Energen (NYSE:EGN) saw a significant growth in short interest in April. As of April 30th, there was short interest totalling 3,721,653 shares, a growth of 61.2% from the April 13th total of 2,308,702 shares. Based on an average daily volume of 1,178,045 shares, the short-interest ratio is presently 3.2 days. Approximately 3.9% of the shares of the stock are sold short.

Several brokerages have issued reports on EGN. Bank of America raised shares of Energen from a “neutral” rating to a “buy” rating in a report on Thursday, May 10th. Stifel Nicolaus set a $98.00 price target on shares of Energen and gave the company a “buy” rating in a report on Tuesday, April 24th. Zacks Investment Research raised shares of Energen from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a report on Wednesday, April 18th. Morgan Stanley upped their price target on shares of Energen from $73.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, April 20th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $79.00 price target on shares of Energen in a report on Thursday, April 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $70.82.

Shares of Energen opened at $66.32 on Thursday, according to Marketbeat. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.21. The company has a market cap of $6.45 billion, a P/E ratio of 88.43 and a beta of 1.43. Energen has a 1 year low of $65.32 and a 1 year high of $67.15.

Energen (NYSE:EGN) last issued its quarterly earnings results on Tuesday, May 8th. The oil and gas producer reported $0.81 EPS for the quarter, topping the consensus estimate of $0.77 by $0.04. Energen had a net margin of 34.60% and a return on equity of 4.95%. The firm had revenue of $356.17 million during the quarter, compared to analyst estimates of $335.96 million. During the same quarter in the prior year, the business posted ($0.13) earnings per share. Energen’s revenue for the quarter was up 47.8% compared to the same quarter last year. equities analysts predict that Energen will post 3.55 EPS for the current year.

In other Energen news, Chairman J T. Mcmanus sold 3,116 shares of the company’s stock in a transaction dated Monday, March 26th. The shares were sold at an average price of $58.06, for a total value of $180,914.96. Following the sale, the chairman now owns 115,794 shares of the company’s stock, valued at $6,722,999.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Godsey sold 6,000 shares of the company’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $57.77, for a total transaction of $346,620.00. The disclosure for this sale can be found here. 1.05% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in Energen by 1.0% during the first quarter. BlackRock Inc. now owns 8,655,879 shares of the oil and gas producer’s stock worth $544,109,000 after purchasing an additional 86,763 shares during the last quarter. Victory Capital Management Inc. increased its position in Energen by 1.0% during the first quarter. Victory Capital Management Inc. now owns 3,070,801 shares of the oil and gas producer’s stock worth $193,031,000 after purchasing an additional 31,379 shares during the last quarter. Millennium Management LLC increased its position in Energen by 86.2% during the fourth quarter. Millennium Management LLC now owns 2,928,514 shares of the oil and gas producer’s stock worth $168,595,000 after purchasing an additional 1,355,480 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Energen by 2.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,656,284 shares of the oil and gas producer’s stock worth $104,114,000 after purchasing an additional 34,809 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Energen by 9.3% during the first quarter. Franklin Resources Inc. now owns 1,572,411 shares of the oil and gas producer’s stock worth $98,842,000 after purchasing an additional 133,992 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

About Energen

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 operations 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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