Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Energen Co. (NYSE:EGN) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 98,900 shares of the oil and gas producer’s stock, valued at approximately $5,694,000. Caisse DE Depot ET Placement DU Quebec owned approximately 0.10% of Energen as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. SeaCrest Wealth Management LLC purchased a new position in Energen during the fourth quarter valued at approximately $109,000. Amundi Pioneer Asset Management Inc. purchased a new position in Energen during the fourth quarter valued at approximately $115,000. Cerebellum GP LLC purchased a new position in Energen during the fourth quarter valued at approximately $125,000. Calton & Associates Inc. purchased a new position in Energen during the fourth quarter valued at approximately $185,000. Finally, ZWJ Investment Counsel Inc. purchased a new position in Energen during the fourth quarter valued at approximately $201,000. 93.58% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Chairman J T. Mcmanus sold 3,116 shares of the business’s stock in a transaction on Monday, March 26th. The shares were sold at an average price of $58.06, for a total value of $180,914.96. Following the completion of the sale, the chairman now directly owns 115,794 shares in the company, valued at $6,722,999.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan Z. Cohen acquired 17,500 shares of Energen stock in a transaction dated Friday, March 9th. The stock was purchased at an average price of $57.36 per share, with a total value of $1,003,800.00. Following the completion of the purchase, the director now directly owns 17,500 shares of the company’s stock, valued at approximately $1,003,800. The disclosure for this purchase can be found here. 1.05% of the stock is currently owned by insiders.
A number of brokerages recently commented on EGN. Credit Suisse Group began coverage on shares of Energen in a research report on Monday, December 11th. They set a “neutral” rating and a $60.00 price objective on the stock. Imperial Capital reaffirmed an “outperform” rating and set a $72.00 price objective (up from $68.00) on shares of Energen in a research report on Wednesday, February 21st. Deutsche Bank initiated coverage on shares of Energen in a research report on Thursday, February 1st. They set a “buy” rating and a $70.00 price objective on the stock. Seaport Global Securities upgraded shares of Energen from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. Finally, Stephens reiterated a “buy” rating and issued a $74.00 target price on shares of Energen in a research note on Thursday, March 15th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Energen has a consensus rating of “Buy” and an average target price of $68.00.
Shares of Energen stock traded down $1.38 on Monday, reaching $61.48. The stock had a trading volume of 707,852 shares, compared to its average volume of 1,063,399. The company has a current ratio of 0.59, a quick ratio of 0.55 and a debt-to-equity ratio of 0.23. Energen Co. has a fifty-two week low of $46.16 and a fifty-two week high of $63.29. The stock has a market capitalization of $6,122.86, a price-to-earnings ratio of 81.97 and a beta of 1.41.
Energen (NYSE:EGN) last issued its quarterly earnings data on Tuesday, February 20th. The oil and gas producer reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.22. Energen had a net margin of 30.12% and a return on equity of 2.27%. The business had revenue of $271.80 million during the quarter, compared to analysts’ expectations of $303.95 million. During the same period in the previous year, the company earned ($0.27) earnings per share. Energen’s revenue for the quarter was up 137.3% on a year-over-year basis. research analysts predict that Energen Co. will post 3.17 earnings per share for the current year.
Energen Corporation is an oil and natural gas exploration and production company. The Company is engaged in the exploration, development and production of oil and natural gas properties and natural gas. Its operations are conducted through subsidiary, Energen Resources Corporation and occur within the Midland Basin, the Delaware Basin and the Central Basin Platform areas of the Permian Basin in west Texas and New Mexico.
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