Public Employees Retirement Association of Colorado reduced its position in shares of Energen Co. (NYSE:EGN) by 0.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,546 shares of the oil and gas producer’s stock after selling 164 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Energen were worth $1,064,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in EGN. Flinton Capital Management LLC bought a new position in Energen during the fourth quarter valued at $153,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Energen by 14.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,013 shares of the oil and gas producer’s stock valued at $174,000 after buying an additional 379 shares during the period. Cigna Investments Inc. New bought a new position in Energen during the fourth quarter valued at $208,000. Investment Counselors of Maryland LLC raised its position in Energen by 22.6% in the first quarter. Investment Counselors of Maryland LLC now owns 3,711 shares of the oil and gas producer’s stock valued at $202,000 after buying an additional 685 shares during the period. Finally, Sicart Associates LLC bought a new position in Energen during the fourth quarter valued at $231,000. 92.70% of the stock is currently owned by institutional investors and hedge funds.
Energen Co. (NYSE:EGN) traded down 2.21% during mid-day trading on Thursday, hitting $55.64. The stock had a trading volume of 1,408,454 shares. Energen Co. has a 12 month low of $43.29 and a 12 month high of $64.43. The firm’s 50-day moving average is $53.72 and its 200 day moving average is $55.12. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 78.81 and a beta of 1.91.
Energen (NYSE:EGN) last released its earnings results on Thursday, May 4th. The oil and gas producer reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.01. Energen had a negative return on equity of 4.19% and a negative net margin of 31.43%. The firm had revenue of $240.90 million during the quarter, compared to analysts’ expectations of $166.69 million. During the same period in the prior year, the business earned ($0.64) earnings per share. The business’s quarterly revenue was up 87.9% compared to the same quarter last year. Equities analysts anticipate that Energen Co. will post $0.62 EPS for the current fiscal year.
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Several research analysts have weighed in on the company. TheStreet raised Energen from a “d+” rating to a “c-” rating in a research report on Thursday, May 4th. Canaccord Genuity reaffirmed a “buy” rating and set a $72.00 price target on shares of Energen in a research report on Thursday, February 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 price target on shares of Energen in a research report on Thursday, April 13th. Argus raised Energen from a “hold” rating to a “buy” rating in a research report on Friday, February 24th. Finally, Zacks Investment Research lowered Energen from a “buy” rating to a “hold” rating in a research report on Tuesday, April 4th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Energen currently has an average rating of “Buy” and a consensus target price of $68.94.
In other news, insider John S. Richardson sold 6,500 shares of the firm’s stock in a transaction on Friday, March 17th. The stock was sold at an average price of $52.20, for a total value of $339,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Charles W. Porter sold 6,000 shares of the firm’s stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $54.60, for a total value of $327,600.00. The disclosure for this sale can be found here. 1.02% of the stock is owned by company insiders.
Energen Company Profile
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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