Insider Trading in Focus: Energen Corporation $EGN

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Energen Corporation (NYSE:EGN) insider have most recently took part in a trading activity. On Jun 23, 2017 Kleier Alan A, Director bought 1,000 shares having total worth of $47,590 at the price of $47.59 per share, following the transaction a total of 4,580 shares owned by Kleier Alan A.

The stock has experienced a total of 1 insider trades in the past three months. These trades include 1 sell activities .Furthermore, over the past 12 months , the stock was traded 9 times by insiders. In 7 of these trades, the insider was a seller while an employee of the company was the buyer in 2 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 0 1 -17.34%
12 Month 2 7 42.81%

Shares of Energen Corporation (NYSE:EGN) traded down 1.31% on Jun 22, 2017, hitting $46.77. 2,614,531 shares of the company’s stock traded hands. Energen Corporation has a 52 week low of $22.9 and a 52 week high of $62.07. The company’s market cap is $5,060 million.

Energen Corporation (NYSE:EGN) last announced its earnings results on May 4, 2017. The company reported -0.13 earnings per share (EPS) for the quarter, lower than the consensus estimate of -0.12 by $0.01. The company had revenue of $240 million for the quarter, compared to the consensus estimate of $170 million. During the same quarter in the previous year, the company posted -0.64 earnings per share. The company’s revenue for the quarter was up 103% on a year-over-year basis.

2017-05-04 2017-02-09 2016-11-03 2016-08-08 2016-05-05 2016-02-11 2015-11-05 2015-08-06 2015-05-06 2015-02-12
earnings per share -0.13 -0.27 -0.22 -0.28 -0.64 0.27 0.36 0.10 0.05 0.56
Revenue(M) 240.09 114.48 182.22 157.21 118.1 192.79 295.57 219.29 243.09 268.75

Energen Corporation was incorporated in Alabama in 1978 in connection with the reorganization of its oldest subsidiary, Alagasco. Alagasco was formed in 1948 by the merger of Alabama Gas Company into Birmingham Gas Company, the predecessors of which had been in existence since the mid-1800s. Alagasco became a public company in 1953. Energen Resources was formed in 1971 as a subsidiary of Alagasco and became a subsidiary of Energen in the 1978 reorganization. Energen Corporation, based in Birmingham, Alabama, is an energy holding company engaged primarily in the acquisition, development, exploration and production of oil, natural gas and natural gas liquids in the continental United States and in the purchase, distribution, and sale of natural gas, principally in central and north Alabama. Its two principal subsidiaries are Energen Resources Corporation and Alabama Gas Corporation. Energen’s oil and gas operations focus on increasing production and adding proved reserves through the acquisition and development of oil and gas properties. To a lesser extent, Energen Resources explores for and develops new reservoirs, primarily in areas in which it has an operating presence. All gas, oil and natural gas liquids production is sold to third parties. Energen Resources also provides operating services in the Black Warrior, San Juan and Permian basins for its joint interest and third parties. These services include overall project management and day-to-day decision-making relative to project operations. Alagasco is the largest natural gas distribution utility in the state of Alabama. Alagasco purchases natural gas through interstate and intrastate marketers and suppliers and distributes the purchased gas through its distribution facilities for sale to residential, commercial and industrial customers and other end-users of natural gas. Alagasco also provides transportation services to industrial and commercial customers located on its distribution system. These transportation customers, using Alagasco as their agent or acting on their own, purchase gas directly from producers, marketers or suppliers and arrange for delivery of the gas into the Alagasco distribution system. Alagasco charges a fee to transport such customer-owned gas through its distribution system to the customers’ facilities. Alagasco’s distribution system is connected to two major interstate natural gas pipeline systems, Southern Natural Gas Company and Transcontinental Gas Pipe Line Company. It is also connected to several intrastate natural gas pipeline systems and to Alagasco’s two liquified natural gas LNG facilities. Alagasco purchases natural gas from various natural gas producers and marketers. As an Alabama utility, Alagasco is subject to regulation by the Alabama Public Service Commission (APSC) which established the Rate Stabilization and Equalization (RSE) rate-setting process in 1983.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.