Energen Stock To Go Ex-dividend Tomorrow (EGN)

NEW YORK ( TheStreet) -- The ex-dividend date for Energen (NYSE: EGN) is tomorrow, May 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $47.37 as of 9:35 a.m. ET, the dividend yield is 1.2%.

The average volume for Energen has been 655,300 shares per day over the past 30 days. Energen has a market cap of $3.46 billion and is part of the basic materials sector and energy industry. Shares are down 6.6% year to date as of the close of trading on Wednesday.

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 15.6, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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

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