Kinsight Exits Position in Energen Corporation (EGN)

Energen Corporation (EGN) : Kinsight has sold out all of its stake in Energen Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 9, 2016 with the SEC. The investment management company has sold out 9,365 shares of Energen Corporation which is valued at $491,943.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in EGN in the latest quarter, The investment management firm added 38,100 additional shares and now holds a total of 350,088 shares of Energen Corporation which is valued at $18,390,123. Energen Corporation makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio. Los Angeles Capital Management Equity Research Inc added EGN to its portfolio by purchasing 39,470 company shares during the most recent quarter which is valued at $2,088,752. Energen Corporation makes up approx 0.02% of Los Angeles Capital Management Equity Research Inc’s portfolio.Baldwin Investment Management boosted its stake in EGN in the latest quarter, The investment management firm added 103 additional shares and now holds a total of 6,248 shares of Energen Corporation which is valued at $302,966. Energen Corporation makes up approx 0.13% of Baldwin Investment Management’s portfolio. Strs Ohio sold out all of its stake in EGN during the most recent quarter. The investment firm sold 1,226 shares of EGN which is valued $54,238.Gemmer Asset Management boosted its stake in EGN in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 131 shares of Energen Corporation which is valued at $6,219.

Energen Corporation opened for trading at $53.81 and hit $55.41 on the upside on Wednesday, eventually ending the session at $55.21, with a gain of 2.43% or 1.31 points. The heightened volatility saw the trading volume jump to 18,23,606 shares. Company has a market cap of $5,359 M.

On the company’s financial health, Energen Corporation reported $-0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.35. The company had revenue of $105.80 million for the quarter, compared to analysts expectations of $151.34 million. The company’s revenue was down -37.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on Energen Corporation. Company shares were Reiterated by Barclays on Aug 16, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 60 from a previous price target of $52 .Company shares were Reiterated by RBC Capital Mkts on Aug 10, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 54 from a previous price target of $50 .Company shares were Reiterated by Wunderlich on Aug 10, 2016 to “Buy”, Firm has raised the Price Target to $ 63 from a previous price target of $60 .

Energen Corporation (Energen) is an oil and gas exploration and production company with headquarters in Birmingham Alabama. The Company has 1.1 billion barrels of oil-equivalent proved probable and possible reserves and another 2.2 billion barrels of oil-equivalent contingent resources. These all-domestic reserves and resources are located primarily in the Permian Basin in west Texas. Energen also has operations in the San Juan Basin in northern New Mexico.

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