Energen Corp Sentiment Worsening on Bad Stock Potential, Now at 0.96

May 3, 2018 - By Lena Young

Energen Corporation (NYSE:EGN) Corporate Logo

Positions for Energen Corp (NYSE:EGN)

In 2017 Q4 Energen Corp (NYSE:EGN) big money sentiment decreased to 0.96, SEC.gov filings reveal. So its down -0.06, from 2017Q3’s 1.02. 118 funds increased and opened new positions, while 123 trimmed and sold holdings in Energen Corp so the sentiment has dropped. Funds own 86.41 million shares, down from 89.38 million shares in 2017Q3. Funds holding Energen Corp in top 10 was flat from 4 to 4 for the same number . In total 39 funds closed positions, 84 reduced and 75 increased. Also 43 funds bought new Energen Corp stakes.

Most Energen Corp Shareholders

Corvex Management Lp owns 9.71 million shares in Energen Corp as of 2017 Q4. As of 2017 Q4, 1.93 million shares of Energen Corp are owned by Brenham Capital Management L.P.. Also, Cambrian Capital Limited Partnership reported 82,930 shares in Energen Corp equivalent to 5.83% of its equity exposure. The Texas-based fund Mitchell Group Inc have invested about 3.31% of the investment professional’s stock portfolio in Energen Corp. The New York-based fund Sir Capital Management L.P. holds 248,550 shares or 3.16% of their equity exposure.

Energen Corporation, through its subsidiary, Energen Resources Corporation, engages in the exploration, development, and production of oil, natural gas liquids, and natural gas.The company has $6.32 billion market cap. It has activities within the Midland Basin, the Delaware Basin, and the Central Basin Platform areas of the Permian Basin in west Texas and New Mexico.The P/E ratio is 20.66.

Ticker’s shares touched $64.88 during the last trading session after 0.18% change.Energen Corporation has 1.30M shares volume, 15.81% up from normal. EGN is uptrending and has moved 13.76% since May 3, 2017. The stock outperformed the S&P 500 by 2.21%.

Energen Corporation (NYSE:EGN)’s earnings report is anticipated by WallStreet on May, 8, as reported by RTT. The earnings per share diference is $0.86 or 661.54 % up from last years number. Previous year: $-0.13; Analysts forcast: $0.73. EGN’s profit could reach $71.11M if the current earnings per share of $0.73 is accurate. Wall Street predicts 15.87 % EPS growth as of May, 8.

1492 Limited Liability Co reported 3,566 shs. Oppenheimer Asset Management Inc, a New York-based fund reported 5,386 shs. Kings Point Capital Mgmt has invested 0.01% in Energen Corporation (NYSE:EGN). Invesco Ltd, Georgia-based fund reported 1.41 million shs. Key Grp (Cayman) Ltd reported 19,300 shs. Utah Retirement Sys stated it has 18,022 shs. Gabelli Funds Limited Liability reported 21,000 shs or 0.01% of all its holdings. Reilly Finance Advsrs Limited invested 0% in Energen Corporation (NYSE:EGN). State Of Tennessee Treasury Department reported 0.02% in Energen Corporation (NYSE:EGN). Northern Trust Corp has invested 0.01% in Energen Corporation (NYSE:EGN). Warren Averett Asset Ltd Liability Com holds 0.23% of its capital in Energen Corporation (NYSE:EGN) for 27,757 shs. Moreover, Earnest Ptnrs Ltd Company has 0% invested in Energen Corporation (NYSE:EGN). Wells Fargo & Commerce Mn holds 0% or 125,335 shs. Moreover, Waratah Capital Advsrs Limited has 1.87% invested in Energen Corporation (NYSE:EGN) for 279,580 shs. Magnetar Financial Ltd Liability Corp, Illinois-based fund reported 20,040 shs.

Energen Corporation had 2 insider sales and 1 buying transaction since March 9, 2018. This’s net activity of $476,273. 3,116 shs were sold by MCMANUS J T, worth $180,907. Another trade for 17,500 shs valued at $1.00 million was made by COHEN JONATHAN Z on Friday, March 9.

Energen Corporation (NYSE:EGN) Ratings Coverage

In total 20 analysts cover Energen Corp (NYSE:EGN). “Buy” rating has 13, “Sell” are 2, while 5 are “Hold”. (NYSE:EGN) has 65% bullish analysts. 32 are the (NYSE:EGN)’s ratings reports on 3 May 2018 according to StockzIntelligence Inc. On Friday, December 1 the stock of Energen Corporation (NYSE:EGN) earned “Hold” rating by Wells Fargo. On Thursday, November 9 the stock of Energen Corporation (NYSE:EGN) has “Hold” rating given by RBC Capital Markets. In Friday, November 10 report BMO Capital Markets maintained it with “Hold” rating and $65.0 target. In Monday, December 11 report Credit Suisse initiated the stock with “Hold” rating. On Tuesday, April 24 the stock of Energen Corporation (NYSE:EGN) has “Buy” rating given by Stephens. The stock rating was maintained by RBC Capital Markets with “Hold” on Friday, April 13. On Wednesday, February 21 Imperial Capital maintained Energen Corporation (NYSE:EGN) rating. Imperial Capital has “Outperform” rating and $72 target. On Wednesday, April 11 the company was maintained by BMO Capital Markets. On Wednesday, March 28 Stifel Nicolaus maintained Energen Corporation (NYSE:EGN) rating. Stifel Nicolaus has “Buy” rating and $9900 target. On Friday, December 15 the stock of Energen Corporation (NYSE:EGN) earned “Underweight” rating by JP Morgan.

Energen Corporation (NYSE:EGN) Institutional Investors Chart

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