Energen Co. (NYSE:EGN) insider John S. Richardson sold 6,500 shares of the stock in a transaction on Friday, March 17th. The shares were sold at an average price of $52.20, for a total value of $339,300.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
John S. Richardson also recently made the following trade(s):
- On Wednesday, February 15th, John S. Richardson sold 3,733 shares of Energen stock. The shares were sold at an average price of $57.11, for a total value of $213,191.63.
Energen Co. (NYSE:EGN) traded down 0.80% during midday trading on Monday, reaching $51.84. The company’s stock had a trading volume of 634,474 shares. The stock’s 50 day moving average price is $53.36 and its 200-day moving average price is $55.72. Energen Co. has a one year low of $31.73 and a one year high of $64.43. The stock’s market cap is $5.04 billion.
Energen (NYSE:EGN) last posted its quarterly earnings results on Thursday, February 9th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.21) by $0.06. Energen had a negative net margin of 31.43% and a negative return on equity of 4.19%. The business earned $114.52 million during the quarter, compared to analysts’ expectations of $156.01 million. During the same period in the previous year, the company posted $0.27 earnings per share. Energen’s revenue for the quarter was down 40.6% compared to the same quarter last year. On average, analysts forecast that Energen Co. will post $0.60 EPS for the current fiscal year.
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A number of large investors have recently bought and sold shares of the stock. Boston Partners raised its stake in Energen by 63.7% in the third quarter. Boston Partners now owns 8,491,220 shares of the company’s stock valued at $490,114,000 after buying an additional 3,303,337 shares during the last quarter. BlackRock Fund Advisors raised its stake in Energen by 3.8% in the third quarter. BlackRock Fund Advisors now owns 3,668,208 shares of the company’s stock valued at $211,729,000 after buying an additional 134,768 shares during the last quarter. Victory Capital Management Inc. raised its stake in Energen by 33.3% in the third quarter. Victory Capital Management Inc. now owns 2,308,249 shares of the company’s stock valued at $133,233,000 after buying an additional 576,299 shares during the last quarter. Prudential Financial Inc. raised its stake in Energen by 581.9% in the third quarter. Prudential Financial Inc. now owns 896,856 shares of the company’s stock valued at $51,767,000 after buying an additional 765,330 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Energen by 2.8% in the third quarter. Northern Trust Corp now owns 826,573 shares of the company’s stock valued at $47,711,000 after buying an additional 22,597 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors.
Several equities analysts have recently weighed in on EGN shares. Credit Suisse Group AG increased their price target on Energen from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Tuesday, November 22nd. Iberia Capital set a $81.00 price target on Energen and gave the company a “buy” rating in a report on Tuesday, December 13th. Drexel Hamilton reissued a “buy” rating and set a $71.00 price target on shares of Energen in a report on Wednesday, December 21st. Zacks Investment Research raised Energen from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Tuesday, February 14th. Finally, Argus raised Energen from a “hold” rating to a “buy” rating in a report on Friday, February 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the company. Energen has an average rating of “Buy” and a consensus target price of $64.61.
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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