EGN has been the topic of several other reports. Credit Suisse Group assumed coverage on shares of Energen in a research note on Monday, December 11th. They set a neutral rating and a $60.00 price objective on the stock. Zacks Investment Research raised shares of Energen from a hold rating to a buy rating and set a $60.00 price objective on the stock in a research note on Thursday, October 12th. Stifel Nicolaus set a $80.00 price objective on shares of Energen and gave the stock a buy rating in a research note on Thursday, October 5th. JPMorgan Chase & Co. cut shares of Energen from a neutral rating to an underweight rating and set a $57.00 price objective on the stock. in a research note on Friday, December 15th. Finally, Wells Fargo & Co assumed coverage on shares of Energen in a research note on Friday, December 1st. They set a hold rating on the stock. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $64.95.
Energen (EGN) traded up $0.07 during midday trading on Tuesday, reaching $57.48. 2,330,000 shares of the company were exchanged, compared to its average volume of 712,416. The company has a market capitalization of $5,590.00, a PE ratio of -522.55, a P/E/G ratio of 0.92 and a beta of 1.90. Energen has a twelve month low of $46.16 and a twelve month high of $60.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.53 and a current ratio of 0.58.
In other news, 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 shares were sold at an average price of $57.01, for a total transaction of $142,525.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lori A. Lancaster bought 1,000 shares of Energen stock in a transaction dated Friday, December 22nd. The shares were bought at an average price of $57.79 per share, for a total transaction of $57,790.00. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $57,790. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in EGN. Cadence Capital Management LLC acquired a new position in Energen in the third quarter valued at approximately $203,000. BB&T Securities LLC acquired a new position in Energen in the third quarter valued at approximately $206,000. Boothbay Fund Management LLC acquired a new position in Energen in the third quarter valued at approximately $209,000. Ironwood Investment Counsel LLC acquired a new position in Energen in the third quarter valued at approximately $219,000. Finally, Optimum Investment Advisors acquired a new position in Energen in the second quarter valued at approximately $228,000. Institutional investors and hedge funds own 96.05% of the company’s stock.
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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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