Energen Corporation (EGN) : Graham Capital Management scooped up 103,654 additional shares in Energen Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 357,475 shares of Energen Corporation which is valued at $19,017,670.Energen Corporation makes up approximately 3.97% of Graham Capital Management’s portfolio.
Other Hedge Funds, Including , Connor Clark Lunn Investment Management Ltd. sold out all of its stake in EGN during the most recent quarter. The investment firm sold 65,900 shares of EGN which is valued $3,505,880.Liberty Mutual Group Asset Management boosted its stake in EGN in the latest quarter, The investment management firm added 4,615 additional shares and now holds a total of 42,132 shares of Energen Corporation which is valued at $2,241,422. Energen Corporation makes up approx 0.08% of Liberty Mutual Group Asset Management’s portfolio.Cornerstone Capital Management Holdings. boosted its stake in EGN in the latest quarter, The investment management firm added 61,313 additional shares and now holds a total of 67,613 shares of Energen Corporation which is valued at $3,597,012. Energen Corporation makes up approx 0.03% of Cornerstone Capital Management Holdings.’s portfolio.Ameritas Investment Partners boosted its stake in EGN in the latest quarter, The investment management firm added 651 additional shares and now holds a total of 15,348 shares of Energen Corporation which is valued at $816,514. Energen Corporation makes up approx 0.05% of Ameritas Investment Partners’s portfolio.
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.