Franklin Resources Inc. grew its holdings in shares of Energen Corporation (NYSE:EGN) by 26.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,240,582 shares of the oil and gas producer’s stock after buying an additional 255,875 shares during the period. Franklin Resources Inc. owned approximately 1.28% of Energen Corporation worth $61,248,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the business. Teacher Retirement System of Texas boosted its holdings in shares of Energen Corporation by 1.4% during the 1st quarter. Teacher Retirement System of Texas now owns 7,761 shares of the oil and gas producer’s stock worth $423,000 after buying an additional 110 shares in the last quarter. World Asset Management Inc boosted its holdings in shares of Energen Corporation by 1.8% during the 1st quarter. World Asset Management Inc now owns 6,588 shares of the oil and gas producer’s stock worth $359,000 after buying an additional 114 shares in the last quarter. Utah Retirement Systems boosted its holdings in shares of Energen Corporation by 1.1% during the 2nd quarter. Utah Retirement Systems now owns 17,822 shares of the oil and gas producer’s stock worth $880,000 after buying an additional 200 shares in the last quarter. Creative Planning boosted its holdings in shares of Energen Corporation by 8.0% during the 2nd quarter. Creative Planning now owns 3,390 shares of the oil and gas producer’s stock worth $167,000 after buying an additional 250 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Energen Corporation by 0.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 47,789 shares of the oil and gas producer’s stock worth $2,601,000 after buying an additional 273 shares in the last quarter. Hedge funds and other institutional investors own 94.01% of the company’s stock.
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In other Energen Corporation news, Director Alan A. Kleier purchased 1,000 shares of the stock in a transaction dated Friday, June 23rd. The shares were purchased at an average cost of $47.59 per share, with a total value of $47,590.00. Following the completion of the acquisition, the director now directly owns 1,500 shares in the company, valued at approximately $71,385. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.
A number of equities analysts have issued reports on the company. Scotiabank restated a “buy” rating and set a $56.00 price target on shares of Energen Corporation in a report on Friday, June 30th. Wunderlich reiterated a “buy” rating and issued a $83.00 target price on shares of Energen Corporation in a report on Wednesday, June 21st. Seaport Global Securities cut Energen Corporation from a “neutral” rating to a “sell” rating and cut their target price for the stock from $61.00 to $38.00 in a report on Wednesday, June 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $81.00 target price on shares of Energen Corporation in a report on Friday, May 26th. Finally, J P Morgan Chase & Co cut Energen Corporation from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $60.00 to $53.00 in a report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $65.48.
Shares of Energen Corporation (EGN) opened at 52.29 on Friday. Energen Corporation has a 12 month low of $46.16 and a 12 month high of $64.44. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 82.74 and a beta of 1.94. The stock’s 50 day moving average price is $50.63 and its 200 day moving average price is $52.05.
Energen Corporation (NYSE:EGN) last announced its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The firm had revenue of $256.82 million for the quarter, compared to the consensus estimate of $222.60 million. Energen Corporation had a negative return on equity of 1.74% and a net margin of 7.75%. The company’s quarterly revenue was up 142.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.28) earnings per share. Analysts expect that Energen Corporation will post $0.40 EPS for the current year.
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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