Energen Corporation (EGN) : Cramer Rosenthal Mcglynn reduced its stake in Energen Corporation by 11.71% during the most recent quarter end. The investment management company now holds a total of 1,677,218 shares of Energen Corporation which is valued at $89,227,998 after selling 222,435 shares in Energen Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Energen Corporation makes up approximately 1.38% of Cramer Rosenthal Mcglynn’s portfolio.
Other Hedge Funds, Including , Wellington Management Group Llp reduced its stake in EGN by selling 398,408 shares or 3.31% in the most recent quarter. The Hedge Fund company now holds 11,621,259 shares of EGN which is valued at $618,250,979. Energen Corporation makes up approx 0.15% of Wellington Management Group Llp’s portfolio. Loomis Sayles Co L P sold out all of its stake in EGN during the most recent quarter. The investment firm sold 4,757 shares of EGN which is valued $253,072.Canada Pension Plan Investment Board boosted its stake in EGN in the latest quarter, The investment management firm added 17,500 additional shares and now holds a total of 33,100 shares of Energen Corporation which is valued at $1,760,920. Energen Corporation makes up approx 0.01% of Canada Pension Plan Investment Board’s portfolio.River Road Asset Management reduced its stake in EGN by selling 191,678 shares or 53.2% in the most recent quarter. The Hedge Fund company now holds 168,603 shares of EGN which is valued at $8,740,380. Energen Corporation makes up approx 0.18% of River Road Asset Management’s portfolio.Huntington National Bank reduced its stake in EGN by selling 2,722 shares or 68.29% in the most recent quarter. The Hedge Fund company now holds 1,264 shares of EGN which is valued at $55,919.
Energen Corporation opened for trading at $57.22 and hit $58.53 on the upside on Thursday, eventually ending the session at $58.48, with a gain of 1.70% or 0.98 points. The heightened volatility saw the trading volume jump to 11,16,234 shares. Company has a market cap of $5,677 M.
On the company’s financial health, Energen Corporation reported $-0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.35. The company had revenue of $105.80 million for the quarter, compared to analysts expectations of $151.34 million. The company’s revenue was down -37.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.10 EPS.
Many Wall Street Analysts have commented on Energen Corporation. Williams Capital Group Initiated Energen Corporation on Aug 29, 2016 to “Buy”, Price Target of the shares are set at $68.Company shares were Reiterated by Barclays on Aug 16, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 60 from a previous price target of $52 .Company shares were Reiterated by RBC Capital Mkts on Aug 10, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 54 from a previous price target of $50 .
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.