Energen Corporation (NYSE:EGN) Given Price Target Of $58.812


As per Energen Corporation (NYSE:EGN)’s news release on 2015-11-02, its shareholders will get cash dividend of $0.02 per share. The recent press release updated on the record date and payout date, which stands at 2015-11-13 and 2015-12-01, respectively.

The stock will commence trading ex-dividend from 2015-11-10, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Energen Corporation (NYSE:EGN) disbursed $0.02 in dividend compared to distribution of $0.02, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -82.9787%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Energen Corporation (NYSE:EGN) to attain a price target of $58.812. It is an average estimate figure given by 16 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $67. The low price range is set at $50 for next year while the arithmetic mean is seen at 1.71.

Eyeing Earnings Energen Corporation (NYSE:EGN) is likely to post quarterly numbers around 2016-11-03 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $-0.26 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Energen Corporation (NYSE:EGN) earnings came at $-0.28 suggesting a deviation of $0.09. The brokerages targeted EPS of $-0.37 for the quarter.

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