Today, the VP & Controller of Energen Corp (NYSE: EGN), Russell Lynch, sold shares of EGN for $173.7K.
Following Russell Lynch’s last EGN Sell transaction on May 21, 2015, the stock climbed by 8.1%. In addition to Russell Lynch, 4 other EGN executives reported Sell trades in the last month.
See today’s analyst top recommended stocks >>
Based on Energen Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $243 million and quarterly net profit of $68.27 million. In comparison, last year the company earned revenue of $219 million and had a net profit of $29.48 million. EGN’s market cap is $7.54B and the company has a P/E ratio of 17.55. Currently, Energen Corp has an average volume of 2.12M.
Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $91.00, reflecting a 17.2% upside.
In the last 30 days, insiders have sold $173.7K worth of EGN shares and purchased $154.2M worth of EGN shares. The insider sentiment on Energen Corp has been positive according to 85 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Energen Corp. is an oil and gas exploration and production company. It engages in drilling and development of assets in the Permian Basin of west Texas. The company focuses on return-driven growth from the drilling and development of multiple horizontal shale formations in the Delaware and Midland basins using its Generation 3 frac design.
