Energen Co. (EGN) Director Jonathan Z. Cohen Purchases 17,500 Shares

Energen Co. (NYSE:EGN) Director Jonathan Z. Cohen purchased 17,500 shares of Energen stock in a transaction that occurred on Friday, March 9th. The shares were bought at an average price of $57.36 per share, for a total transaction of $1,003,800.00. Following the transaction, the director now owns 17,500 shares in the company, valued at $1,003,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Energen Co. (EGN) opened at $57.95 on Wednesday. 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 52-week low of $46.16 and a 52-week high of $60.07. The stock has a market cap of $5,640.00, a PE ratio of 96.58 and a beta of 1.60.

Energen (NYSE:EGN) last released its earnings results on Tuesday, February 20th. The oil and gas producer reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.22. The company had revenue of $271.80 million for the quarter, compared to the consensus estimate of $303.95 million. Energen had a net margin of 30.12% and a return on equity of 2.27%. The company’s revenue was up 137.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.27) EPS. equities research analysts anticipate that Energen Co. will post 3.14 earnings per share for the current year.

Several research analysts recently issued reports on the stock. Credit Suisse Group assumed coverage on shares of Energen in a research report on Monday, December 11th. They set a “neutral” rating and a $60.00 price target on the stock. Wells Fargo & Co assumed coverage on shares of Energen in a research report on Friday, December 1st. They set a “hold” rating on the stock. Deutsche Bank assumed coverage on shares of Energen in a research report on Thursday, February 1st. They set a “buy” rating and a $70.00 price target on the stock. Imperial Capital reiterated an “outperform” rating and set a $72.00 price target (up previously from $68.00) on shares of Energen in a research report on Wednesday, February 21st. Finally, Seaport Global Securities upgraded shares of Energen from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Energen presently has a consensus rating of “Hold” and an average target price of $66.48.

Hedge funds have recently made changes to their positions in the company. Comerica Bank increased its stake in shares of Energen by 55.7% in the 3rd quarter. Comerica Bank now owns 127,313 shares of the oil and gas producer’s stock valued at $6,507,000 after acquiring an additional 45,547 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Energen by 711.2% in the 4th quarter. SG Americas Securities LLC now owns 41,630 shares of the oil and gas producer’s stock valued at $2,397,000 after acquiring an additional 36,498 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Energen by 32.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,813 shares of the oil and gas producer’s stock valued at $335,000 after acquiring an additional 1,436 shares during the last quarter. Cipher Capital LP increased its stake in shares of Energen by 65.8% in the 3rd quarter. Cipher Capital LP now owns 71,121 shares of the oil and gas producer’s stock valued at $3,888,000 after acquiring an additional 28,229 shares during the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in shares of Energen in the 3rd quarter valued at about $15,830,000. 93.59% of the stock is owned by institutional investors.

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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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