Ameritas Investment Partners Inc. Grows Holdings in Energen Corporation (EGN)

Ameritas Investment Partners Inc. grew its stake in Energen Corporation (NYSE:EGN) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,447 shares of the oil and gas producer’s stock after buying an additional 433 shares during the period. Ameritas Investment Partners Inc.’s holdings in Energen Corporation were worth $2,194,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in EGN. Karp Capital Management Corp purchased a new position in Energen Corporation in the 1st quarter worth approximately $627,000. Credit Agricole S A grew its stake in Energen Corporation by 23.4% in the 1st quarter. Credit Agricole S A now owns 18,592 shares of the oil and gas producer’s stock worth $1,012,000 after buying an additional 3,527 shares in the last quarter. Principal Financial Group Inc. grew its stake in Energen Corporation by 3.8% in the 1st quarter. Principal Financial Group Inc. now owns 397,564 shares of the oil and gas producer’s stock worth $21,644,000 after buying an additional 14,577 shares in the last quarter. Advantus Capital Management Inc grew its stake in Energen Corporation by 3.0% in the 1st quarter. Advantus Capital Management Inc now owns 12,428 shares of the oil and gas producer’s stock worth $677,000 after buying an additional 364 shares in the last quarter. Finally, Laurion Capital Management LP purchased a new position in Energen Corporation in the 1st quarter worth approximately $229,000. 94.01% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on EGN shares. Citigroup Inc. boosted their price target on shares of Energen Corporation from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Friday, July 21st. BidaskClub cut shares of Energen Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Morgan Stanley boosted their price target on shares of Energen Corporation from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 31st. Barclays PLC boosted their price target on shares of Energen Corporation from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Zacks Investment Research raised shares of Energen Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $66.00.

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Energen Corporation (NYSE:EGN) traded up 0.30% during midday trading on Friday, reaching $53.32. 114,627 shares of the company were exchanged. Energen Corporation has a 52 week low of $46.16 and a 52 week high of $64.44. The company has a 50-day moving average of $52.48 and a 200 day moving average of $52.27. The firm has a market capitalization of $5.18 billion, a PE ratio of 84.37 and a beta of 1.95.

Energen Corporation (NYSE:EGN) last released its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Energen Corporation had a negative return on equity of 1.74% and a net margin of 7.75%. The business had revenue of $256.82 million during the quarter, compared to the consensus estimate of $222.60 million. During the same period last year, the company earned ($0.28) earnings per share. The business’s revenue for the quarter was up 142.8% compared to the same quarter last year. Equities analysts predict that Energen Corporation will post $0.42 earnings per share for the current year.

Energen Corporation Profile

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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Institutional Ownership by Quarter for Energen Corporation (NYSE:EGN)

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