Today’s Ownership Action: Energen Corp (NYSE:EGN) Institutional Investors Q2 2016 Sentiment

November 30, 2016 - By Ellis Scott   ·   0 Comments

Today's Ownership Action: Energen Corp (NYSE:EGN) Institutional Investors  Q2 2016 Sentiment

Sentiment for Energen Corp (NYSE:EGN)

Energen Corp (NYSE:EGN) institutional sentiment decreased to 1.09 in Q2 2016. Its down -0.07, from 1.16 in 2016Q1. The ratio turned negative, as 135 investment professionals increased and started new equity positions, while 116 trimmed and sold holdings in Energen Corp. The investment professionals in our partner’s database now have: 90.11 million shares, down from 92.59 million shares in 2016Q1. Also, the number of investment professionals holding Energen Corp in their top 10 equity positions increased from 4 to 5 for an increase of 1. Sold All: 36 Reduced: 80 Increased: 94 New Position: 41.

Energen Corporation is an oil and natural gas exploration and production company. The company has a market cap of $5.01 billion. The Firm is engaged in the exploration, development and production of oil and natural gas properties and natural gas in the Permian Basin in west Texas and the San Juan Basin in New Mexico. It currently has negative earnings. It is focused on increasing its oil, natural gas liquids and natural gas production and proved reserves through active development and/or exploratory programs in the Permian Basin.

About 375 shares traded hands. Energen Corporation (NYSE:EGN) has risen 19.53% since April 27, 2016 and is uptrending. It has outperformed by 14.31% the S&P500.

Analysts await Energen Corporation (NYSE:EGN) to report earnings on February, 9. They expect $-0.24 EPS, down 188.89% or $0.51 from last year’s $0.27 per share. After $-0.22 actual EPS reported by Energen Corporation for the previous quarter, Wall Street now forecasts 9.09% negative EPS growth.

According to Zacks Investment Research, “ENERGEN CORP is a diversified energy holding company engaged in natural gas distribution and oil and natural gas exploration and production activities. The Corporation’s utility subsidiary, Alabama Gas Corporation, is the largest natural gas distribution utility in the State of Alabama. The Corporation’s oil and gas exploration and production activities are conducted by its subsidiary, Taurus Exploration, Inc. and its subsidiary.”

Encompass Capital Advisors Llc holds 9.01% of its portfolio in Energen Corporation for 630,153 shares. Geosphere Capital Management owns 96,050 shares or 4.57% of their US portfolio. Moreover, Mitchell Group Inc has 3.15% invested in the company for 650,200 shares. The Massachusetts-based Grt Capital Partners L.L.C. has invested 2.92% in the stock. Sir Capital Management L.P., a New York-based fund reported 403,991 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 3 selling transactions for $1.92 million net activity.

Energen Corporation (NYSE:EGN) Ratings Coverage

Ratings analysis reveals 68% of Energen Corporation’s analysts are positive. Out of 28 Wall Street analysts rating Energen Corporation, 19 give it “Buy”, 0 “Sell” rating, while 9 recommend “Hold”. The lowest target is $30 while the high is $85. The stock’s average target of $57.16 is 0.28% above today’s ($57) share price. EGN was included in 63 notes of analysts from July 21, 2015. Susquehanna initiated Energen Corporation (NYSE:EGN) on Friday, October 30 with “Neutral” rating. The firm earned “Neutral” rating on Tuesday, January 26 by Susquehanna. Williams Capital Group initiated the stock with “Buy” rating in Monday, August 29 report. The firm has “Neutral” rating given on Monday, September 14 by Citigroup. Suntrust Robinson maintained the shares of EGN in a report on Tuesday, February 16 with “Buy” rating. Citigroup maintained the shares of EGN in a report on Thursday, August 11 with “Neutral” rating. The firm has “Neutral” rating by Citigroup given on Friday, August 21. The stock of Energen Corporation (NYSE:EGN) has “Buy” rating given on Friday, September 16 by Tudor Pickering. The company was maintained on Tuesday, March 22 by iBERIA Capital Partners. As per Thursday, April 7, the company rating was maintained by Citigroup.

EGN Company Profile

Energen Corporation (Energen), incorporated on October 26, 1978, is an oil and natural gas exploration and production company. The Firm is engaged in the exploration, development and production of oil and natural gas properties and natural gas in the Permian Basin in west Texas and the San Juan Basin in New Mexico. The Firm is focused on increasing its oil, natural gas liquids and natural gas production and proved reserves through active development and/or exploratory programs in the Permian Basin. All of its reserves are located in the Permian Basin in west Texas, and the San Juan Basin in New Mexico. Oil, natural gas liquids and natural gas represent approximately 60%, 20% and 20%, respectively, of Energen’s reserves. The Company’s activities are conducted through its subsidiary, Energen Resources Corporation (Energen Resources).

More news for Energen Corporation (NYSE:EGN) were recently published by: Fool.com, which released: “Why Energen Corporation’s Shares Dropped in January” on February 08, 2016. Fool.com‘s article titled: “Here’s Why Shares of Energen Corporation Are Slumping Today” and published on February 12, 2016 is yet another important article.

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By Ellis Scott


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