OGE Energy (OGE) Projected to Post Quarterly Earnings on Wednesday

OGE Energy (NYSE:OGE) is anticipated to announce its earnings results before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.47 per share and revenue of $750.80 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

OGE Energy Stock Down 0.4 %

Shares of NYSE OGE opened at $43.54 on Tuesday. The stock has a market cap of $8.75 billion, a P/E ratio of 22.56, a PEG ratio of 3.18 and a beta of 0.78. The company has a current ratio of 0.86, a quick ratio of 0.51 and a debt-to-equity ratio of 1.09. OGE Energy has a 12-month low of $32.37 and a 12-month high of $44.41. The business’s fifty day simple moving average is $41.93 and its 200-day simple moving average is $41.24.

OGE Energy Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently issued reports on OGE shares. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $40.00 to $47.00 in a research note on Tuesday, January 21st. Barclays reduced their price objective on OGE Energy from $43.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, OGE Energy currently has an average rating of “Hold” and an average 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.