Energen Receives Average Rating of “Buy” from Brokerages (NYSE:EGN)
Shares of Energen (NYSE:EGN) have been given a consensus rating of “Buy” by the fourteen ratings firms that are presently covering the company, Stock Ratings Network.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $89.91.
Shares of Energen (NYSE:EGN) opened at 81.31 on Friday. Energen has a 52-week low of $45.59 and a 52-week high of $89.92. The stock’s 50-day moving average is $80.17 and its 200-day moving average is $75.6. The company has a market cap of $5.912 billion and a price-to-earnings ratio of 28.76.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 2nd. Stockholders of record on Thursday, May 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, May 13th.
Several analysts have recently commented on the stock. Analysts at Topeka Capital Markets raised their price target on shares of Energen from $92.00 to $95.00 in a research note on Tuesday, April 8th. Separately, analysts at Maxim Group raised their price target on shares of Energen from $94.00 to $98.00 in a research note on Monday, April 7th. They now have a “sell” rating on the stock. Finally, analysts at Howard Weil raised their price target on shares of Energen from $90.00 to $96.00 in a research note on Monday, April 7th. They now have a “sector outperform” rating on the stock.
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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