Energen Corporation (EGN) : Simplex Trading scooped up 6,676 additional shares in Energen Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 25,240 shares of Energen Corporation which is valued at $1,441,961.Energen Corporation makes up approximately 0.19% of Simplex Trading’s portfolio.
Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in EGN by selling 33,150 shares or 76.79% in the most recent quarter. The Hedge Fund company now holds 10,021 shares of EGN which is valued at $584,425. Washington Trust Bank added EGN to its portfolio by purchasing 11 company shares during the most recent quarter which is valued at $642.
Energen Corporation closed down -1.21 points or -2.07% at $57.13 with 14,96,279 shares getting traded on Friday. Post opening the session at $58.89, the shares hit an intraday low of $57.04 and an intraday high of $59.98 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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. Canaccord Genuity Initiated Energen Corporation on Sep 19, 2016 to “Buy”, Price Target of the shares are set at $66.Energen Corporation was Upgraded by Tudor Pickering to ” Buy” on Sep 16, 2016. Williams Capital Group Initiated Energen Corporation on Aug 29, 2016 to “Buy”, Price Target of the shares are set at $68.
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.