Alta Advisers Ltd buys $5,852,387 stake in Energen Corporation (EGN)

Energen Corporation (EGN) : Alta Advisers Ltd scooped up 86,804 additional shares in Energen Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 145,618 shares of Energen Corporation which is valued at $5,852,387.Energen Corporation makes up approximately 4.47% of Alta Advisers Ltd’s portfolio.

Other Hedge Funds, Including , Scout Investments sold out all of its stake in EGN during the most recent quarter. The investment firm sold 260,836 shares of EGN which is valued $10,482,999.Retirement Systems Of Alabama boosted its stake in EGN in the latest quarter, The investment management firm added 53,894 additional shares and now holds a total of 277,146 shares of Energen Corporation which is valued at $11,775,934. Energen Corporation makes up approx 0.07% of Retirement Systems Of Alabama’s portfolio. Quadrant Capital Group sold out all of its stake in EGN during the most recent quarter. The investment firm sold 27 shares of EGN which is valued $1,147.

Energen Corporation opened for trading at $39.43 and hit $40.72 on the upside on Tuesday, eventually ending the session at $40.5, with a gain of 4.25% or 1.65 points. The heightened volatility saw the trading volume jump to 27,31,099 shares. Company has a market cap of $3,931 M.

On the company’s financial health, Energen Corporation reported $-0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.67. The company had revenue of $128.22 million for the quarter, compared to analysts expectations of $123.89 million. The company’s revenue was down -42.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on Energen Corporation. Energen Corporation was Upgraded by Susquehanna to ” Positive” on May 11, 2016. Company shares were Upgraded by Seaport Global Securities on May 10, 2016 to ” Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $36 .Company shares were Reiterated by Wunderlich on May 9, 2016 to “Buy”, Firm has raised the Price Target to $ 53 from a previous price target of $43 .

Energen Corporation (Energen) is an oil and gas exploration and production company with headquarters in Birmingham Alabama. The Company has 1.1 billion barrels of oil-equivalent proved probable and possible reserves and another 2.2 billion barrels of oil-equivalent contingent resources. These all-domestic reserves and resources are located primarily in the Permian Basin in west Texas. Energen also has operations in the San Juan Basin in northern New Mexico.

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