Energen Co. (NYSE:EGN) Director Jonathan Z. Cohen purchased 17,500 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were purchased at an average cost of $57.36 per share, with a total value of $1,003,800.00. Following the completion of the purchase, the director now directly owns 17,500 shares in the company, valued at $1,003,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Energen Co. (NYSE EGN) opened at $58.05 on Tuesday. The stock has a market capitalization of $5,700.00, a P/E ratio of 96.75 and a beta of 1.60. The company has a quick ratio of 0.55, a current ratio of 0.59 and a debt-to-equity ratio of 0.23. Energen Co. has a fifty-two week low of $46.16 and a fifty-two week high of $60.07.
Energen (NYSE:EGN) last released its earnings results on Tuesday, February 20th. The oil and gas producer reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.22. The firm had revenue of $271.80 million for the quarter, compared to analyst estimates of $303.95 million. Energen had a return on equity of 2.27% and a net margin of 30.12%. The company’s revenue was up 137.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.27) EPS. equities research analysts forecast that Energen Co. will post 3.14 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its holdings in Energen by 0.6% in the 4th quarter. California State Teachers Retirement System now owns 163,242 shares of the oil and gas producer’s stock valued at $9,398,000 after buying an additional 952 shares during the last quarter. Flinton Capital Management LLC grew its holdings in Energen by 18.0% in the 4th quarter. Flinton Capital Management LLC now owns 6,384 shares of the oil and gas producer’s stock valued at $368,000 after buying an additional 976 shares during the last quarter. Baldwin Investment Management LLC grew its holdings in Energen by 11.1% in the 4th quarter. Baldwin Investment Management LLC now owns 10,513 shares of the oil and gas producer’s stock valued at $605,000 after buying an additional 1,050 shares during the last quarter. Amalgamated Bank grew its holdings in Energen by 6.1% in the 4th quarter. Amalgamated Bank now owns 18,862 shares of the oil and gas producer’s stock valued at $1,086,000 after buying an additional 1,090 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Energen by 5.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 21,071 shares of the oil and gas producer’s stock valued at $1,212,000 after buying an additional 1,155 shares during the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.
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Energen Company 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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