Energen Corporation (EGN) : Traders are bullish on Energen Corporation (EGN) as it has outperformed the S&P 500 by a wide margin of 14.85% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.94%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.46% in the last 1 week, and is up 14.7% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 7.74% and the 50-Day Moving Average is 17.82%.The 200 Day SMA reached 39.85%. Energen Corp. is up 23.41% in the last 3-month period. Year-to-Date the stock performance stands at 45.06%.
Energen Corporation (NYSE:EGN): After opening at $59.42, the stock dipped to an intraday low of $58.86 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $60 and the buying power remained strong till the end. The stock closed at $59.46 for the day, a gain of 1.68% for the day session. The total traded volume was 702,000. The stocks close on the previous trading day was $58.48.
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.