Energen Corporation (NYSE:EGN) has climbed 1.97% in the past week and advanced 8.04% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.19% and the outperformance has advanced to 7.05% for the last 4 weeks period.
Energen Corporation (NYSE:EGN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.60 and $45.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.19, notching a gain of 5.05% for the day. The total traded volume was 1,745,679 . The stock had closed at $44.92 on the previous day.
The company shares have dropped -29.40% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $69.86 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $44.80 and the 200 Day Moving Average price is recorded at $38.57.
On the companys insider trading activities, Snider Stephen A, director of Energen Corp, executed a transaction worth $100,200 on February 23, 2016. A total of 4,000 shares were purchased at an average price of $25.05. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Stifel Nicolaus initiates coverage on Energen Corporation (NYSE:EGN) The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency announces the price target to $55 per share. The rating by the firm was issued on June 17, 2016. Currently the company Insiders own 1.02% of Energen Corporation shares according to the proxy statements. Institutional Investors own 96.11% of Energen Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 12.62%.
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.