Energen Stock To Go Ex-dividend Monday (EGN)

NEW YORK (TheStreet) -- The ex-dividend date for Energen (NYSE:EGN) is Monday, February 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $49 as of 9:39 a.m. ET, the dividend yield is 1.1%.

The average volume for Energen has been 429,000 shares per day over the past 30 days. Energen has a market cap of $3.83 billion and is part of the basic materials sector and energy industry. Shares are down 0.2% year to date as of the close of trading on Thursday.

Energen Corporation, an energy holding company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the continental United States. The company has a P/E ratio of 14, above the average energy industry P/E ratio of 11.8 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Energen as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Energen Ratings Report.

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