Feb. 24
Research analysts at Global Hunter Securities started coverage on shares of Energen Corp. (NYSE:EGN) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $85.00 price target on the stock. Global Hunter Securities’ target price points to a potential upside of 8.68% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Energen Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, February 4th. They now have a $72.20 price target on the stock. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $87.27.
Energen Corp. (NYSE:EGN) traded up 3.13% on Thursday, hitting $80.66. The stock had a trading volume of 1,205,670 shares. 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 $71.20 and its 200-day moving average is $72.55. The company has a market cap of $5.858 billion and a P/E ratio of 27.67.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Wednesday, February 12th. This is a boost from Energen Corp.’s previous quarterly dividend of $0.15.
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.
Source: http://tickerreport.com/banking-finance/143251/energen-corp-now-covered-by-global-hunter-securities-egn/?
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