Energen Corp (EGN) Files Form 4 Insider Selling : J T Mcmanus Sells 15,000 Shares

Energen Corp (EGN): J T Mcmanus , Chairman and CEO of Energen Corp sold 15,000 shares on Jun 30, 2016. The Insider selling transaction was reported by the company on Jul 1, 2016 to the Securities and Exchange Commission. The shares were sold at $48.05 per share for a total value of $720,750.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 27, 2016, Magnus James Gorrie (director) purchased 1,000 shares at $47.26 per share price.On Jun 23, 2016, Alan A Kleier (director) purchased 500 shares at $48.60 per share price.Also, On Feb 25, 2016, Stephen A Snider (director) purchased 4,000 shares at $25.05 per share price.On Jun 24, 2015, William G Hargett (director) purchased 500 shares at $68.88 per share price.

Energen Corporation: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in Energen Corporation which led to swings in the share price. The shares opened for trading at $46.93 and hit $47.64 on the upside , eventually ending the session at $47.32, with a gain of 2.54% or 1.17 points. The heightened volatility saw the trading volume jump to 11,10,418 shares. The 52-week high of the share price is $69.11 and the company has a market cap of $4,593 M . The 52-week low of the share price is at $20.76.

Energen Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Energen Corporation is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 52 from a previous price target of $50 .The Rating was issued on Jun 22, 2016.Energen Corporation is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 55 from a previous price target of $53 .The Rating was issued on Jun 21, 2016.Energen Corporation is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 48 from a previous price target of $43 .The Rating was issued on Jun 21, 2016.Energen Corporation is Reiterated by Credit Suisse to Outperform and the brokerage firm has raised the Price Target to $ 57 from a previous price target of $48 .The Rating was issued on Jun 21, 2016.Energen Corporation is Initiated by Barclays to Equal Weight and the brokerage firm has set the Price Target at $50. The Rating was issued on Jun 21, 2016.

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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