Insider Selling: Energen Director Sells 2,955 Shares of Stock (EGN)
Energen (NYSE:EGN) Director Judy M. Merritt unloaded 2,955 shares of the stock on the open market in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $77.98, for a total value of $230,430.90. Following the completion of the transaction, the director now directly owns 764 shares in the company, valued at approximately $59,577. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on EGN. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Energen in a research note on Monday, August 4th. They now have a $110.00 price target on the stock, down previously from $128.00. Separately, analysts at SunTrust raised their price target on shares of Energen from $98.00 to $113.00 in a research note on Friday, July 11th. Finally, analysts at Howard Weil raised their price target on shares of Energen from $100.00 to $104.00 in a research note on Thursday, July 10th. They now have a “sector outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $101.73.
Shares of Energen (NYSE:EGN) traded down 2.98% during mid-day trading on Thursday, hitting $75.56. The stock had a trading volume of 331,166 shares. Energen has a 1-year low of $65.35 and a 1-year high of $90.66. The stock’s 50-day moving average is $80.98 and its 200-day moving average is $82.6. The company has a market cap of $5.531 billion and a price-to-earnings ratio of 51.51.
Energen (NYSE:EGN) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.04. The company had revenue of $355.85 million for the quarter, compared to the consensus estimate of $351.22 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, analysts predict that Energen will post $2.74 earnings per share for the current fiscal year.
Energen Corporation is an oil- and natural gas liquids-focused exploration and production company. The Company has operations in the Permian and San Juan basins.
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