Tocqueville Asset Management L.P. trimmed its position in Energen Corporation (NYSE:EGN) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,300 shares of the oil and gas producer’s stock after selling 4,850 shares during the quarter. Tocqueville Asset Management L.P. owned 0.15% of Energen Corporation worth $7,890,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning raised its holdings in shares of Energen Corporation by 8.0% in the 2nd quarter. Creative Planning now owns 3,390 shares of the oil and gas producer’s stock worth $167,000 after purchasing an additional 250 shares during the period. Ironwood Investment Counsel LLC purchased a new position in shares of Energen Corporation in the 3rd quarter worth about $219,000. Optimum Investment Advisors purchased a new position in shares of Energen Corporation in the 2nd quarter worth about $228,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Energen Corporation in the 1st quarter worth about $231,000. Finally, Capital Insight Partners LLC purchased a new position in shares of Energen Corporation in the 2nd quarter worth about $237,000. Institutional investors own 94.01% of the company’s stock.
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Shares of Energen Corporation (NYSE EGN) opened at $54.27 on Friday. Energen Corporation has a 12 month low of $46.16 and a 12 month high of $64.43. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.54 and a current ratio of 0.61.
Energen Corporation (NYSE:EGN) last issued its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.06. The business had revenue of $256.82 million for the quarter, compared to analysts’ expectations of $222.60 million. Energen Corporation had a negative return on equity of 1.74% and a net margin of 7.75%. The company’s quarterly revenue was up 142.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.28) EPS. sell-side analysts predict that Energen Corporation will post 0.41 EPS for the current year.
EGN has been the topic of several analyst reports. Mizuho reiterated a “buy” rating and set a $69.00 target price on shares of Energen Corporation in a report on Friday, September 29th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $70.00 target price on shares of Energen Corporation in a report on Monday, October 2nd. Zacks Investment Research downgraded Energen Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Stifel Nicolaus set a $80.00 target price on Energen Corporation and gave the company a “buy” rating in a report on Thursday, October 5th. Finally, Bank of America Corporation initiated coverage on Energen Corporation in a report on Monday, October 16th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $66.00.
Energen Corporation 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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