Shares of OGE Energy Corp. (NYSE:OGE – Get Free Report) have received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating. The average 12-month price objective among brokers that have covered the stock in the last year is $35.33.
A number of research firms have recently issued reports on OGE. Argus cut OGE Energy from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Barclays increased their price objective on shares of OGE Energy from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Finally, Evercore ISI lifted their target price on shares of OGE Energy from $36.00 to $40.00 and gave the company an “in-line” rating in a research report on Thursday, August 8th.
View Our Latest Analysis on OGE
Hedge Funds Weigh In On OGE Energy
OGE Energy Stock Performance
Shares of NYSE OGE opened at $40.82 on Wednesday. OGE Energy has a 12 month low of $31.25 and a 12 month high of $41.48. The company has a quick ratio of 0.36, a current ratio of 0.71 and a debt-to-equity ratio of 1.08. The company has a market cap of $8.20 billion, a P/E ratio of 20.72, a P/E/G ratio of 3.75 and a beta of 0.74. The business’s 50 day moving average is $38.78 and its two-hundred day moving average is $36.22.
OGE Energy (NYSE:OGE – Get Free Report) last released its earnings results on Wednesday, August 7th. The utilities provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.46 by $0.05. The firm had revenue of $662.60 million during the quarter, compared to analysts’ expectations of $837.51 million. OGE Energy had a net margin of 14.83% and a return on equity of 9.15%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 EPS. On average, equities analysts expect that OGE Energy will post 2.14 EPS for the current year.
OGE Energy Company Profile
OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.
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