OGE Energy (OGE) to Release Earnings on Wednesday

OGE Energy (NYSE:OGE) is expected to be releasing its earnings data before the market opens on Wednesday, February 19th. Analysts expect OGE Energy to post earnings of $0.47 per share and revenue of $750.80 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

OGE Energy Stock Performance

NYSE OGE opened at $43.54 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.51. OGE Energy has a 1 year low of $32.37 and a 1 year high of $44.41. The company has a market capitalization of $8.75 billion, a PE ratio of 22.56, a P/E/G ratio of 3.18 and a beta of 0.78. The company has a fifty day moving average of $41.90 and a two-hundred day moving average of $41.21.

OGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were paid a dividend of $0.4213 per share. The ex-dividend date was Monday, January 6th. This represents a $1.69 annualized dividend and a dividend yield of 3.87%. OGE Energy’s dividend payout ratio (DPR) is 87.05%.

Analyst Upgrades and Downgrades

OGE has been the subject of several analyst reports. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and increased their target price for the company from $40.00 to $47.00 in a report on Tuesday, January 21st. Barclays dropped their target price on shares of OGE Energy from $43.00 to $42.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $45.00.

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.