Steadfast Advisors Lp buys $5,714,426 stake in Energen Corporation (EGN)

Energen Corporation (EGN) : Steadfast Advisors Lp scooped up 91,581 additional shares in Energen Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 104,050 shares of Energen Corporation which is valued at $5,714,426.Energen Corporation makes up approximately 2.57% of Steadfast Advisors Lp’s portfolio.

Other Hedge Funds, Including , Aqr Capital Management boosted its stake in EGN in the latest quarter, The investment management firm added 28,843 additional shares and now holds a total of 612,737 shares of Energen Corporation which is valued at $33,651,516. Energen Corporation makes up approx 0.05% of Aqr Capital Management’s portfolio. Laurion Capital Management Lp sold out all of its stake in EGN during the most recent quarter. The investment firm sold 6,000 shares of EGN which is valued $335,880.Miller Howard Investments Inc Ny reduced its stake in EGN by selling 76,200 shares or 81.88% in the most recent quarter. The Hedge Fund company now holds 16,865 shares of EGN which is valued at $887,605. Energen Corporation makes up approx 0.02% of Miller Howard Investments Inc Ny’s portfolio.

Energen Corporation opened for trading at $56.58 and hit $57.63 on the upside on Monday, eventually ending the session at $56.52, with a gain of 0.23% or 0.13 points. The heightened volatility saw the trading volume jump to 4,99,551 shares. Company has a market cap of $5,487 M.

On the company’s financial health, Energen Corporation reported $-0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $-0.26. The company had revenue of $184.39 million for the quarter, compared to analysts expectations of $159.16 million. The company’s revenue was down -37.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.41 EPS.

Many Wall Street Analysts have commented on Energen Corporation. Energen Corporation was Upgraded by KLR Group to ” Buy” on Nov 7, 2016. Company shares were Reiterated by Nomura on Oct 13, 2016 to “Buy”, Firm has raised the Price Target to $ 65 from a previous price target of $54 .Canaccord Genuity Initiated Energen Corporation on Sep 19, 2016 to “Buy”, Price Target of the shares are set at $66.

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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