Energen Corp (NYSE:EGN).
Raymond James & Associates reports that it bought 2,406 shares in the previous quarter increasing its stake in Energen Corp (EGN) by 1.1%. Its stake stood at $11,669,000 an increase of 12.0% as of the end of the quarter.
Here are a few institutional investors who have updated their positions. As of quarter end Ubs Asset Management Americas Inc had bought a total of 1,315 shares growing its stake by 2,578.4%. The value in dollars increased from $2,518,000 to $74,693,000 increasing 2,866.4% quarter over quarter. Marshall Wace LLP grew its stake by buying 853 shares an increase of 17.1% from 06/30/2017 to 09/30/2017. Marshall Wace LLP controls 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 disposed of 450 shares trimming its holdings by 1.6%. The value of the investment in Energen Corp went from $1,395,000 to $1,521,000 a change of 9.0% for the reporting period.
November 9 investment analysts at Royal Bank Of Canada held the company rating at “Sector Perform” targeting a price of $59.00. Equity analyst Bank of America Corporation updated guidance on EGN with an initial rating of “Neutral”.
Citigroup raised the price target of the stock on October 13 changing the forecast from $56.00 to $57.00 and issued a “Neutral” rating. Equity analyst Barclays PLC raised the price target on October 11 changing the price objective from $57.00 to $61.00 and issued a “Equal Weight” recommendation.
BMO Capital Markets updated its forecast on EGN stating a rating of “Hold” and establishing a price target of $60.00. On October 9 analysts at Jefferies Group LLC released a research note on EGN giving it an initial rating of “Buy”.
The company is trading down since yesterday’s close of 54.19. The P/E ratio is currently N/A and the market cap of the company is 5.17B. In the latest earnings report the EPS was $-0.11 with 97.13M shares outstanding.
Traders are a little more bullish on shares of the company of late if you look at the change in short interest. The stock realized a fall in short interest of -23.25% as of the latest report on October 31, 2017. Short shares fell from 4,252,979 to 3,264,249 over that timeframe. Days to cover decreased -2.0 to 4.0 and the percentage of shorted shares is 0.03% as of October 31.