Energen Corp (NYSE:EGN) Institutional Investors Sentiment Index Up in 2017 Q2

October 12, 2017 - By Louis Casey

 Energen Corp (NYSE:EGN) Institutional Investors Sentiment Index  Up in  2017 Q2

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 active investment managers increased or started new holdings, while 118 sold and decreased their stakes in Energen Corp. The active investment managers in our partner’s database reported: 97.02 million shares, up from 89.25 million shares in 2017Q1. Also, the number of active investment managers holding Energen Corp in their top 10 holdings 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. Stifel Nicolaus maintained it with “Buy” rating and $81 target in Monday, May 29 report. The rating was maintained by Williams Capital Group on Tuesday, August 8 with “Buy”. The rating was maintained by Williams Capital Group on Tuesday, June 20 with “Buy”. The stock has “Buy” rating by Seaport Global on Tuesday, May 10. Deutsche Bank downgraded Energen Corporation (NYSE:EGN) on Wednesday, April 13 to “Hold” rating. The rating was initiated by Nomura on Thursday, December 3 with “Buy”. BMO Capital Markets maintained the stock with “Hold” rating in Thursday, August 10 report. The firm has “Neutral” rating given on Friday, October 30 by Susquehanna. The company was maintained on Wednesday, August 10 by Deutsche Bank. The stock of Energen Corporation (NYSE:EGN) has “Buy” rating given on Friday, September 16 by Tudor Pickering.

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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