Energen Corporation (EGN) Holdings Raised by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Energen Corporation (NYSE:EGN) by 38.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,293 shares of the oil and gas producer’s stock after acquiring an additional 1,474 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Energen Corporation were worth $261,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Morgan Stanley grew its holdings in Energen Corporation by 11.7% in the 1st quarter. Morgan Stanley now owns 226,536 shares of the oil and gas producer’s stock worth $12,333,000 after acquiring an additional 23,656 shares during the last quarter. CarVal Investors LLC bought a new stake in Energen Corporation in the 1st quarter worth $5,444,000. Janus Capital Management LLC grew its holdings in Energen Corporation by 60.5% in the 1st quarter. Janus Capital Management LLC now owns 56,000 shares of the oil and gas producer’s stock worth $3,049,000 after acquiring an additional 21,100 shares during the last quarter. Rafferty Asset Management LLC bought a new stake in Energen Corporation in the 1st quarter worth $909,000. Finally, Elliott Management Corp bought a new stake in Energen Corporation in the 1st quarter worth $46,274,000. 94.01% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on EGN shares. Wunderlich reissued a “buy” rating and issued a $83.00 price target on shares of Energen Corporation in a report on Wednesday, June 21st. Williams Capital raised their price target on shares of Energen Corporation from $72.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, June 20th. Stifel Nicolaus reissued a “buy” rating and issued a $81.00 price target on shares of Energen Corporation in a report on Friday, May 26th. Scotiabank reissued a “buy” rating and issued a $56.00 price target on shares of Energen Corporation in a report on Friday, June 30th. Finally, Morgan Stanley raised their price target on shares of Energen Corporation from $52.00 to $56.00 and gave the stock an “equal weight” rating in a report on Thursday, August 31st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $65.48.
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In other news, Director Alan A. Kleier purchased 1,000 shares of the stock in a transaction dated Friday, June 23rd. The shares were acquired at an average cost of $47.59 per share, for a total transaction of $47,590.00. Following the acquisition, the director now owns 1,500 shares of the company’s stock, valued at $71,385. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.
Shares of Energen Corporation (EGN) opened at 52.29 on Friday. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 82.74 and a beta of 1.94. Energen Corporation has a 1-year low of $46.16 and a 1-year high of $64.44. The company’s 50-day moving average is $50.63 and its 200 day moving average is $52.05.
Energen Corporation (NYSE:EGN) last released its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. Energen Corporation had a net margin of 7.75% and a negative return on equity of 1.74%. The business had revenue of $256.82 million for the quarter, compared to analysts’ expectations of $222.60 million. During the same period last year, the business earned ($0.28) EPS. The company’s revenue was up 142.8% compared to the same quarter last year. Equities analysts anticipate that Energen Corporation will post $0.40 EPS for the current year.
About Energen Corporation
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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