Insider Selling: John S. Richardson Unloads 5,000 Shares of Energen Stock (EGN)
Energen (NYSE:EGN) Insider John S. Richardson sold 5,000 shares of the stock on the open market in a transaction dated Thursday, June 19th. The stock was sold at an average price of $90.07, for a total transaction of $450,350.00. Following the completion of the transaction, the insider now directly owns 36,555 shares in the company, valued at approximately $3,292,509. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
EGN has been the subject of a number of recent research reports. Analysts at Global Hunter Securities upgraded shares of Energen from a “neutral” rating to an “accumulate” rating in a research note on Tuesday, June 17th. They now have a $110.00 price target on the stock, up previously from $85.00. Separately, analysts at Howard Weil raised their price target on shares of Energen from $96.00 to $100.00 in a research note on Friday, May 2nd. They now have a “sector outperform” rating on the stock. Finally, analysts at Topeka Capital Markets raised their price target on shares of Energen from $92.00 to $95.00 in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $94.23.
Shares of Energen (NYSE:EGN) traded down 0.01% during mid-day trading on Monday, hitting $90.07. The stock had a trading volume of 559,656 shares. Energen has a 52-week low of $50.50 and a 52-week high of $90.66. The stock has a 50-day moving average of $85. and a 200-day moving average of $77.66. The company has a market cap of $6.555 billion and a price-to-earnings ratio of 32.44.
Energen (NYSE:EGN) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.20 by $0.15. Analysts expect that Energen will post $2.98 EPS for the current fiscal year.
Energen Corporation is a diversified energy holding company engaged in the development, acquisition, exploration and production of oil, natural gas and natural gas liquids in the continental United States and in the purchase, distribution and sale of natural gas in central and north Alabama.
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