Analysts See $0.73 EPS for Energen (EGN); Arga Investment Management LP Decreased By $1.34 Million Its Cigna (CI) Stake

April 17, 2018 - By Richard Conner

Energen Corporation (NYSE:EGN) Logo

Analysts expect Energen Corporation (NYSE:EGN) to report $0.73 EPS on May, 8 before the open.They anticipate $0.86 EPS change or 661.54% from last quarter’s $-0.13 EPS. EGN’s profit would be $71.10 million giving it 22.51 P/E if the $0.73 EPS is correct. After having $0.63 EPS previously, Energen Corporation’s analysts see 15.87% EPS growth. The stock increased 0.83% or $0.54 during the last trading session, reaching $65.74. About 389,455 shares traded. Energen Corporation (NYSE:EGN) has risen 13.76% since April 17, 2017 and is uptrending. It has outperformed by 2.21% the S&P500.

Arga Investment Management Lp decreased Cigna Corp (CI) stake by 34.71% reported in 2017Q4 SEC filing. Arga Investment Management Lp sold 6,611 shares as Cigna Corp (CI)’s stock declined 18.61%. The Arga Investment Management Lp holds 12,438 shares with $2.53M value, down from 19,049 last quarter. Cigna Corp now has $42.59B valuation. The stock increased 0.01% or $0.02 during the last trading session, reaching $175.1. About 1.16 million shares traded. Cigna Corporation (NYSE:CI) has risen 13.35% since April 17, 2017 and is uptrending. It has outperformed by 1.80% the S&P500.

Among 22 analysts covering CIGNA (NYSE:CI), 18 have Buy rating, 0 Sell and 4 Hold. Therefore 82% are positive. CIGNA had 65 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Cigna Corporation (NYSE:CI) earned “Buy” rating by RBC Capital Markets on Monday, September 11. The firm earned “Buy” rating on Thursday, October 12 by RBC Capital Markets. As per Thursday, July 13, the company rating was maintained by Cowen & Co. The stock has “Buy” rating by Jefferies on Thursday, November 2. The rating was maintained by Piper Jaffray on Thursday, February 1 with “Buy”. Oppenheimer maintained it with “Buy” rating and $18500 target in Thursday, June 15 report. Morgan Stanley maintained Cigna Corporation (NYSE:CI) rating on Monday, August 7. Morgan Stanley has “Overweight” rating and $188 target. The firm has “Buy” rating by Piper Jaffray given on Sunday, August 6. As per Tuesday, October 10, the company rating was maintained by Jefferies. The stock has “Buy” rating by RBC Capital Markets on Monday, August 7.

Arga Investment Management Lp increased C stake by 28,972 shares to 118,272 valued at $2.35M in 2017Q4. It also upped Microsemi Corp (NASDAQ:MSCC) stake by 38,075 shares and now owns 85,775 shares. Baidu Inc (NASDAQ:BIDU) was raised too.

Analysts await Cigna Corporation (NYSE:CI) to report earnings on May, 3 before the open. They expect $3.39 earnings per share, up 22.38% or $0.62 from last year’s $2.77 per share. CI’s profit will be $824.58 million for 12.91 P/E if the $3.39 EPS becomes a reality. After $1.94 actual earnings per share reported by Cigna Corporation for the previous quarter, Wall Street now forecasts 74.74% EPS growth.

Investors sentiment decreased to 0.91 in 2017 Q4. Its down 0.05, from 0.96 in 2017Q3. It worsened, as 38 investors sold CI shares while 280 reduced holdings. 92 funds opened positions while 197 raised stakes. 208.24 million shares or 0.93% more from 206.32 million shares in 2017Q3 were reported. Commerzbank Aktiengesellschaft Fi stated it has 0% in Cigna Corporation (NYSE:CI). Pennsylvania-based Bryn Mawr Tru has invested 0.06% in Cigna Corporation (NYSE:CI). Iguana Healthcare Mngmt Limited Company invested in 25,000 shares or 3.31% of the stock. Mairs Pwr has invested 0.01% of its portfolio in Cigna Corporation (NYSE:CI). Glg Ltd Liability Corporation has 52,901 shares for 0.77% of their portfolio. Peapack Gladstone Fincl accumulated 1,156 shares. 4,228 are held by Johnson Invest Counsel. Axa has 0.19% invested in Cigna Corporation (NYSE:CI). Ardsley Advisory Prns, a Connecticut-based fund reported 6,000 shares. Whittier Tru Comm Of Nevada Incorporated reported 2,595 shares stake. 1832 Asset Mngmt LP has 0.02% invested in Cigna Corporation (NYSE:CI). Acadian Asset Ltd Liability Com holds 0.77% or 871,512 shares in its portfolio. Lourd Ltd Liability Company, California-based fund reported 1,197 shares. 1,460 were accumulated by Verity & Verity Limited Company. Wetherby Asset accumulated 4,300 shares.

Since December 11, 2017, it had 0 insider purchases, and 10 selling transactions for $17.30 million activity. The insider Jones Nicole S sold $1.12M. $43,604 worth of Cigna Corporation (NYSE:CI) shares were sold by ZOLLARS WILLIAM D. Shares for $7.05 million were sold by Cordani David. On Tuesday, January 16 the insider ZARCONE DONNA F sold $1.29 million. $85,184 worth of Cigna Corporation (NYSE:CI) was sold by HENNEY JANE E MD. 212 shares were sold by HARRIS ISAIAH JR, worth $44,382. MURABITO JOHN M had sold 6,099 shares worth $1.34 million on Thursday, January 18.

Among 39 analysts covering Energen Corporation (NYSE:EGN), 27 have Buy rating, 2 Sell and 10 Hold. Therefore 69% are positive. Energen Corporation had 129 analyst reports since July 21, 2015 according to SRatingsIntel. Topeka Capital Markets maintained Energen Corporation (NYSE:EGN) on Thursday, October 15 with “Buy” rating. JP Morgan maintained the stock with “Underweight” rating in Monday, March 5 report. Suntrust Robinson maintained the shares of EGN in report on Tuesday, February 16 with “Buy” rating. Citigroup maintained Energen Corporation (NYSE:EGN) on Monday, July 18 with “Neutral” rating. The firm has “Neutral” rating given on Tuesday, May 17 by Citigroup. The company was downgraded on Wednesday, June 21 by Seaport Global. The stock has “Buy” rating by SunTrust on Thursday, September 28. The stock of Energen Corporation (NYSE:EGN) has “Overweight” rating given on Friday, May 13 by JP Morgan. Wunderlich maintained Energen Corporation (NYSE:EGN) rating on Tuesday, February 16. Wunderlich has “Buy” rating and $47 target. Citigroup maintained the stock with “Neutral” rating in Friday, July 21 report.

Since March 9, 2018, it had 1 insider purchase, and 2 selling transactions for $476,273 activity. The insider Godsey David A sold $346,620. COHEN JONATHAN Z also bought $1.00M worth of Energen Corporation (NYSE:EGN) on Friday, March 9. MCMANUS J T also sold $180,907 worth of Energen Corporation (NYSE:EGN) shares.

Energen Corporation, through its subsidiary, Energen Resources Corporation, engages in the exploration, development, and production of oil, natural gas liquids, and natural gas. The company has market cap of $6.40 billion. It has activities within the Midland Basin, the Delaware Basin, and the Central Basin Platform areas of the Permian Basin in west Texas and New Mexico. It has a 20.94 P/E ratio.

Energen Corporation (NYSE:EGN) Institutional Positions Chart

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