Fox Run Management L.l.c. buys $820,056 stake in Energen Corporation (EGN)

Energen Corporation (EGN) : Fox Run Management L.l.c. scooped up 7,300 additional shares in Energen Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 14,100 shares of Energen Corporation which is valued at $820,056.Energen Corporation makes up approximately 0.49% of Fox Run Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Eagle Asset Management Inc boosted its stake in EGN in the latest quarter, The investment management firm added 30,133 additional shares and now holds a total of 77,486 shares of Energen Corporation which is valued at $4,506,586. Energen Corporation makes up approx 0.03% of Eagle Asset Management Inc’s portfolio. Cutler Group Lp sold out all of its stake in EGN during the most recent quarter. The investment firm sold 206 shares of EGN which is valued $12,208.Bnp Paribas Arbitrage Sa reduced its stake in EGN by selling 33,150 shares or 76.79% in the most recent quarter. The Hedge Fund company now holds 10,021 shares of EGN which is valued at $584,425.

Energen Corporation closed down -1.1 points or -1.86% at $58.16 with 8,05,926 shares getting traded on Tuesday. Post opening the session at $58.84, the shares hit an intraday low of $57.37 and an intraday high of $59.16 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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. Canaccord Genuity Initiated Energen Corporation on Sep 19, 2016 to “Buy”, Price Target of the shares are set at $66.Energen Corporation was Upgraded by Tudor Pickering to ” Buy” on Sep 16, 2016. Williams Capital Group Initiated Energen Corporation on Aug 29, 2016 to “Buy”, Price Target of the shares are set at $68.

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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