its earnings results on Wednesday, November 8th. The oil and gas producer reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.05. The business had revenue of $191.50 million for the quarter, compared to analysts’ expectations of $242.81 million. Energen Corporation had a negative return on equity of 0.45% and a negative net margin of 1.17%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.22) earnings per share. analysts predict that Energen Corporation will post 0.4 EPS for the current year.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC increased its stake in Energen Corporation by 2.3% in the second quarter. HighTower Advisors LLC now owns 5,345 shares of the oil and gas producer’s stock valued at $264,000 after acquiring an additional 119 shares during the last quarter. Utah Retirement Systems grew its stake in shares of Energen Corporation by 1.1% during the second quarter. Utah Retirement Systems now owns 17,822 shares of the oil and gas producer’s stock valued at $880,000 after buying an additional 200 shares during the last quarter. Creative Planning grew its stake in shares of Energen Corporation by 8.0% during the second quarter. Creative Planning now owns 3,390 shares of the oil and gas producer’s stock valued at $167,000 after buying an additional 250 shares during the last quarter. Comerica Bank grew its stake in shares of Energen Corporation by 0.4% during the second quarter. Comerica Bank now owns 81,766 shares of the oil and gas producer’s stock valued at $4,191,000 after buying an additional 338 shares during the last quarter. Finally, Capstone Asset Management Co. grew its stake in shares of Energen Corporation by 4.0% during the second quarter. Capstone Asset Management Co. now owns 8,922 shares of the oil and gas producer’s stock valued at $440,000 after buying an additional 340 shares during the last quarter. 98.02% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have commented on the company. Citigroup Inc. boosted their price objective on Energen Corporation from $56.00 to $57.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. Zacks Investment Research lowered Energen Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Jefferies Group LLC assumed coverage on Energen Corporation in a report on Monday, October 9th. They set a “buy” rating and a $68.00 price objective for the company. Barclays PLC set a $57.00 price objective on Energen Corporation and gave the stock a “hold” rating in a report on Tuesday, August 15th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $59.00 price objective (up from $56.00) on shares of Energen Corporation in a report on Thursday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $65.48.
About Energen Corporation
Energen Corporation 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. Its operations are conducted through subsidiary, Energen Resources Corporation and occur within the Midland Basin, the Delaware Basin and the Central Basin Platform areas of the Permian Basin in west Texas and New Mexico.
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