Energen Co. (NYSE:EGN) Director Lori A. Lancaster acquired 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 transaction, the director now owns 1,000 shares of the company’s stock, valued at $57,790. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Energen Co. (NYSE:EGN) opened at $57.95 on Friday. Energen Co. has a 52 week low of $46.16 and a 52 week high of $60.07. The firm has a market capitalization of $5,632.86, a PE ratio of -526.82, a PEG ratio of 0.96 and a beta of 1.90. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.24.
Energen (NYSE:EGN) last issued its quarterly earnings results on Wednesday, November 8th. The oil and gas producer reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.05. Energen had a negative return on equity of 0.45% and a negative net margin of 1.17%. The business had revenue of $191.50 million for the quarter, compared to analyst estimates of $242.81 million. During the same quarter in the previous year, the firm earned ($0.22) earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. research analysts forecast that Energen Co. will post 0.5 EPS for the current fiscal year.
A number of research analysts recently weighed in on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $59.00 target price (up from $56.00) on shares of Energen in a report on Thursday, November 9th. Wells Fargo & Co started coverage on shares of Energen in a research note on Friday, December 1st. They set a “hold” rating for the company. Scotiabank reaffirmed a “buy” rating and set a $63.00 price objective on shares of Energen in a research note on Wednesday, November 22nd. Barclays raised shares of Energen from an “equal weight” rating to an “overweight” rating and set a $70.00 target price for the company in a research note on Monday, November 20th. Finally, Credit Suisse Group began coverage on shares of Energen in a research note on Monday, December 11th. They set a “neutral” rating and a $60.00 target price for the company. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $64.81.
Several hedge funds have recently modified their holdings of EGN. Cibc World Markets Corp boosted its position in Energen by 1,674.3% in the second quarter. Cibc World Markets Corp now owns 621,000 shares of the oil and gas producer’s stock valued at $30,659,000 after buying an additional 586,000 shares during the last quarter. Bank of Nova Scotia purchased a new stake in Energen in the second quarter valued at approximately $20,241,000. Scout Investments Inc. purchased a new stake in Energen in the third quarter valued at approximately $21,713,000. Highbridge Capital Management LLC purchased a new stake in Energen in the third quarter valued at approximately $15,830,000. Finally, Caxton Associates LP purchased a new stake in Energen in the second quarter valued at approximately $13,911,000. Institutional investors and hedge funds own 96.05% of the company’s stock.
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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