Energen Corporation (NYSE:EGN) has risen sharply, recording gains of 2.61% in the past 4 weeks. However, the stock has corrected -1.12% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.98% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have dropped -23.67% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $64.17 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $47.12 and the 200 Day Moving Average price is recorded at $38.03.
The stock has recorded a 20-day Moving Average of 0.9% and the 50-Day Moving Average is 4.43%.
Energen Corporation (NYSE:EGN): stock turned positive on Friday. Though the stock opened at $47.55, the bulls momentum made the stock top out at $48.01 level for the day. The stock recorded a low of $46.71 and closed the trading day at $47.49, in the green by 1.67%. The total traded volume for the day was 929,917. The stock had closed at $46.71 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Mcmanus J T, Director Officer (Chairman And Ceo) of ENERGEN CORP, had unloaded 15,000 shares at an average price of $48.05 in a transaction dated on June 30, 2016. The total value of the transaction was worth $720,750.
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.