Zacks Investment Research downgraded shares of ENERGEN CORP (EGN) from NEUTRAL to UNDERPERFORM on December 24, 2012, with a target price of $43.30.
ENERGEN CORP is a diversified energy holding company engaged in natural gas distribution and oil and natural gas exploration and production activities. The Corporation's utility subsidiary, Alabama Gas Corporation, is the largest natural gas distribution utility in the State of Alabama. The Corporation's oil and gas exploration and production activities are conducted by its subsidiary, Taurus Exploration, Inc. and its subsidiary.
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