Short traders are more bullish on Energen Corp as evidenced by the motion in short interest. The company recorded a fall in short interest between October 13, 2017 and October 31, 2017 of -23.25%. Short shares fell from 4,252,979 to 3,264,249 over that period. Days to cover decreased from 6.0 to 4.0 and the percentage of shorted shares was 0.03% on October 31.
Additionally, here are a few investment firms who have increased or decreased their stake in (EGN). Ubs Asset Management Americas Inc grew its position by buying 1,315 shares an increase of 2,578.4%. Ubs Asset Management Americas Inc now holds 1,366 shares worth $74,693,000. The value of the position overall is up by 2,866.4%. Marshall Wace LLP added to its holdings by buying 853 shares an increase of 17.1% in the quarter. Marshall Wace LLP claims 5,842 shares with a value of $321,000. The total value of its holdings increased 31.6%.
As of the end of the quarter Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had sold 450 shares trimming its stake by 1.6%. The value of the company’s investment in Energen Corp increased from $1,395,000 to $1,521,000 a change of 9.0% quarter over quarter. As of quarter end Raymond James & Associates had acquired a total of 2,406 shares growing its holdings by 1.1%. The value in dollars went from $10,417,000 to $11,669,000 a change of $1,252,000 quarter to quarter.
On November 9 Royal Bank Of Canada kept the company rating at “Sector Perform” targeting a price of $59.00. On October 16 analysts at Bank of America Corporation updated coverage of EGN giving it an initial rating of “Neutral”.
Citigroup raised the price target on October 13 changing the price objective from $56.00 to $57.00 and stated a “Neutral” rating. Equity analyst Barclays PLC raised the price target of the stock on October 11 boosting the projection from $57.00 to $61.00 and issued a “Equal Weight” rating.
BMO Capital Markets released guidance on EGN stating a rating of “Hold” and price target of $60.00. On October 9, 2017 Jefferies Group LLC updated guidance on EGN by announcing an initial rating of “Buy”.
The company is down since yesterday’s close of 54.19. The most current P/E ratio is N/A and the market value is 5.19B. As of the last earnings report the EPS was $-0.11 with 97.13M shares outstanding.
Energen Corporation, launched on October 26, 1978, is an oil and natural gas exploration and production company. The Company is involved in the exploration, development and production of oil and natural gas properties, and natural gas. The Business’s operations are conducted through subsidiary, Energen Resources Corporation (Energen Resources) 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. The Company is focused on increasing its oil, natural gas liquids and natural gas production and proved reserves through active development and/or exploratory programs in the Permian Basin. As of December 31, 2016, oil, natural gas liquids and natural gas represented approximately 60%, 20% and 20%, respectively, of the Business’s reserves..