Alyeska Investment Group L.P. increased its stake in Energen Co. (NYSE:EGN) by 86.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 396,708 shares of the oil and gas producer’s stock after purchasing an additional 184,416 shares during the quarter. Alyeska Investment Group L.P. owned approximately 0.41% of Energen worth $21,692,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Cadence Capital Management LLC bought a new stake in shares of Energen in the 3rd quarter worth approximately $203,000. BB&T Securities LLC bought a new stake in shares of Energen in the 3rd quarter worth approximately $206,000. Boothbay Fund Management LLC bought a new stake in shares of Energen in the 3rd quarter worth approximately $209,000. Ironwood Investment Counsel LLC bought a new stake in shares of Energen in the 3rd quarter worth approximately $219,000. Finally, Optimum Investment Advisors bought a new stake in shares of Energen in the 2nd quarter worth approximately $228,000. 96.11% of the stock is currently owned by institutional investors.
In other news, General Counsel J David Woodruff, Jr. sold 2,500 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $57.01, for a total transaction of $142,525.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by insiders.
A number of equities research analysts recently commented on the stock. Wells Fargo & Company assumed coverage on shares of Energen in a report on Friday, December 1st. They issued a “hold” rating on the stock. Scotiabank reaffirmed a “buy” rating and issued a $63.00 price target on shares of Energen in a report on Wednesday, November 22nd. Barclays raised shares of Energen from an “equal weight” rating to an “overweight” rating and set a $70.00 price target on the stock in a report on Monday, November 20th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $59.00 price target (up previously from $56.00) on shares of Energen in a report on Thursday, November 9th. Finally, Zacks Investment Research cut shares of Energen from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $66.17.
Energen Co. (NYSE EGN) traded up $0.42 on Monday, hitting $54.35. 412,600 shares of the stock were exchanged, compared to its average volume of 1,325,055. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 0.24. Energen Co. has a 12-month low of $46.16 and a 12-month high of $63.06.
Energen (NYSE:EGN) last released its quarterly earnings results on Wednesday, November 8th. The oil and gas producer reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. The firm had revenue of $191.50 million during the quarter, compared to analyst estimates of $242.81 million. Energen had a negative net margin of 1.17% and a negative return on equity of 0.45%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.22) EPS. sell-side analysts forecast that Energen Co. will post 0.47 EPS for the current fiscal year.
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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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