OGE Energy (OGE) to Release Earnings on Wednesday

OGE Energy (NYSE:OGE) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.69 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

OGE Energy Trading Down 3.3 %

Shares of NYSE OGE opened at $38.45 on Tuesday. OGE Energy has a 1-year low of $31.25 and a 1-year high of $40.36. The company has a 50-day moving average of $36.26 and a two-hundred day moving average of $34.78. The company has a market cap of $7.71 billion, a PE ratio of 19.56, a P/E/G ratio of 3.72 and a beta of 0.74. The company has a current ratio of 0.51, a quick ratio of 0.23 and a debt-to-equity ratio of 0.96.

OGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Monday, July 8th were given a $0.418 dividend. This represents a $1.67 annualized dividend and a yield of 4.35%. The ex-dividend date was Monday, July 8th. OGE Energy’s dividend payout ratio (DPR) is presently 84.77%.

Analyst Upgrades and Downgrades

OGE has been the topic of several recent analyst reports. Barclays lifted their price objective on OGE Energy from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, June 18th. Argus cut shares of OGE Energy from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Finally, StockNews.com upgraded OGE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $33.60.

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.