OGE Energy (OGE) Projected to Post Earnings on Wednesday

OGE Energy (NYSE:OGE - Get Free Report) is expected to post its quarterly earnings results 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 traded down $0.18 during trading on Friday, reaching $43.54. 666,671 shares of the company's stock were exchanged, compared to its average volume of 858,230. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.51. The business has a 50 day moving average price of $41.90 and a 200-day moving average price of $41.20. The stock has a market capitalization of $8.75 billion, a P/E ratio of 22.56, a PEG ratio of 3.18 and a beta of 0.78. OGE Energy has a fifty-two week low of $32.37 and a fifty-two week high of $44.41.

OGE Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have commented on OGE. Evercore ISI raised shares of OGE Energy from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st. Barclays reduced 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target 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.