OGE Energy Corporation (NYSE:OGE) Getting Somewhat Favorable News Coverage, Analysis Finds
Media stories about OGE Energy Corporation (NYSE:OGE) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. OGE Energy Corporation earned a news sentiment score of 0.01 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 70 out of 100, indicating that recent press coverage is likely to have an effect on the company’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- BRIEF-OGE Energy Corp names J. Michael Sanner to board of directors – Reuters (reuters.com)
- OGE Energy Corp. names J. Michael Sanner to board of directors – PR Newswire (press release) (prnewswire.com)
- OGE Energy : Chemical treatments killing trees (4-traders.com)
- The Evercore ISI Initiates Coverage on OGE Energy Corporation (NYSE:OGE) (hoyentv.com)
Several equities research analysts recently issued reports on OGE shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $35.00 price target on shares of OGE Energy Corporation in a report on Monday, May 15th. Zacks Investment Research downgraded shares of OGE Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Evercore ISI assumed coverage on shares of OGE Energy Corporation in a research report on Monday, July 24th. They set an “outperform” rating and a $37.00 target price on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on shares of OGE Energy Corporation in a research report on Thursday, July 20th. They set a “neutral” rating and a $35.00 target price on the stock. Finally, BidaskClub downgraded shares of OGE Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $34.83.
OGE Energy Corporation (NYSE:OGE) traded up 0.76% during midday trading on Thursday, reaching $36.01. 1,038,704 shares of the company traded hands. OGE Energy Corporation has a one year low of $29.57 and a one year high of $37.40. The stock’s 50 day moving average is $35.21 and its 200 day moving average is $35.01. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 20.70 and a beta of 0.88.
OGE Energy Corporation (NYSE:OGE) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. OGE Energy Corporation had a net margin of 15.29% and a return on equity of 10.22%. The business had revenue of $586.40 million for the quarter, compared to analysts’ expectations of $563 million. During the same period last year, the business earned $0.35 earnings per share. The business’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts anticipate that OGE Energy Corporation will post $1.96 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Monday, July 10th were issued a $0.3025 dividend. This represents a $1.21 annualized dividend and a dividend yield of 3.36%. The ex-dividend date was Thursday, July 6th. OGE Energy Corporation’s dividend payout ratio is 69.54%.
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About OGE Energy Corporation
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.
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