The stock of Energen Corporation (NYSE:EGN) is a huge mover today! About 364,629 shares traded hands. Energen Corporation (NYSE:EGN) has risen 96.08% since March 2, 2016 and is uptrending. It has outperformed by 87.82% the S&P500.
The move comes after 6 months positive chart setup for the $5.54B company. It was reported on Oct, 5 by Barchart.com. We have $71.26 PT which if reached, will make NYSE:EGN worth $1.22 billion more.
Analysts await Energen Corporation (NYSE:EGN) to report earnings on November, 3. They expect $-0.26 EPS, down 172.22% or $0.62 from last year’s $0.36 per share. After $-0.28 actual EPS reported by Energen Corporation for the previous quarter, Wall Street now forecasts -7.14% EPS growth.
Energen Corporation (NYSE:EGN) Ratings Coverage
Out of 27 analysts covering Energen Corporation (NYSE:EGN), 18 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 67% are positive. Energen Corporation has been the topic of 59 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Tudor Pickering given on Friday, September 16. Citigroup maintained the shares of EGN in a report on Thursday, August 11 with “Neutral” rating. The firm has “Buy” rating given on Wednesday, October 14 by Deutsche Bank. The stock of Energen Corporation (NYSE:EGN) has “Buy” rating given on Monday, September 19 by Canaccord Genuity. The rating was maintained by Topeka Capital Markets with “Buy” on Friday, November 6. The stock of Energen Corporation (NYSE:EGN) has “Buy” rating given on Tuesday, May 10 by Seaport Global. Barclays Capital maintained it with “Equal-Weight” rating and $60 target price in Tuesday, August 16 report. Howard Weil maintained Energen Corporation (NYSE:EGN) rating on Monday, November 30. Howard Weil has “Sector Outperform” rating and $70 price target. Deutsche Bank maintained Energen Corporation (NYSE:EGN) on Wednesday, August 10 with “Hold” rating. Citigroup maintained the stock with “Neutral” rating in Monday, July 18 report.
According to Zacks Investment Research, “ENERGEN CORP is a diversified energy holding company engaged in natural gas distribution and oil and natural gas exploration and production activities. The Corporation’s utility subsidiary, Alabama Gas Corporation, is the largest natural gas distribution utility in the State of Alabama. The Corporation’s oil and gas exploration and production activities are conducted by its subsidiary, Taurus Exploration, Inc. and its subsidiary.”
Insitutional Activity: The institutional sentiment decreased to 1.16 in 2016 Q2. Its down 0.07, from 1.23 in 2016Q1. The ratio fall, as 36 funds sold all Energen Corporation shares owned while 80 reduced positions. 41 funds bought stakes while 94 increased positions. They now own 90.11 million shares or 2.67% less from 92.59 million shares in 2016Q1.
Morgan Stanley accumulated 168,150 shares or 0% of the stock. The Illinois-based Guggenheim Capital Llc has invested 0% in Energen Corporation (NYSE:EGN). Pnc Finance Service Grp has 47,800 shares for 0% of their US portfolio. Avalon Advisors Ltd Liability Company accumulated 0.03% or 14,659 shares. Flippin Bruce & Porter last reported 12,000 shares in the company. Royal Commercial Bank Of Canada has 0% invested in the company for 17,010 shares. Pointstate Cap Lp, a New York-based fund reported 1.60 million shares. Advisors Asset Mngmt Incorporated owns 2,500 shares or 0% of their US portfolio. Parametric Port Associates Ltd Liability Corporation holds 0.01% of its portfolio in Energen Corporation (NYSE:EGN) for 118,424 shares. Blackrock Fund Advsrs, a California-based fund reported 3.53 million shares. Bamco Ny accumulated 27,566 shares or 0.01% of the stock. Schwab Charles Management, a California-based fund reported 314,420 shares. Northern Trust accumulated 803,976 shares or 0.01% of the stock. Rothschild Asset Mgmt Incorporated has 0.23% invested in the company for 262,894 shares. Oregon Pub Employees Retirement Fund owns 40,174 shares or 0.04% of their US portfolio.
Insider Transactions: Since June 30, 2016, the stock had 0 buys, and 2 selling transactions for $1.26 million net activity. $537,157 worth of Energen Corporation (NYSE:EGN) was sold by MCMANUS J T.
More recent Energen Corporation (NYSE:EGN) news were published by: Businesswire.com which released: “Energen Investor Community Meetings Slated for October 3-4” on September 30, 2016. Also Fool.com published the news titled: “Energen Corporation Has What Other Oil Companies Can Only Dream Of” on September 30, 2015. Fool.com‘s news article titled: “Why Energen Corporation’s Shares Dropped in January” with publication date: February 08, 2016 was also an interesting one.
EGN Company Profile
Energen Corporation (Energen), incorporated on October 26, 1978, is an oil and natural gas exploration and production company. The Firm is engaged in the exploration, development and production of oil and natural gas properties and natural gas in the Permian Basin in west Texas and the San Juan Basin in New Mexico. The Firm is focused on increasing its oil, natural gas liquids and natural gas production and proved reserves through active development and/or exploratory programs in the Permian Basin. All of its reserves are located in the Permian Basin in west Texas, and the San Juan Basin in New Mexico. Oil, natural gas liquids and natural gas represent approximately 60%, 20% and 20%, respectively, of Energen’s reserves. The Company’s activities are conducted through its subsidiary, Energen Resources Corporation (Energen Resources).
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