Energen Corp Q2 2017 Institutional Investor Sentiment Better Than Expected

October 12, 2017 - By Louis Casey

 Energen Corp  Q2 2017 Institutional Investor Sentiment  Better Than Expected

Sentiment for Energen Corp (NYSE:EGN)

Energen Corp (NYSE:EGN) institutional sentiment increased to 1.21 in 2017 Q2. Its up 0.12, from 1.09 in 2017Q1. The ratio has increased, as 143 institutional investors opened new or increased stock positions, while 118 cut down and sold their holdings in Energen Corp. The institutional investors in our partner’s database now possess: 97.02 million shares, up from 89.25 million shares in 2017Q1. Also, the number of institutional investors holding Energen Corp in their top 10 stock positions was flat from 5 to 5 for the same number . Sold All: 45 Reduced: 73 Increased: 97 New Position: 46.

Energen Corporation is an oil and natural gas exploration and production company. The company has market cap of $5.19 billion. The Firm is engaged in the exploration, development and production of oil and natural gas properties and natural gas. It has a 83.79 P/E ratio. The Company’s activities 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.

About 133,774 shares traded. Energen Corporation (NYSE:EGN) has risen 35.21% since October 12, 2016 and is uptrending. It has outperformed by 18.51% the S&P500.

Analysts await Energen Corporation (NYSE:EGN) to report earnings on November, 2. They expect $0.14 earnings per share, up 163.64 % or $0.36 from last year’s $-0.22 per share. EGN’s profit will be $13.75 million for 94.18 P/E if the $0.14 EPS becomes a reality. After $0.06 actual earnings per share reported by Energen Corporation for the previous quarter, Wall Street now forecasts 133.33 % EPS growth.

Corvex Management Lp holds 11.22% of its portfolio in Energen Corporation for 7.00 million shares. Cambrian Capital Limited Partnership owns 91,876 shares or 5.12% of their US portfolio. Moreover, Brenham Capital Management L.P. has 4.67% invested in the company for 520,000 shares. The Texas-based Mitchell Group Inc has invested 3.26% in the stock. Grt Capital Partners L.L.C., a Massachusetts-based fund reported 73,549 shares.#img1#

Energen Corporation (NYSE:EGN) Ratings Coverage

Ratings analysis reveals 69% of Energen Corporation’s analysts are positive. Out of 35 Wall Street analysts rating Energen Corporation, 24 give it “Buy”, 0 “Sell” rating, while 11 recommend “Hold”. The lowest target is $30 while the high is $85. The stock’s average target of $58.97 is 11.75% above today’s ($52.77) share price. EGN was included in 99 notes of analysts from July 21, 2015. The stock of Energen Corporation (NYSE:EGN) has “Buy” rating given on Thursday, October 13 by Nomura. The rating was maintained by Barclays Capital on Friday, April 21 with “Hold”. Argus Research upgraded Energen Corporation (NYSE:EGN) on Friday, February 24 to “Buy” rating. The stock has “Buy” rating by Stifel Nicolaus on Thursday, April 13. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, July 6. The company was maintained on Monday, November 30 by Howard Weil. The rating was maintained by Citigroup on Tuesday, May 17 with “Neutral”. The stock of Energen Corporation (NYSE:EGN) earned “Market Perform” rating by Raymond James on Monday, August 10. The rating was initiated by Barclays Capital on Tuesday, June 21 with “Equal-Weight”. The rating was maintained by Topeka Capital Markets with “Buy” on Thursday, October 15.

Another recent and important Energen Corporation (NYSE:EGN) news was published by Seekingalpha.com which published an article titled: “QEP Resources Vs. Energen Corp.” on July 11, 2017.

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