Energen Corp. (EGN) Plans Quarterly Dividend of $0.15
Energen Corp. (NYSE:EGN) declared a quarterly dividend on Wednesday, January 22nd, Stock Ratings News reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.15 per share on Monday, March 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 0.83%.
A number of analysts have recently weighed in on EGN shares. Analysts at Zacks downgraded shares of Energen Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, January 2nd. They now have a $68.80 price target on the stock. On a related note, analysts at ISI Group upgraded shares of Energen Corp. from a “neutral” rating to a “strong-buy” rating in a research note to investors on Tuesday, November 5th. They now have a $89.00 price target on the stock. Finally, analysts at Sterne Agee raised their price target on shares of Energen Corp. from $88.00 to $98.00 in a research note to investors on Friday, November 1st. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $84.48.
Energen Corp. (NYSE:EGN) traded up 2.54% during mid-day trading on Wednesday, hitting $72.39. 842,710 shares of the company’s stock traded hands. Energen Corp. has a one year low of $44.46 and a one year high of $89.92. The stock’s 50-day moving average is $68.53 and its 200-day moving average is $70.24. The company has a market cap of $5.262 billion and a price-to-earnings ratio of 27.81.
Energen Corp. (NYSE:EGN) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.47 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.61 by $0.14. The company had revenue of $320.40 million for the quarter, compared to the consensus estimate of $426.10 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. On average, analysts predict that Energen Corp. will post $3.21 earnings per share for the current fiscal year.
Energen Corporation is a diversified energy holding company engaged in the development, acquisition, 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 in central and north Alabama.
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