Public Employees Retirement System of Ohio Has $2.59 Million Stake in Energen Co. (EGN)
Public Employees Retirement System of Ohio decreased its holdings in shares of Energen Co. (NYSE:EGN) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,356 shares of the oil and gas producer’s stock after selling 1,545 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Energen were worth $2,589,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Cadence Capital Management LLC bought a new stake in Energen during the 3rd quarter valued at approximately $203,000. BB&T Securities LLC bought a new stake in Energen during the 3rd quarter valued at approximately $206,000. Boothbay Fund Management LLC bought a new stake in Energen during the 3rd quarter valued at approximately $209,000. Ironwood Investment Counsel LLC bought a new stake in Energen during the 3rd quarter valued at approximately $219,000. Finally, Optimum Investment Advisors bought a new stake in shares of Energen in the 2nd quarter worth approximately $228,000. Hedge funds and other institutional investors own 96.05% of the company’s stock.
A number of analysts have commented on EGN shares. Wells Fargo & Co started coverage on Energen in a research report on Friday, December 1st. They issued a “hold” rating for the company. Stifel Nicolaus restated a “buy” rating and set a $79.00 target price on shares of Energen in a research report on Sunday, September 3rd. Barclays upgraded Energen from an “equal weight” rating to an “overweight” rating and set a $70.00 target price for the company in a research report on Monday, November 20th. Credit Suisse Group initiated coverage on Energen in a research report on Monday, December 11th. They set a “neutral” rating and a $60.00 target price for the company. Finally, JPMorgan Chase & Co. downgraded Energen from a “neutral” rating to an “underweight” rating and set a $57.00 target price for the company. in a research report on Friday, December 15th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $64.81.
In other news, General Counsel J David Woodruff, Jr. sold 2,500 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $57.01, for a total value of $142,525.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lori A. Lancaster purchased 1,000 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was purchased at an average price of $57.79 per share, for a total transaction of $57,790.00. Following the completion of the acquisition, the director now owns 1,000 shares of the company’s stock, valued at $57,790. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.
Energen Co. (EGN) opened at $57.57 on Friday. Energen Co. has a 12-month low of $46.16 and a 12-month high of $60.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.58 and a quick ratio of 0.53. The stock has a market capitalization of $5,595.92, a price-to-earnings ratio of -523.36, a PEG ratio of 3.85 and a beta of 1.90.
Energen (NYSE:EGN) last posted its earnings results on Wednesday, November 8th. The oil and gas producer reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.05. The firm had revenue of $191.50 million for the quarter, compared to analyst estimates of $242.81 million. Energen had a negative return on equity of 0.45% and a negative net margin of 1.17%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.22) earnings per share. research analysts anticipate that Energen Co. will post 0.5 earnings per share for the current fiscal year.
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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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