Arosa Capital Management Lp buys $40,762,722 stake in Energen Corporation (EGN)

Energen Corporation (EGN) : Arosa Capital Management Lp scooped up 432,120 additional shares in Energen Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 742,220 shares of Energen Corporation which is valued at $40,762,722.Energen Corporation makes up approximately 7.63% of Arosa Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Shelton Capital Management sold out all of its stake in EGN during the most recent quarter. The investment firm sold 7,013 shares of EGN which is valued $385,154.Keybank National Associationoh reduced its stake in EGN by selling 3,203 shares or 6.2% in the most recent quarter. The Hedge Fund company now holds 48,444 shares of EGN which is valued at $2,709,957. Energen Corporation makes up approx 0.02% of Keybank National Associationoh’s portfolio.Blackrock Group Ltd boosted its stake in EGN in the latest quarter, The investment management firm added 3,227 additional shares and now holds a total of 292,436 shares of Energen Corporation which is valued at $15,633,629. Energen Corporation makes up approx 0.01% of Blackrock Group Ltd’s portfolio.Aperio Group boosted its stake in EGN in the latest quarter, The investment management firm added 795 additional shares and now holds a total of 11,490 shares of Energen Corporation which is valued at $560,827.Commonwealth Equity Services Inc reduced its stake in EGN by selling 4,390 shares or 15.34% in the most recent quarter. The Hedge Fund company now holds 24,232 shares of EGN which is valued at $1,275,330. Energen Corporation makes up approx 0.01% of Commonwealth Equity Services Inc’s portfolio.

Energen Corporation opened for trading at $56.58 and hit $57.63 on the upside on Monday, eventually ending the session at $56.52, with a gain of 0.23% or 0.13 points. The heightened volatility saw the trading volume jump to 4,99,551 shares. Company has a market cap of $5,487 M.

On the company’s financial health, Energen Corporation reported $-0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $-0.26. The company had revenue of $184.39 million for the quarter, compared to analysts expectations of $159.16 million. The company’s revenue was down -37.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.41 EPS.

Many Wall Street Analysts have commented on Energen Corporation. Energen Corporation was Upgraded by KLR Group to ” Buy” on Nov 7, 2016. Company shares were Reiterated by Nomura on Oct 13, 2016 to “Buy”, Firm has raised the Price Target to $ 65 from a previous price target of $54 .Canaccord Genuity Initiated Energen Corporation on Sep 19, 2016 to “Buy”, Price Target of the shares are set at $66.

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.

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