Flinton Capital Management LLC Has $368,000 Position in Energen Co. (EGN)
Flinton Capital Management LLC increased its position in shares of Energen Co. (NYSE:EGN) by 18.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,384 shares of the oil and gas producer’s stock after purchasing an additional 976 shares during the period. Flinton Capital Management LLC’s holdings in Energen were worth $368,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of EGN. Highbridge Capital Management LLC purchased a new position in Energen during the third quarter worth about $15,830,000. SIR Capital Management L.P. purchased a new position in Energen during the fourth quarter worth about $14,309,000. Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in Energen by 473.3% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 245,961 shares of the oil and gas producer’s stock worth $14,160,000 after purchasing an additional 203,061 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in Energen by 86.9% during the third quarter. Alyeska Investment Group L.P. now owns 396,708 shares of the oil and gas producer’s stock worth $21,692,000 after purchasing an additional 184,416 shares in the last quarter. Finally, Advisory Research Inc. raised its holdings in Energen by 29.4% during the fourth quarter. Advisory Research Inc. now owns 799,611 shares of the oil and gas producer’s stock worth $46,034,000 after purchasing an additional 181,685 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently issued reports on EGN. Credit Suisse Group began coverage on shares of Energen in a report on Monday, December 11th. They set a “neutral” rating and a $60.00 price target for the company. Stifel Nicolaus set a $85.00 price target on shares of Energen and gave the stock a “buy” rating in a report on Monday, January 29th. UBS began coverage on shares of Energen in a report on Wednesday, March 7th. They set a “neutral” rating and a $62.00 price target for the company. ValuEngine cut shares of Energen from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Seaport Global Securities raised shares of Energen from a “neutral” rating to a “buy” rating in a report on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $67.36.
Shares of Energen Co. (EGN) opened at $56.90 on Friday. The company has a market cap of $5,634.86, a P/E ratio of 76.12 and a beta of 1.61. Energen Co. has a 1 year low of $46.16 and a 1 year high of $60.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.59 and a quick ratio of 0.55.
Energen (NYSE:EGN) last released its quarterly earnings results on Tuesday, February 20th. The oil and gas producer reported $0.63 EPS for the quarter, beating the consensus estimate of $0.41 by $0.22. The business had revenue of $271.80 million for the quarter, compared to analyst estimates of $303.95 million. Energen had a net margin of 30.12% and a return on equity of 2.27%. The company’s quarterly revenue was up 137.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.27) earnings per share. sell-side analysts predict that Energen Co. will post 3.17 EPS for the current fiscal year.
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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