Energen Corporation (EGN) : Kinsight added new position in Energen Corporation during the most recent quarter end. The investment management firm now holds 9,365 shares of Energen Corporation which is valued at $395,016 , the company said in a statement filed on May 12, 2016 with the SEC.Energen Corporation makes up approximately 0.23% of Kinsight’s portfolio.
Other Hedge Funds, Including , Ameritas Investment Partners boosted its stake in EGN in the latest quarter, The investment management firm added 2,878 additional shares and now holds a total of 14,697 shares of Energen Corporation which is valued at $619,919. Energen Corporation makes up approx 0.04% of Ameritas Investment Partners’s portfolio.Rs Investment Management Co boosted its stake in EGN in the latest quarter, The investment management firm added 701,783 additional shares and now holds a total of 821,083 shares of Energen Corporation which is valued at $34.6 Million. Energen Corporation makes up approx 0.34% of Rs Investment Management Co’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in EGN in the latest quarter, The investment management firm added 4,632 additional shares and now holds a total of 59,306 shares of Energen Corporation which is valued at $2.5 Million. Energen Corporation makes up approx 0.05% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Great West Life Assurance Co Can reduced its stake in EGN by selling 10,867 shares or 57.6% in the most recent quarter. The Hedge Fund company now holds 8,000 shares of EGN which is valued at $339,920.
Energen Corporation opened for trading at $43.55 and hit $44.23 on the upside on Friday, eventually ending the session at $43.68, with a gain of 0.85% or 0.37 points. The heightened volatility saw the trading volume jump to 13,86,926 shares. Company has a market cap of $4,239,974 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 JP Morgan to ” Overweight” on May 13, 2016. 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 .
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.