OGE Energy (OGE) Set to Announce Earnings on Thursday

OGE Energy (NYSE:OGE) is set to announce its earnings results before the market opens on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.28 per share for the quarter.

OGE Energy (NYSE OGE) opened at $31.21 on Wednesday. The stock has a market capitalization of $6,250.00, a P/E ratio of 16.34, a PEG ratio of 2.94 and a beta of 0.84. The company has a quick ratio of 0.46, a current ratio of 0.63 and a debt-to-equity ratio of 0.76. OGE Energy has a twelve month low of $29.59 and a twelve month high of $37.40.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 30th. Stockholders of record on Wednesday, January 10th were issued a $0.3325 dividend. This represents a $1.33 annualized dividend and a dividend yield of 4.26%. The ex-dividend date was Tuesday, January 9th. OGE Energy’s dividend payout ratio is presently 69.63%.

Several equities analysts have recently issued reports on OGE shares. Bank of America started coverage on OGE Energy in a report on Tuesday, October 24th. They issued an “underperform” rating and a $37.00 target price for the company. Zacks Investment Research downgraded OGE Energy from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. Edward Jones downgraded OGE Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Goldman Sachs Group upgraded OGE Energy from a “neutral” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Wednesday, January 10th. Finally, UBS Group initiated coverage on OGE Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $33.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $36.67.

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About OGE Energy

OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.

Earnings History for OGE Energy (NYSE:OGE)

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